The 0.5% fuel sulphur content cap regulation by the IMO is less than three years away from the enforcement date of 1 January 2020, leaving the refining and shipping industries caught in a catch-22 situation.
Greece's Aegean Marine Petroleum Network has posted a 44.7% year-on-year hike in 2016 profit, aided by higher sales of marine fuels.
The start of the US Presidency of Donald Trump has been anything but business as usual and understanding the implications of his Executive Orders is rapidly turning into a full time job for some.
India’s Adani Bunkering has launched physical bunker supply operations at the ports of Hazira and Dahej in Gujarat state, reports said.
Physical bunker suppliers should move away from fuel supply operations in major bunkering ports, and instead focus on smaller ports in a rapidly changing market, according to maritime consultancy firm 20|20 Marine Energy.
The Maritime and Port Authority of Singapore (MPA) has issued bunker survey licences to 51 companies, following the port authority’s new licensing requirements starting 1 January 2017.
Singapore, the world’s largest bunkering port, will enforce the use of mass flow meters (MFM) for bunkering operations from 1 January 2017, making it the first port in the world to mandate the use of such fuel measuring device.
The decision by IMO to enforce a global 0.5% cap on fuel sulphur content from 2020 could lead to a surge in the installation of scrubbers, with up to 25% of global fleet fitted with the abatement technology by 2025, according to DuPont Clean Technologies.