News Round Up 01 June 2020

News Round Up 01 June 2020

Bunkerspot: GLOBAL: The Bunkerspot Debate – 2020: expectations, realities – and black swans

The first online free-to-access Bunkerspot Debate is today available to view. In this discussion, four leading maritime lawyers – Beth Bradley of Hill Dickinson, Harald Søndergaard of Hafnia Law Firm, Andrew Preston of Preston Turnbull and Steve Simms of Simms Showers – give their expert insights on IMO 2020, bunker claims, sanctions, force majeure, and the impact of COVID-19 on the marine fuel and shipping industries.

The online Bunkerspot Legal Debate is the first in a series of focused debates which will look at key trends and developments in the marine fuel sector from an operational, commercial and technical point of view.

https://www.bunkerspot.com/global/50575-global-the-bunkerspot-debate-2020-expectations-realities-and-black-swans#

Bunkerspot: EUROPE: EC publishes first annual report on shipping’s CO2 emissions

During the first reporting year of 2018, 11,600 ships submitted fuel consumption data and were responsible for 138 million tonnes of CO2 emissions in the European Economic Area – with containerships proving to be the largest emitters, accounting for 18% of the monitored fleet and 30% of total CO2 emissions.

https://www.bunkerspot.com/europe/50573-europe-ec-publishes-first-annual-report-on-shipping-s-co2-emissions

Bunkerspot: EUROPE: Danish companies team up to develop sustainable fuels for road, maritime and air transport in Copenhagen area

A.P. Moller – Maersk, Copenhagen Airports, DSV Panalpina, DFDS, SAS and Ørsted have joined forces to develop an ‘industrial-scale’ facility to produce sustainable fuels for road, maritime and air transport in the Copenhagen area.

In a statement issued today (26 May), the companies said that the hydrogen and e-fuel production facility could be ready ‘as soon as 2023’ and when ‘fully scaled-up by 2030’, it could ‘deliver more than 250,000 tonnes of sustainable fuel for buses, trucks, maritime vessels, and airplanes every year’.

https://www.bunkerspot.com/europe/50570-europe-danish-companies-team-up-to-develop-sustainable-fuels-for-road-maritime-and-air-transport-in-copenhagen-area#

Bunkerspot: GLOBAL: Wärtsilä upgrades FuelFlex ICU to deal with low sulphur fuels

Wärtsilä has launched a FuelFlex Injection Control Unit (ICU) upgrading solution to meet the requirements of operating its RT-flex type two-stroke diesel engines with both residual and low-viscosity marine fuels.

In a statement issued yesterday (245 May), Wärtsilä said that the upgrade was ‘particularly relevant in view of the industry’s increasing use of low-sulphur-content fuels in order to be compliant with sulphur emission regulations’.

https://www.bunkerspot.com/global/50568-global-waertsilae-upgrades-fuelflex-icu-to-deal-with-low-sulphur-fuels

Bunkerspot: GLOBAL: ExxonMobil introduces next-generation multi-fuel marine cylinder oil, Mobilgard 540 X

Mobilgard 540 X, which has been formulated for use with 0.10% and 0.50% sulphur fuels – and LNG – will be available at global ports from June this year.

Announcing the launch of Mobilgard 540 X, ExxonMobil said its low base number (BN) formulation had passed stringent fit-for-use testing in newer engine designs. The product is also the first cylinder oil to be gas-validated by WinGD.

https://www.bunkerspot.com/europe/50570-europe-danish-companies-team-up-to-develop-sustainable-fuels-for-road-maritime-and-air-transport-in-copenhagen-area#

Bunkerspot: GLOBAL: Gazpromneft Q1 revenues down, but refining volumes up

Russia’s Gazpromnneft reported revenues of RUB515 billion for the first quarter (Q1) of 2020, down from RUB614 billion last year, but its refining volumes were up more than 3% to 10.3 million tonnes – and this included increased production of IMO 2020-compliant very low sulphur fuel oil (VLSFO).

https://www.bunkerspot.com/global/50601-global-gazpromneft-q1-revenues-down-but-refining-volumes-up

Bunkerspot: EUROPE: Portsmouth International Port to pilot smart energy system

Portsmouth International Port is part of a Port Energy Systems Optimisation (PESO) project, co-funded by Innovate UK, which is intended to reduce carbon emissions and facilitate the electrification of port operations.

https://www.bunkerspot.com/europe/50605-europe-portsmouth-international-port-to-pilot-smart-energy-system

Bunkerspot: ASIA PACIFIC: Shanghai exchange to test LSFO futures trading

The Shanghai International Energy Exchange is to undertake a ‘mock test’ of Low Sulphur Fuel Oil futures trading between 1-12 June.

https://www.bunkerspot.com/asia/50612-asia-pacific-shanghai-ine-to-test-lsfo-futures-trading

Bunkerspot: EUROPE: Norway proposes funding for ‘green recovery’ initiatives

The Norwegian government has outlined proposals for a NOK 3.6 billion strategy to cut industry GHG emissions, which could encompass battery technology, hydrogen and green shipping projects.

https://www.bunkerspot.com/europe/50614-europe-norway-proposes-funding-for-green-recovery-initiatives

VPO: British Ports Association calls for boost in shore power to decarbonise shipping

The British Ports Association has issued a new report, “Reducing Emissions from Shipping in Ports: Examining the Barriers to Shore Power,” calling for the UK government to boost its support for shore power connections as a viable tool for meeting its net zero carbon emissions targets.

The report suggests that this cannot be done without public investment. The Association urges a zero-emission berth standard that would help create more certainty around investments in emissions reductions technologies.

https://vpoglobal.com/2020/05/29/british-ports-association-calls-for-boost-in-shore-power-to-decarbonise-shipping/

VPO: Lubrizol joins the Getting to Zero Coalition

The Lubrizol Corporation has become the first lubricant additive technology supplier to join the Getting to Zero Coalition.

The Getting to Zero Coalition is an international group currently endorsed by 14 governments and composed of more than 100 organisations. It aims to drive the development of commercially viable, zero-emissions deep-sea ships by 2030. This partnership between the Global Maritime Forum, the World Economic Forum and Friends of Ocean Action boasts leading shipowners, ports, technology providers and fuel companies as well as academic and research institutions.

https://vpoglobal.com/2020/05/28/lubrizol-joins-the-getting-to-zero-coalition/

VPO: Finnlines continues EUR 500M green vessel programme

Finnish ship operator Finnlines is investing EUR 500 million to deploy ultra-green vessels as part of the company’s strategy to reduce fuel consumption and harmful emissions.

The new ro-ro vessels will be built with the latest technology available to ensure the lowest CO2 emissions. They will be equipped with lithium-ion battery systems that enable zero-emission operations in port. The first ro-ro vessel is expected to start operation as early as next year, and the other two in 2022.

https://vpoglobal.com/2020/05/29/finnlines-continues-eur-500m-green-vessel-programme/

Ship & Bunker: Star Bulk Sees Gains From Scrubber Spread Hedging             

Dry Bulk Firm Star Bulk, one of the shipping companies most committed to scrubbers in the run-up to IMO 2020, has set out the details of a hedging programme that has gone some way to protect the company from the declining profitability of the system this year.

https://shipandbunker.com/news/world/298024-star-bulk-sees-gains-from-scrubber-spread-hedging

Ship & Bunker: Argentinian Bunker Sales Gained 70% in First Quarter

Bunker sales at Argentina’s ports jumped by 70% in the first quarter from the same period a year earlier, according to the Argentinian Petroleum and Gas Institute.

https://shipandbunker.com/news/am/984081-argentinian-bunker-sales-gained-70-in-first-quarter

Ship & Bunker: SDE International Sees Singapore’s 2020 Bunker Demand Holding Steady

Singapore may be able to hold onto its 2019 bunker sales volumes this year despite the effect of the COVID-19 pandemic, according to consultancy SDE International.

https://shipandbunker.com/news/apac/939913-sde-international-sees-singapores-2020-bunker-demand-holding-steady

Ship & Bunker: VPS Reports Sharp Decline in Non-Compliant VLSFO Samples

Disputes over the sulfur content of new IMO 2020-compliant fuel blends are likely to be declining, with fewer fuels now tested as being over the new 0.50% sulfur limit, according to testing company VPS.

https://shipandbunker.com/news/world/242513-vps-reports-sharp-decline-in-non-compliant-vlsfo-samples

 

News Round Up 25 May 2020

News Round Up 25 May 2020

Lloyd’s Loading List: Freight market turbulence set to continue all year, says DSV chief

Freight markets will see significant turbulence in the coming months with volatile rate readjustments likely in the air and ocean sectors as coronavirus lockdowns are eased and demand slowly recovers, according to Jens Bjørn Andersen, CEO of DSV Panalpina.

https://www.lloydsloadinglist.com/freight-directory/news/Freight-market-turbulence-set-to-continue-all-year-says-DSV-chief/76612.htm

Bunkerspot: ASIA PACIFIC: Straits Inter Logistics records 159.3% surge in annual revenue

Announcing revenue of RM663.2 million for FY 2019, Malaysia’s Straits Inter Logistics attributed much of the rise to an increase in demand for high sulphur fuel oil and the start of VLSFO supply.

https://www.bunkerspot.com/asia/50556-asia-pacific-straits-inter-logistics-records-159-3-surge-in-annual-profits

Bunkerspot: EUROPE: ‘Varied picture’ for Port of Antwerp’s 2020 freight volumes

The coronavirus impacted on freight throughput at the Port of Antwerp in April, but volumes were still up 0.4% overall during the first four months of 2020 compared with the same period last year.

https://www.bunkerspot.com/news-archive?view=article&id=50561:europe-varied-picture-for-port-of-antwerp-s-2020-freight-volumes&catid=11

Bunkerspot: ASIA PACIFIC: New bunker tanker now operating in Fremantle

BP Marine and ASP Ships Group have announced that the Absolute I, a 8,646 DWT tanker capable of carrying three grades of fuel, is now making bunker deliveries in Fremantle, Kwinana and at the local anchorages.

The Absolute I, which was launched in October 2019 and delivered into Fremantle in April, replaces the smaller vessel Vacamonte. The tanker made its first bunker delivery to the bulk carrier ASL Fortune at the Fremantle/Kwinana anchorage on 23 April.

https://www.bunkerspot.com/news-archive?view=article&id=50530:asia-pacific-new-bunker-tanker-now-operating-in-fremantle&catid=10

Bunkerspot: GLOBAL: SEA\LNG issues response to Climate Bond Initiative’s Green Bond criteria

Highlighting marine LNG’s role as a ‘crucial tool’ in helping to achieve climate ambitions, the industry coalition says that the recently announced proposed criteria for Green Bond certification of low carbon shipping financing, ‘leans towards being technology prescriptive rather than goal oriented; a precarious strategic approach to a highly complex international challenge’.

https://www.bunkerspot.com/news-archive?view=article&id=50542:global-sea-lng-issues-response-to-climate-bond-initiative-s-green-bond-criteria&catid=14

Ship & bunker: Distillate Demand by 7% Over Year: IEA

The first quarter demand picture for refined oil products shows jet fuel losing the biggest chunk of compared to the same quarter last year.

https://shipandbunker.com/news/world/102661-distillate-demand-down-by-7-over-year-iea

Ship & bunker: Woodside Petroleum to Alter Vincent Crude to Target VLSFO Market

Australian energy company Woodside Petroleum plans to alter the quality of its Vincent crude oil to make it suitable as a blending component for very low sulfur fuel oil (VLSFO), according to news agency Reuters.

The company plans to shut off the Cimatti field in Western Australia to raise the average flash point of the Vincent blend, Reuters reported Thursday.

https://shipandbunker.com/news/apac/737931-woodside-petroleum-to-alter-vincent-crude-to-target-vlsfo-market

Ship & Bunker: Classification Societies Clash on 2050 Bunker Demand Outlook

Two leading classification societies, DNV and the American Bureau of Shipping (ABS), have come up with two starkly different visions for how bunker demand might develop in the coming decades – highlighting widespread uncertainty over how the alternative fuels landscape is set to develop.

https://shipandbunker.com/news/world/616381-classification-societies-clash-on-2050-bunker-demand-outlook

Ship & bunker: Rosneft Starts VLSFO Production at Syzran Refinery

Russian energy producer Rosneft has started production of very low sulfur fuel oil (VLSFO) at its Syzran refinery in the south-west of the country, the company said Thursday.

The company started production of the fuel in early 2020, it said in a statement on its website.

https://shipandbunker.com/news/world/703366-rosneft-starts-vlsfo-production-at-syzran-refinery

News Update – 18 May 2020

News Update – 18 May 2020

Ship and Bunker: INTERVIEW: The Falling Cost of Biofuel – Now a “Commercially and Technically Viable” Alternative to Fossil Bunkers

The price of GHG-footprint reducing biofuels has declined to the extent where they should now be considered both a commercially and technically viable alternative to conventional bunkers, even as the price of oil slumps to multi-year-lows, according to supplier GoodFuels.

https://shipandbunker.com/news/world/939386-interview-the-falling-cost-of-biofuel-now-a-commercially-and-technically-viable-alternative-to-fossil-bunkers

Chinadialogue Ocean: China enters a new low-sulphur shipping era

Establishing emission control areas has prepared China for global sulphur restrictions, but challenges remain

https://chinadialogueocean.net/13818-china-enters-a-new-low-sulphur-shipping-era/

Bunkerspot: Spain marks significant upswing in LNG bunkering operations

A total of 185 LNG bunkering operations have been carried out in Spanish ports up to the end of April this year, with volumes doubling to 47,615 cubic metres (cbm) compared to the same period last year.

The growth in the development of the Spanish LNG bunkering market has been strong in the past few year. According to statistics provided by the European Commission’s CORE LNGas hive initiative, in 2019, a total of 195 LNG bunkering operations were carried out, over a three-fold increase from the 60 gas fuel deliveries undertaken in 2018.

https://www.bunkerspot.com/europe/50502-europe-spain-marks-significant-upswing-in-lng-bunkering-operations

Bunkerspot: DNV GL: Hydrogen taking ‘a primary position’ in decarbonisation efforts

A new report from DNV GL has indicated that hydrogen has ‘surged up the priority list’ of many energy organisations, taking a ‘primary position’ in the sector’s decarbonisation efforts.

More than half (52%) of senior oil and gas professionals expect hydrogen to be ‘a significant part of the energy mix by 2030’, said DNV GL, and a fifth (21%) of industry leaders say their companies have already entered the hydrogen market.

https://www.bunkerspot.com/global/50503-global-dnv-gl-hydrogen-taking-a-primary-position-in-decarbonisation-efforts

Bunkerspot: GLOBAL Seaspan using Alfa Laval solution to resolve LSFO issues

Seaspan Ship Management has chosen Alfa Laval to help resolve steam balance and redundancy issues associated with the use of sulphur-compliant marine fuels.

https://www.bunkerspot.com/global/50501-global-seaspan-using-alfa-laval-solution-to-resolve-lsfo-issues

Bunkerspot: IEA: oil supply set for ‘spectacular’ fall in May to hit nine-year low

The International Energy Agency’s monthly Oil Market Report, published today (14 May), says the peak decline for global refining activity has shifted to May, with refinery storage bottlenecks starting to multiply at the beginning of the month as refineries in Europe, Asia and Africa halted production due to falling energy demand.

https://www.bunkerspot.com/global/50500-global-iea-oil-supply-set-for-spectacular-fall-in-may-to-hit-nine-year-low

Bunkerspot: DNV GL launches pilot phase of FuelBoss LNG bunkering platform

‘Feedback from suppliers has been very positive and we expect to have at least 10 suppliers on FuelBoss before the pilot phase ends, covering both Europe, Asia and North America’ DNV GL’s Martin Wold tells Bunkerspot.

https://www.bunkerspot.com/global/50513-global-dnv-gl-launches-pilot-phase-of-fuelboss-lng-bunkering-platform

Bunkerspot: GLOBAL: VPS publishes white paper on engine protection for VLSFO’s

During an investigation into the impact of the new very low sulphur fuel oils (VLSFO) on cylinder oils, VPS identified over 40 vessels suffering major engine damage since starting to bunker VLSFO.

https://www.bunkerspot.com/global/50506-global-vps-publishes-white-paper-on-engine-protection-for-vlsfos

Bunkerspot: ASIA PACIFIC: Port of Qingdao marks first VLCC bunker delivery; outlines VLSFO supply ambitions

A Sinopec barge, An Shen 5, bunkered the New Vista very large crude carrier (VLCC) with 1,600 metric tonnes of very low sulphur fuel oil on 11 May.

https://www.bunkerspot.com/asia/50510-asia-pacific-port-of-qingdao-marks-first-vlcc-bunker-delivery-outlines-vlsfo-supply-ambitions

Fathom.world: Wärtsilä Fuel Efficiency Boost will reduce fuel consumption and greenhouse gas emissions for KOTC VLCC’s

Press Release: The technology group Wärtsilä has been contracted to upgrade the performance of four vessels owned by Kuwait Oil Tanker Company (KOTC), a subsidiary of Kuwait Petroleum Company (KPC), by retrofitting the Wärtsilä Fuel Efficiency Boost solution to the ships’ main engines. The modification will reduce fuel consumption, and correspondingly lessen the environmental impact by lowering greenhouse gas emission levels. The order with Wärtsilä was placed in the first quarter of 2020. KOTC and other major ship owners who have taken a proactive approach towards environmental protection have been actively looking for ways to reduce their fuel consumption and carbon footprint, thus paving the way for them to reduce greenhouse gas emissions. As a result, the Wärtsilä Fuel Efficiency Boost initiative has attracted considerable interest, and similar orders from other large shipping companies have been placed in recent months.

https://fathom.world/wartsila-fuel-efficiency-boost-will-reduce-fuel-consumption-and-greenhouse-gas-emissions-for-kotc-vlccs/

Fathom.world: New report shows large potential for energy optimization with a payback of less than 3 years

Press Release: In a project, under Green Ship of the Future, 20 partner organizations have identified potential double-digited savings through retrofittable solutions with an ROI of less than 3 years.

In the Retrofit Series project, which began in 2019, Green Ship of the Future and 20 partners examine the potential for energy optimizing existing vessels, and thereby reducing their fuel consumption and CO2 emissions. The report shows potential achievable savings of up to 27% through technology that are available today and can be retrofitted with an ROI of less than 3 years. In addition, the report points to some general areas, which based on the case studies of three different vessels, show potential for large energy savings.

https://fathom.world/new-report-shows-large-potential-for-energy-optimization-with-a-payback-of-less-than-3-years/

Fathom.world: Integrated Alfa Laval Aalborg steam solution supports sulphur-compliant fuel use by Seaspan Ship Management

Press Release: Seaspan Ship Management has selected Alfa Laval to help resolve steam balance and redundancy issues connected to sulphur-compliant fuels. The comprehensive solution – an integrated steam boiler plant comprising oil-fired steam production, waste heat recovery, advanced control and connectivity – will soon be implemented on eight Seaspan owned large container ships.

https://fathom.world/integrated-alfa-laval-aalborg-steam-solution-supports-sulphur-compliant-fuel-use-by-seaspan-ship-management/

Fathom.world: Hartmann orders ME-LGIP engines for LPG tankers

MAN Energy Solutions has won the contract to supply individual MAN B&W ME-LGIP (Liquid Gas Injection Propane) dual-fuel engines to 3 × 5,000-m3 LPG tankers currently under construction by CIMC-SOE (CIMC Sinopacific Offshore & Engineering Co., Ltd.) in Shanghai for Hartmann Gas Carrier, the German shipping company.

https://fathom.world/hartmann-orders-me-lgip-engines-for-lpg-tankers/

VPO: Double digit fuel savings possible using existing technology, finds study

Green Ship of the Future (GSF) and its 20 partner organisations have identified that fuel savings of up to 27 per cent could be achieved by using existing technologies that have an ROI of less than 3 years.

In the retrofit series project, which began in 2019, Green Ship of the Future and its 20 partners examined the potential for optimising the energy consumption of existing vessels, and the impact on their fuel use and CO2 emissions. The results indicated that a 27 per cent cut in energy consumption was possible, using only technologies that are available today and can be retrofitted with an ROI of less than 3 years. The report also points to some general areas, which based on the case studies of three different vessels, show potential for large energy savings.

https://vpoglobal.com/2020/05/15/double-digit-fuel-savings-possible-using-existing-technology-finds-study/

VPO: Japan launches first LNG bunkering vessel

Japan’s first LNG bunker vessel (LBV) has been successfully launched at the Sakaide Works of Kawasaki Heavy Industries. The LBV is scheduled to be delivered at the end of September 2020 and will be the first LBV to be operated in Japan. 

https://vpoglobal.com/2020/05/15/japan-launches-first-lng-bunkering-vessel/

VPO: Coronavirus, coatings and carbon

Way back in January this year, a time that seems like it was generations ago, shipping was facing up to a global, existential challenge – reducing its carbon emissions and the global climate emergency. The fateful day of January 1, 2020 had come and gone with less disruption than many had anticipated, with generally widespread availability of low sulphur fuel to meet the IMO’s global sulphur cap requirements, and fewer violations than expected. For a few months, shipping’s attention had firmly switched from the issue of tackling sulphur to carbon, writes Catherine Austin, marketing & communications director, I-Tech AB and managing director of Blue-Green Marketing Consultants. 

https://vpoglobal.com/2020/05/15/coronavirus-coatings-and-carbon/

Ship and Bunker: Few ports wih VLSFO Availability Problems: Minerva Bunkering CEO

Minerva Bunkering now sees ‘very few# ports where the availability of low Sulphur fuel oil is a problem, according to its CEO.

https://shipandbunker.com/news/world/184956-few-ports-with-vlsfo-availability-problems-minerva-bunkering-ceo

News Round Up 04 May

News Round Up 04 May

Lloyd’s Loading List: Lines under pressure to cut ‘obsolete’ low sulphur surcharges

The crash in crude oil prices and consequent severe reduction in bunker costs is increasing calls from customers for savings to be passed on by carriers

https://www.lloydsloadinglist.com/freight-directory/adviceandinsight/Lines-under-pressure-to-cut-%E2%80%98obsolete%E2%80%99-low-sulphur-surcharges/76448.htm#.Xq_hVM3gpLN

Bunkerspot: AMERICAS: Panama Canal bunker volumes hold steady in March

New statistics published by the Panama Canal Authority (AMP) show a small monthly rise in total bunker sales, from 442,886 metric tonnes (mt) in February to 448,093 mt in March; there were increases in very low sulphur fuel oil and marine diesel oil volumes, but a dip in demand for high sulphur fuel oil.

https://www.bunkerspot.com/americas/50410-americas-panama-canal-bunker-volumes-hold-steady-in-march

VPO Global: LUKOIL shares lubricant experience 

LUKOIL Marine Lubricants has shared its experience of operating with NAVIGO MCL Extra (40BN) with very low sulphur fuel oil (VLSFO) for 100 days.

https://vpoglobal.com/2020/05/01/lukoil-shares-lubricant-experience-after-100-days-of-operation-on-vlsfo/

Bunkerspot: WFS sees 68% Q1 profit surge for bunker segment on lower volumes

World Fuel Services’ marine fuel business held up well in Q1 2020, showing a good degree of resilience amid the current market turmoil, but marine profits are expected to be ‘more meaningfully impacted’ in Q2 by the oil price slump and the coronavirus pandemic.

https://www.bunkerspot.com/news-archive?view=article&id=50422:global-wfs-sees-68-q1-profit-surge-for-bunker-segment-on-lower-volumes&catid=14

Bunkerspot: Rotterdam’s Q1 bunker volumes show solid upswing

In spite of falling global bunker demand in the first three months of the year due to the major slowdown in world trade flows as a result of coronavirus, Q1 2020 bunker volumes at the Port of Rotterdam showed a quarter-on-quarter gain to reach 2.37 million cubic metres (cbm) – the highest quarterly total since Q1 2018.

https://www.bunkerspot.com/news-archive?view=article&id=50415:europe-rotterdam-s-q1-bunker-volumes-show-solid-upswing&catid=11

Bunkerspot: Panama bunker volumes hold steady in March

New statistics published by the Panama Maritime Authority (AMP) show a small monthly rise in total bunker sales, from 442,886 metric tonnes (mt) in February to 448,093 mt in March; there were increases in very low sulphur fuel oil (VLSFO) and marine diesel oil (MDO) volumes, but a dip in demand for high sulphur fuel oil (HSFO).

https://www.bunkerspot.com/news-archive?view=article&id=50410:americas-panama-canal-bunker-volumes-hold-steady-in-march&catid=9

Bunkerspot: Lindsay-Blee and Master Fuel sign Colombia marketing and distribution deal

Lindsay‐Blee will exclusively market, sell and distribute marine fuel products in Colombia in partnership with Master Fuel SAS, including very low sulphur fuel oil (VLSFO), high sulphur fuel oil (HSFO) 380 cSt, and 0.10% sulphur marine gasoil (MGO).

https://www.bunkerspot.com/news-archive?view=article&id=50405:americas-lindsay-blee-and-master-fuel-sign-colombia-marketing-and-distribution-deal&catid=9

Bunkerspot: VPS highlights marine fuel storage monitoring service

The COVID-19 pandemic has reduced marine fuel demand which can result in extended bunker storage periods and heighten the risk of fuel quality deterioration.

Fuel testing agency VPS has pointed out that although longer-term storage of marine fuels is possible, it can increase the risk of fuel quality issues arising from temperature, stratification, fuel stability, catfine settling, waxing and microbial growth.

‘Heavy Fuel Oil (HFO), Very Low Sulphur Fuel Oil (VLSFO), Ultra Low Sulphur Fuel Oil (ULSFO) and Marine Gas Oil (MGO), all have different properties and formulations, which can be negatively affected due to longer-term storage,’ says VPS.

https://www.bunkerspot.com/news-archive?view=article&id=50398:global-vps-highlights-marine-fuel-storage-monitoring-service&catid=14

Splash 247: Aussies detain bulk carrier found to be carrying high sulphur fuel

The African Heron, a four-year-old 34,387 dwt bulk carrier belonging to the Amsterdam-based MUR Shipping, was detained in Geelong, Australia on Friday, found to be carrying fuel with Sulphur content above 0.5%.

https://splash247.com/aussies-detain-bulk-carrier-found-to-be-carrying-high-sulphur-fuel/

Ship and Bunker: IBIA, UK Chamber of Shipping Plan Autumn Bunker Event

Bunker Industry association International Bunker Industry Association (IBIA) and the UK Chamber of Shipping have teamed up to host a bunker conference in London in September.

The event, on September 29, will provide “a forum for advanced dialogue and exchange of experiences related to marine fuels, the implementation of the 2020 Sulphur Cap, safety implications, the market landscape and new advanced fuel products”, according to the organisers.

An agenda will released nearer the time and sponsorship deals are available.

https://shipandbunker.com/news/world/431581-ibia-uk-chamber-of-shipping-plan-autumn-bunker-event

Ship and Bunker: Chinese Ports Record Rising Bunker Spot Sales

Bunker sales at the Chinese port of Zhoushan rose by 25% to reach 348,500 metric tonnes (mt) in March from the previous month.

Spot Sales of low-sulphur bunker volumes in the port as reported to price reporting agency Argus Media were at a record high of nearly 49,000 mt in March, according to the agency.

https://shipandbunker.com/news/apac/663372-chinese-ports-record-rising-bunker-spot-sales

 

News Round Up – 27 April 2020

News Round Up – 27 April 2020

Seatrade: 31 Singapore-flagged vessels report scrubber malfunctions

Singapore-flagged vessels reported 31 scrubber malfunctions as of the end of February 2020.

Releasing figures on IMO 2020 compliance the Maritime & Port Authority of Singapore (MPA), which administers the Singapore Registry of Ships (SRS), said that of the “small number” of Singapore-flagged vessels fitted with scrubbers there were 31 reports of malfunctions as February 29 this year.

https://www.seatrade-maritime.com/ship-operations/31-singapore-flagged-vessels-report-scrubber-malfunctions

Bunkerspot: GLOBAL: Integr8 Fuels: HSFO will remain a feature of the bunker market

High sulphur fuel oil is going to be there for the long haul’ but sound market intelligence and close monitoring of avails and pricing levels will be required, says Steve Christy, Director of Strategic Communications at Integr8 Fuels.

https://www.bunkerspot.com/global/50353-global-integr8-fuels-hsfo-will-remain-a-feature-of-the-bunker-market

Bunkerspot: GLOBAL: VeriFuel releases Q1 2020 fuel quality statistics

Very low sulphur fuel oils accounted for 49% of samples tested by Bureau Veritas VeriFuel in the first quarter of 2020, with the percentage of VLSFOs meeting the 0.50% sulphur limit growing from just under 89% in January to over 95% in March.

https://www.bunkerspot.com/global/50369-global-verifuel-releases-q1-2020-fuel-quality-statistics

Bunkerspot: EUROPE: Southern European ports reflect narrowing high-low sulphur fuel price differential

Bunker prices in five key ports in Southern Europe are, by and large, mirroring the price trends seen at Rotterdam, but with some ports showing an even narrower price differential between high sulphur fuel oil and very low sulphur fuel oil than at the Northern European bunker hub.

https://www.bunkerspot.com/europe/50378-europe-southern-european-ports-reflect-narrowing-high-low-sulphur-fuel-price-differential

Lloyd’s Loading List: Lines under pressure to cut ‘obsolete’ low sulphur surcharges

The crash in crude oil prices and consequent severe reduction in bunker costs is increasing calls from customers for savings to be passed on by carriers

https://www.lloydsloadinglist.com/freight-directory/news/Lines-under-pressure-to-cut-%E2%80%98obsolete%E2%80%99-low-sulphur-surcharges/76435.htm

 

Daily Splash: Singapore detains two vessels for using non-compliant fuel

The Maritime and Port Authority of Singapore (MPA) has reported two vessel detentions for using non-compliant fuel in the first quarter to ensure the implementation of IMO 2020 sulphur regulations. According to the MPA, about 96% of the ships that arrived in the Port of Singapore used compliant fuel in the first quarter, excluding ships […]

https://splash247.com/singapore-detains-two-vessels-for-using-non-compliant-fuel/

Ship and Bunker: Scrubber Economics Under Pressure as Rotterdam HSFO Discount Narrows Below Key $50/MT Barrier

The discount for high Sulphur bunkers in Rotterdam has for the first time narrowed to under $50/mt, a level seen as an important psychological barrier for scrubber economics.

https://shipandbunker.com/news/emea/433053-scrubber-economics-under-pressure-as-rotterdam-hsfo-discount-narrows-below-key-50mt-barrier

Ship and Bunker: VLSFO Price Hits New Low, Bunker Costs Lowest Since 2016

The price of IMO 2020 compliant VLSFO bunkers in the four major bunkering hubs hit a new low Thursday alongside the continuing decline in the price of crude.

Ship & Bunkers Global 4 Ports (G4) index that tracks the average bunker prices across Singapore, Fujairah, Rotterdam and Houston, indicated the average VLSFO price Thursday fell to 235.50 $/mt – its lowest since records for VLSFO began in October last year.

https://shipandbunker.com/news/world/205725-vlsfo-price-hits-new-low-bunker-costs-lowest-since-2016

Ship and Bunker: TFG Marine to Join Singapore Bunker Market at Start of May

Global bunker supplier TFG Marine plans to join the Singapore bunker market at the start of May, after being awarded its license to operate in the world’s largest bunkering hub this week.

https://shipandbunker.com/news/apac/849963-tfg-marine-to-join-singapore-bunker-market-at-start-of-may

Freight Waves: Diesel’s price decline Tuesday was historic; crude’s fall sets another record

A day after crude oil trading on a major exchange turned negative, the price of ultra low sulfur diesel on the same exchange did something it hadn’t done in almost 30 years.

https://www.freightwaves.com/news/diesels-price-decline-tuesday-was-historic-crudes-fall-sets-another-record

Ship and Bunker: FEATURE: Rotterdam-Singapore Bunker Cargo Trade Collapses on IMO 2020 Changes

One of the less remarked-upon casualties of IMO 2020 so far has been the near-total collapse in the fuel oil cargo trade around Northwest Europe.

The high Sulphur fuel oil trade flow from Russia to Western Europe, and the on from the Amsterdam-Rotterdam-Amsterdam hub over to Singapore, used to be one of the mainstays of the bunker market.

https://shipandbunker.com/news/world/755801-feature-rotterdam-singapore-bunker-cargo-trade-collapses-on-imo-2020-changes

Ship and Bunker: Scrubber Retrofits Continue Despite Narrowing Price Advantage

Some container lines are persevering with scrubber retrofits despite the recent narrowing in high-sulfur fuel oil (HSFO) discounts that makes them look less profitable, according to shipping intelligence service Alphaliner.

https://shipandbunker.com/news/world/476322-scrubber-retrofits-continue-despite-narrowing-price-advantage

Bunkerspot: GLOBAL: VeriFuel releases Q1 2020 fuel quality statistics

Very low sulphur fuel oils (VLSFO) accounted for 49% of samples tested by Bureau Veritas VeriFuel in the first quarter of 2020, with the percentage of VLSFOs meeting the 0.50% sulphur limit growing from just under 89% in January to over 95% in March.

https://www.bunkerspot.com/global/50369-global-verifuel-releases-q1-2020-fuel-quality-statistics

Shippingwatch: Major oil fluctuations rub off on shipping lines’ fuel prices

The massive fluctuations in the oil price in recent days mean that the price of low-sulfur in the US on Wednesday was lower than that of high-sulfur fuel, notes shipping analyst Lars Jensen. Oil prices increase Thursday.

https://shippingwatch.com/carriers/Container/article12093913.ece

Seatrade: Bunker prices slip, high-low sulphur spread narrows to $56

Marine fuel prices have dropped significantly this week with the low sulphur grade nearing below $200 per metric tonne (pmt), narrowing its price differential with the high sulphur grade.

https://www.seatrade-maritime.com/bunkering/bunker-prices-slip-high-low-sulphur-spread-narrows-56

Heavylift: Clarity needed on bunker surcharges

Few could have predicted the rapid drop in marine bunker prices, or the differential between VLSFO and HFO narrowing so quickly, when the IMO’s sulphur 2020 regulations came into effect on January 1.

While shipping lines welcome the cheaper bunkers, the European Association for Forwarding, Transport, Logistics and Customs Services (Clecat) said that forwarders are yet to benefit from the 35 percent drop in fuel prices because of the one-to-two month lag in bunker fuel surcharge calculations.

Relaying the concerns of the European freight forwarding community, Willem van der Schalk, president of Clecat, said: “This gives rise to the suspicion that carriers are using the bunker adjustment factor (BAF) as a revenue-raising tool as well as a cost-recovery during the Covid-19 crisis.

“Whereas freight forwarders understand that carriers are facing increased costs to secure continuity of services, all other parties in the logistics supply chain are facing disruption and fall outs, not the least our clients, the shippers.”

The association is calling for greater transparency when it comes to fuel costs, especially as the supply chain tries to navigate these uncertain times.

https://www.heavyliftpfi.com/

Bunkerspot: EUROPE: Southern European ports reflect narrowing high-low sulphur fuel price differential

Bunker prices in five key ports in Southern Europe are, by and large, mirroring the price trends seen at Rotterdam, but with some ports showing an even narrower price differential between high sulphur fuel oil (HSFO) and very low sulphur fuel oil (VLSFO) than at the Northern European bunker hub.

https://www.bunkerspot.com/europe/50378-europe-southern-european-ports-reflect-narrowing-high-low-sulphur-fuel-price-differential