heavy fuel oil

Shipping Industry Must Stop Using Heavy Fuel Oil Fast

Credit: evangelos-mpikakis-5i2F7avw8DI-unsplash

Global Shipping Is under Pressure to Stop Its Heavy Fuel Oil Use Fast—That’s Not Simple, but Changes Are Coming, states a news UTK source.

Driver of climate change

Most of the clothing and gadgets you buy in stores today were once in shipping containers, sailing across the ocean. Ships carry over 80% of the world’s traded goods. But they have a problem – the majority of them burn heavy sulfur fuel oil, which is a driver of climate change.

While cargo...

https://mfame.guru/shipping-industry-must-stop-using-heavy-fuel-oil-fast/

Solvang sees CCS and HFO as shipping’s greenest option

Norwegian ship operator Solvang ASA sees on-board carbon capture and storage (CCS) as potentially “the big game changer” in meeting shipping’s decarbonization goals.

Currently there is no working technology for shipboard CCS, and deep-sea transportation has no access to the amount of e-fuel necessary to replace conventional fuel oil, HFO/LSFO.

Solvang says it’s about to change that.

The company has spent 20 years optimizing engine operation, emission cleaning and exhaust recirculation to benchmark...

https://www.marinelog.com/legal-safety/environment/solvang-sees-ccs-and-hfo-as-shippings-greenest-option/

NGOs Urge IMO to Cut Black Carbon Emissions in The Arctic

Non-governmental organisations are calling on the IMO to seize the chance to immediately reduce climate-warming emissions of black carbon from ships currently using heavy fuel oil in the Arctic by switching them to cleaner distillate fuels, reports offshore energy.

As explained, the switch would ensure a cut by some 44%.

PPR 8

The calls coincide with the start of the virtual five-day meeting of the International Maritime Organization’s Pollution Prevention and Response Sub-Committee (PPR 8).

“Manda...

https://mfame.guru/ngos-urge-imo-to-cut-black-carbon-emissions-in-the-arctic/

No sympathy for carriers from shippers who must foot the bill for bunker hikes

Higher fuel costs are triggering increases in ocean carrier bunker surcharges, adding more misery for shippers already struggling with record high freight rates and additional fees.
Today’s price for low-sulphur fuel oil (LSFO) at Rotterdam is just under $500 per ton, which is up 25% since the beginning of the year and some 60% higher than in November.
And carriers are busy resetting their fuel increase recovery mechanisms, effective today or from …

The post No sympathy for carriers from...

https://theloadstar.com/no-sympathy-for-carriers-from-shippers-who-must-foot-the-bill-for-bunker-hikes/

Supply chain radar: The drama unfolds – spare a thought for the shippers

For a raft of investors, the most pressing question in 2021 so far has been how long the new container shipping supercycle would last, but for the trade it’s different.
For many freight buyers, the start of the year was characterised by the surprise news that the Saudi government had indicated higher fuel costs might be on the way.
Just before the announcement – good timing! – Premium wrote: “Ocean freight randomness – the skeleton …

The post Supply chain radar: The drama unfolds – spare a...

https://theloadstar.com/supply-chain-radar-the-drama-unfolds-spare-a-thought-for-the-shippers/

World leaders commit to 100% sustainable ocean management; shipping and ports targeted for decarbonisation

Pictured: an aerial view of the Great Barrier Reef; Photo Carles Rabada from Unsplash

Leaders from 14 countries, including Australia’s Prime Minister, Scott Morrison, and heavyweight-countries such as Indonesia, Japan and Mexico, have set out an ocean action agenda. The 14 countries form the “The High Level Panel for a Sustainable Ocean Economy” (the Ocean Panel).

The Ocean Panel has committed to sustainably manage 100% of the ocean area under their national jurisdiction by 2025. That’s an area...

https://shippingaustralia.com.au/world-leaders-commit-to-100-sustainable-ocean-management-shipping-and-ports-targeted-for-decarbonisation/

Shipper relief as ocean carriers finally scrap low-sulphur surcharges

Ocean carriers are officially scrapping the low-sulphur fuel surcharges introduced last year to mitigate the impact of the 1 January IMO 0.5% sulphur cap regulations on marine fuel.
Maintaining low-sulphur surcharges as fuel prices plunged has been a bone of contention for shippers, who have criticised carriers for being slow to ditch the additional fee.
In a customer advisory on Tuesday, CMA CGM said its LSS20 (low-sulphur surcharge) in place since 1 …

The post Shipper relief as ocean carriers...

https://theloadstar.com/shipper-relief-as-ocean-carriers-finally-scrap-low-sulphur-surcharges/

[FAQ] Killer Facts About HFO Which Highlights Its Disastrous Nature

Engine room

Heavy Fuel Oil has been in the news again over the past 8 days since a Japanese bulk freight carrier on the coral reefs of the Indian Ocean Island of Mauritius started leaking Heavy Fuel Oil into its crystal clear waters on 6 August 2020 but what is it in the heavy fuels that make it so disastrous, the Forbes Writer, Nishan Dignarian tries to find out.

As the full magnitude of the unfolding disaster in the Indian Ocean becomes clearer, could this be a wake-up call to international shipping and...

https://mfame.guru/faq-killer-facts-about-hfo-which-highlights-its-disastrous-nature/

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