Crude oil and refined petroleum transportation firm Stena Bulk Tuesday signed an exhaust gas scrubber solution agreement with Chinese scrubber manufacturer Shanghai Bluesoul Environment Technology to equip its Suezmax and IMOIIMAX fleets.
In total, Stena Bulk will equip 15 vessels with ‘Open Loop Hybrid Ready with Water Cleaning’ scrubbers and have an additional 6 options for installation prior to 2020.
Bluesoul is the first Chinese enterprise to be awarded Lloyd’s Register Exhaust Gas Cleaning System Machinery General Design Appraisal as well as DNV GL and ABS AiP.
“By installing scrubbers, we will be well equipped to meet the 2020 regulation and are protected from price volatility as well as fuel shortage,” says Erik Hånell, President & CEO Stena Bulk.
“In relation to market developments, today’s market predictions are attractive in theory and currently seems to be so in practice too, despite there being a couple of parameters that remain uncertain.
“However, there are opportunities already available today to lock in some of the uncertainty, which might be appealing when looking for a more secure investment.
“We are very happy to be able to confirm this order with Bluesoul, which has performed very well in terms of quality compared with more reputable manufacturers.”
Photo credit: Stena Bulk
Published: 17 October, 2018
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.
‘We [Consort Bunkers] have the opinion that the bunker business in Singapore is not related to the widely reported earlier cargo commodity trading mishaps,’ company source tells Manifold Times.