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.

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

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

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.

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.

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.

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.

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.

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.

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. 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. 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. 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. 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.

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.

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.

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.

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.

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

Open-loop scrubbers remain under scrutiny

Open-loop scrubbers remain under scrutiny

Singapore’s decision to ban the operation of open-loop scrubbers has not gone unnoticed by other regional marine authorities.

Australia’s Maritime Safety Authority (AMSA) has said that it is working with other coastal bodies over the “potential impacts” on water quality from open-loop units.

“AMSA understands that prohibitions overseas on open-loop scrubber discharges have been applied in select ports and enclosed waters,” a spokesperson for the AMSA said.

Read the full article here

IMO 2020: Scrubber’s financial advantage will last a matter of months, says Lunde

IMO 2020: Scrubber’s financial advantage will last a matter of months, says Lunde

Veteran ship financier Dagfinn Lunde believes any cost saving by using scrubbers + HFO for IMO 2020 compliance will be extremely short lived.

“There might be a very brief financial advantage – ab I mean a matter of months – for bigger ships with scrubbers come January 1, 2020, but rather quickly I feel low sulphur fuel and slow speeding will win the day,” Lunde writes in the latest edition of Maritime CEO.

Read the full article here

Odfjell: Scrubbers Don’t Make Sense for IMO 2020

Odfjell: Scrubbers Don’t Make Sense for IMO 2020

While there are certain scenarios that would make scrubber’s an attractive solution for IMO 2020 compliance, Odfjell SE CEO, Kristian Mørch, believes that overall the technology does not make sense.

Speaking in a Q&A session during the firm’s latest Q2 earnings webcast, Mørch’s views closely mirrored those of Maersk, in that he favoured a land-based solution but his company may still invest in the technology to help understand it.

“It’s something we’ve spent a lot of time analysing and trying to understand. I think fundamentally we have difficulty in seeing why an industry with 60,000 ships should try and solve a problem that actually should be solved ashore,” said Mørch.

“The people that supply in the bunker market will have to adapt whatever regulations goes on in that market.”

Read the full article here.