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
Top three positive movers in 2021 were Hong Lam Fuels Pte Ltd (+14); Sirius Marine Pte Ltd (+12); and TFG Marine (+11); according to the latest data from the Maritime and Port Authority of Singapore.
Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
Poll shows market participants think Singapore’s future as a bunkering hub in the near term will be impacted most by growth in alternative bunker fuels and intensifying competition from other ports in Asia.