South Korea refiner S-Oil believes the upcoming 2020 regulation of a low sulphur cap for marine fuel will provide refiners with demand and increased margins for higher quality products, provided investment be made now.
“In the next year, the market fundamental will be continuously supportive amid a lack of new capacities,” it said in a recent earnings statement.
“And upcoming implementation of regulation regarding marine bunker fuel will boost the margin for complex refineries.”
Since 2015, the company has invested a total of KRW 4.8 trillion ($448 million) to upgrade the quality of fuel from its residual fuel oil and olefin units; these improvements are expected to be commissioned in the first half of 2018.
S-Oil recorded operating income of KRW 1.5 billion in 2017, lower than operating income of KRW 1.6 billion in 2016.
Published: 30 January, 2018
Glander International Bunkering (Norway) AS seeking payment of USD 115,963.52 (not including contractual compensation and interests) from the vessel’s demise charterer, according to court documents.
“In TotalEnergies, we already have projects along the e-Fuel value chain, from green electricity and green / blue hydrogen to e-Fuel production that will be integrated along the marine fuels value chain in time to come,” shares Louise Tricoire.
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.