Dutch authorities have reportedly given global commodity trading firm Gunvor permission to upgrade its Rotterdam refinery with a delayed coker unit without first conducting any environment assessments.
The delayed coker unit will allow the refinery to reprocess fuel oil material, traditionally used as bunker fuel, into cleaner products.
Gunvor, which has not yet committed to the upgrade, is considering the move due to the International Maritime Organization (IMO) decision to mandate the consumption of 0.5% sulphur limit bunker fuel by 2020.
“Gunvor is currently studying several options for how best to respond to the IMO decision,” Gunvor spokesman Seth Pietras told Reuters.
“We have not made any decision yet.”
According to Reuters, several oil majors including ExxonMobil and Total have already made investments to upgrade their refineries in preparation for the upcoming 2020 IMO regulation.
Gunvor acquired the Rotterdam refinery from Kuwait Petroleum Europoort in 1 February, 2016.
Published: 26 January, 2018
Preem AB planning to increase desulphurisation capacity of its Lysekil and Gothenburg refineries.
‘In 2020, we plan to increase the share of ultra- and low-sulphur marine fuels in total sales up to 50%,’ says CEO.
Non-compliance by the United States would instead likely benefit other global economies, finds study.
Expedition cruise ships and newbuilds will exclusively use low-sulphur MGO from July 2020, it says.
Understanding factors behind BC is a complex science as BC formation depends on multiple and variable factors and how they interact i.e. engine type, engine load etc.
Other suppliers such as Spanish refiner Cepsa forecasting higher price premium of $300/t differential in 2020.
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.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.
Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.
