Erik Hoffman of global energy and price reporting agency Argus Media on Friday (31 January) issued a report noting the surge in alternative fuelled vessels ordered in 2019:
Last year, 100 new LNG-powered ships were ordered. This was three times more than the average number of orders between 2016 and 2018, according to DNV GL.
LNG bunker sales at the port of Rotterdam have risen exponentially — from 100t in 2016 to 1,500t in 2017 and 9,500t in 2018, according to the port’s data. Sales had reached 22,700t in the first three quarters of 2019.
But while the Dutch LNG market is the biggest is Europe, LNG still only makes up a fraction of the total bunker fuel demand at Rotterdam. In the first three quarters of last year, 5.4mn m³ of fuel oil and 1mn m³ of marine gasoil was sold at the port.
A total of 385 LNG-powered vessels are in operation and on order globally, with another 143 vessels LNG-ready, according to DNV GL. LNG’s “long-expected tipping point seems to have been reached, but lack of infrastructure and a challenging business case” still limit its uptake as a bunker fuel, DNV GL said.
Orders for battery-powered ships were even higher than for LNG-powered ones last year. Most of these battery vessel projects were hybrid or plug-in hybrid.
A total of 390 battery-powered vessels are in operation or on order globally. While LNG can power bigger vessel types covering a large area — such as container ships, bulk carriers and oil tankers — battery-powered vessels tend to be smaller and mainly operate in northern Europe.
Other alternative bunker fuels are less widespread. There are currently 16 vessels in operation or on order running on methanol, 14 on LPG and three on hydrogen, according to DNV GL.
With the International Maritime Organisation’s (IMO) deadline for switching to bunker fuels with lower sulphur emissions just passed, the shipping industry is increasingly looking ahead to the IMO’s next emissions reduction targets.
The IMO’s strategy to cut shipping’s greenhouse gas emissions in half by 2050 includes a 40pc reduction in CO2 emissions by 2030 and a 70pc cut by 2050 compared with 2008 levels.
To achieve these reductions, vessels will need to burn less conventional bunker fuels and take up alternatives such as LNG, batteries, methanol, LPG, hydrogen fuel cells and ammonia.
Source: Argus Media
Published: 13 February, 2020
Chinese shipping firm’s bunker and related cost composition will change accordingly from 2019.
New Qushan anchorage reduces pressure on bunker supply, as the average waiting time at the southern anchorage is 18 hours and demand is expected to increase.
Suggests eight questions for fuel buyers to consider before entering a binding bunker contract.
Some bunker suppliers at various ports have even achieved their sales target for the year; the trend doesn't seem to be slowing down and suppliers are expecting a boom during end of September.
Iraq firm poised to deliver MARPOL 2020 compliant fuel to its customers from October 2019 onwards.
South Korea has released a ‘special act on improvement of air quality in port areas’ to reduce particulate emissions from ocean going ships in its ports, it says.
Between November 2016 and October 2017, Mr Tan falsified at least 20 invoices and submitted these invoices to UOB and OCBC, according to court documents obtained by bunkering publication Manifold Times.
‘CSM Taurus arrived in Singapore during mid-September and is currently undergoing final preparations before starting commercial operations,’ General Manager of CSM tells Manifold Times.
Criminal syndicate’s tampering with MFMs on bunker tankers Southernpec 6 and Southernpec 7 conceptualised by three masterminds and carried out by cargo officers on board, according to joint statement.
Seeks information connected to SGS COQs of Gas Oil and Marine Diesel Oil cargoes loaded on board Vinalines Glory from the Vopak Banyan Terminal in Singapore between January and February 2013.
Additional topics of bunker contamination and OCM services discussed at VPS’ Fuel Management Challenges – The Year of 2021 & Beyond webinar on 23 September; Manifold Times summarises the session.
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.
