Fuel surcharges that are being introduced to pass the cost of 2020 compliance to the customer could be reduced by making use of technologies that optimise fuel consumption, claims FuelSave. Maersk and Mediterranean Shipping Company are two companies that announced earlier this year that they are implementing emergency bunker surcharges to combat the increasing price...
There is a lingering uncertainty over the ability for low-sulphur fuel oil (LSFO), scrubbers, and liquefied natural gas (LNG) to meet the IMO’s 0.5 per cent sulphur cap, which enters into force in 15 months’ time, reveals a white paper produced by Sea Asia. The report confirms that scrubbers, LNG fuel, and LSFO will be...
LNG provider Skangas has joined SEA\LNG, a multi-sector industry coalition aiming to accelerate the adoption of liquefied natural gas (LNG) as a marine fuel. Skangas will be the 34th member to join the coalition. The company will provide LNG supply and infrastructure expertise in support of SEA\LNG’s vision to create a competitive global LNG value...
A Whitaker Tankers’ vessel has joined the World Fuel Services (WFS) operated fleet to boost the European bunker supply network. The 3,100 DWT product tanker, Whitstar, owned by Whitaker Tankers, was deployed in early September to operate along the east and south coast with the task of servicing UK terminals. The vessel was built in...
ExxonMobil, supplier of marine fuels and lubricants, is to join the Oil and Gas Climate Initiative (OGCI), a voluntary initiative that works to reduce the impact of oil and gas operations on climate change. The OGCI consists of 13 of the world’s largest oil and gas producers. ExxonMobil will expand its investment in research and...
Singapore-based technology company Ascenz has launched a tool to improve bunker supply operations using machine-learning. The Shipulse Smart Bunkering tool rates and scores mass flowmeter (MFM) bunker supply operations, automatically analysing various bunker profiles at the same time and displaying overall efficiency. Abnormalities in bunkering operations are highlighted, providing the opportunity for those involved in...
President and CEO of Japanese shipping company “K” Line, Eizo Murakami, has confirmed the company will comply with the IMO’s 2020 global 0.5 per cent sulphur cap on a ship-by-ship basis. Mr Murakami said that “K” Line cannot limit itself to one particular measure and will consider the use of low-sulphur fuel, scrubbers, and conversion...
The availability and installation capacity of marine scrubbers will be insufficient to meet the projected surplus of heavy sulphur fuel oil (HFO) in 2020 as the IMO’s 0.5 per cent sulphur cap enters into force. According to energy and commodity price consultancy, Argus Media, scrubber orders and installations have rapidly increased over the last six...
Kyushu Electric Power, Saibu Gas, Chugoku Electric Power, and Nippon Yusen Kabushiki Kaisha have signed a Memorandum of Understanding (MoU) to discuss the commercialisation of a new business that would supply liquefied natural gas (LNG) to ships in western Japan. The demand for LNG is increasing as shipowners and operators face a cap of 0.5...
2020 World Fuel Services (WFS) has announced an investment at its current supply location in Falmouth, UK, to upgrade facilities and introduce a new supply vessel. WFS currently stores and supplies marine diesel and fuel oil from the Falmouth terminal, which sits at the start of the European Emission Control Area (ECA) zone. WFS supplies...
The European Shippers’ Council (ESC) has raised concerns regarding the Emergency Bunker Surcharge by carriers that took effect June on 1, 2018. The surcharge is an additional fee charged to the shipper and has been introduced following the rise on bunker fuel prices. However, the ESC and its members are worried that this new surcharge...