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...
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...
Virginia-based electric utility provider Dominion Energy is proposing the United States’ largest offshore wind development off Virginia’s coast. The proposal is for a 2,600-megawatt commercial offshore wind development that will ramp up to include 220 wind turbines providing renewable energy for up...
By Erwin Seba HOUSTON, Sept 19 (Reuters) – Energy infrastructure on the U.S. Gulf Coast was hit hard by Tropical Storm Imelda on Thursday, as flooding forced a major refinery, a key oil pipeline, terminals and a ship channel in Texas to shut, according to sources familiar with operations....
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).
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.
- One of the orders is on behalf of the ship-owner Tsakos, and
- the other on behalf of Capital Gas Carriers.
Each unit will offer a capacity of 174 000 m...
Finnish shipbuilder Meyer Turku is postponing delivery of Costa Cruise’s new flagship vessel, the LNG-powered Costa Smeralda, by one month, the shipbuilder said in a statement. Meyer Turku attributes the delay to difficulties with the ship’s LNG propulsion and other sophisticated technologies...
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...
- 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...
By William Mathis (Bloomberg) –The U.K. is set to open the first contest in a decade intended to draw as much as 20 billion pounds ($25 billion) of investment in offshore wind farms. The move in a competitive auction for leases where developers can plant large-scale turbines at sea will bring at...