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
Seeking bunker claim from 13 unpaid invoices; seven under Term Sales Contracts entered on 30 April 2020 and six under Spot Contracts, according to court documents obtained by Manifold Times.
The representative was providing clarification to a query from Manifold Times when asked if the bunkering licenses of the Hin Leong Trading affiliated company have been permanently revoked.
Patrizia Cosulich becomes first bunker tanker in Singapore to undertake its Mass Flow Meter extension test using the Master Mass Flow Meter, learns bunkering publication Manifold Times.
Bunker claims totalling SGD 628,000 for 88 deliveries of marine gas oil between the period of 7 February 2020 until 15 April 2020, according to documents obtained by Manifold Times.
Event welcomed over 1,100 attendees from 42 countries; delegates visited virtual booths about 4,800 times; while around 5,800 connections were made, according to data from organiser Informa.
Bunker suppliers and bunker craft operators may choose to carry out meter verification using either existing MIMO method OR with the use of a Master Meter.