Russian natural gas producers Novatek informed that it shipped its first cargo of LNG from the Yamal LNG project to China via the Northern Sea Route on July 19. An official ceremony was held to commemorate the arrival of the LNG tankers ‘Vladimir Rusanov’ and ‘Eduard Toll’ to the Chinese port of Jiangsu Rudong.
The MethaShip project consortium presented its results in Hamburg. This project aimed to examine methanol as fuel for cruise ships and RoPax ferries. Namely, it concluded that methanol can indeed be used as a marine fuel and will actually be one with a future.
The ISO Working Group issued a statement reassuring the industry that the general requirements of ISO 8217:2017, along with the characteristics included in Table 1 and 2 of ISO 8217: 2017, cover 2020 0.50% max. sulphur fuels in the same way as they cover today’s fuels including the 0.10% max. sulphur fuels.
After the IMO Intersessional Working Group meeting last week concluded, IBIA said that it is positive that there is a significant support among IMO member States to ensure consistency in fuel oil testing and verification procedures. However, discussions on a number of agenda items were left with unresolved issues.
Stephanie Lavelle, Maritime Manager, Chelsea Technologies Group, shares her thoughts on the upcoming 2020 sulphur cap. Ms. Lavelle says that despite the fact the shipping industry players appear to have agreed to invest in new technologies and fuels to meet this regulation, the market still seems uncertain regarding the effectiveness of the sulphur cap.
ICS is encouraged by efforts made by IMO Member States to resolve some pressing practical challenges ahead of the 2020 sulphur cap global implementation. The announcement comes by ICS Secretary General, Peter Hinchliffe, after the IMO Intersessional Working Group meeting last week.
Despite the fact that non-OPEC production will ensure supply to 2030, OPEC has to continue leveraging its available reserves. This is what Wood Mackenzie says, noting that OPEC will be the key to price recovery through 2040. It also expects crude and condensate production to reach around 11 million b/d in the mid to late-2020s.
The Society for Gas as a Marine Fuel informed that it will have an LNG bunker study draft ready until Gastech 2018, in September. Namely, Life Cycle Analysis project aims to analyze GHG emission of LNG systems, which incorporate solutions that comply with the upcoming 2020 sulphur cap.
As of 1 January 2018, US operable atmospheric crude distillation capacity totaled 18.6 million b/cd, a slight decrease of 0.1% since the beginning of 2017, according to EIA. Annual operable crude oil distillation unit capacity had increased slightly in each of the five years before 2018.
The Union of Greek Shipowners hailed the IMO Intersessional Working Group’s move to take into account several safety concerns linked to the transition to new low-sulphur fuels, especially blended fuels, ahead of the 0.5% global sulphur cap entering into force form 1 January 2020.
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