Projects distillate usage in low-sulphur bunker fuels rising from 36% in 2019 to 57% in 2020 for U.S. market.
Scrubbers commissioned but not operational before 2020 deadline not sufficient for compliance, say lawyers.
The pair will commission the LNG bunkering pontoon FlexFueler 002 by mid-2020 to provide fuel to vessels.
15,000 TEU vessel Sajir involved in pilot project for converting large ships to use LNG as bunker fuel.
Pacific M has been chartered to an oil major on a long term contract; sister vessel under construction.
Due to reduced trades, bunker transactions and depressed freight rates; though upstream records profit.
The company recorded bunker sales of 3.2 million mt in 2018 and 2.6 times volume increase at Kaliningrad.
Bunker desk brokered a $200 spread deal on CME Singapore FOB Marine Fuel 0.5% Futures Contract.
As dedicated partner for vessels between 7,500 TEU to 15,000 TEU covering all scrubber engineering aspects.
‘China shipbuilders have a fantastic record of innovation in LNG,’ says ABS Vice President, Global Gas Solutions.
