Sunday, February 16, 2020

Heavy Fuel Oil News

LNG and Shipping Decarbonisation Target

Image: International Council on Clean Transportation

Though liquefied natural gas (LNG) could help the shipping industry to reach its decarbonization target, it could wreck the climate, finds a study.According to a research by…

LNG Suited for Select VLCC Routes

Image: SEA\LNG

SEA\LNG has released the results of its third investment study, which underlines liquefied natural gas (LNG) as a compelling investment solution for Very Large Crude Carriers…

German Shipping to Use LSFO

Ralf Nagel, Chief Executive Officer. Photo: VDR

The vast majority of ships in the German fleet will run on the new sulfur-reduced fuel (Low Sulfur Fuel Oil, LSFO) from 1 January at the latest. This is one of the findings…

K Line, FueLNG Team-up on LNG Bunker

Image: Kawasaki Kisen Kaisha

Japanese shipping firm Kawasaki Kisen Kaisha (K Line) has announced that it has concluded a ship management agreement with FueLNG Pte Ltd for a 7500 m3 LNG bunkering vessel…

Germany Mulls Onshore Power in Seaports

Ralf Nagel. Photo: German Shipowners’ Association

German federal government took a step to make onshore power in seaports more attractive; this week the environment ministers of the federal and state governments will be meeting…

IRENA: Shipping Industry Must Cut Emissions

Pic: International Renewable Energy Agency (IRENA)

The International Renewable Energy Agency (IRENA) highlighted the importance of reducing shipping emissions and following the path towards a carbon-zero industry, in line with…

B.C. Backs LNG Bunkering

Vancouver Fraser Port Authority. Image: SEA\LNG

The British Columbia Government has joined Vancouver Fraser Port Authority and FortisBC to establish the first ship-to-ship LNG marine refueling – or bunkering – facility on…

Golar Power Wins Brazil Plant Gig

 Pic: Golar LNG

Golar LNG, a liquefied natural gas shipping company registered in Bermuda, said that its joint venture with Stonepeak Infrastructure Partners, Golar Power Limited has been awarded…

Green Group Asks Cosco to Avoid HFO in Arctic

Photo by Clean Arctic Alliance

Clean Arctic Alliance has sent its second letter to Cosco, in which the NGOs urge the Chinese liner company to make public what fuel types its vessels use in the Arctic.Responding…

Study Shows LNG Forming Pathway to IMO 2050

Pic: SEA\LNG

Greenhouse Gas (GHG) reductions of up to 21% are achievable now from LNG as a marine fuel, compared with current oil-based marine fuels over the entire life-cycle from Well…

Hedge Funds Buying Oil Despite Trump's OPEC Comments

File Image: AdobeStock / © Kasto

Hedge funds continued to boost their bullish position in crude and fuels last week despite a call from U.S. President Donald Trump for OPEC to "relax and take it easy".Hedge…

LNG Bunkering Takes Off in Rotterdam

Shell LNG-bunkership Cardissa. Pic: Port of Rotterdam

The throughput of LNG - liquefied natural gas - as bunker fuel in the Rotterdam bunker port increased considerably from 1,500 to 9,500 tonnes in 2018.Meanwhile, the sale of…

'World's First' Zero Emission Marine Biofuel Test Successful

Pic: GoodFuels

Netherlands-based supplier of sustainable low carbon marine fuels GoodFuels Marine in conjunction with bulker and tanker owner and operator NORDEN A/S,  has successfully completed…

Eagle LNG Receives Draft EIS

Pic: Eagle LNG

Eagle LNG, a wholly owned subsidiary of Ferus Natural Gas Fuels, informed that the United States Federal Energy Regulatory Commission (FERC) granted the company their draft…

Shipping Industry Welcomes EU Support to Green Fuel

Pic: European Community Shipowners’ Associations (ECSA)

The shipping industry and the European Independent fuel suppliers welcome the European Parliament’s support to incentivize the uptake of low-carbon and carbon-free alternative…

Industry Groups Welcome Arctic Heavy Fuel Oil Ban

Pic: Pacific Environment

The Clean Arctic Alliance and indigenous groups welcomed the support given by member states to commence work on developing a ban on the use and carriage of heavy fuel oil in…

Maritime Rule Change Stirs Fears of Diesel Shortage: Kemp

© dbvirago / Adobe Stock

The International Maritime Organization (IMO) has so far resisted pressure to soften or postpone the implementation of new regulations requiring ships to use bunker fuels with…

Arkas Bunkering, Sumitomo Corporation in LNG Bunkering Deal

Pic: Arkas Holding S.A.

Arkas Bunkering have signed a protocol with Japan-based Sumitomo Corporation for the use of liquefied natural gas (LNG) as bunker fuel in Turkish and nearby seas. As environmentally-friendly buildings…

Novatek, Fluxys to Build German LNG Terminal

Pic: Fluxys

Russian gas producer Novatek and Belgium's Fluxys joint venture Rostock LNG GmbH has signed a Land Lease Agreement with the Port of Rostock with a view to building and operating…

Cyprus Seeks to Construct first LNG Import Terminal by 2020

© Igor Groshev / Adobe Stock

Cyprus has invited bids for the development of the country's first liquefied natural gas (LNG) import terminal, which it wants to be ready by 2020, a notice posted on a government…