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Cargill, Maersk Tankers join forces in Medium Range segment

Under a new agreement, Cargill will enter its Medium Range (MR) fleet into the existing Maersk Tankers MR pool, creating a new joint pool to increase the scope of their MR spot tanker business. The joint pool is expected to enable vessels to focus on fuel optimization and CO2 emissions reduction, as well as a digitalized approach to trading. 

Unifeeder, GreenSteam team up on fuel efficiency

Machine learning solutions provider GreenSteam and short sea operator Unifeeder announced they are expanding their partnership to deploy digital technology for reducing fuel consumption, in line withe industry’s ambitious targets on GHG emissions reduction.

NYK Group to build green heavy-lift vessels

NYK Bulk & Projects Carriers, part of Japanese NYK Group company, has signed a contract with Nanjing Jinling Shipyard, part of the China Merchants Group, to build two next-generation energy-saving heavy-lift vessels, to respond to the demand for transporting cargoes such plants, wind-turbine blades and equipment.

Fuel segregation is highly recommended in light of the approaching sulphur cap

Mr Tim Wilson, Principal Specialist on fuels, lubes and exhaust emissions at LR, discusses the approaching IMO 2020 regulation and the shipping industry that focuses on clean fuel, trying to avoid segregation risks and contaminated fuel. Mr Wilson highlights that one of the biggest challenges today is being ready to deal with the segregation of the new 0.50% fuel that is coming. 

Lower global economic growth reduces expectations on 2019 global oil demand

EIA forecasts that global liquid fuels consumption, which averaged 99.9 million b/d in 2018, will increase by 1.1 million b/d in 2019 and by 1.4 million b/d in 2020. EIA’s global oil consumption forecast is based on global gross domestic product, depending on country-level forecasts from Oxford Economics.

Wärtsilä accomplishes tech-benchmark with bulk carriers’ hybrid installation

Wärtsilä accomplished a new technology benchmark, by launching the marine sector’s first hybrid installation for a bulk carrier. The system will be installed on the M/V Paolo Topic, a bulk carrier constructed at Japanese Onomichi Dockyard and managed by Marfin Management S.A.M. The project agreement was signed on July 8 in Monte Carlo, Monaco.

Russian company sales 0.5% sulphur fuel in Russian far east

Imtrade trading company offers IMO 2020 compliant fuel in the Russian far east from the early days on May. Specifically, the company sales 0.5% sulphur bunker fuel with 80cst viscosity on a delivered basis at the ports of Vladivostok, Nakhodka, Vostochnyi, Kozmino, Posyet, Zarubino.

Rolls-Royce, ZF work on digital solution to limit fuel consumption and emissions

Rolls-Royce is developing a new electronic monitoring system together with ZF to achieve maximum availability for ships, while keeping fuel consumption and CO2 emissions to a minimum. It will be tested by the Förde Reederei Seetouristik. From 2021, the system will make sure that fleet managers are able to operate their fleets as efficiently and as environmentally friendly as possible.

Panama Canal closer to a carbon neutral future

The Panama Canal Authority (ACP) announced improvements to its Green Connection Environmental Recognition Program, which sees vessels that comply with the highest environmental performance standards; The Panama Canal reduces fuel consumption and emissions depending on the travelling distance and the capacity offered.

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