In the second round of bidding for four of its refineries, Petrobras has allegedly selected four groups of companies. In fact, Reuter reports that the Chinese Sinopec, Abu Dhabi’s Mubadala Investment and the Brazilian companies Ultrapar Participações SA (UGPA3.SA) and Raizen have been chosen to go through to the next phase.
The HSFO that is currently offered and used in ports is experiencing a decrease, and could be limited in light of the upcoming 2020 sulphur cap, as the Marine Bunker Exchange, MABUX, reported.
China will launch low sulphur fuel oil futures during the first quarter of 2020, in line with the changes following that year, from IMO’s 2020 sulphur cap to the goals set in the Paris Agreement, playing a crucial role in making the shipping industry more sustainable and greener.
Bloomberg reports that ship owners are waiting longer and paying more to refuel at the world’s top bunkering hub, Singapore, as the industry struggles to prepare for the implementation of new ship-fuel rules in a few weeks.
CSIRO, Australia’s national science agency, published a report mapping the critical research steps Australia has to take to realize a hydrogen industry it says is potentially worth A$11 billion ($7.5 billion) a year by 2050.
According to a study published by the German Shipowners’ Association (Verband Deutscher Reeder,VDR) most of the German ships will use low-sulphur fuel oil (LSFO) from January 1, in order to follow with the IMO’s 2020 regulation “Global sulphur cup”.
In case Brazil joins OPEC (Organization of the Petroleum Exporting Countries), OPEC would be the clear winner and Brazil the loser by a long shot, energy research firm Rystad Energy said commenting a recent statement by Brazil’s president Jair Bolsonaro that he would like to see Brazil join OPEC.
The Hong Kong Marine Department issued a shipping note to advise parties concerned on the 2019 Guidelines for PSC under MARPOL Annex VI Chapter 3 adopted at IMO’s 74th Session of the Marine Environment Protection Committee (MEPC 74).
The Maritime and Port Authority of Singapore (MPA) announced that the Pre-Arrival Notification (PAN) has been revised to incorporate the requirements for reporting on the use of compliant fuels in accordance with the fast approaching IMO 2020 sulphur cap.
According to the recent report “Global Coal Power Set for Record Fall in 2019” published by Carbon Brief, the global electricity production of coal is about to fall by 3% for the 2019, making it the largest drop on record. The analysis was based on the monthly electricity sector data from every country, of the first seven months of 2019, compared with the same period in the preceding year.
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