Global commodity trading firm Gunvor Group has reportedly stopped plans to upgrade its Rotterdam refinery, which was supposed to produce 0.5% sulphur limit bunker fuel for the shipping industry when the IMO 2020 mandate takes effect.
“The price environment and other relevant economics have changed considerably since Gunvor first began exploring the concept a year ago,” the company said in an internal memo obtained by Dutch newspaper Het Financieele Dagblad.
Reports noted Gunvor deciding to put on hold plans to introduce a delayed coker unit (DCU) as an upgrade to its Rotterdam refinery.
The DCU is a refinery sub unit which processes high sulphur fuel oil into various types of diesel fuel.
In January, Dutch authorities reportedly gave Gunvor permission to upgrade its Rotterdam refinery with a delayed coker unit without first conducting any environment assessments.
Gunvor is reportedly considering a partial sale of its 1.5 million cubic metre capacity Rotterdam oil storage facility.
Related: Gunvor gets “express” permission on refinery upgrade for bunkers
Related: Gunvor considers partial sale of Rotterdam oil storage
Published: 29 August, 2018
Vessels entering Taiwanese ports to use 0.5% sulphur limit marine fuel from 1st January 2019.
Also considering options to install scrubbers on additional 15 minor bulk vessels, but did not provide details.
Information provides stakeholders with data, recommendations, and insights to efficiently manage VLSFOs.
Lack of regulation, traceability, transparency and quality control in marine fuel supply chain, highlights Group Commercial & Business Development Director.
Pledges not to use vessels with scrubbers, as they transfer pollution produced by vessels from air to ocean.
Heide underwent a partial shutdown in April 2018, during which modifications for IMO 2020 were made.
Glander International Bunkering (Norway) AS seeking payment of USD 115,963.52 (not including contractual compensation and interests) from the vessel’s demise charterer, according to court documents.
“In TotalEnergies, we already have projects along the e-Fuel value chain, from green electricity and green / blue hydrogen to e-Fuel production that will be integrated along the marine fuels value chain in time to come,” shares Louise Tricoire.
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
