Pipelay for Nord Stream 2 Starts in Finland

The offshore pipelay vessel Solitaire started the pipelay for the Nord Stream 2 natural gas pipeline in the Gulf of Finland on Wednesday.

Gazprom's Nord Stream 2 will link Russia and Germany, supplying Russian natural gas to Europe. It is scheduled to be operational next year and will largely follow the route and technical concept of the Nord Stream pipeline. The new gas pipeline will be able to supply 55 billion cubic meters of gas per year, which will be sufficient to provide 26 million...


Goldman: Non-Compliance Will Provide HFO Demand Post-2020

In a report released this week, Goldman Sachs suggested that non-compliance and the use of scrubbers will substantially reduce the shift to low-sulfur fuel after the IMO 2020 sulfur cap takes effect. 

In the report, Goldman analysts said that they expect that over 3,100 vessels will have scrubbers by 2020, much higher than competing forecasts for 1,700-2,000 installations. And since scrubbers make more economic sense on vessels that consume large amounts of fuel, Goldman notes, most of these...