The Korea Shipbuilders' Association will be introducing the Korea GHG Reduction Response Research Council on Wednesday (16 May) as a response to an International Maritime Organization (IMO) greenhouse gas (GHG) reduction deadline, reports Asiae.
The IMO at MEPC 72 decided upon an emission reduction pathway of ‘at least’ 50% on 2008 levels by 2050, with a strong emphasis on increasing the cut towards 100% by 2050 if this can be shown to be possible.
The newly formed council will study the application of using alternative fuels such as hydrogen and fuel cells for vessels constructed Korea’s shipbuilding industry.
“The goal of the International Maritime Organization's reduction of greenhouse gas emissions [by 2050] is expected to have a greater impact on the shipping and shipbuilding industry than the regulation on the sulphur content of marine fuel oil to be applied from 2020,” said Hyun Taek Lim.
Photo credit: POSCO
Published: 16 May, 2018
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
A blend of standard MGO and biodiesel, MGO B20 is distributed at the company’s floating kiosk CNC 5 which is located off the buoy of West Coast Pier; PS Energy has been stamped with globally recognised ISCC.