Independent commodity trading and logistics house Trafigura is planning to install scrubbers on 32 newbuild oil and product tankers, reports Reuters.
The vessels are scheduled for delivery from the fourth quarter of 2018 (Q42018) to 2019.
“The first vessels will be delivered in October this year. All will be equipped with scrubbers,” said the company in an email statement.
International Maritime Organization (IMO) rules state all vessels will need to use 0.5% sulphur limit marine fuel, or implement appropriate measures to meet lower emissions equal to the consumption of such fuels, from 2020 onwards.
Vessels sailing within international waters currently need to meet the 3.5% sulphur limit under IMO rules.
Source: Reuters
Photo credit: Trafigura
Publication date: 27 March, 2018
Builds refinery using Eni Slurry Technology to convert refining residues into high quality light products.
IMO2020 sulphur compliance, among other uses, for two new drones along with specialised equipment.
Service helps medium and larger Beneficial Cargo Owners better understand fuel cost exposure.
While VLSFO seems to be stabilising, report cautions industry as consequences from off-spec VLSFOs are much more serious than HSFO.
No reason why IMO should not quickly agree on low hanging fruit such as speed optimisation measures.
‘We believe that it is essential to segregate transparently the burden of fuel costs,’ it says in release.
‘Generally, you have to heat VLSFOs to prevent waxing, but the more you heat them the lower the shelf life is going to be,’ Dr Malcolm Cooper, the Group Managing Director of VPS, tells Manifold Times.
Current low prices for road and aviation fuels in September could mean another increase of flashpoint off-spec cases for MGO when players start introducing the products back into the bunker stream.
Some bunker suppliers at various ports have even achieved their sales target for the year; the trend doesn't seem to be slowing down and suppliers are expecting a boom during end of September.
The company has entered a memorandum of agreement with Millenium Satu Ltd to acquire the 7,550 dwt oil tanker to increase service flexibility; vessel will be paid over an installment period of 36 months.
Deloitte & Touche JMs believe IPP has a viable claim against Dr Goh Jin Hian for breaches of his director’s duties to act with skill, care and diligence which he owned to IPP, states court document.
An earlier MPA notice outlined precautionary measures for personnel to observe when conducting marine refuelling operations at port in order to minimise the risk of contracting Covid-19.
