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.
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 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.
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.
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 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.
Freight forwarder Panalpina has warned its ocean customers of potential disruption to supply chains ahead of the IMO 2020 sulphur cap. The regulators have laid out the rules, but the path for ship owners, operators and carriers to complying with the low sulphur limit remains rocky.
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 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.
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.
Lessons learned: Injury after fall from height22/09/2019
Lessons learned: Mooring line slips off, causes collision22/09/2019
EU launches actions to clean up marine litter worldwide21/09/2019
Lessons learned: Crew boat listing due to water ingress21/09/2019
Moody’s: Quick return of Saudi oil output to demonstrate resilience20/09/2019
UK awards contracts for world’s largest offshore wind farm20/09/2019
BIMCO's President aims to gather shipping majors to discuss the future20/09/2019
Joint development project to design LNG-fueled VLCC20/09/2019
BIMCO: FONAR should be the last option20/09/2019
Rise in oil price could increase margins of service sector20/09/2019