Classification society DNV GL on Thursday (2 April) reported that Knut Ørbeck-Nilssen, DNV GL Maritime CEO gave a keynote address with a focus on alternative bunker fuel options at Capital Link’s 14th Annual International Shipping Forum that was held digitally on Monday (30 March).
As part of his address, Ørbeck-Nilssen spoke of the importance of maintaining focus on the major transformations shaping the maritime world beyond the current health crisis, namely increasingly unpredictable markets, shifting environmental regulations, and the impact of digitalisation.
He highlighted the urgency for the shipping industry to uptake alternative bunker fuels that are readily available to achieve the IMO’s 2050 targets for the reduction of greenhouse gas emissions.
“When it comes to fuels, it is important to act now and not wait for the ‘perfect’ fuel,” said Ørbeck-Nilssen.
“While the size of a vessel, it’s operating profile, and type of cargo, are all factors that need to be taken into consideration when evaluating potential fuel alternatives for a particular vessel, DNV GL sees gas as the first large scale alternative fuel to initiate the needed change and also serve as a bridging fuel into the more distant future.
“Gas is readily available today and can deliver measurable GHG reductions of 15-20%.”
Photo credit: DNV GL
Published: 3 April, 2020
Bunker prices continuing to increase since fourth quarter of 2017, even though freight rates are recovering.
13 staff representing Innospec partner Cycling without Age Singapore to help vulnerable communities combat social isolation through scenic trishaw rides.
The winding up application is directed to be heard at the High Court of the Republic of Singapore at 10.00 am on Monday 28 September.
Ships worldwide to sound their horns when in port at 1200 hrs GMT to remind Governments of the ongoing crew-change issue.
Alexei Medvedev (pictured) and Mikhail Antonov explain how regulation will affect the company in an interview.
Company submits appeal to Bursa Malaysia on Monday, before Friday deadline.
Caroline Yang, President of SSA, addresses issues earlier raised by players; including PMC No. 04, the seven-day restriction, contactless bunkering, sampling point, hose connection, and more.
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
