Oil major ExxonMobil has announced that it will make IMO 2020 compliant low sulphur fuels available by the third quarter of 2019.
Oil major BP has announced that it will begin to sell very low sulphur fuel oil (VLSFO) with a maximum sulphur content of 0.5% that meets the upcoming IMO 2020 regulation, following successful sea trials in the Amsterdam/Rotterdam/Antwerp (ARA) and Singapore hubs.
The International Chamber of Shipping (ICS) has warned that shipowners issued with a Fuel Oil Non Availability Report (FONAR) do not mean they have a ‘free pass’ to use non-compliant bunker fuel from 2020.
The UAE port of Fujairah has made 0.5% low sulphur bunker fuel available this month, well ahead of the IMO 2020 global fuel sulphur cap.
Investment bank Goldman Sachs has advised shipowners who have installed scrubbers to their vessels to avoid hedging their fuel requirements in 2020 so as to maximise savings.
A consortium of major Dutch maritime companies has joined forces to look into the feasibility of using methanol as a sustainable alternative bunker fuel under the Green Maritime Methanol project.
The port of Rotterdam has recorded a stellar rise in the sales of LNG as marine fuel in 2018 over 2017, while sales of heavy fuel oil dipped, according to figures released by the Port of Rotterdam Authority.
Amid an increasing introduction of alternative energy sources to power ships on the back of environmental regulations, MAN Energy Solutions is seeing potential in the use of synthetic bunker fuels, which can be achieved with the use of its Power-to-X technology.
Global fuel testing firm Veritas Petroleum Services (VPS) has introduced a new service in light of last year’s increased fuel quality cases as the industry approaches the IMO 2020 global fuel sulphur regulation.
Bunker delivery note (BDN) amendments relating to supply of marine fuels to ships with alternative mechanisms to address sulphur emission requirements have entered into force on 1 January 2019, IMO said.