The Clean Arctic Alliance has called the IMO to support an immediate switch to distillate fuels for ships in the Arctic and develop a global rule prohibiting fuels with high Black Carbon emissions, after a study revealing that some of the new VLSFOs will actually lead to a surge in the emissions of Black Carbon.
Although the liquefied natural gas is in the top list of shipping’s best alternative to high sulphur fuel oil, liquefied petroleum gas (LPG) has entered into the shipping industry and aims to accommodate itself in the marine fuel market.
Speaking with DNV GL’s narrator, Mathias Steck, IEA’s Keisuke Sadamori, Director of Energy and Security Markets explores energy security in the age of renewables, explaining that the extreme weather conditions taking place today are impacting renewable energy systems and infrastructures around the world, most likely becoming a major energy security concern for the future.
Maersk is now increasing fuel surcharge imposed on the transport of boxloads of goods as the implementation of the new environmental rules sent the industry’s costs soaring.
The sale of HSFO heavily declined while low-sulphur fuels skyrocketed in the final quarter of 2019, as the industry transitioned into compliance with 2020 sulphur cap. This shift in bunker sales underlines the massive transition that the industry has been faced with at the turn of the decade, argues Peter Sand, Chief Shipping Analyst of BIMCO.
In fact, Cryopeak LNG Solutions Corporation, based in Canada, has developed the first-ever “Super B-train” liquefied natural gas (LNG) hauling trailer with the aim to optimize small-scale LNG transportation in Canada.
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.
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.
The first cargo of ethylene has been exported from the 50-50 joint venture marine terminal, at Morgan’s Point, Texas along the Houston Ship Channel, owned by Enterprise Products Partners L.P. and Navigator Holdings Ltd. In fact, it was recently when the Navigator Europa departed the facility carrying 25 million pounds of ethylene for Marubeni Corporation, a Japanese trading company, and long-term terminal customer.
IMO’s ambitious 2030 targets cannot be achieved only by switching conventional diesel oil to LNG as a marine fuel, but research in the field of other alternative fuels, such as ammonia and hydrogen, are also critical, says Japanese shipping company K Line.
