Zhejiang Wuxing Logistics and Shanghai Zhixian Transportation Shipping have agreed to jointly invest in and construct four plus four LNG dual-fuel multi-purpose heavy lift carriers.
Singapore, the world’s second largest container port, saw marginal growth of 1.6% last year, while bunker sales in the biggest global marine refuelling hub.
Wartsila has developed a customised solution for four LNG-fuelled short-sea cargo vessels ordered by Netherlands-based Wijnne & Barends Chartering, an affiliate of the Dutch Spliethoff Group.
At times in the year running up to the start of the IMO 2020 global 0.5% sulphur cap on marine fuel it felt like a constant refrain of “the sky is falling, the sky is falling” from the shipping industry.
With the coming into force of IMO 2020 very low sulphur fuel oil (VLFSO) prices have surged since mid-December nullifying the discount to marine gas oil (MGO).
India’s Hindustan Petroleum Corporation Limited (HPCL) has announced that it has made available its supply of IMO 2020 compliant bunker fuel for the shipping industry.
With IMO 2020 less than 24 hours away from coming into force owners with scrubbers look likely to be quids up while, those needing to buy compliant fuel on the spot market face high prices, according to analysts.
Leading Chinese marine fuel suppliers Chimbusco, PetroChina and Sinopec Corp have penned agreements to procure very low sulphur fuel oil (VLSFO) from international companies including Shell in preparation for IMO 2020.
