NEWS UPDATE 6 JULY – 4 Great stories to read

FUJAIRAH DATA: Refined product stocks drop most since April to seven-week low – Bunkerworld

“Economies are picking up so the consumption is there,” said Malek Azizeh, commercial director of Fujairah Oil Terminal. https://www.bunkerworld.com/news/157422

Idemitsu Plant Raises VSLFO Output – Ship and Bunker

Demand for high sulfur fuel oil from Japanese ship operators remains small post IMO2020

https://shipandbunker.com/news/apac/171237-idemitsu-plant-raises-vslfo-outputhttps://shipandbunker.com/news/apac/171237-idemitsu-plant-raises-vslfo-output

South Korea declares local SECAs – Ship Insight and Dry Bulk

The Republic of Korea (South Korea) is the latest country to announce the designation of national sulfur emission control areas, which will enter into force on 1 September 2020.

The national South Korean sulfur restrictions will apply to the following six ports, and a national sulphur emission control area has been defined for each port

https://shipinsight.com/articles/south-korea-declares-local-secas

https://www.drybulkmagazine.com/shipping/03072020/republic-of-korea-implements-national-sulfur-emission-control-area/

RPT-Marine fuel market facing tougher Q3 as supply rises

* VLSFO market weighed down by rising supplies, weak demand

* Global fuel oil supply to increase 620,000 bpd in Q3 -analyst

* Bunker demand to remain depressed in Q3

https://www.reuters.com/article/global-oil-shipping-idUSL4N2EA2FU

Hong Kong Shipping Gazette  News hksg.com Read the full article below:

Cosco about to complete planned scrubber installations

CHINA’s Cosco Shipping Lines (Cosco) is about to complete scrubber installations, a plan that was announced in 2019.

Three vessels owned by China Shipping Container Lines (CSCL) before Cosco acquired the group as part of the government’s move to consolidate state-owned companies, CSCL Mercury, CSCL Jupiter and CSCL Saturn, 14,000 TEU sister container ships, arrived in the Liuheng yard of Cosco Shipping Heavy Industry (Zhoushan), on June 14, 2020.

The ships are the last of 10 vessels that Cosco earmarked in 2019 for scrubber retrofits, which usually take 15 to 30 days, depending on the size of the vessel, reports Container News, Jacksonville.

The scrubbers are provided by Finnish firm Valmet, which has four production units and three service centres in China. Scrubber-fitted ships can continue burning, cheaper, high-sulphur fuel oil and comply with the International Maritime Organization’s emission regulations that became effective this year.

The scrubber system delivery for Cosco Shipping Lines will include a tailor-made open-loop scrubber system for main engine and generator engines including auxiliary systems and automation.

In its 2019 financial report, the shipping line said that as at the end of the year, scrubber installations were completed on seven of the ships. The retrofitting schedules were planned according to the route and refuelling ports of the ships, as Zhoushan is a major bunkering port in China.