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:  22- 30 March

News Round Up: 22- 30 March

Shippingwatch: MSC accused of illegally carrying heavy diesel on board a ship

Container line MSC is accused by the United Arab Emirates of illegally carrying heavy diesel on board one of its ships that is only allowed to sail on low-sulfur fuel. MSC argues that the oil was to be used for a test. https://www.bunkerspot.com/global/50154-global-talusia-universal-lube-oil-receives-nol-from-wingd

 

Splash 24/7: Fuel price spread plummets to as low as $62 per tonne

Latest data from Ship&Bunker shows the average price spread between high and low sulphur fuel oil at the world’s 20 largest bunkering hubs stands at just $86 per tonne, putting scrubber investments into sharp focus. In some ports the figures are even more narrow with Fujairah having a price spread yesterday of just $64 per […] https://splash247.com/fuel-price-spread-plummets-to-as-low-as-62-per-tonne/

 

Lloyd’s Loading List: UAE bans MSC boxship for a year over sulphur cap violations

In what could be one of the first penalisations relating the HSFO carriage ban that came into effect earlier this month, the United Arab Emirates has banned an MSC containership and will take legal action against its master for violating the rules https://www.lloydsloadinglist.com/freight-directory/news/UAE-bans-MSC-boxship-for-a-year-over-sulphur-cap-violations/76202.htm

 

Bunkerspot: ASIA PACIFIC: Sinopec refinery begins VLSFO production

The Guangzhou refinery has delivered its first cargo of very low sulphur fuel oil.  https://www.bunkerspot.com/asia/50123-asia-pacific-sinopec-refinery-begins-vlsfo-production

Bunkerspot: GLOBAL: Talusia Universal lube oil receives NOL from WinGD

Total Lubmarine’s Talusia Universal (BN57) has received a No Objection Letter from WinGD for all fuels – liquid and gas – with a sulphur content between 0.00% – 1.50%. https://www.bunkerspot.com/global/50154-global-talusia-universal-lube-oil-receives-nol-from-wingd

 

Lloyd’s Loading List: IMO 2020 + Covid-19 = 0

Coronavirus-driven fall in oil prices has reversed the expected extra costs for container lines and their customers of this year’s new low-sulphur fuel rules, highlights Drewry Supply Chain Advisors https://www.lloydsloadinglist.com/freight-directory/news/IMO-2020-Covid-19-0/76220.htm

 

VPO: Effects of LSFO on cylinder condition shown 3 months after IMO 2020 implementation

The global 0.5 per cent sulphur cap has been in operation for nearly three months. The effects of low sulphur fuel oil (LSFO) and very low sulphur fuel oil (VLSFO) on cylinder condition compared with conventional high sulphur fuel oil (HSFO) are coming to light with preliminary field experiences showing issues associated with the fuel changeover. https://vpoglobal.com/2020/03/20/effects-of-lsfo-on-cylinder-condition-shown-3-months-after-imo-2020-implementation/

 

Ship Insight: Scrubber installation delays reported as 2020 looms

Ship Insight: Scrubber installation delays reported as 2020 looms

Shipowners planning to have scrubber installations on existing ships in time for the 1 January deadline may be disappointed recent developments suggest.

Analysts Alphatanker said in its latest report that ‘The past few weeks have seen a number of tonnage owners release statements indicating that their scrubber retrofitting programs were falling behind schedule. Notably, Diamond S Shipping has revealed that scrubbers on 3 of its Suezmaxes will not be fitted until 1Q20, from the original estimate of 4Q19. Meanwhile, a number of non-publicly listed companies have revealed to Alphatanker that certain Chinese yards are running behind schedule due to the longer-than-expected installation time of scrubbers.”

Continue reading.

#IMO2020 #Sulphur2020 #Sulfur2020

IMO looks set to introduce ban on ships carrying high-sulphur fuel

IMO looks set to introduce ban on ships carrying high-sulphur fuel

On 25 October The International Maritime Organization (IMO) will decide whether to ban the carriage of high-sulphur fuels, The Loadstar has learned.

Amendments to Marpol Annex VI were approved in April, during the Marine Environment Protection Committee (MEPC 72), and would prohibit the carriage of  fuels that don’t comply with the IMO’s 2020 low-sulphur regulations.

The amendments are expected to be formally implemented at this week’s MEPC 73.

In effect, this means any vessel carrying high-sulphur fuel oil (HSFO), such as the heavy fuel oil (HFO) containerships commonly burn, in special environmental zones would be considered to have breached the 2020 regulations.

A source told The Loadstar this would mean vessels would not be permitted to carry HSFO unless equipped with scrubber technology.

Trident Alliance chairman Roger Strevens told The Loadstar this would be a major step forward for health, environmental and fair competition interests.

It would make a powerful enforcement tool and send a clear signal of IMO’s commitment to the full implementation of the 2020 global 0.5% sulphur cap.

“The carriage ban strengthens the hand of enforcement because they would not have the burden of having to prove where or when a non-compliant fuel had been used,” said Mr Strevens. “Just the fact of the fuel being on the ship could be sufficient grounds to establish a breach had occurred.”

According to the International Bunker Industry Association (Ibia), a decision to adopt would mean the carriage ban would take effect on 1 March 2020, two months after the new regulations.

“A number of countries argued for deferring the carriage ban, due to uncertainty about the availability of compliant fuels and concerns about safety of the fuels on offer,” said Ibia.

Read the full article here

Bunker supplier licensing scheme mooted

Bunker supplier licensing scheme mooted

Licences for bunker suppliers might improve fuel quality as the shipping industry deals with the lower 0.5% sulfur content of fuel oil from the start of 2020, shipowners have suggested.

The proposal goes a step further than the required register of bunker suppliers that International Maritime Organisation (IMO) member states should maintain.

“Fuel oil fuel quality could be improved and the safety risks associated with poor quality fuel oil mitigated if member states implemented fuel oil supplier licensing schemes,” the shipowners said in a proposal to the IMO’s maritime safety committee as reported by maritime news provider Lloyd’s List.

Read the full article here