Fuels

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Port of Antwerp awards contract for building LNG facility

In fact, Cryostar and KC LNG have been awarded the contract for building an LNG ship bunkering and truck fuelling facility in Europe’s no. 1 breakbulk port of Antwerp. Cryostar and KC LNG are set to commission the LNG facility in the first quarter of 2020. Project promotors of the facility include Fluxys, G&V, Titan LNG and Rolande.

Second Freeport LNG Train starts commercial operations

Freeport LNG announced the start of commercial operations for the second of its three liquefaction trains, with the commencement of gas deliveries from BP under its 20-year tolling agreement with Freeport. Freeport LNG’s Train 1 began commercial operations last month.

Shipping decarbonization needs more than $1 trillion investment

Following the implementation of the 2020 sulphur cap on January 1st 2020, a study launched focuses on the importance of new investments into new fuel production, supply chains and a new or retrofitted fleet to achieve the decarbonization in the next three decades.

Oil stable as economic growth in China raises concerns

Reuters reports that oil prices hit high on Friday, January 17, but were little changed during the week as the sluggish economic growth in the world’s biggest crude importer, China, raised concerns over fuel demand and countered optimism from the signing of the China-U.S. trade deal.

NIOPDC fully supplies low-sulfur fuel

In fact, the Managing Director of the National Iranian Oil Product Distribution Company (NIOPDC)’s Markazi Department recently said that low-sulfur fuel oil needed for the country’s vessels is now fully supplied and distributed by the company.

Supply of low-sulphur fuels rising fast

Reuters reports that global supplies of marine fuel compliant with the new environmental rules are increasing fast as concerns over quality remain marginal. Despite initial concerns about availability of very low-sulphur fuel oil (VLSFO) late last year, the preferred compliant marine fuel supplies at key hubs now seem adequate, according to the International Energy Agency (IEA). What is more, concerns that the VLSFO, which is a blend of high-sulphur and low-sulphur fuel, could damage engines are now less prominent.

MPA: majority of Singapore’s suppliers have VLSFO available

According to the Maritime and Port Authority of Singapore (MPA) 29 out of 45 Singapore’s licensed bunker suppliers, have readily available 0.50% sulphur fuel oil, with all expect two having IMO 2020-compliant marine gasoil (MGO). Although, there are still several reports that some shipowners are struggling to find very low sulphur fuel (VLSFO).

First gas sales from Leviathan started

Noble Energy, Inc. (Noble Energy) provided an update on the startup of the Leviathan natural gas field, offshore Israel. First gas sales from Leviathan commenced on December 31, 2019.

Partners join forces on ammonia-fuelled tanker project

MISC Berhad, Samsung Heavy Industries (SHI), Lloyd’s Register (LR) and MAN Energy Solutions announced a collaboration to jointly launch a project (JDP) for an ammonia-fuelled tanker to support shipping’s drive towards a decarbonized future.

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