Delayed exhaust gas scrubber installations will further boost demand for IMO-compliant products.
CEO Yukikazu Myochin addresses the need for the company to continue studies on new technologies such as Kite energy.
‘We need to pay close attention and maintain our focus on compliance as we move toward a stable path.’
Sulphur content issues, redelivery, and charterparty disputes among the most common problems encountered.
HPCL has produced the first batch of VLSFO from its Visakh Refinery ahead from IMO 2020 January 1 deadline.
Full impact of IMO 2020 is likely to be felt in March, once the current global stockpile of LSFO has dwindled.
The price levels for VLSFO and LS MGO have risen respectively by 30% and 24% from start of December.
Test samples of 0.5% sulphur fuel produced from blending process found to have 0.16 to 0.21% m/m.
Shippers need to make sure they understand exactly what they are being asked to pay extra for by carriers.
Enforcement against vessels that narrowly exceed 0.5% VLSFO in test results may lead to legal claims.
