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.
UAE-based Brooge Petroleum and Gas Investment Co (BPGIC) has unveiled a plan to build a 250,000-barrels per day (bpd) capacity refinery to produce IMO 2020-compliant bunker fuel in Fujairah.
The Maritime and Port Authority of Singapore (MPA) has recently published a list of licensed bunker suppliers that are able to provide IMO 2020 compliant fuels in Singapore.
An estimated 860,000 barrels per day (bpd) of bunker fuel demand will not be in compliant with the 0.5% sulphur content cap regulation set to be enforced from 2020, according to energy research consultant Rystad Energy.
UAE-based GP Global will make 0.5% sulphur content bunker fuel available from April this year to major ports including Fujairah, Singapore and the ARA region, in response to the upcoming IMO 2020 regulation.
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.