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low sulphur fuel regulations
China Tax Changes Unlikely to Boost Marine Fuel Supply Until Q2
By Roslan Khasawneh and Muyu Xu SINGAPORE, Jan 23 (Reuters) – Chinese oil refiners are unlikely to boost their output of cleaner marine fuels until at least the second quarter of 2020 because they will need to upgrade their facilities, even after the government granted tax waivers to boost output....
Fuel Spread Narrows in Singapore as Low Sulphur Fuel Prices Drop
The price of low sulphur fuel oil has dropped steeply in recent weeks at the bunkering hub of Singapore in a sign that the bunker market is stabilizing following the implementation of IMO 2020 sulphur cap, according to BIMCO. Prices of low sulphur fuel rose in December as shipowners transitioned to...
Suez Canal OKs HFO and Bans Use of Open-Loop Scrubbers
By Mike Wackett (The Loadstar) – Despite the recent introduction of low-sulphur regulations, the Suez Canal Authority (SCA) will continue to allow ships transiting the waterway to burn heavy fuel oil (HFO) without the need for scrubbers. Adding to the confusion for ship managers is a ban by the SCA...
Rising Prices Show Tighter Supplies of Cleaner Fuel for Global Shipping
By Stephanie Kelly and Collin Eaton NEW YORK, Jan 9 (Reuters) – The price of very low-sulfur fuel oil has risen in recent months, a sign of increasing worry there is not enough of the fuel to comply with new global shipping laws that took effect this year, market participants said. Very low-sulfur...
Iceland Bans Use of Heavy Fuel Oil in Its Waters
Iceland is moving to ban the use of heavy fuel oil as the Nordic island nation looks to clean up air quality in and around its coastal areas. The new regulation was issued this month as an amendment to existing regulations by Iceland’s Ministry for the Environment and Natural Resources. The...
China’s Sinopec Plans 100-Barge Fleet to Ship 2020-Compliant Fuel -Source
By Chen Aizhu SINGAPORE, Nov 13 (Reuters) – China’s Sinopec Corp plans to build a fleet of 100 barges over the next three years to supply marine fuel compliant with new global emission standards, said a Chinese shipping executive with direct knowledge of the matter. In what would be one of the top...
Euronav Picks Malaysia Port for Low Sulphur Fuel Hub
By Roslan Khasawneh KUALA LUMPUR, Nov 12 (Reuters) – Belgian tanker operator Euronav signed a service agreement on Tuesday making Malaysia’s Linggi Port its supply base providing low-sulphur marine fuels and other services for ships plying East-of-Suez routes, the port operator said. “Linggi has a...
New Low-Sulphur Marine Fuel Trade Begins in Singapore
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Ships Set to Burn Raw Crude Oil to Beat New Clean Fuel Rules
By Jack Wittels and Alex Longley (Bloomberg) –For almost three years, the oil industry has been puzzling over how to supply merchant ships with fuel that will meet tough new environmental standards. Turns out part of the solution was sitting in the ground and under ocean floors all the while: crude...