Diesel Traders See Shortage, but not yet
Gasoil traders expect the middle distillates market to stay well supplied until almost the end of 2019 before swinging into deficit with the introduction of new maritime fuel regulations.Calendar spreads for low-sulphur gasoil delivered to Europe's Amsterdam-Rotterdam-Antwerp hub are currently in contango through until October before shifting to backwardation from November onwards (https://tmsnrt.rs/2WgXabR).In futures markets, contango structures, where future contract prices are higher than front-month prices, are associated with expectations of adequate or rising inventories.
Global Cruise Industry Out in Front on Sustainability
The Cruise Lines International Association (CLIA) has underscored the global cruise industry’s commitment to sustainability work in keynote speeches delivered by CLIA Chair Adam Goldstein to The Economist’s 2019 World Ocean Summit in Abu Dhabi, and in Berlin at ITB, a leading travel trade show.In his remarks, Goldstein highlighted the importance marrying growth opportunities with sustainability: “The water around and below us, the air above us, the communities around us, the people who work for us…
Scrubber Safe for Environment: Carnival
Carnival Corporation has released the results of an independent, two-year scientific scrubber wash-water study.The study shows the company’s advanced air quality systems (i.e. scrubbers) are in compliance with the International Maritime Organization’s (IMO) 2020 requirements, which include regulations for cleaner air emissions and strict wash-water quality standards.The study also concluded that the wash-water samples from scrubbers were below the limits set by several major national and international water quality and land-based water discharge standards…
UAE's Fujairah to Ban Ship Exhaust Cleaner When IMO 2020 Kicks In
The port of Fujairah in the United Arab Emirates has decided to ban the use of a type of ship exhaust cleaner, becoming the latest location to impose restrictions on so-called open-loop scrubbers, a port document showed.In recent months, many shipping companies have opted to fit scrubbers onboard their ships, ahead of major changes in the use of marine fuel across the world.The International Maritime Organization (IMO) will prohibit ships from using fuels with sulphur content above 0.5 percent from Jan.
CSA 2020 Appoints Adams as Executive Director
The Clean Shipping Alliance (CSA) 2020 has contracted Maritime AMC (MAMCL), a UK-based association management company, to provide secretariat services, and appointed Ian Adams as its Executive Director.The membership body, whose members include more than 30 shipowning companies, was established last year to provide scientific-based information and research on the emissions abatement performance and environmental benefits of closed- and open-loop exhaust gas cleaning systems.CSA…
Scrubber Manufacturers Slams Singapore Open-Loop Scrubbers Ban
Exhaust Gas Cleaning Systems Association (EGCSA) has attacked Singapore's restrictions on open-loop versions of the systems as "disappointing" and "politically motivated."The scrubber manufacturing industry body said in a press release: "The recent announcement by the outgoing CEO of the Maritime and Port Authority of Singapore (MPA) banning the discharge of process water from open loop scrubbers for vessels visiting Singapore came without prior notice or discussion with the IMO…
MPC Container Ships Buys More Scrubbers
Norwegian oner and operator of container vessels MPC Container Ships (MPCC) has exercised options to equip additional five vessels with exhaust gas cleaning systems.The scrubber investments are expected to be financed with cash on hand and available debt capacity on the MPCC's existing fleet.The Oslo-headquartered company said in a press release that it has also agreed charters for six scrubber-retrofitted boxships."The charterparties will be initiated after scrubber retrofitting and with a duration into 2022.
Hapag-Lloyd Commits to EGCS Retrofitting
German container shipping major Hapag-Lloyd announced its plan to retrofit ten vessels with Exhaust Gas Cleaning Systems (EGCS). Ten Hamburg Class vessels (13,000 TEU) to be retrofitted in 2019 and 2020, it said.Hapag-Lloyd has ordered ten Hybrid Ready Exhaust Gas Cleaning Systems (EGCS), which will be gradually installed to ten of Hapag-Lloyd’s Hamburg class vessels (13,000 TEU) during 2019 and 2020. This will allow the company to comply with the upcoming IMO2020 low sulphur…
MPC Container Ships Plans Huge Investment in Scrubbers
The Oslo-based feeder tonnage owner MPC Container Ships has committed to buy exhaust gas cleaning systems (scrubbers) for five of its ships, with an option to buy ten times as many additional scrubber systems.Under the agreement, the scrubbers would be retrofitted on five selected vessels within the company’s fleet prior to the January 1, 2020 implementation date of the new sulphur emission cap regulation, as set forth by the International Maritime Organization (IMO).Norwegian…
Seanergy Maritime to Install Scrubbers on its Capesize Fleet
Seanergy Maritime Holdings Corp. announced that it has entered into commercial agreements for the installation of exhaust gas cleaning systems (scrubbers) on five of its capesize bulk carriers before the January 1, 2020 implementation date of the IMO sulfur emission cap regulations.Upon completion of the installations scheduled for Q2 and Q3 2019, the vessels will commence index linked period employment with three leading dry-bulk charterers ranging in durations between three and five years.Stamatis Tsantanis…
More Ships Adding Scrubbers ahead of 2020
An increase in the number of ships adding cleaning systems to their smokestacks will mean vessels will continue to burn a sizable amount of fuel oil once new sulphur regulations for the fuel go into effect, Vienna-based consultancy JBC Energy said on Tuesday.Ships installed with exhaust gas cleaning systems, known as scrubbers, are expected to burn 600,000 barrels per day (bpd) of high-sulphur fuel oil (HSFO) in 2020 when the new rules from the International Maritime Organization (IMO) start…
Cargill Aims to Cut Ship Emissions 15% by 2020
Cargill Inc aims to cut carbon emissions from its international shipping unit by as much as 15 percent by 2020, to meet U.N. regulations to reduce pollution and demands from some of its food manufacturer customers for more environmentally-friendly operations.The global commodities trader, which was scheduled to announce the emissions goal late on Monday, told Reuters the reduction of CO2 per cargo-ton-mile was targeted at its time-chartered fleet. But overall, Cargill plans to cut total greenhouse gas emissions on an absolute basis across all company operations by 10 percent by 2025.Cargill…
ClassNK Updates Scrubbers Guidelines
Classification society ClassNK said it has released the second version of its Guidelines for Exhaust Gas Cleaning Systems. Based on the first version Guidelines released in August 2014, the latest version includes the results of joint research and testing on actual Exhaust Gas Cleaning Systems. In an effort to reduce SOx and PM emissions from ships, MARPOL Annex VI limits the maximum allowable amount of sulphur contents of fuel oil used onboard globally, as well as place stricter requirements in geographically defined Emission Control Areas (ECA).
First Ship with IMO Tier III EIAPP Engines Launched
The launch of the L’Astrolabe, a 72 metre polar logistics vessel fitted with a complete Wärtsilä propulsion machinery package and Wärtsilä NOR (NOx Reducer) SCR (Selective Catalytic Reduction) exhaust gas cleaning systems for all the main engines, took place on July 12. This is the first vessel operating with the International Maritime Organisation’s IMO Tier III EIAPP (Engine International Air Pollution Prevention) certified Wärtsilä diesel engines. The ship was built by PIRIOU (France) for the French Southern and Antarctic Lands Administration.
ICS Applauds IMO Roadmap for Enissions Reduction
The International Chamber of Shipping (ICS) has applauded the agreement, last Friday, by the IMO Marine Environment Protection Committee (MEPC) to develop a comprehensive Roadmap for addressing CO2 emissions from international shipping – with initial CO2 reduction commitments to be agreed by IMO by 2018. However, ICS says the IMO Road Map will go much further than the Paris Agreement. “The final stage of the Road Map to be enacted by 2023 should establish a global mechanism for ensuring that these IMO CO2 reduction commitments will actually be delivered.” said Peter Hinchliffe.
Carnival to Cut GHGs by 25%
Carnival Corporation has renewed its goal to reduce greenhouse gas emissions by 25 percent from its 2005 baseline by 2020, according to a recent announcement of the travel and leisure company’s 2020 sustainability goals. Carnival Corporation, the world's largest travel and leisure company, today announced its 2020 sustainability goals, reinforcing its commitment to the environment, guests, employees and communities. With 10 global brands, 100 ships and 11 million annual guests…
Oil Prices Should Not Impact Dual-fuel LNG Carriers
Joe McGladdery, a partner with the London law offices of Wikborg Rein & Co, says that, while falling oil prices have exerted pressure on the LNG charter markets, the new generation of low-speed, dual-fuel LNG carriers now in service and on order remain an attractive option for owners and operators. McGladdery notes, “As a result of the oil price collapse, energy companies are reducing capital budgets to protect against falling revenues. Given the investment levels needed to sustain an LNG production project, the final decision to proceed with a number of projects has been put on hold.
Maersk Demonstrates BELCO Scrubber Technology
Belco Technologies Corporation (BELCO), a wholly owned subsidiary of DuPont, has partnered with the Maersk Group to successfully demonstrate BELCO Marine Scrubber technology aboard the Maersk Tukang, a containership with max TEU Capacity of 8,112. The BELCO Marine Scrubber was tested over six days in May 2014 as it sailed from the Port of Algeciras, Spain, to Genoa, Italy. Representatives from BELCO and Maersk were on board, along with a surveyor from the American Bureau of Shipping who was there to witness and monitor the full testing as the system awaits class certification…
ICS Calls for Harmonized ECA Inspections
The International Chamber of Shipping (ICS) is encouraging the Paris Memorandum of Understanding on Port State Control to ensure that a harmonized approach to PSC inspections has been developed in advance of the January 1, 2015 deadline with respect to the implementation of the 0.1% Sulphur Emission Control Areas (ECAs), established in accordance with MARPOL Annex VI. ICS has underlined the shipping industry’s commitment to full compliance with the IMO sulphur ECA requirements from January 2015.
IMO’s MEPC Set to Adopt Polar Code Provisions
The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) meets for its 68th session from May 11-15, 2015, at IMO Headquarters in London. Items on the agenda include the proposed adoption of the environmental part of the Polar Code and associated draft MARPOL amendments to make the Code mandatory; the implementation of the Ballast Water Management Convention; further work on air pollution and energy efficiency measures; and a proposal to extend the Great Barrier Reef and Torres Strait Particularly Sensitive Sea Area (PSSA) to parts of the Coral Sea.
Carnival to Drydock 32 Ships by 1H 2016
In the quest meet stringent new emissions regulations, cruise industry major Carnival Corp. earlier this month reached an agreement in principle with the U.S. Environmental Protection Agency (EPA) and Coast Guard to develop its own advanced emission control technology to be used in waters surrounding U.S. coasts. The plan calls for the cruise major to drydock 32 ships between now and the first half of 2016. According to the EPA, Carnival will develop and deploy a new exhaust gas cleaning system on up to 32 ships over the next three years to be used in Emission Control Areas (ECA’s)…
Hyde Appoints LEMAG Engineeing as German Agent
Hyde Marine, Inc. has announced the appointment of LEMAG Engineering GmbH as its exclusive sales agent in Germany to help ship owners deploy the chemical-free Hyde GUARDIAN Gold Ballast Water Treatment System (BWTS) onto their new builds or existing vessels. Hyde Marine, a wholly owned subsidiary of Calgon Carbon Corporation (NYSE: CCC), is one of the world's fastest growing ballast water treatment (BWT) technology companies with more than 420 orders for its ballast water treatment system.
ClassNK's Guidelines for Exhaust Gas Cleaning Systems
Leading classification society ClassNK announced that it has released Guidelines for Exhaust Gas Cleaning Systems. These guidelines cover class safety requirements as well as safety requirements stipulated in the IMO guidelines. The MARPOL Convention Annex VI has placed phased limits on the maximum allowable amount of sulphur in fuel oils used by vessels globally, as well as stricter requirements in geographically defined emission control areas. Under the regulation, more stringent limits will be enforced over time.
IMO: New ECA Sulfur Limits FAQ
Ships trading in designated emission control areas will have to use onboard fuel oil with a sulfur content of no more than 0.10% from January 1, 2015, against the limit of 1.00% in effect up until December 31, 2014. To help provide further clarification on the new regulations, the International Maritime Organization (IMO) has published a frequently asked question (FAQ) list, available here: http://www.imo.org/MediaCentre/HotTopics/GHG/Documents/sulfur%20limits%20FAQ.pdf. The stricter…
The Evolution of Classification Societies
The role of Classification societies is ever changing, with significant material impact on the maritime market. In this edition, MarPro helps set the stage to and through 2020, with insights from leaders in Class on the burning issues. What has been the biggest evolution of class in the past five years? Roberto P. Cazzulo, RINA: Over the past years, there has been a big evolution of class rules into the new Goal Based Standards. The GBS are a way to establish a close link between class rules with goals and functional requirements established by the IMO.
Yara Marine to Deliver 6 Scrubbers for LPG Carriers
Yara Marine Technologies (former Green Tech Marine) – a world leading scrubber supplier – has won a contract to deliver 6 exhaust gas cleaning systems (“scrubbers”) to an undisclosed ship-owner in 2015. The vessels are currently under construction at Hyundai Mipo Dockyard in Korea, and will be supplied to the owner in 2016. The vessels will be trading mainly in the North European ECAs (North Sea and Baltics). By using the Green Tech Marine® scrubbers, ship owners can continue to operate on heavy fuel oil instead of more costly marine gas oil…