China’s Sinopec Plans 100-Barge Fleet to Ship 2020-Compliant Fuel -Source

By Chen Aizhu SINGAPORE, Nov 13 (Reuters) - China's Sinopec Corp plans to build a fleet of 100 barges over the next three years to supply marine fuel compliant with new global emission standards, said a Chinese shipping executive with direct knowledge of the matter. In what would be one of the top Asian refiner's biggest shipping investments, Sinopec hopes the fleet would … [Read more...]

Euronav Picks Malaysia Port for Low Sulphur Fuel Hub

By Roslan Khasawneh KUALA LUMPUR, Nov 12 (Reuters) - Belgian tanker operator Euronav signed a service agreement on Tuesday making Malaysia's Linggi Port its supply base providing low-sulphur marine fuels and other services for ships plying East-of-Suez routes, the port operator said. "Linggi has a massive advantage, (being) right next to one of the busiest shipping lanes … [Read more...]

Ships Set to Burn Raw Crude Oil to Beat New Clean Fuel Rules

By Jack Wittels and Alex Longley (Bloomberg) --For almost three years, the oil industry has been puzzling over how to supply merchant ships with fuel that will meet tough new environmental standards. Turns out part of the solution was sitting in the ground and under ocean floors all the while: crude oil. Oil from off the U.K.’s coast, which requires blending -- but no … [Read more...]

New Low-Sulphur Marine Fuel Trade Begins in Singapore

By Roslan Khasawneh SINGAPORE, Sept 25 (Reuters) - S&P Global Platts on Wednesday reported the first physical cargo trade for low-sulphur fuel oil (LSFO) with a maximum 0.5% sulphur content in Singapore ahead of a sulphur cap by the International Maritime Organization (IMO) next year. The milestone trade comes ahead of the IMO regulations that will reduce the permissible … [Read more...]

Shipping Fears Low Sulphur Fuel Switch Could Lead to Accidents

By Firat Kayakiran (Bloomberg) --The global shipping industry is about to undergo one of the biggest changes in its recent history with concerns lingering about just how safe the shift is going to be. Starting in January, vessels the world over will have to drastically reduce sulfur content in their fuel to comply with rules set out by the International Maritime Organization … [Read more...]