The types of marine fuel used for the shipping industry in 2050 will be vastly different from current choices, says the CEO of classification society DNV GL – Maritime.
“The fuel mix that we see beginning to shift today, will be much more diverse in 2050. Oil will no longer be the overwhelming choice for trading vessels,” said Knut Orbeck-nilssen in the organisation’s Energy Transition Outlook – Maritime report.
“Natural gas will step up to become the second-most widely used fuel, with a third of the world’s fleet, and new low-carbon alternatives will proliferate, supplying nearly a quarter of the fleet.
“The continuing pressure to reduce emissions to air and the growing drive toward decarbonisation, shapes the fleet of 2050 in important ways, particularly in the choice of fuels.”
According to the report, 47% of energy for shipping will be from oil-based fuels by 2050. The use of of gas in the fuel mix will rise to 32%. Carbon neutral energy sources, such as biofuel and electricity will power more than a fifth of shipping.
Other predictions over the period 2015–2050 in the DNV GL report include:
Photo credit: DNV GL
Publication date: 8 January, 2018
A biofuel blend can result in up to 40% CO2 reduction with a 2nd Generation B50 blended biodiesel with MGO, but only from a well-to-wake perspective.
Singapore’s bonded fuel supply was 15.05 million mt, a 11.89% year-on year decrease due to doubts on quality of local high sulphur fuel, says a China consultancy.
HSFO prices may start coming under pressure as early as Q2 2019 due to IMO 2020 becoming more pronounced.
‘But if the contamination is undetectable by all required testing methods, then who is truly at fault?’
Samples were all VSLFO fuels and TSP results ranged up to 0.35% m/m; ships bunkering at these ports should request additional supplier reassurance, it said.
Report identified 76 international instances of off-spec bunker fuel between 1st and 14th October 2018.
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.
Octamar™ Ultra HF, Octamar™ Complete, and Octamar™ F35C were found to have improved the fuel economy while reducing exhaust gas and other emissions of marine engines in a series of trials, states report.
Disposal of evidence has resulted in Singapore not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case, says Ministry of Foreign Affairs.
‘We are proud to be amongst the first to show the successful steps taken by Singapore’s bunkering ecosystem to remain forward thinking and relevant,’ Choong Sheen Mao, Director of EMF, tells Manifold Times.
‘With the launch of a common data infrastructure, Kenoil aims to continue achieving an end to end visibility and transparency on the bunker data supply chain,’ states Kenoil Managing Director.
