Singapore, the world’s largest ship refuelling centre, is set for an evolutionary change after the local port authority confirmed plans to make the use of mass flow meters mandatory, sparking talks of concern over what would be a regulatory first for the bunkering industry.
Glycerol, more commonly known as glycerine, has the potential to be used as a cheaper and markedly more environmentally friendly marine fuel, according to a prominent research group involving Lloyd’s Register.
IMO secretary general Koji Sekimizu wants to bring forward a study on availability of low sulphur fuel ahead of the planned 0.5% sulphur cap in 2020.
There has been a clear downward trend in bunker prices over the course of this year, but the apparently positive market direction is not expected to bring much cheer to shipowners simply because bunker prices are still extremely high by historical standards.
Singapore: Shipowners are not expected to have enough cash to purchase low-sulphur fuels, even in the face of the upcoming IMO regulation limiting the sulphur content in bunker fuels, according to Per Wistoft, ceo of Brightoil Shipping Singapore.