The Vice President of refining, chemicals and oil markets at research and consultancy firm Wood Mackenzie forecasts 30% of the shipping industry will not comply with the upcoming sulphur cap of 0.5% effective 2020.
“At the moment nobody is really doing anything […] with a number of the shippers playing chicken with the regulator, does the regulator blink? We don’t know,” Alan Gelder told Reuters.
Vessels have the option of retrofitting scrubbers while allow them to continue burning cheaper high sulphur fuel oil during operations.
However, the scrubber units can cost between $3 million to $10 million, says Anil Rajguru, Vice President of process safety at engineering firm Fluor Corp.
“Right now less than 500 ships have scrubbers. We’re talking more like 50,000 and it could take more than a decade before scrubbers are fitted on [all] the vessels,” Rajguru said.
Photo credit: International Maritime Organization
Published: 14 March, 2018
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.
Octamar™ Ultra HF, Octamar™ Complete, and Octamar™ F35C were found to have improved the fuel economy while reducing exhaust gas and other emissions of marine engines in a series of trials, states report.
Disposal of evidence has resulted in Singapore not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case, says Ministry of Foreign Affairs.
‘We are proud to be amongst the first to show the successful steps taken by Singapore’s bunkering ecosystem to remain forward thinking and relevant,’ Choong Sheen Mao, Director of EMF, tells Manifold Times.
‘With the launch of a common data infrastructure, Kenoil aims to continue achieving an end to end visibility and transparency on the bunker data supply chain,’ states Kenoil Managing Director.