Global multi-sector industry coalition SEA-LNG on Tuesday (25 August) published a snippet of its report “LNG-The only viable fuel” analysing why LNG continually proves to be a viable solution commercially and operationally to decarbonise shipping:
LNG AND THE PATHWAY TO SHIPPING INDUSTRY DECARBONISATION
The global shipping industry is facing a period of unprecedented change. Only last year ship-owners and operators were struggling with how to respond to the introduction of the IMO’s sulphur cap – a “once in a decade” challenge. Having successfully negotiated the SOx hurdle; the industry has scarcely had time to draw a breath as climate change has risen rapidly up the regulatory agenda. This change is both at the IMO, with the ongoing implementation of its Greenhouse Gas (GHG) Strategy, and on the European stage with the introduction of the far-reaching Green Deal. And on top of this, COVID-19 has caused a massive shock to the global economic system with unknown long-term consequences.
Not only is the regulatory landscape changing rapidly, but new technology developments are being announced almost every week. Academics and industry commentators are making claims for different decarbonisation pathways, and new industry coalitions are springing up like mushrooms. Too often the decarbonisation debate seems to descend into “my solution versus your solution”. The art of the possible or practical appears to be forgotten, especially in the area of international maritime operations and regulation.
The understandable response of the shipping industry to this confusing situation is to pause and assess.
A full copy of SEA-LNG’s report ‘LNG- The only viable fuel’ is available for download here.
Photo credit and source: SEA-LNG
Published: 26 August, 2020
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
‘MPA had immediately contacted the relevant bunker suppliers to take necessary steps to ensure that the relevant batch of fuel was no longer supplied. Further investigations are currently on-going,’ it informs.