• 2017 October 12 07:43

    ExxonMobil survey reveals no clear route to compliance with 2020 global sulphur cap

    A marine industry survey conducted by ExxonMobil finds that the route to compliance with the International Maritime Organization (IMO) 2020 0.5% global sulphur cap is unclear for many vessel operators.

    Results highlight an ongoing sense of confusion and lack of preparedness, with 70% of respondents saying that they do not believe the industry is ready for the deadline. The makeup of the marine fuel mix in 2020 and beyond is a clear area of concern, with wide-ranging views from the industry on how the landscape will evolve, ExxonMobil said in its press release.

    Thirty-two percent of those surveyed predict that a combination of heavy fuel oil, marine gas oil and fuels and blends will be used, while 69% believe the cap will lead to the development of new low sulphur fuels.

    “At ExxonMobil we expect that new 0.5% fuel formulations will emerge, based on low sulphur refinery streams, in addition to novel fuel blends,” said Iain White, Global Marine Marketing Manager at ExxonMobil. “As a result, it’s likely we will see increased compatibility and stability problems, which will make purchasing fuels from a trusted supplier more important than ever.”

    The cost implications of the cap were also highlighted as a potential challenge; with 53% of respondents predicting an increase in fuel spend.

    When asked about the uptake of liquefied natural gas (LNG), 31% of respondents believe there will be a growth in its adoption as a marine fuel. These findings align with ExxonMobil’s 2017 Outlook for Energy: A View to 2040, which predicts that by 2040 global LNG consumption will rise to more than two and a half times the 2015 level.

    Forty-five percent of respondents predict an increased investment in abatement technologies (scrubbers). However, only 11% said they were actively looking to install a scrubber before 2020, with 40% citing a lack of economic clarity as a reason for forgoing investment.

    “The results of this survey show that that we are heading to a multi-fuel future and that there is not one obvious fuel solution that will apply to all vessels,” said White. “To avoid the pitfalls that may lie ahead, it’s vital that operators work closely with trusted fuel suppliers to ensure that they select the best route to compliance for their vessel’s needs.”
     
    About ExxonMobil Marine
    ExxonMobil Marine, a division of ExxonMobil, is a world leader in the marine industry, with more than 100 years of innovation behind marine products and services. ExxonMobil products and services can help operators maximise cost savings by improving fuel measurement, extending oil life, reducing consumption and improving equipment life.




2017 October 23

18:06 Ocean Change requires solutions - UN Oceans Envoy
17:50 Passenger Port of St. Petersburg welcomed one cruise ship last week
17:36 Hyundai Heavy Industries contracts Kelvin Hughes to supply I Band and E/F Band SharpEye™ radars
17:06 Yang Ming provides North Europe-East Med Express
16:46 Cruise shipping season closes in Kiel
16:44 Black Sea Fleet major amphibious ship Azov completed visit in Pylos, Greek port
16:16 RF Ministry of Industry and Trade is planning subsidies to cover costs on construction of shipbuilding complex “Zvezda”
15:55 Cargo transportation by Ukraine’s water transport down 12.3% to 4.2 mln t in 9M’17
15:28 Szczecin and Świnoujście Seaports Authority announces 6.3-pct growth of cargo handling
15:03 Wärtsilä to supply waterjets for a new high speed ferry for Naviera Armas
14:32 Krasnoye Sormovo shipyard launches third chemical carrier of Project RST27М built for BF Tanker
14:03 HHLA Container Terminal Tollerort puts into service three gantry cranes
13:37 305 units of large-size equipment for ZapSibNeftekhim delivered in navigation period of 2017 (photo)
13:10 Average wholesale prices for М-100 HFO down to RUB 12,170 in RF spot market
13:00 TTS Group ASA secures two new contracts with Cosco (Dalian) Shipyard for delivery of two shipsets of cargo cranes and two shipsets of hatch covers
12:56 Port of Helsinki number of international cruise ship passengers up to 478,000 in 2017
12:47 WMU President delivered keynote opening address of Maritime Conference Bahamas 2017
12:26 Mexican port security officials undergone training on complying with IMO’s ISPS Code
11:58 ESL Shipping's LNG-powered dry cargo vessel Haaga successfully launched at Jinling Shipyard
11:31 Seatruck installs its own Optimarin BWT systems during normal service
11:15 Damen and Corrosion host anti-fouling seminar
10:41 Valcom LLC supports conference “LNG Fleet and LNG Bunkering in Russia” as its Sponsor
10:20 Brent Crude futures price up 0.26% to $57.90, Light Sweet Crude – up 0.52% to $52.11
10:02 Nakilat announces financial results for third quarter of 2017
09:49 Vympel Shipyard launches lead high-speed passenger-carrying hydrofoil of project 23160, Kometa 120М (photo)
09:18 Baltic Dry Index up to 1,578 points
02:14 Essar Projects congratulates GMB for inauguration of India’s first Ro-Ro ferry project

2017 October 22

15:47 Navantia and General Electric sign a license agreement
15:45 Maersk Line lands award for sustainability collaboration
15:43 Scorpio Bulkers announces the financing of a Kamsarmax vessel in Japan
15:42 Aker Solutions ASA posts results for Q3 2017
15:39 General Dynamics NASSCO christens USNS Hershel “Woody” Williams
15:36 Nb. 445 ‘Snow Crystal’ launched at the Westerbroek yard of Ferus Smit
15:34 Wärtsilä signs maintenance agreement with GasLog LNG Services for eight LNG carriers

2017 October 20

18:31 Finnpilot Pilotage Ltd joins the ITS Finland network
18:10 Kari Wihlman appointed as Director-General of Finnish Transport Agency with effect from 1 January 2018
17:47 Rosmorport appoints Oksana Masyuk as Deputy Director for Economics and Finance of its Arkhangelsk Branch (photo)
17:19 Russian Railways's loading of export freight from ports increases by almost by 6% in 3 quarters of 2017
16:56 Scandlines Helsingborg-Helsingör expands capacity
16:28 USPA announced tender for construction of berth 1-z in Port of Odessa
16:03 Wärtsilä's asset and lifecycle management agreement lets GasLog concentrate on its core business
16:00 Wilson Sons Shipyards delivers SST-Aruá to SAAM SMIT
15:31 In 9M’17, TransContainer transported 1.31 mln TEUs, up 17.7% Y-o-Y
15:03 Otto Energy starts drilling of the ST 224 #1 well
14:29 Opening ceremony of Russian-Indian international Indra-2017 exercise held in Vladivostok
14:02 d’Amico International Shipping launches the first three LR1 vessels
13:30 Sea transport of Sevastopol carried 660,400 passengers in September 2017, down 3.2%, Y-o-Y
13:02 ICTSI orders hybrid RTGs for Manila flagship
12:44 Draft procedure for investment port duty assessment is available at federal portal for legal information (document)
12:22 Aker Solutions wins order for world's largest umbilicals system
12:19 APL starts new Korea China Straits service
12:05 LNG reloading station of Klaipėdos nafta applies highest safety standards
11:37 Major ASW ship Vice Admiral Kulakov enters the port of Alexandria
11:08 Zvezda Shipbuilding complex, Rosnefteflot and Taimyrneftegaz agreed to build and operate 10 Arctic shuttle tankers
10:43 Conference “LNG Fleet and LNG Bunkering in Russia”: registration is underway
10:20 Brent Crude futures price up 0.24% to $57.37, Light Sweet Crude – up 0.33% to $51.46
09:59 Innovative passenger catamaran Grifon presented in Saint-Petersburg (photo)
09:32 Bunker prices are slightly up at the Port of Saint-Petersburg, Russia (graph)
09:14 Baltic Dry Index up to 1,582 points

2017 October 19

18:01 Record shipment marks ABP Ipswich and Glencore support of UK farmer