The crash in demand for air travel and jet fuel due to the Covid-19 pandemic has caused the industry to use the product as a blending component in the production of low sulphur bunker fuel, reports Bloomberg.
Allegedly, jet fuel was used to blend bunker fuel in Singapore through April and May when prices were close to $20 per barrel from $70 per barrel in January and the demand for air travel is not expected to recover until 2024.
A specialist for fuels at Lloyd’s Register has purportedly cautioned that while jet fuel can indeed be used in a marine fuel blend, it can have a far lower flash point which can be a safety hazard for vessels.
Photo credit: Ellen Jenni on Unsplash
Published: 20 September, 2020
In the short term, internal combustion engines will power all larger ocean-going vessels and the dual fuel engine looks set to be the prime choice for the coming years, it said.
The trio has received all necessary merger approvals from local competition authorities to start ops on 1 April 2018.
Bunkers sold totalled 15.78 million mt from Jan to Apr, 7.9% down compared to 17.14 million mt in 2018.
The Colombo-based bunker supplier commissioned bunker tanker MT Amelia in the first quarter of 2018.
Oil terminal in Skagen fits perfectly with company’s current storage facilities in Copenhagen and Aarhus, enabling it to boaden its portfolio in the region.
New location complements Stanlow and Immingham offerings allowing firm to service all UK Ports.
‘We need to keep in mind the saying “penny wise pound foolish”,’ says Captain Rahul Choudhuri, the Managing Director AMEA at VPS, who stresses on the essential role of the Bunker Surveyor.
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.
