The approaching global 0.50% sulphur cap for marine fuel effective 2020 will likely introduce issues for the global shipping sector, says the executive committee member of energy and commodities trading and distribution firm Vitol.
“It’s going to be more and more difficult to burn that fuel oil with more economies going to natural gas for power,” Chris Bake told Reuters.
“[Lower sulphur] marine gasoil has to build ahead of 2020. At the same time fuel oil will have to build because there is lack of demand but it’s difficult to figure out when that inflection point is,” he said.
A chance by the shipping industry to install scrubbers, which allow vessels to continue using cheaper fuel oil as a bunker fuel, has been missed, he says.
Photo credit: Vitol
Published: 26 February, 2018
IMO to be notified of marine fuel suppliers delivering bunkers which fail to meet SOLAS requirements.
The second of two ‘Outlook’ documents, report applies what ABS currently knows about existing and future fuels to project which energy source could be best suited for each trade lane.
Star Bulk expects average cost, including installation, to be below $2 million per vessel.
Industry will have to a make a choice between ISO 8754:2003 or the China proposed ISO 14596:2007.
January 2020 implementation date already was confirmed by IMO in October 2016, says spokesman.
Clarifies infringement of IMO 2020 Regulations will not necessarily be characterised as unseaworthiness.
‘We’ll start the application [to MPA] before the end of 2022 and hopefully to receive approval within six months or sooner,’ L. Y. Hwang, Director / General Manager of Oval Asia Pacific Pte Ltd, tells Manifold Times.
Digitalisation makes it easier for shipowners to conform to growing external regulations such as new sulphur regulations and ‘no scrubber’ zones; operators can identify better bunkering options to reduce costs.
Eventual adoption of Digital Bunker Document Standard speeds up interoperability between stakeholders from both public and private sectors, learns Singapore bunkering publication Manifold Times.
Rob Ashton, Market Manager of Infineum, explains how Infineum B402 is a relatively easy way for a ship operator to positively influence a vessel’s CII rating while improving its bunker fuel consumption performance.
Fifteen incidents of misappropriation of Shell gasoil worth USD 10,4 million went undetected by Shell between 2016 to 2017 due to Muhammad Ali Bin Muhammad Nor’s involvement, learned Manifold Times.
ISO delegates represented seven countries and were in Singapore to attend a three-day meeting of ISO WG13 to develop two new ISO bunkering standards, learns Singapore bunkering publication Manifold Times.
