Veritas Petroleum Services (VPS) has launched an ‘Additional Protection Service’ (APS) to help shipping companies navigate issues around 2020 fuel quality. APS will provide clients with information and support in increasing the level of damage prevention and asset protection of their vessels. VPS says that while ISO8217 offers a significant level of protection to fuel...
South Louisiana, USA, has announced plans to pursue a US $2.2 billion methanol complex in St.James Parish. Preliminary work began on the project last year. Formal construction could start later this year, subject to successful negotiations with a new joint venture partner, a Houston-based subsidiary of Saudi Arabia-based SABIC. South Louisiana Methanol and SABIC aim...
The Methanol Institute (MI) is backing a project at the Nanyang Technological University (NTU) of Singapore to evaluate methanol as a marine fuel in Asia. The first of the two-phase project includes desktop and bench-testing a methanol-powered engine in the GreenPilot program in Gothenburg, Sweden. The GreenPilot project aims to demonstrate the use of methanol...
The IMO’s bunker delivery note amendments relating to the supply of marine fuel to ships fitted with alternative mechanisms to address sulphur emission requirements entered into force on January 1, 2019. The amendment enters into force a year before the global 0.5 per cent sulphur cap. The amendments to the bunker delivery note are intended...
Intercontinental Exchange (ICE), operator of global exchanges and clearing houses and provider of data and listings services, has announced plans to launch new marine fuel 0.5 per cent futures contracts ahead of the IMO 2020 global sulphur cap. The new contracts are expected to launch on February 4, 2019, subject to completion of relevant regulatory...
Liquefied natural gas (LNG) powered cruise ship, AIDAnova has been delivered to AIDA Cruises by Meyer Werft Papenburg. The vessel is fitted with four low-emission dual fuel engines from Caterpillar and can operate 100 per cent on LNG both at sea and in port. According to AIDA, the vessel is equipped with an electric pod...
The world’s largest liquefied natural gas (LNG) bunker supply vessel has begun operating in Northwest Europe. The vessel Kairos is owned by Babcock Schulte Energy and is under charter to the Blue LNG joint venture. Blue LNG is 90 per cent owned by Hamburg-based Nauticor and Lithuanian energy infrastructure supplier KN. Mahinde Abeynaike, CEO, Nauticor,...
World Fuel Services (WFS) has announced a new US-based physical bunker supply operation. WFS in partnership with Harley Marine Companies – Pacific Terminal Services and Olympic Tug and Barge, will offer RMG 380 and MGO 0.1 per cent sulphur by dual product barge from mid-January. WFS will be operational in the Columbia River, servicing Portland...
BIMCO has published two sulphur content related bunker clauses relating to the 2020 sulphur fuel cap. The clauses are: BIMCO 2020 Marine Sulphur Content Clause for Time Charter Parties BIMCO 2020 Fuel Transition Clause for Time Charter Parties. They have been developed by a team comprised of owners, charterers, bunker suppliers, P&I clubs and legal...
ABS has signed a Memorandum of Understanding (MoU) with the Korea Marine Equipment Research Institute (KOMERI) to create a new facility dedicated to improving the safety of LNG as fuel. ABS and KOMERI will collaborate on research at the shoreside facility, which will allow shipowners to safely test fuel gas and bunkering systems, under actual...
DHT CEOs have confirmed the company is neither for nor against scrubbers but has taken the decision to retrofit two thirds of its VLCC fleet (16 vessels) with the technology as they feel this is the best way to position the company ahead of IMO 2020. Trygve P. Munthe and Svein Moxnes Harfjeld, Co-CEOs confirmed...
The ban of open-loop scrubbers in the port of Singapore is a victory, Mr Nikolas Tsakos, president and chief executive officer, Tsakos Energy Navigation (TEN) and INTERTANKO chairman has said. During a TEN Q3 2018 Earnings conference call, Mr Tsakos said that the 2020 sulphur cap is a refining problem, not a shipping one. He...