It is the first domestic refining and chemical enterprise to manufacture low sulphur fuel oil, it says.
Facility includes term loan to approximately USD 153 million and a revolving credit facility of USD 55 million.
Applies to all vessels berthed within port waters and vessels on transit to and from any berth or anchorage.
‘Please be advised that Port of Fujairah has decided to ban the use of open-loop scrubbers in its waters.’
‘Any delay let people suffer longer than necessary and that is not acceptable at all,’ says NABU.
New MSA Notice (2018) 555 issued on 29 December 2018 says ban took effect from 1 January 2019.
Prohibited areas for restriction are inland river ECAs, port areas within coastal ECAs, and Bohai Sea.
Technoveritas provides an overview of upcoming maritime regulations to be introduced by the IMO.
Price effects from implementing new standard will be most acute in 2020 and will diminish over time.
Some areas restricting discharge of washwater from open loop scrubbers or prohibiting use of scrubbers.
