Oil major Chevron has revealed that it will offer the IMO 2020-compliant 0.5% sulphur bunker fuel by the end of the third quarter, reports said.
France’s Total is readying to make 0.5% sulphur content fuels available at major bunkering ports from the fourth quarter of this year ahead of the IMO 2020 regulation, and the state oil firm is projecting a gradual global uptake of LNG as a marine fuel.
Japan’s Nippon Yusen Kaisha (NYK) has approached South Korea’s Samsung Heavy Industries (SHI) to build two new LNG carrier on the back of a long term charter deal with France’s Total subsidiary.
The developmemt of liquefied natural gas (LNG) bunkering in the Port of Singapore got a boost with the signing of a deal between Total and Pavilion Energy to provide a bunkering vessel and for an LNG supply arrangement.
Total is to develop a liquefied natural gas (LNG) bunkering service at the port of Sohar in Oman.
The US has indicated that new business activity with Iran after 8 May within the wind-down period could be result penalties under secondary sanctions, and a number of major shipping companies including MSC and Maersk Tankers have stopped taking new Iran business.
Singapore shipyard Sembcorp Marine has completed the world’s first floating, storage and offloading (FSO) vessel with a 40-year hull lifespan.
The current LNG market is markedly different from the past but although the previous model of dedicated contracts and single markets provided security this has been also been maintained in the new world of shorter term contracts and spot trades even though the process of getting satisfactory prices has been frustrating for some, speakers at the LNG market overview panel at the Sea Asia LNG Forum said.
Another solid block has fallen into place in the provision of LNG as a shipping fuel with the signing of a long-term charter contract between Total Marine Fuels Global Solutions (TMFGS) and Mitsui OSK Lines (MOL) for a large LNG bunker vessel of 18,600cbm, to be delivered in 2020.