OPEC+ agrees largest ever oil output cut of 9.7 million bpd

OPEC agreed to cut oil output by a record 9.7 million barrels per day, about 10% of global supply, for the months of May and June, followed by another agreement of extending the duration of the proposed 1.5 million barrel per day cut until the end of 2020, instead of 30th of June 2020.

Specifically, according to the new agreement, OPEC+ will experience a cut by eight million barrels per day to the end of 2020 and six million barrels per day till end of April 2022. It aims to support the oil...


EU marks record in its LNG imports for 2019

According to the European Commission’s latest gas market report, the EU member states paid around 16.2 million euros for the 108 billion cubic meters of liquefied natural gas they imported last year. Specifically, EU managed to import the highest volume of LNG for 2019.

In fact, last year’s LNG imports marked a record of 48 billion cubic meters, up by 75% in comparison to 2018, as they were mainly boosted due to the lower prices and weaker demand in Asia.

For the records, this is the highest LNG...


The case of ammonia as a marine fuel

During the 2020 SAFETY4SEA Limassol Forum, Dr. John Kokarakis, Vice President Technology & Business Development, Bureau Veritas, discussed ammonia as a potential solution for carbon-free shipping. During his presentation, Dr. Kokarakis presented the advantages of ammonia on the one hand, and the challenges on the other, adding that difficulties around ammonia can be controlled by technical and regulatory options.

The hot question of today is if the ammonia is a feasible solution for carbon-free...


VTT focuses on bio and waste-based oils for ships

VTT Technical Research Centre of Finland along with several collaborators are exploring how fuel oils made from biomass and waste plastics can be suitable for power plants and ship diesel engines. Through their research, partners aim to determine the most ecologically and economically sustainable ways for fossil fuels’ replacement.

Our goal is to find the most ecologically and economically sustainable way to replace fossil heavy fuel oil in ship and power plant diesel engines.

…Anja Oasmaa,...


[FAQ] Excessive Liner Wear While Using the New VLSFO Fuels

Recently Viswa Group had published a detailed analysis of liner wear issues that shippers witnessed using new VLSFO fuels. Now, they have furthers clarified the situation with some added facts and questions and answers.

Be sure of this when you use the new VLSFO blends. Read the previous white paper articles here

Excessive Liner Wear While Using New VLSFO Fuels!

Excessive Liner Wear While Using the New VLSFO Fuels

What is the effect of fuel characteristics on liner wear and scuffing issue?



Steel cutting for the world’s largest LNG ro-ro vessel

China-based Yantai CIMC Raffles Shipyard has cut the first steel for a new LNG-powered roll-on/roll-off (RoRo) vessel ordered by Swedish shipping company Wallenius SOL.

Specifically, the vessel is planned to be delivered in August 2021, and is the world’s first RoRo ship to be both LNG fueled and have an ice class 1A Super.

It was designed by Wallenius Marine in collaboration with Danish shipbuilder Knud E. Hansen to handle the tough, sometimes Arctic, conditions in the Gulf of Bothnia.

During the...


Partners to study hydrogen as an alternative for Singapore

To capture the opportunities offered by low-carbon alternatives, five Singapore and two Japanese companies signed a Memorandum of Understanding (MoU) to study how hydrogen as a low-carbon alternative can contribute to a clean and sustainable energy future for Singapore.

Under the MOU, PSA Corporation Limited (PSA), Jurong Port Pte Ltd (Jurong Port), City Gas Pte Ltd, Sembcorp Industries Ltd, Singapore LNG Corporation Pte Ltd, Chiyoda Corporation (Chiyoda) and Mitsubishi Corporation (Mitsubishi)...


Watch: Stena Bulk tests biofuel on MR tanker

During the coming weeks Stena Bulk will perform a test running on an MR tanker on 100% biofuel. The fuel is the MR1-100 bio-fuel oil, produced from used cooking oil and supplied by GoodFuels in Rotterdam.

The fuel has been bunkered onto the Stena Immortal and will be used to power the main engine in normal operations to test and prove the technical and operational feasibility.

By doing this test we want to contribute to push the industry and pave way towards more sustainable shipping. We want to...