Maersk Tankers on Friday said it has decided to invest in four scrubber systems to be installed on selected LR2 vessels in its product tanker fleet before January 2020 to comply with the International Maritime Organization (IMO)’s sulphur regulation.
The new IMO regulation states that the current global limit for sulphur content in fuel oil used on board vessels will change from 3.50% to a maximum of 0.50% from January 2020.
As a result, from January 1, 2020, the world’s shipping fleet will be required either to have scrubbers installed on board or to use compliant fuel with a maximum sulphur content of 0.5% (outside Emission Control Areas (ECAs)).
To comply with the regulation, Maersk Tankers has analysed and evaluated various options, taking into account the long-term financial viability of available options and potential environmental impact.
“We have carried out extensive analyses while also consulting with industry specialists and relevant regulatory bodies,” explained Tommy Thomassen, Chief Technical Officer at Maersk Tankers.
“Based on that, installing scrubbers on selected larger-sized product tanker vessels is assessed to be a financially viable solution while combining it with the use of compliant low-sulphur fuel on the majority of the fleet.”
The scrubber systems will be installed on one existing LR2 vessel, as well as three LR2 newbuildings within the Maersk Product Tanker fleet.
Installing scrubbers on smaller-sized tanker vessel is not currently deemed financially viable, it believes.
“Maersk Tankers supports the IMO 2020 sulphur regulation and will implement it as required,” says Thomassen.
“However, we also recognise a need for gaining a deeper understanding of the regulation’s overall implication on the global product tanker industry.”
Maersk Tankers states that the company is also ready to handle scrubbers for the vessels that are operated in its commercial pools.
Photo credit: Maersk Tankers
Published: 4 March, 2019
‘This biofuel bunker delivery represents a new chapter for Eng Hua as we are now moving with the times towards the era of decarbonisation,’ Mike Sin, Director at Eng Hua, tells bunkering publication Manifold Times.
MPA has also asked Glencore to improve its internal procedures to ensure that prompt action is taken in future when it becomes aware of, or reasonably suspects, any irregularity in fuel quality, it states.
Dynamic Asset Investments Limited and Goldsland Holdings Co Ltd helped Vermont UM Bunkering maintain a “Cash Float” of about SGD 100,000 to facilitate “buyback” bunker transactions at Singapore port.
Senior Cargo Officer gained SGD 48,800 worth of commission from “buyback” bunker transactions and illegally obtained SGD 410,712.257 by cheating Vermont, a Singapore court heard on Thursday (21 July).
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.