By Roslan Khasawneh SINGAPORE, Nov 8 (Reuters) - Singapore is pushing the shipping industry to use cleaner fuels such as liquefied natural gas (LNG) in a bid to reduce the city state's carbon emissions, the Maritime and Port Authority's (MPA) chief said on Friday. The country is introducing incentives for ships to install engines that use alternative fuels with lower carbon … [Read more...]
Floating Storage of 2020-Compliant Fuel Builds Off Singapore
By Roslan Khasawneh SINGAPORE, Oct 25 (Reuters) - Stockpiles of low-sulphur marine fuels held in floating storage around the Singapore trading and pricing hub are steadily growing ahead of a 2020 global deadline for rules that have shaken the global oil refining and shipping industries. A total of 32 ships, mostly supertankers capable of carrying 300,000 tonnes or more of … [Read more...]
COSCO Unit’s Tanker Delivers Oil to Exxon in Singapore
By Florence Tan and Shu Zhang SINGAPORE, Oct 10 (Reuters) - A supertanker owned by a subsidiary of COSCO Shipping Tanker (Dalian), under U.S. sanctions for allegedly transporting Iranian oil, has docked in Singapore to discharge Middle East crude, shipping data on Refinitiv Eikon showed on Thursday. The Coswisdom Lake, a very large crude carrier (VLCC) capable of holding 2 … [Read more...]
Singapore Stockpiles Boatloads of 2020-Compliant Fuel
By Roslan Khasawneh SINGAPORE, Oct 3 (Reuters) - Singapore stockpiles of low sulphur marine fuels held in floating storage are swelling ahead of a 2020 global deadline for rules that are said to mark the shipping industry's biggest fuel transition since it moved from burning coal to oil. The International Maritime Organization (IMO) has banned ships from using marine fuels, … [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...]