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Argus Media: IMO likely to target NOx emissions: Chevron

The IMO introduced two NOx Emission Control Areas in the North Sea and Baltic Sea from January 2021 and Chevron expects several other parts of the world to follow.
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George Collard and Catherine Caulfield of global energy and commodity price reporting agency Argus Media on Monday (17 August) published an article summarising Chevron’s prediction that the IMO will likely expand nitrogen oxide emission regulations and subsequent implications for the maritime industry: 

The International Maritime Organisation (IMO) will “rapidly” expand nitrogen oxide (NOx) emission regulations, according to Chevron.

The IMO, which has already introduced a measure to control global sulphur emissions, has agreed to introduce two NOx Emission Control Areas (NECAs) in the North Sea and Baltic Sea from January 2021. These will apply to vessels built after the start of 2021.

“We now expect several other parts of the world to follow shortly,” said Chevron Marine Lubricants’ senior engineer Luc Verbeeke. With NECAs for diesel engines already in place in US and Caribbean waters, shipowners may be unable to avoid all these areas.

“Today when you build a new ship you could say that you will avoid the US, although this would be limiting and reduce vessel flexibility,” Verbeeke said. “But can you afford to say you will avoid the US and Europe for the lifetime of your vessel?”

Shipping classification society DNV GL in July said the EU is concerned about NECAs and whether they will be sufficient to combat emissions. The IMO in May 2019 said that talks had begun over a potential Emission Control Area (ECA) in the Mediterranean covering NOx and sulphur emissions. This year the European Parliament’s environment committee demanded proposals to extend NECAs to all European waters, including the Mediterranean.

Chevron said that the shipping industry has dealt with the IMO sulphur cap fairly well and noted 0.5% sulphur fuel oil is normally a high-quality product. But some older engines struggled with new 0.5% blends because of the calculated carbon aromaticity index (CCAI), a measure of fuel ignition quality. Most 0.5% fuel oil has a lower CCAI than 3.5% sulphur fuel oil (HSFO).

Chevron said vessels will have to keep engines in better shape than before the sulphur transition to be able to burn 0.5% fuel oil efficiently, which can improve fuel economy. Engine cleanliness and efficiency can be diagnosed by monitoring changes in the composition of the marine lubricant using iron testing on-board.

A higher iron content in cylinder oil would point to engine corrosion caused by use of a lubricant with too low a base number (BN) to neutralise acids formed during combustion. Higher magnetic iron would point to abrasion of the engine and a high concentration of cat fines in the marine fuel of choice.

Most issues with 0.5% fuel oil have not been to do with quality of the fuel or cylinder lubrication, Verbeeke said, but by incorrect fuel handling, cleaning or non-compliance with original equipment manufacturers (OEM) guidelines.


Photo credit and source: Argus Media
Published: 18 August, 2020

 

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Winding up

Singapore: Xihe Holdings subsidiaries to be wound up voluntarily, creditors to submit claims

Creditors of Da Zhong Tankers and Xin Ying Shipping are required on or before 17 July 2026 to send in their names and addresses and particulars of their debts or claims to appointed liquidators, says notice.
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Xihe Holdings Pte Ltd subsidiaries Da Zhong Tankers Pte Ltd and Xin Ying Shipping Pte Ltd will voluntarily wind up following resolutions that were passed by written means, according to a Government Gazette notice published on Thursday (18 June).

The resolutions set out below were duly passed:

  • SPECIAL RESOLUTION – WINDING-UP

That the Company be wound up voluntarily pursuant to section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.

  • ORDINARY RESOLUTION – APPOINTMENT OF LIQUIDATORS

That Paresh Tribhovan Jotangia and Ho May Kee of Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960 be and are hereby appointed as joint and several liquidators to conduct the said winding-up and that their remuneration be fixed on the usual scale of their professional charges for the work involved.

  • SPECIAL RESOLUTION – POWERS OF LIQUIDATORS

That the liquidators of the Company be authorised to exercise any of their powers given by section 177, 144 (1) and (2) of the Insolvency, Restructuring and Dissolution Act 2018 and to distribute to members, in specie, any part of the assets of the Company.

In another notice, the liquidator of the company said creditors are required on or before 17 July 2026 to send in their names and addresses with particulars of their solicitors (if any) to liquidator Paresh Tribhovan Jotangia at Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960. 

The liquidator may require creditors or their solicitors to “come in and prove their said debts or claims at such time and place as shall be specified in such notice or in default thereof, they will be excluded from the benefit of any distribution made before such debts are proved.”

Related: Singapore: Additional Xihe Holdings subsidiaries to be placed under judicial management

 

Photo credit: steve pb from Pixabay
Published: 19 June, 2026

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Winding up

Singapore: Liquidator of Parakou Shipping issues notice of dividend

Second and final dividend to admitted creditors of Parakou Shipping is payable by 14 July, according to Government Gazette notice.

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A notice of dividend for Parakou Shipping Pte Ltd, which is currently in voluntary liquidation, was published on the Government Gazette on Thursday (18 June). 

The following are the details of the notice:

Name of Company : Parakou Shipping Pte Ltd (In Creditors’ Voluntary Liquidation)
Address of Registered Office : c/o KordaMentha, 50 Raffles Place, 25-01 Singapore Land Tower, Singapore 048623
Amount per centum : 0.55 per centum of admitted claims (in accordance with the Order of Court HC/ORC 4175/2024)
First and Final or otherwise : Second and Final Dividend to admitted creditors (in accordance with the Order of Court HC/ORC 4175/2024)
When payable : By 14 July 2026
Where payable : c/o KordaMentha Pte Ltd, 50 Raffles Place, #25-01 Singapore Land Tower, Singapore 048623

Related: Singapore: Notice of intended dividend issued for Parakou Shipping Pte Ltd

 

Photo credit: Benjamin Child
Published: 19 June, 2026

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Alternative Fuels

MOL inks bio-LNG bunker fuel supply deals with Titan and Axpo for car carriers in Europe

Titan, part of Amsterdam-based Molgas, will continue to supply bio-LNG fuel in Northwest Europe, while Axpo will take charge of supply in the Mediterranean region.
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MOL inks bio-LNG bunker fuel supply deals with Titan and Axpo for car carriers in Europe

Mitsui OSK Lines (MOL) on Thursday (18 July) said it has signed new supply agreements in Northern Europe and the Mediterranean region to expand the use of bio-LNG marine fuel on MOL-operated LNG-fuelled car carriers.

Titan, part of Amsterdam-based Molgas, will continue to supply bio-LNG fuel in Northwest Europe, while Axpo will take charge of supply in the Mediterranean region.

MOL said the agreement makes it possible for its company to supply bio-LNG fuel for automobile carriers in the Mediterranean region, specifically Port of Malaga and Barcelona in Spain, following the bio-LNG fuel supply agreement in Western Europe, which commenced in March last year.

The bio-LNG fuel to be supplied in this initiative has a lifecycle carbon intensity (carbon dioxide emissions per unit of energy consumption) of -15 g-CO2/MJ or less, from production through consumption. Furthermore, this bio-LNG fuel has obtained International Sustainability and Carbon Certification (ISCC-EU). 

“Through this supply agreement, MOL has established a framework that ensures a continuous and stable supply of bio-LNG fuel not only in Northern Europe but also in the Mediterranean,” the company said.

As part of the group’s efforts to adopt alternative fuels and achieve net-zero greenhouse gas (GHG) emissions, it is utilising LNG-fuelled vessels as a bridge solution to facilitate the transition to carbon-neutral fuels such as bio-LNG and synthetic LNG (e-methane).

In 2025, MOL signed a bio LNG fuel supply agreement in Northwest Europe with Titan, part of the Molgas, and MOL has continued this bio LNG fuel supply agreement with the same company in 2026 as well.

 

Photo credit: Mitsui OSK Lines
Published: 19 June, 2026

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