Neste Oyj, an oil refining and marketing company located in Espoo, Finland will be introducing its own blend of IMO 2020 compliant marine fuel to Northwest Europe from the fourth quarter (Q4) of 2019, it says.
Neste Marine 0.5 is manufactured in Neste’s refinery in Porvoo, Finland; the product meets RMG 0.5 specification and ISO 8217:2017 standard requirements.
The exact locations and product’s technical specification will be released in the fall of 2019.
“Neste’s has always been in the forefront of developing cleaner and more sustainable solutions. This is also the key driver within our marine fuels business,” said Marko Pekkola, Executive Vice President of Oil Products at Neste.
“Neste Marine 0.5 meets the stricter legislative requirements for maritime sulphur emissions, enabling smooth operations.”
From January 1, 2020, the International Maritime Organization (IMO) will introduce a 0.5% global sulphur cap on fuel content for areas currently with 3.5% limit.
In these areas, all vessels will be required to use fuel with a maximum sulphur content of 0.5%, unless they use exhaust gas cleaning systems.
Photo credit: Neste
Published: 16 August, 2019
Exclusion based on assessment of the risk of severe environmental damage.
‘We welcome the plans of Russian shipbuilders to create modern large-tonnage LNG-fuelled vessels,’ says Sovcomflot.
‘The situation is being closely monitored and in view of poor sea conditions, salvage efforts are currently on hold [...] crew are safe and have been transferred to shore,’ it said.
Coping with limited availability of HSFO, with price spreads relative to Singapore rising to record highs.
The Maritime and Port Authority of Singapore welcomes the 13th edition of SMW, which runs from 21 to 29 April.
The arrest of vessels at the world’s largest bunkering port continues to be an effective method of obtaining recovery on maritime-related claims, says Partner Max Lim.
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.
