Reuters reports that Taiwanese and South Korean refineries are testing the market for fuels, that are compliant with IMO’s sulphur cap, starting next year, by exporting cargoes of very low-sulphur fuel oil (VLSFO). For the time being, refiners have a hard time deciding on which fuel to produce due to the fact that shipowners are able to choose between LSFO or MGO to comply with IMO’s 2020 sulphur regulations.
A new finance agreement that will enable offshore and marine asset owners to decrease their fuel consumption, costs and emissions has been launched. Namely, Blueday Technology, which designs energy systems, has collaborated with energy infrastructure fund manager SUSI Partners to provide a new financing structure for asset owners.
The decarbonisation of global energy supplies to mitigate climate change will have significant implications for the global shipping industry. If the Paris Agreement goals are met, the fossil fuel cargo base that shipping serves would experience an aggressive and prolonged transformation, according to a report from Maritime Strategies International.
The International Energy Agency expects that China and the US will become world’s biggest LNG exporters and importers in five years. The US will surpass Australia’s and Qatar’s LNG exports in 2024, Reuters reports.
Qatargas announced that it successfully delivered the 3,000th LNG cargo to Japan since the first ever Qatari shipment was delivered to Kawagoe LNG Receiving Terminal on 10th January 1997. The 3000th LNG cargo, which was transported onboard ‘Al Jasra’, a conventional LNG vessel with a capacity of 135,000 cubic metres, was delivered to JERA.
Port of Amsterdam has become a partner in the European project H2Ships. This Interreg North-West Europe project focuses on establishing the essential conditions for a successful market introduction of hydrogen as a fuel for shipping. The project will receive approximately €3.5 million in grants from the Interreg North-West Europe Program (2019-2022).
In line with its vision for an emission-neutral cruising, AIDA Cruises, the German brand of Carnival Corporation, is planning the first practical trial of fuel cells aboard an AIDA ship by 2021, the company said in its sustainability report released Monday.
A year after Total signed a MoU with the Government of Oman to develop natural gas resources in the region, the French oil and gas player awarded a contract to Houston-based McDermott International, to provide front-end engineering design (FEED) services for the Sohar LNG bunkering project in Oman.
Hydrogen production is often presented as the default option for using surplus electricity from renewable generation. However, there is an investment merit order for coping with surplus electricity, said DNV GL in a new paper, highlighting that hydrogen is expected to play a significant role in the future European energy system.
According to the Associated Press of Pakistan (APP), the Government is ready to proceed to the anticipated multi-billion dollar coastal oil refinery by the end of 2019, aiming that a capacity of production of 250,000 barrels per day would be completed within the scheduled time-frame.
Russian Register: New Rules for Classification and Construction of Ships Carrying Liquefied Gases17/07/2019
Australia's Port of Fremantle welcomes first of two giant container ships17/07/2019
ReCAAP ISC: First half of 2019 sees lowest number of incidents in 13 years17/07/2019
Maersk succeeds first mango-reefer operation from Mumbai to London17/07/2019
UK to discuss with Gibraltar about Grace 1 oil tanker17/07/2019
- Ship Recycling
Germany enters the Hong Kong Convention17/07/2019
Pilbara Ports Authority annual throughput slightly less17/07/2019
Two rescued from sinking vessel off UK17/07/2019
USCG saves four injured after collision near Wildwood, N.J17/07/2019
Port of Oakland to deliver key project in 202017/07/2019