Fuels

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OPEC net oil export revenues to continue increasing in 2018

OPEC received about $567 billion in net oil export revenues in 2017, an increase of 29% from revenues in 2016. Increases in both crude oil prices and in net OPEC oil exports increased revenues in 2017, and EIA expects that revenues will continue to increase in 2018, according to EIA’s August Short-Term Energy Outlook.

Greenland supports ban of HFO in Arctic waters

In a recent public announcement, Greenland’s government (Naalakkersuisut) noted that it supports an IMO ban on the use and carriage of heavy fuel oil by Arctic shipping. Clean Arctic Alliance endorsed the move by  Greenlandic politicians to support the banning of the world’s most polluting fuel. 

ABS to class Singapore’s first LNG bunker barge

FueLNG selected ABS to class Singapore’s first LNG bunker barge. The vessel is scheduled to begin construction in January 2019. The LNG bunker barge, with 7,500 cubic meters of LNG capacity, will be owned and operated by FueLNG, a joint venture between Shell and Keppel Offshore & Marine. 

IBIA: IMO to consider legal framework for low-flashpoint diesel

IBIA welcomed signs that work may soon start to develop a new chapter for oil-based fuels with a flashpoint below 60°C within the context of the IGF Code. This would simplify the process for ships to show that they are designed to use such fuels safely, IBIA said.

US eyes LNG exports to Germany in next four years

US companies expect to begin exports of LNG to Germany in four years at the latest, challenging Russia which now accounts for 60% of German gas imports, said the deputy US energy secretary Dan Brouillette in an interview to a German newspaper on Monday.

Wärtsilä wins order for world’s first ships running on LPG

Wärtsilä will provide an integrated cargo handling and fuel gas system for two new gas carrier vessels for Exmar. The ships will transport LPG and will be the first vessels capable of running on LPG. The Wärtsilä equipment is expected to be delivered during mid-2019, and the vessels are planned to be delivered during the end 2020.

Maersk changes fuel adjustment surcharge ahead of 2020 sulphur cap

Maersk informed that it will change the fuel adjustment surcharge ahead of the 2020 sulphur cap. The new Bunker Adjustment Factor (BAF) aims at recovering the Maersk Line costs of compliance with the global sulphur cap which enters into force on 1 January 2020.

IMO Sub-Committee takes steps for use of methanol as ship fuel

The 5th session of the IMO’s sub-Committee on Carriage of Cargoes and Containers (CCC 5) last week has completed draft interim guidelines for the safety of ships using methanol as fuel, setting them on course for formal approval by the IMO’s MSC in 2020.

New guidance for 2020 sulphur cap compliance

DNV GL published the new “Global Sulphur Cap 2020” guidance paper, updating the Global Sulphur Cap brochure, published in October 2016. This report presents the new regulation and the options that ship owners and operators have, in order to ensure compliance.

Energy transition at the centre of Gastech and GPEX in Barcelona

The first day of two co-located events in Barcelona, Gastech, the global exhibition and conference at the forefront of the international gas, LNG and energy industries, and GPEX, the global event showcasing strategies and technologies for global energy transition, was successfully concluded.

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maritime events

Alerts Casualties Loss Prevention Maritime Health Regulation Safety Seafarers Security
jotun b
PSA Norway: Numerous safety breaches found on Jotun B
crew abduction
ReCAAP ISC reports crew abduction in Sulu-Celebes Seas
human trafficking in fishing
US introduces bill to tackle human trafficking in fishing
Arctic Ballast Emissions Fuels Green Shipping Pollution Ship Recycling Technology
hybrid patrol vessel
Estonia launches hybrid patrol vessel to tackle pollution threats
venta maersk
Venta Maersk successfully sails through Northern Sea Route
opec
OPEC net oil export revenues to continue increasing in 2018
Connectivity Cyber Security E-navigation Energy Efficiency Maritime Software Smart
rov market
Watch: World ROV market on the increase again
artificial intelligence in transport
UK explores benefits of artificial intelligence in transport
gps problems
USCG NAVCEN to publish GPS problems reports
CIC Detentions Fines PSC Focus Vetting
flaminia
Stolt disagrees with Flaminia ruling
flaminia
Court found MSC not liable for Flaminia fire
ilo fishing convention
Crew was beaten on the first fishing vessel detained under ILO
CSR Shipping Sustainability Women in shipping
WISTA Portugal
Portugal joins WISTA International
Frank Coles
Wallem appoints Frank Coles as the new CEO
green financing
ING to focus portfolio in green financing
Finance Fishery Infographic Maritime Knowledge Offshore Ports Reports Shipbuilding Short Sea Yachting
jotun b
PSA Norway: Numerous safety breaches found on Jotun B
drilling islands
Saudi Aramco awards contract for construction of drilling islands
us trade tariffs
US ports association concerned over US trade tariffs
Career Paths: John Jorgensen, ABS
Compliant recycling of a navy tanker
ISM Code Implementation: The bar is set too low
Career Paths: Carleen Lyden Walker, NAMEPA