Pavel Sorokin, the Deputy Minister of Energy of the Russian Federation, shared at the 12th international Transport of Russia conference on the country’s preparations for IMO 2020.
“Russian manufacturers will cope with it. The measures that that government is taking to stimulate and accelerate the transition from heavy fuel oil to low-sulphur fuel, are already bringing effect. There is a potential, and the risks are minimal,” he said, as quoted by Sea News.
Sorokin noted the Russian marine fuels industry supplying approximately 13 million metric tonnes (mt) of bunkers, with heavy fuel oil (HFO) taking up about 10 million mt.
However, he forecast a two-fold decline in HFO consumption by 2021.
“As a result, the cost of low-sulphur fuel will grow considerably. How to administer this, is yet to be decided. Time will show,” he said.
To help the transition from HFO to low sulphur marine fuel, the Ministry of energy will offer refinery companies special privileges to produce low sulphur fuels, adds Sorokin.
“We will offer a small premium for every ton of low-sulphur fuel in the Baltic and in the Far East basin,” he said.
Published: 26 November, 2018
Additional topics of bunker contamination and OCM services discussed at VPS’ Fuel Management Challenges – The Year of 2021 & Beyond webinar on 23 September; Manifold Times summarises the session.
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.
Lead prosecutor Andreas Myllerup Laursen aims for a fine and a prison sentence in the so-called Syria case scheduled to commence in Odense, Denmark on 26 October, writes the Danish publication.
In a modern re-telling of the story of David versus Goliath, local bunker barge owners/charterers successfully resisted claims brought in the Singapore courts by Phillips 66 for misdelivery of bunkers.
Bunker barge owners and operators; traders and suppliers; banks, including players in other countries, will have to re-examine respective operations, advises Helmsman Associate Director Jonathan Tan.
Vopak BL was a non-essential document with no contractual force and had no effect as a contract of carriage or as a document of title, states written Judgement issued by Singapore Court of Appeal.