Suez Canal OKs HFO and Bans Use of Open-Loop Scrubbers

By Mike Wackett (The Loadstar) - Despite the recent introduction of low-sulphur regulations, the Suez Canal Authority (SCA) will continue to allow ships transiting the waterway to burn heavy fuel oil (HFO) without the need for scrubbers. Adding to the confusion for ship managers is a ban by the SCA on the discharge of wash water – used in the open-loop scrubber process – … [Read more...]

Rising Prices Show Tighter Supplies of Cleaner Fuel for Global Shipping

By Stephanie Kelly and Collin Eaton NEW YORK, Jan 9 (Reuters) - The price of very low-sulfur fuel oil has risen in recent months, a sign of increasing worry there is not enough of the fuel to comply with new global shipping laws that took effect this year, market participants said. Very low-sulfur fuel oil (VLSFO) lately has started to trade at levels comparable to marine … [Read more...]

Rising Low-Sulphur Fuel Costs Begin to Bite Shipping Lines in Asia

By Mike Wackett (The Loadstar) - Although the 1 January switch to maximum 0.5% low-sulphur fuel for shipping appears to have passed without major disruption, liner consultancy Alphaliner has reported instances of idle containerships waiting for compliant fuel. The consultant said it had recorded “several cases of laden ships at anchor, apparently waiting for LSFO … [Read more...]

Iceland Bans Use of Heavy Fuel Oil

Iceland is moving to ban the use of heavy fuel oil as the Nordic island nation looks to clean up air quality in and around its coastal areas.  The new regulation was issued this month as an amendment to existing regulations by Iceland’s Ministry for the Environment and Natural Resources. The amendment reduces the maximum allowable sulphur content of marine fuels … [Read more...]

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...]