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Asian refiners trial the waters with IMO-compliant VLSFO

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. 

New finance scheme to help installation of hybrid power systems

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.

Radical decarbonization could lead to significant implications for shipping, report says

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.

US and China to lead LNG imports and exports in 2024

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 achieves 3000th LNG cargo delivery to Japan

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 becomes partner on hydrogen project

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).

AIDA Cruises to trial fuel cells in 2021

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. 

Total moves forward with Oman LNG bunkering project

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.

New paper discusses hydrogen in electricity value chain

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.

Pakistan commits to completion of coastal oil refinery

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. 


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