Seoul-based bunker barging firm Hanyu, which operates 25 bunkering barges, is planning to change its cargo handling operation model in preparation for IMO 2020 when all ships are required to consume marine fuel with a sulphur content of not more than 0.5% from 2020 onwards.
“For 2020, in our perspective, we think the demand of marine gas oil (MGO) will shoot up therefore we are trying to change the operation model to get these barges to supply MGO as well as heavy fuel oil (HFO) at the same time,” J.W Kim, deputy manager of the bunkering team at Hanyu, told Manifold Times on the side lines of the 20th Singapore International Bunkering Conference and Exhibition (SIBCON) 2018.
Currently in Korea, bunker barges of 700 metric tonne (mt) capacity and below traditionally carry two types of marine fuel separated into a 70:30 ratio of HFO and MGO while the bigger barges of 1,000 mt capacity and above usually carry only one type of cargo to maximise efficiency, he explains.
“In 2020, we are trying to change the operations model to have the bigger barges of 1,000mt capacity and above to carry two types of fuel due to our perspective that demand of MGO will go up.”
The approaching IMO 2020, meanwhile, will also introduce other challenges towards barging operations adds Kim.
“In 2020, we have plenty of types of compliant marine fuel which are below 0.5% sulphur and more variety will be launched,” he shares.
“The increased types of fuels may introduce human error in the supply chain so we also need to take steps to prevent such occurrences from happening. Crew might have too many operations to do so they could get confused.”
Moving forward, Kim notes Hanyu is making preparations to be the first company to introduce mass flowmeter bunkering operations in Korea.
“We have already contacted Endress+Hauser and Emerson and are in discussions to use MFM for bunkering by next year in 2019.”
Hanyu has an agreement with SK Energy to handle delivery of several products, including bunkers, at South Korea.
The company on 8 September, 2017 celebrated its 50th anniversary by announcing a plan to own 20 vessels, including one for LNG bunkering operations, by 2025.
Photo credit: Hanyu
Published: 29 October, 2018
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Maureen Poh, a Director of Helmsman LLC, offers plain practical tips on the differences between US and EU Sanctions and shares some thoughts on what companies could do if they are potentially exposed to sanctioned entities.
‘We [Consort Bunkers] have the opinion that the bunker business in Singapore is not related to the widely reported earlier cargo commodity trading mishaps,’ company source tells Manifold Times.