Scorpio Group has added a further 23 scrubber units for $33.3m from Pacific Green Technologies to be installed on its bulker and tanker fleets.
China is to launch a bonded low-sulphur bunker fuel oil contract that will allow foreign investors to participate in trading by the end of this year, according to Shanghai Futures Exchanges.
Right now, the 2020 sulphur cap is on all of our minds. That was especially clear a few weeks ago as I was speaking at a customer seminar in Tokyo. The participants asked a lot of excellent questions, most of which dealt with the same theme: what will next year’s fuels look like and how do we deal practically with the challenges they pose?
A number of Singapore’s top shipowners are ready for the transition to IMO 2020 low sulphur fuel with BW Group, Maersk Tankers, Pacific Carriers Ltd, AET, and Pacific International Lines (PIL) all named at an industry seminar on Thursday.
Oil and gas major Shell sees a growing commitment to LNG as marine fuel and bio and synthetic options would make it “a robust step” in meeting IMO CO2 targets.
Sinopec, China’s largest oil refining company, officially announced the low-sulphur the global marine fuel oil plan and will have the production capacity of 10m and 15m tons by 2020 and 2023 respectively.
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.
California-headquartered Chevron Oronite has introduced a new marine cylinder lubricant additive package specially designed for ships operating with less than 0.5% sulphur fuels when the IMO 2020 kicks in.
IMO 2020 continues to dominate discussions in shipping the annual Capital Link conference in New York this week was no exception providing a variety of perspectives from across different sectors of shipping even if there an acknowledgement that “nobody knows” precisely what will happen.
Nordic American Tankers (NAT) has underscored its belief that scrubbers are not the right solution for it to comply with IMO 2020, flagging up restrictions of use and possible bans on exhaust gas cleaning systems by some ports.