Fuels & Lubes

Sinopec’s First ‘Offshore Mobile Bunkering’ Station Sets Sail

Sinopec’s first “offshore mobile bunkering station”, bunkering vessel “Run Ji 1”, sets sails, reports Xinde Marine News.

Mobile bunkering station

Sinopec’s first “offshore mobile bunkering station”, bunkering vessel “Run Ji 1”, was put into operation on June 11.

It will provide low-sulfur heavy clean marine bunker oil and integrated ship services to international sailing ships.

Sinopec Fuel Oil supplies more than 10,000 ocean-going ships every year, and has the ability to supply all kinds of...

https://mfame.guru/sinopecs-first-offshore-mobile-bunkering-station-sets-sail/

Crude Exports To The US Sets New Record

Last month saw a record 5.75m barrels of Russian crude discharged in the US, with New York-headquartered commodities trackers ClipperData projecting a further record this month of 7.5m barrels, reports Splash 247.

Delivery details

The first delivery of light sour Varandey to the US Gulf Coast occurred back in February 2020 – after previously only having discharged at the Trainer refinery on the Atlantic Coast – and it has become a regular fixture with five consecutive months of deliveries to...

https://mfame.guru/crude-exports-to-the-us-sets-new-record/

Spin Test Effective in Identifying Stable VLSFOs & Bunker Fuels, Infineum

According to a recent article published in ManifoldTimes, selecting the most appropriate combination of tests to evaluate stability and compatibility over time is increasingly important in order to offer the most complete protection for ship operators writes Infineum Marine Fuel Additive Business Development Manager.

Stability issues being reported

The stability issues being reported regarding the use of very low sulphur marine fuels are often related to the fuels’ shelf life, which makes it...

Oil Prices Fall Amid Rising COVID-19 Infections in Asia

Oil prices fell on renewed demand concerns as coronavirus cases in Asia rise and on fears of rising inflation might lead the US Federal Reserve to raise interest rates, which could limit economic growth, reports ArabNews.

Oil price fall

Brent crude futures fell 73 cents, or 1.1 percent, to $67.98 a barrel at 0452 GMT. It settled 1.1 percent lower on Tuesday after briefly climbing above $70 earlier in the session.

US West Texas Intermediate (WTI) crude futures dropped 77 cents, or 1.2 percent, to...

https://mfame.guru/oil-prices-fall-amid-rising-covid-19-infections-in-asia/

Japan Working On Technology Innovation To Produce Methane

Japan is working on technology innovation to produce methane, seeking to expand the use of synthetic methane as the primary feedstock for domestic piped gas supplies and as a marine fuel Says a News Article Published On Argus Media on their Website.

Green Growth Strategy -Decarbonize by 2050

Premier Yoshihide Suga’s government yesterday drafted a revised “green growth strategy” aimed at meeting the country’s target to decarbonize by 2050. The strategy was originally released in December last year...

https://mfame.guru/japan-working-on-technology-innovation-to-produce-methane/

Asia Crude Oil: Key Market Indicators May 31-June 4

The Asian middle distillates complex is expected to continue to see the divergence in the week started May 30, reports Platts.

In the gasoil sector, industry sources said the demand recovery in Europe is likely to offset sluggish demand in Asia, while limitations to air travel because of pandemic-related restrictions would continue to weigh on the jet fuel/kerosene market.

Jet fuel/kerosene

The front-month June-July jet fuel/kerosene time spread remained steady day on the day at minus 25 cents/b...

https://mfame.guru/asia-crude-oil-key-market-indicators-may-31-june-4/

Itochu & Partners Ink MoU for Ammonia As a Marine Fuel in Singapore

Japan’s Itochu Corporation signed a memorandum of understanding with five companies to jointly study ammonia as a new marine fuel in Singapore, says a press release published on their website.

Similar MoU with Vopak

The company has already executed a similar MoU with Vopak in 2020, has struck a new agreement with Itochu Enex, Vopak, Pavilion Energy, Mitsui O.S.K. Lines (MOL) and Total Marine Fuels.

Other giants invited

Itochu noted that it has taken a major step into further development of the...

https://mfame.guru/itochu-partners-ink-mou-for-ammonia-as-a-marine-fuel-in-singapore/

[Podcast] China’s 2060 Climate Goals



China’s climate conundrum has become the most important aspect in today’s day to day life.  Carbon neutrality 2060 and its implications for fossil fuels is also given much importance as the stakeholders take adequate measures to ensure carbon neutrality.

Analyst Oceana Zhou along with Frip Yep and Matthew Boyle bring out the interesting features about this topic.

China and its lofty goals

China has laid out some lofty goals for its climate action. In September 2020, it pledged that it...

https://mfame.guru/podcast-chinas-2060-climate-goals/

Marine Fuel Sales in Q1 2021

Sales of traditional marine fuels at Rotterdam port marginally deceased by less than 1% on year during the first quarter of 2021, reports Manifold Times.

Marine fuels

Sales of traditional marine fuels, namely fuel oil, marine gas oil (MGO) and marine diesel oil (MDO), at Rotterdam port marginally deceased by less than 1% (exact: 0.87%) on year during the first quarter (Q1) of 2021, according to Port of Rotterdam Authority data.

Traditional marine fuels

Traditional marine fuels during Q1 2020...

https://mfame.guru/marine-fuel-sales-in-q1-2021/

DNV Grants AiP for LNG Fuel Tank Insulation With Leak Detection System

  • DNV developed a new concept for prismatic ‘type B’ LNG tanks.
  • According to IMO rules, it is required for partial secondary barrier – to avoid leakage in fuel tanks.

DNV has granted an Approval In Principle (AIP) to PASSER Marine for the development of a new LNG fuel tank insulation system, says an article published in DNV.

PASSER Marine COO’s Comments

“The system they had developed was cost-effective and production-friendly,” said Svein Konradsen, COO of PASSER Marine AS.

“The pandemic has been...

https://mfame.guru/dnv-grants-aip-for-lng-fuel-tank-insulation-with-leak-detection-system/

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