LuminUltra, the microbial monitoring specialist, has highlighted important concerns over the quality of some compliant fuels as the shipping industry gears up towards meeting the International Maritime Organization’s sulphur cap, which enters into force in January.
Commenting on the blending of biodiesel with HSFO and distillates, which go towards reducing the amount of SOx emitted during the combustion process, Patrick Taylor, LuminUltra’s newly appointed Director of Global Business...
With its revised formula for Maya crude, Pemex may have replaced volatility in high sulfur fuel oil with swings in sweet-sour spreads as the main challenge in setting its monthly Official Selling Price for its crude exports, reports Platts.
IMO 2020 Sulphur capWith the IMO’s 0.5% cap on sulfur for marine fuels fast approaching, Mexico’s state-owned oil company was under pressure to revise its long-standing crude formula to reduce exposure to refined products with falling demand.
The legacy Maya...
http://mfame.guru/pemex-replaces-hsfo-with-swings-in-sweet-sour-spreads/
Shipowners Chembulk Tankers and American Roll-On Roll-Off Carrier (ARC) say they are prepared for bunkering 0.5pc sulphur fuel oil, reports Argus Media.
Argus Fuel Oil SummitThe two shipping companies outlined different approaches when procuring 0.5pc sulphur bunkers in talks at the Argus Fuel Oil Summit in Miami, Florida.
American Roll-On Roll-Off has a term contract in Antwerp, its primary fueling port, for the purchase of 0.5pc fuel oil through the first half of 2020 at about $70-$80/t...
Singapore’s Keppel Offshore & Marine (Keppel O&M) has received 100 scrubber orders to-date as it continues to see more enquiries ahead of IMO 2020, Seatrade Maritime News.
Scrubber installation in large numbers“Our yards completed 47 scrubber and ballast water treatment system retrofit contracts in the first nine months of 2019 worth over SGD80m ($58.6m), as shipowners strive to meet the IMO 2020 and IMO Ballast Water Management Convention regulations,” commented Loh Chin Hua, ceo of Keppel...
http://mfame.guru/keppel-rounds-off-its-scrubber-installations-to-100/
Viva Energy Australia Pty Ltd (“Viva Energy“) has announced the launch of its new very low sulphur fuel oil (VLSFO), developed to meet the International Maritime Organisation’s (IMO) new regulations on fuel sulphur content, according to their website.
IMO Sulphur capThe new regulations will limit the sulphur content in marine fuels to 0.5% from the current level of 3.5%, in a move to reduce sulphur oxide emissions globally. Vessels worldwide will be required to comply by 1 January 2020.
The...
http://mfame.guru/viva-energy-launches-new-vlsfo-abiding-imo-standards/
Valero expects gasoline and diesel cracks to maintain in the fourth quarter the upward momentum seen at the end of the third quarter as the IMO 2020 deadline nears, reports Platts and Reuters.
IMO regulatory standards“We expect to see continued product strength with inventories at lower levels and sour crude weakness resulting from the IMO low-sulfur fuel oil mandate, which goes into effect on January 1, 2020,” Chief Executive Joe Gorder said in a statement.
U.S. refiners have been revamping...
Short period (3-5 months) and two-laden-leg fixtures have dried up in the Atlantic dry bulk markets, as shipowners seek to minimize risk ahead of the January 1 implementation date of the IMO 2020 sulfur regulations, reports Platts.
No to time charterAccording to shipbroker sources, owners are reluctant to fix dry bulk ships on time charter for less than one year, or for two-laden legs trips that require redelivery close to the new year.
A shipbroker source commented, “It’s almost impossible to...
http://mfame.guru/imo2020-a-dry-spell-for-short-term-fixtures/
Fresh concerns have been raised over the liner industry’s ability to recoup the increased fuel costs from IMO 2020, reports the Loadstar.
Good news and Cautious newsMcKinsey partner Steve Saxon said there was “some good and some cautious news” for carriers in the run up to 1 January, when the new low-sulphur fuel regulation kicks in.
“The good news is there will be sufficient supply of low-sulphur fuel oil (LSFO),” he told delegates at the TPM Asia conference in Shenzhen last week.
“There will be...
http://mfame.guru/imo2020-disquietude-regarding-oil-price-spike/
According to Wood Mackenzie Research Director, a switch to cleaner marine fuels in the shipping industry from next year would create more than a million barrels per day (bpd) of incremental demand for marine gasoil, reports Reuters.
IMO Sulphur capNew regulations from the International Maritime Organization (IMO) will require shippers to reduce the sulphur content in fuels used in their vessels starting from Jan. 1, 2020, and one way to do that is to switch to low-sulphur gasoil.
“There will be a...
http://mfame.guru/global-sulphur-cap-demand-for-marine-gasoil-builds-up/
BNP Paribas’ Nicolas Parrot warns the global shipping industry has just a few months to comply with new air quality rules and wonders if the sector is ready to navigate and finance a more sustainable future, reports Business Green.
IMO Regulations: Check on Sulphur emissionsAs the world’s climate emergency enters unchartered waters, industries are being forced to adapt quickly. The new IMO regulations prompt a need for shippers to slash their sulphur emissions by an estimated nine million tons...
http://mfame.guru/is-the-shipping-sector-ready-for-a-sustainable-future/