VLSFO

Total Renews VLSFO Commitment To Maintain Clients’ Customized Solutions

In a major development, Total has announced that they want to maintain ‘flexibility’ either sourcing directly from its refineries or blending heavy fuel oil and distillates to help its clients navigate the transition. Keeping this in mind, TOTAL’S marine fuels unit is gearing up for an expected six-month-long, low-sulphur transition starting from this October, says an article published in the Lloyd List.

LSFO Bunkering To Be Meaningful 

Total Marine Fuels Global Solutions global sales and...

http://mfame.guru/total-renews-vlsfo-commitment-to-maintain-clients-customized-solutions/

Measures to transition to IMO 2020 to Accelerate in Q3

Measures to transition to the International Maritime Organization’s 2020 global sulfur limit rule will gain momentum during the third quarter, reports Global Platts.

Switch to VLSFO

Timothy Cosulich, CEO of Italy- based Fratelli Cosulich said that, this occurs as majority of shipowners and operators make the switch to very low sulfur fuel oil, with scrubbers likely to account for only about 5% of the world fleet and 10%-15% of the bunker fuel mix in early 2020, at an industry event.

There also...

http://mfame.guru/measures-to-transition-to-imo-2020-to-accelerate-in-q3/

Will Euronav’s IMO 2020 Strategy Prove Prescient ?

Euronav claims “second mover advantage” in developing a strategy that effectively removes its fleet from any post-IMO 2020 fuelling chaos, reports Riviera Maritime Media.

Euronav’s LSFO transition

Euronav held a conference call on 5 September 2019 for investors and analysts, to explain its strategy regarding disruption to its activities during the IMO 2020 low sulphur fuel transition on 1 January 2020.

As a public limited company, the management must show shareholders it is assessing and...

http://mfame.guru/will-euronavs-imo-2020-strategy-prove-prescient/

Diesel Prices Witness a Marked Increase as IMO2020 Approaches

  • Fuel switching due to IMO 2020 will drive a large and sudden shift in demand for diesel in shipping.
  • Fitch predicts the move to MGO is due to the cost, compatibility and regulatory issues associated with conversion to low sulphur fuel oil blends and the installation of scrubbers.
  • Fitch’s report did not account for the price increases, but anticipates a “spike” in the general cost of diesel due to the maritime rules.

Diesel prices will could increase dramatically due to upcoming implementation...

http://mfame.guru/diesel-prices-witness-a-marked-increase-as-imo2020-approaches/

Maersk Plans To Sign An MoU To Develop Eco-friendly Fuel in Rotterdam

  • Copenhagen, Denmark/Rotterdam, The Netherlands, Maersk Oil Trading and Koole Terminals have planned to sign an agreement.
  • The agreements plan to produce IMO 2020-compliant bunker fuel at the PID unit located at Koole’s Botlek site in the heart of the Port of Rotterdam.
  • Annual production is expected to cover 5-10% of Maersk’s annual fuel demand.

Copenhagen, Denmark/Rotterdam, The Netherlands, Maersk Oil Trading and Koole Terminals announced the signing of an agreement to produce IMO...

http://mfame.guru/maersk-plans-to-sign-mou-to-develop-eco-friendly-fuel-in-rotterdam/

Hellenic Petroleum Proposes VLSFO Ahead of IMO2020

  • Greek refiner Hellenic is targeting November for first supplies of IMO 2020 compliant bunker fuel.
  • HELPE refining system will be ready on time to cover the Greek bunkering market with the new type of fuel.

IMO2020 grade fuel will be supplied to the market in time, by Greek refiner Hellenic Petroleum, for the sulfur cap rule change from the start of the year, reports Ship & Bunker.

Bunkering demand to be met

Hellenic Petroleum said it will be able to meet demand from the Greek bunkering market,...

http://mfame.guru/hellenic-petroleum-proposes-vlsfo-ahead-of-imo2020/

Texas Storage Operator Now in Compliant Marine Fuel Production Race

Texas storage operator launches own crude processing facility to produce low-sulfur marine fuels ahead of 2020, reports Reuters.

50,000 bpd of low sulphur

A U.S. Gulf Coast fuel storage operator is launching its own crude processing facility to make 50,000 barrels per day (bpd) of low-sulfur fuels beginning in 2020.

Texas International Terminals plans to operate its own crude distillation unit (CDU) at a site in Galveston, Texas, producing bunker and gasoil for affiliate GCC Bunkers, which will...

http://mfame.guru/texas-storage-operator-now-in-compliant-marine-fuel-production-race/

What Will Happen When IMO2020 Hits?

It’s all over but the shouting. That’s how John Kingston describes the oil market in his article published in the Freight Waves. 

It’s a perfect description of where the oil market stands – and by extension, the trucking and rail markets – as we await the introduction of IMO 2020 over the next few months.

Lot of Brain Power Analysing the Issue

We say “it’s all over but the shouting” because the market is at the point where the conferences have been held, various research agencies have produced...

http://mfame.guru/what-will-happen-when-imo2020-hits/

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