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
Due to varying fuel oil quality, it is recommended to use monitoring and management tools in consultation with manufacturers and testing labs, it said.
Opportune LLP explains why downstream energy companies must stay the course for IMO 2020 compliance.
Prices for compliant fuels such as very-low sulphur fuel oil and marine gas oil rose quickly initially but now appear to be stabilising.
Amendment to three rules in response to changes in international conventions and more, it says.
Local traders expecting buying interest from foreign buyers to rise in August-September, notes update.
Final investment decision of the project is expected in 2019, with start-up anticipated in 2023.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
