Tag: Low-sulfur

In this week's Shipping Number of the Week, BIMCO examines the slowing rate of scrubber installations in 2022 and why a new wave of installations is expected in coming years.

Petroperú company stated in a press conference with members of the Association of Foreign Press in Peru that it has all of the necessary permits for the gradual and progressive start-up period, between March and May, of the new Talara Refinery. 

As of 1st January 2022, all vessels navigating in Korean ports shall not consume fuel oil with a Sulphur content exceeding 0.5%.

The Mediterranean countries agreed to designate an emission control area for sulfur emissions (Mediterranean Emission Control Area - MedECA).

NGO urges Malta to support the designation of an Emission Control Area (ECA) for low sulphur emissions.

According to Reuters, China's clean marine fuels exports noted an increase during December, taking 2020 exports of the bunker fuel to 15.45 million tonnes.

Following the increased demand for shipping fuel and with most ports back at pre-pandemic levels, Asian refiners’ profit from producing very low sulphur fuel oil (VLSFO) climbed to six-month highs this week, Reuters reported.

According to Reuters, Sinopec Corp's refinery and petrochemical complex in Tianjin will shut down for two months, starting in early May, for a regular revamp with the aim to cut its crude throughput by about 2 million tonnes this year.

The Standard club has received reports that low sulfur fuel is not currently readily available in all Indonesian ports and that there are local shortages. Considering this situation, it is recommended that members take necessary precautions to source sufficient compliant bunkers prior to calling at Indonesian ports.   

Reuters reports that China has approved a long-awaited tax waiver on exports of cleaner ship fuel, helping refiners to boost output. Yet, Beijing may initially limit shipments with the aim to focus on growing its coastal marine fuel market.