Bunkering

Capped sulphur content at 0.5 per cent in marine fuels unsettling for second-tier bunker players The global lack of very low sulphur fuel oil (VLSFO) resulted in some shipowners’ adopting marine gasoil (MGO) as an alternative. Adrian Tolson from Blue Insights observed, “Barring a refinery around the corner” smaller-to-mid sized …

Netherlands-based biofuel powered MOL’s merchant vessel’s successful trial voyage from Europe to USA Singapore-based Ocean Network Express (ONE) in collaboration with Mitsui O.S.K. Lines successfully completed a trial voyage after bunkering at the port of Rotterdam in Netherlands. Using GoodFuels’ biofuel blended with conventional fossil fuels, this initiative is part …

A waste oil recycling machine capable of producing up to 6,000 mt of oil products annually to be installed in Ghana Ghana’s port of Tema will be joining the environment movement towards sustainable energy production with an Ecoslop’s Mini P2R (Petroleum Residue Recycling) installation – a technology which converts waste …

Very low sulphur fuel oil (VLSFO)’s high adoption revealed in IMO’s statement Shipowners’ gradual adopting VLSFOs were reflected in the latest statement by IMO; with only 55 fuel oil non-availability reports (FONARs) were filed to the International Maritime Organisation (IMO) last year. FONARs are filed when the ship’s flag state …

Several marine fuel oil samples tested found to have below 60°C SOLAS minimum criterion classed as off specification In Falmouth, Southwest England, marine fuel oil samples ordered as ISO-F-DMA grades recently tested by FOBAS were classed as off specification for their 58-59°C results. In accordance to a SOLAS’ 1981-issued mandate, …

The world’s hopes of an economic recovery dashed with a drop in oil prices China’s lockdown involving 28 million people from the returned surge in COVID-19 cases sent oil prices plummeting, casting doubts on market recovery. Brent crude fell $0.45, or nearly 1 per cent, to $54.65 a barrel, after …

Grim tanker shipping performance expected till second half of 2021 Analyst Poten & Partners anticipates a gloomy tanker performance till second half of 2021 Late 2020, hopes were high for a tanker market recovery in 2021 supported by projections of a shift in US Foreign Policy, plus a rush of …

Alarming decline of oil prices will be contained by vaccine demands plus United States’ COVID-19 relief plans amounting to trillions Oil prices met another dent from a new spike of COVID-19 infections in China, the world’s second largest oil user. The republic has resumed lockdowns in two regions within northernmost …

Amalgamating technology with a layer of cybersecurity inaugurates Singapore’s first marine fuel purchase Singapore’s bunker supplier, Global Energy Trading concluded the sector’s first proof of concept (PoC) of a fully-digitalised marine fuel transaction. The process was linked to TradeTrust’s framework with BunkerChain’s technology, and supported by physical data transfer from …

MS Green Ammonia is to be launched in 2024, distributing green ammonia from Berlevag to various locations and end-users along the Norwegian coast. The project receives NOK46.3m (5.4m) of Norwegian government’s funding scheme Pilot-E. The mammoth project demonstrates the nation’s maritime industry steadfastly in line with the goal of developing …