A global collapse of marine fuel prices has significantly narrowed the price gap between very low sulphur fuel oil (VLSFO) and high sulphur fuel oil (HSFO), putting into question the economics of scrubbers.
Shipowner organisations say the low number of Fuel Oil Non-Availability Reports (FONAR) issued since IMO 2020 came into force does not truly represent the difficulties owners have had in sourcing compliant fuels.
Singapore LNG Corporation (SLNG) and Pavilion Energy have signed a five-year agreement for LNG storage and reload services at SLNG Terminal on Jurong Island of Singapore.
Lithuania’s port of Klaipeda has conducted its first LNG bunkering on Sunday with supply of the clean fuel to a cement carrier from the Malkos Bay Terminal.
The biggest question facing shipping is what fuels will it use in the future to meet planned greenhouse gas (GHG) emission cuts of 50% of more by 2050.
Technology group Wartsila announced that it will supply a cargo handling system for a new 18,000 cu m LNG bunkering vessel being built for Korea Line at Hyundai Mipo Dockyard (HMD) in South Korea.
March 1 was the second key date in IMO 2020 with carriage ban for non-compliant fuel unless the vessel is fitted with a scrubber coming into force.
Bureau Veritas (BV) is co-hosting a conference in Bilbao, Spain in June on the innovation within the field of used oil analysis.