MTU gas engines to power world's first LNG-hybrid harbor tug Rolls-Royce is supplying two MTU 16V 4000 M55RN gas engines to Singapore's Sembcorp Marine Integrated Yard. They will power what will be the world's first liquefied natural gas (LNG)-hybrid powered tug. The
Solid oxide fuel cells could play big role in shipping decarbonization A new initiative is targeting solid oxide fuel cells (SOFCs) as a key to the optimal utilization of fuels such as ammonia, hydrogen or bio-methane for power production in marine vessels. The
Chevron helps customers keep sailing despite VLSFO engine challenges Since the widespread switch to low-sulfur fuels, some ship owners using very low-sulfur fuel oil (VLSFO) have reported build-up of red deposits on piston crowns and top edges, sometimes combined with red
Singapore plans to vaccinate 10,000 frontline maritime workers by end-January The port, which is also the world's top bunkering centre suffered an outbreak of coronavirus on one of its bunker...
Transatlantic product tankers divert as US refined products demand stalls Diversions imply cargo surplus, adding further gloomy signal to depressed transatlantic tanker earnings which remain below operating expenses
Basel ban has confused recycling sector, not clarified it Petter Heier from Norway's Grieg Shipping sees encouraging signs of greater focus on environmental protection and yard worker safety. He...
Solid oxide fuel cell project launched A group of maritime companies and the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping have partnered to develop solid...
BW reports fatalities on FPSO Incident was caused by 'a leakage of hydrocarbons into the tank where the work was being performed', says BW Offshore
Avance Gas places dual-fuel VLGC order The 91,000 cu m vessels, which will be built at the Daewoo Shipbuilding and Marine Engineering yard, are scheduled for...
Smarter shipping will benefit decarbonisation and safety By reducing manual data recording and the analysis of data from sources on the vessel and external to the ship...
Volume surge, not blankings, behind supply chain problems Container lines have been accused of restricting capacity to hold rates firm. But analysis shows that deployed capacity rose rather...
Daily Briefing Free to read: Tensions rise as charterers refuse to fix ships with crew-change commitments | Record LNG prices and rates...
Australia tipped as top LNG exporter in 2020 Although full-year revenue from exports slipped in 2020 because of low prices for part of the year, a rebound is...
China Merchants Port Group vice-president resigns Huang has 240,000 share options in the company, which he has yet to exercise, and these will be settled in...
Dingheng Shipping orders six chemical tankers The newbuilds are to be equipped with dual-fuel propulsion systems that can be powered by electricity. They are said to be...
Greenergy announces new UK biofuels plant to produce fuel from waste tires UK transport fuels distributer Greenergy has announced a partnership with Danish firm Haldor Topsoe to produce low-carbon fuels from waste tires.
Europe and Africa residual fuel -- key market indicators this There were signs of some demand for 0.5%S marine fuel emerging in the European market towards the end of last week following a slower start to the year, while tighter availability remains in focus on reduced run rates at European refineries.
Pandemic has resulted in increase of green energy investment: US assistant energy secretary **COVID-19 accelerated trend of poor investment returns in oil and gas **US shale companies flexible to market volatility **Future investment likely to come from Middle East, US
Saudi term allocations to Asian refiners for Feb crude barrels mostly cut by 10-15% **Cuts mostly affect heavier grades **Spot purchasing unlikely to surge
Asia piracy incidents hit 5-year high in 2020, shipping insurance rates firm **War risk insurance premium firm due to maritime threats **Asia-Pacific LR1 tanker rates hit 6 month-high in Dec 2020 **Abducted crew still in captivity in Sulu-Celebes region **Singapore Straits comprise 35% of incidents in 2020
INTERVIEW: Biofuels could be top near-term green shipping solution if given backing : Wallenius Wilhelmsen **Shipping not included in national quotas **Biofuels good choice for existing vessels **Poseidon Principles may not achieve targets
IEA calls for 'urgent' action to cut methane emissions from oil, gas sector **Urges companies, governments, regulators to act **10% drop in emissions in 2020 due to lower output **Emissions could rebound without greater actions
CHINA DATA: 2020 crude throughput rises 3% to 13.51 mil b/d, Dec at 14.19 mil b/d **Dec throughput down on month to clear product stock **Slow demand, narrowing margin cap Jan, Feb throughput **2020 crude output up 1% to 3.91 mil b/d
JAPAN DATA: Nov bonded bunker fuel oil sales rise 4% on year to 2.8 mil barrels **Bonded bunker sales rise for three months in a row **January-November sales rise 12.4% on year
China's 2020 GDP rises 2.3%, robust economic growth expected in 2021 **Q4 throughput hit fresh high 14.2 mil b/d **GDP growth projection at around 8% in 2021 **Oil product consumption to hit 15.4 mil b/d in 2021: Platts Analytics
Asia residual fuel market - Key market indicators this week While bunker demand in the Singapore Marine fuel 0.5% market continued to be lacklustre, the market has been buoyed by demand from utility companies in North Asia amid low fuel inventory and high LNG prices, traders said.
Trafigura's bunker supplier license for Zhoushan sets stage for heated competition: sources **Access to refinery products vital to stay competitive **Government policies, efficiency gains make Zhoushan attractive **Zhoushan port aims breaching 10 mil mt level in bunker fuel sales in 2025
OIL FUTURES: Crude falls as COVID-19 concerns take center stage after outbreak in China "Despite the pullback in prices last week, the market remains supported by Saudi Arabia's output cut," ANZ analysts said.
REFINERY NEWS: Bahrain's Sitra plans maintenance over Feb-Mar for 30 days Bapco is aiming to phase out all fuel oil production by 2025 and focus on diesel and jet fuel.
Singapore MPA's shore-based personnel requirement to not impact bunker ops much Vaccination for shore-based personnel started on Jan. 13, MPA said.
FEATURE: Asian fuel oil market activity gathers pace on re-stocking, utility demand "Last year we never worried about oil for the next month, but now we have to plan," a trader at a western company said.
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