As Operating Cost Increases, Car Fuel Will Become Expensive

From next January, tens of thousands of ships will have to switch to new, less polluting fuels, a revolution that may increase the cost of shipping but also prices at the pump for motorists, reports New Mobility News.

Backdrop of this

To limit the highly toxic sulfur dioxide emissions produced by the vast fleet of nearly 80.000 ships that travel the seas, IMO (International Maritime Organization) decided in 2016 that the sulfur content of marine fuel oil should be reduced from 3,5% to 0,5% as of...

https://mfame.guru/as-operating-cost-increases-car-fuel-will-become-expensive/

Shipping Coalition Urges ‘All Parties To Play Their Part’ for Faster & Better 2020 Adoption

In a major development, a coalition of shipping trade associations has announced that  shipping is not ready to safely implement IMO 2020 low-sulfur fuel rules by the start of next year, says an article published in Freight Waves. 

Standard Discrepancies Loom?

Unless some form of emission abatement technology such as scrubbers has been installed on vessels, the new International Maritime Organization (IMO) regulations mandate that the sulfur content of fuel oil used by ships operating outside...

https://mfame.guru/shipping-coalition-urges-all-parties-to-play-their-part-for-faster-better-2020-adoption/

IMO Abets Global Maritime Sustainable Development Goals

IMO has delivered the latest in a series of initiatives designed to help put the maritime sector into the mainstream of plans and initiatives to achieve the global Sustainable Development Goals (SDGs), agreed by world leaders in 2015, says an article published on their website.

What is UNSDCF?

The United Nations development system collectively supports countries working to achieve the SDGs through a mechanism called the United Nations Sustainable Development Cooperation Framework (UNSDCF). 

Through...

https://mfame.guru/imo-abets-global-maritime-sustainable-development-goals/

GTT Wins LNG Tank Design Orders from HHI

French LNG containment system specialist Gaztransport & Technigaz (GTT) announced that it has received two orders from the Korean shipyard Hyundai Heavy Industries (HHI), reports LNG Industry.

Tank design orders

GTT has received two orders from the Korean shipyard Hyundai Heavy Industries (HHI), each concerning the tank design of a new LNG carrier.

  1. One of the orders is on behalf of the ship-owner Tsakos, and 
  2. the other on behalf of Capital Gas Carriers.

Each unit will offer a capacity of 174 000 m...

https://mfame.guru/gtt-wins-lng-tank-design-orders-from-hhi/

Will Product Tanker Fleet Really Benefit from IMO 2020?

While IMO 2020 is expected to bring great benefits to the product tanker market, the geopolitical situation yet could dampen its impact, says an article published in Riviera Maritime Media.

Ship fuels from refinery to port

The general expectation that something momentous will happen in the product tanker market in 2020. 

The expectation is due to the need to ship large quantities of low-sulphur fuel, marine diesel oil and/or blended fuels from refinery to port.

IMO 2020 prophecy 

This is expected to...

https://mfame.guru/will-product-tanker-fleet-really-benefit-from-imo-2020/

BPCL Unveils Plan To Invest in LNG Floating Terminal Function by 2020

  • BPCL plans to invest Rs 1,500-1,700 crore in building a floating liquefied natural gas import terminal at Andhra Pradesh.
  • BPCL is also a co-promoter of Petronet LNG Ltd, along with IOC, GAIL India, and Oil and Natural Gas Corp.
  • It is also a co-promoter of  Indraprastha Gas in Delhi with GAIL; Sabarmati Gas in Gujarat with GSPL; Maharashtra Natural Gas and Central U.P. Gas with GAIL.

According to an article published in Business Standard, Bharat Petroleum Corp Ltd plans to invest Rs 1,500-1,700...

https://mfame.guru/bpcl-unveils-plan-to-invest-in-lng-floating-terminal-function-by-2020/