Chinese oil major Sinopec on Wednesday (5 June) said it will produce 10 million metric tonnes (mt) and 15 million mt of low-sulphur marine fuel oil (LSFO) respectively in 2020 and 2023.
By January 1, 2020, Sinopec will offer vessels LSFO marine fuel at Zhoushan and other China major ports, in addition to more than 50 foreign ports including Singapore.
The development is the result of a 2017-launched research and development project for LSFO production from ten Sinopec refineries located at Shanghai, Jinling and Hainan; the oil facilities have already started LSFO production earlier this year.
Further, the Great Wall Lubricating Oil Company, a sub-brand of Sinopec, has launched auxiliary products to compliment Sinopec’s LSFO marine fuel; the product has obtained OEM certification from international marine diesel engine manufacturers.
“Reduction of shipping emissions is one of the key factors in the Blue Sky Protection Campaign,” said Lv Dapeng, the spokesman of Sinopec.
“The production and supply of low-sulphur marine fuel oil is a green initiative that benefits the whole world and requires concerted global action.”
Related: Sinopec to provide marine fuels and bunkering at Hambantota
Related: Sinopec 0.5% LSFO bunker heads to maritime institute for trial tests
Related: Shanghai Petrochemical starts LSFO marine fuel production
Related: Sinopec to supply IMO 2020 compliant bunkers from deadline
Related: Sinopec prepares refinery for 2020 IMO rule
Photo credit: Sinopec
Published: 6 May, 2019
Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Maureen Poh, a Director of Helmsman LLC, offers plain practical tips on the differences between US and EU Sanctions and shares some thoughts on what companies could do if they are potentially exposed to sanctioned entities.