MGO

Safety Warning Issued About Flexible Hose Installations

Credit: Borderpolar Photographer/Unsplash

As the UK MAIB describes in its latest Safety Digest, a potential fire hazards from flexible hose installations identified following a fire on board the cargo ship, says an article published on safety4sea.

Suffered serious damage

On 19 September 2021, a fire broke out in the auxiliary engine room on board the Finland registered roll-on/roll-off cargo ship Finnmaster while departing Hull, England.

The fire was contained and subsequently extinguished without...

https://mfame.guru/safety-warning-issued-about-flexible-hose-installations/

Pilot Projects Important For Maritime Decarbonisation

Credits: Scott Tobin/ Unsplash
The Maritime Technologies Forum (MTF) has released a comprehensive assessment to compare the feasibility and readiness of alternative marine fuels, says an article published on Milrelation.
Eight categories
The heatmap report from MTF assesses the level of current readiness of fossil LNG, biomethanol and green ammonia compared to fossil MGO.
The assessment applied MTF’s Framework for Assessing Decarbonization Technologies and Alternative Energy Carriers to fossil...

https://mfame.guru/pilot-projects-important-for-maritime-decarbonisation/

Singapore’s Bunker Sales Grow For Second-Consecutive Month

Credit: Korie Jenkins Unsplash

According to preliminary figures from the Maritime and Port Authority of Singapore, Singapore’s total bunker sales reached their highest levels this year, says an article published on Engine.

Average stem size

A total of 3,299 vessels arrived for bunker calls in November, which was lower than 3,431 vessels in October. But the average stem size was about 86 mt larger than in October, at 1,324 mt.

Total VLSFO sales

VLSFO sales increased by 6% in November. But total VLSFO...

https://mfame.guru/singapores-bunker-sales-grow-for-second-consecutive-month/

New fleet of MGO-fueled tugs will feature onboard carbon capture

Two Netherlands-based companies are to carry out a conceptual design study for a new fleet of MGO-fueled tugs that will be fitted with an onboard carbon capture system.

Dutch containership will be fitted with CO2 capture and storage solution

The tugs are to be built for Carbon Collectors, which aims to collect carbon captured from shoreside industry and transport it by barge to be injected into depleted offshore gas fields. The MGO-fueled tugs would be fitted with the Filtree scrubber solution...

https://www.marinelog.com/technology/new-fleet-of-mgo-fueled-tugs-will-feature-onboard-carbon-capture/

Impact of $70+ Oil on Containers, Tankers & Dry Bulk Transport

The price of Brent crude topped $72 per barrel Thursday, with West Texas Intermediate above $70. As the price of oil goes, so goes the price of marine fuel and that means higher costs for ship operators, and in the case of the container sector, more fuel surcharges passed along to cargo shippers, reports Freight Waves.

Higher bunker (marine fuel) costs affect different shipping segments differently. American Shipper looked at each segment, and for a broader perspective on where pricing will go...

https://mfame.guru/impact-of-70-oil-on-containers-tankers-dry-bulk-transport/

No Significant Changes In Bunker Prices On June 08, MABUX

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO, and MGO in the main world hubs) continued irregular changes on June 07.

MABUX ARA LNG Bunker Index

The average price of LNG as a marine fuel in the ARA region, increased significantly on June 8: 633.88 USD / MT (+38.69 USD). The MABUX LNG Bunkering Index exceeds the cost of MGO LS in the port of Rotterdam by USD 67.88 (566 USD/MT as of June 07), the difference in price increased by USD 79 compared to June 07).

MABUX MBP...

https://mfame.guru/no-significant-changes-in-bunker-prices-on-june-08-mabux/

The Transition to VLSFO

Twenty-one months ago seems an eternity given the challenges the world now faces yet the writer clearly recalls sitting on a trading floor and hearing excited chatter that enquiries were being received for VLSFO. The writer has to say he gave a little sigh of relief to think that buyers were indeed proactively planning for what many of us will ultimately define as one of the biggest challenges within the industry and our careers, the IMO 2020 changeover, reports Integr8 Fuels.`

Short term...

https://mfame.guru/the-transition-to-vlsfo/

The Future Of LNG As A Marine Fuel

Today, LNG-fuelled vessels amount to approximately 13% of the current newbuild order book and estimates for 2021 and beyond show continuing growth in many classes of vessels, reports The Maritime Executive.

Reducing the carbon footprint 

Importantly, 2020 also saw the first uses of bio-LNG by deep-sea ocean vessels, thereby reducing the carbon footprints of these vessels.

The reasons for this expansion are clear. Ports and cities around the world are beginning to take the threat of air pollution...

https://mfame.guru/the-future-of-lng-as-a-marine-fuel/

Better Results Expected for the Global Bunker Market in 2021

  • The World Bunker Index MABUX displayed irregular fluctuations over a week due to COVID-19 pandemic’s spread related worries.
  • Border closures & shutdowns continue to constrain fuel demand.
  • 380 HSFO index fell from 367.25 USD/MT to 365.95 USD/ MT (-1.30 USD), 
  • VLSFO added 1.00 USD: from 461.00 USD/MT to 462.00 USD/MT while 
  • MGO gained 2.25 USD and changed from 515.58 USD/MT up to 517.83 USD/MT. 

The COVID-19 pandemic’s spread is taking center stage again and markets are getting increasingly...

https://mfame.guru/better-results-expected-for-the-global-bunker-market-in-2021/

Collapsed Marine Fuel Prices Rebounds

One year ago — which seems like an eternity ago — no one in ocean shipping was talking about COVID. They were talking, ad nauseum, about fuel. About a massive spike in fuel prices due to a regulatory “tsunami” that would hammer liner companies’ 2020 financial results, inflate the cost of imported goods and steer winners and losers among shipping stocks, says an article published in freight waves.

Trend in Prices

It didn’t happen, courtesy of COVID. Instead, the price of marine fuel collapsed....

https://mfame.guru/collapsed-marine-fuel-prices-rebounds/

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