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.
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.
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.
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.
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’.
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.
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.
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.
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.
Messi or Ronaldo? Scrubbers or LNG?
Everyone has their own personal preference and many have very strong opinions for or against one or the other. What became clear at the recent FIFA World Cup was that perhaps the Messi or Ronaldo debate is now a matter for historians (who was the greatest?), while the future of footballing greatness may lie elsewhere. Similarly there are those who would argue that both scrubbers and LNG are simply perpetuating the use of fossil fuels and that the real long-term future of ship propulsion lies elsewhere. It’s unlikely this debate will be settled any time soon.
In the same week that the world cup was building up to France’s glorious victory last Sunday, the intersessional working group (ISWG) meeting of the Sub-Committee on Pollution Prevention and Response (PPR) was meeting at the IMO headquarters in London. It was a very useful meeting which yielded some clear direction and resolution in a few areas. As an industry association we occasionally find ourselves in a situation where some of our members hold diametrically opposed views and/or contrary opinions on various matters.
Therefore, in what some have called a post-Truth society, we find it important to distinguish between matters of fact and opinions. It is inevitable that our members will occasionally have different opinions and also biases on important matters. However, the facts, once clearly established, must be presented and accepted as the facts regardless of which side of the debate one favours.
This is particularly important when it comes to seafarer and vessel safety. It was therefore a very welcome development that the confusion about whether the existing ISO 8217 marine fuel quality standard will cover fuel blends produced to meet the 0.5% sulphur limit has, hopefully, been cleared up at last week’s meeting at the International Maritime Organization.
Concerns about the safety of fuel blends complying with the upcoming 0.50% sulphur limit were on the agenda for the working group meeting, which was tasked with developing guidelines to support the consistent implementation of the 2020 sulphur limit.
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Ships that do not comply with the forthcoming 0.5% sulphur cap on fuel oil could be considered “unseaworthy”, invalidating charter parties and liability insurance cover.
Read more here: gCaptain
After Maersk and Klaveness, another carrier has optioned not to use scrubbers as a solution to meet the requirements of 2020 IMO’s global sulphur cap. According to CEO Rolf Habben Jansen, Hapag-Lloyd is not leaning toward scrubbers. However, LNG is a possibility.
Read more here: ShippingWatch
Recently LNG has been adopted for container vessels such as from French shipowner CMA CGM or MAN. Paul Fanning raises the question if these announcements represent a game-changing moment for LNG as it is adopted by the container ship industry.
Read more here: Marine Propulsion