New IMO regulation may create more losers than winners in challenging market environment, Dr. Abdulwahab Al Sadoun, Secretary General, GPCA shares with Manifold Times.
Yara Birkeland scheduled for launch in early 2020, and will gradually move to autonomous operation by 2022.
Firm estimates financial return of approximately 25% within five years on own vessels.
New system differs from outgoing system that ‘punishes fuel oil production’, says report.
Targets Murmansk Shipping Company for 8.3 million rubles claim at Murmansk Arbitration Court.
‘We have introduced a slew of measures to improve the service quality and efficiency,’ says port official.
First independently accredited MFM system at ARA able to offer ExxonMobil HDME 50 marine fuel.
Upgrading to reduce bunker expenses by over 5% and allow ships to enter EU and US markets.
Fuels tested had catfines values between 85 to 110 mg/kg, exceeding 60 mg/kg limit for ISO 8217:2017.
Data suggests owners opting for scrubber-fitted vessels in 2020 would recover cost in the first year alone.
