Singapore, the world’s largest bunkering port, is unlikely to face a bunker fuel supply crunch come 2020 when all ships are required to burn 0.5% sulphur content cap fuel, but owners can definitely expect to face higher bunker bills, according to industry players.
Helsinki-based Neste is planning to launch a low-sulphur marine fuel which has a significantly higher viscosity than the currently available products at end-2017.
Since the introduction of new ECA fuels (NEFs) in the market end of 2014, the increase in number and variety has been simply impressive.
China Navigation Co has been fined $129,500 for violating fuel switching laws and failing to use low sulphur bunkers in the California emission control area (ECA) in 2012.
China is to introduce 0.5% sulphur emission control areas (ECAs) in major ports in three areas of the country.
Danish shipowning giant Maersk remains concerns over the lack of enforcement of the 0.1% sulphur limit in the North Europe and Baltic emission control area (ECA).
The initial impact of the first six months of the 0.1% sulphur limit for marine fuels has not been as drastic as some predicted. Most concerns were understandably focused on the cost of compliance; however, the steep and sustained drop in global oil prices offered relief at just the right time.
UK P&I Club has expressed concern over the increasing number of states forming new sulphur regulations, and the availability of low-sulphur fuels.
MAN Diesel & Turbo has run successful tests of a new liquid-gas-injection engine, the ME-LGI, set for installation on a newbuild Mitsui OSK Lines (MOL) methanol carrier series.