• 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.




2018 February 22

15:29 Port of Tallinn opens passenger terminal A renovated arrivals hall
15:13 MABUX: Bunker market may continue moderate upward evolution next week
15:02 GoodBulk announces delivery of two Capesize vessels
14:40 New product tanker of RTS27M series Balt Flot 20 takes to the water at Krasnoye Sormovo Shipyard
14:02 European Commission issues decision concerning the Violation of European Antitrust Law
13:35 Vostochny Port JSC picks contractors for coal transfer stations Phase 3 project
13:32 HMM reaches over 10,000 TEU in terms of volume of its US Premium Service
13:02 Boskalis receives EUR 300 million Letter of Award for Singapore Finger Pier 3 development
12:24 Northwest Seaport Alliance container volumes decline in January
12:17 Bunker prices in Far East seaports close the week flat
12:12 Rolls-Royce to supply propellers and mission bay technology for UK Royal Navy’s Type 26 Global Combat Ship
10:41 Crude oil futures prices fell 0.81% to $64,89 in London, in New York – by 1.07% to $61,02
10:32 Waterborne freight in Ukraine rose in January by 71.7% to 300,000 tonnes
10:05 CMA CGM announces GRR from the U.A.E. to West Africa
09:18 Waterborne passenger traffic in Ukraine plummets 44.4% in January
09:13 Baltic Dry Index gains to 1146 points
09:05 Konecranes strengthens its bulk handling presence in Japan with a Model 4 mobile harbor crane
08:17 World port accelerator programme PortXL to be launched in Singapore

2018 February 21

19:06 Russia’s State Duma set to change tariff policy to lend a helping hand to inland water transport
18:07 ONE, OOCL and SACO Shipping use booking tool eBooking
17:43 Renovated Stena Line Terminal at Europoort starts operation
17:06 Project to map ocean floor by 2030 now operational
16:52 Rosterminalugol export coal terminal handles 3-millionth tonne YTD
16:22 Zelenodolsk Shipyard to host keel-laying of 11th Buyan-M class corvette, Feb. 23
15:03 Launching of RST27M Balt Flot 20 at Krasnoye Sormovo Shipyard slated for Feb. 22
14:14 NGO Shipbreaking Platform publishes list of ships dismantled worldwide in 2017
13:18 ATOMFLOT says Russia needs nine more icebreakers for the Northern Sea Route by 2025
13:01 Clarksons Platou collaborates with Maersk Line to provide shipping services in Egypt
12:43 Big Port of St. Petersburg imposes ice restrictions in the harbour effective as of March 7, 2018
12:31 Castellammare Di Stabia starts slipway works on the multipurpose amphibious unit
12:10 Rosterminalugol transferred over RUB 1.5bn of taxes to different budgets
12:01 Panama Canal hosts Cheniere Energy to discuss LNG’s Future at the waterway
11:25 MOL car carrier rescues castaways in the North Atlantic Ocean
10:53 Crude oil futures prices edge down 0.8% to $64,73 in London and 1% to $61,17 in New York
10:46 Sovcomflot and Shell ink time-charter agreements for Aframax LNG-powered duo
10:35 Vostochny Port obtains ISO 14001:2015 certificate
09:48 Port of St. Petersburg bunker prices move upward
09:26 Baltic Dry Index rises 2.76% to 1117 points

2018 February 20

18:37 Time is running out to register for the Dangerous Goods: New Requirements for Transportation Conference, March 1, 2018
18:31 Russian association of fishery businesses call to revise a 'fishing quotas per a keel' terms
18:06 AVANZA completes a successful trial with Daikin Reefer
17:38 The Maritime CIO Forume Cyprus 2018 to be held in Limassol, March 27
17:03 DNV GL issues over 50,000 electronic certificates
16:55 RIMS secured a further class approval from Korean Register of Shipping for the use of drones during surveys
16:39 Taganrog Commercial Sea Port spent $156 000 on environment protection in 2017
16:34 Wärtsilä and Maersk Drilling create a joint 25-year strategy for thruster services to increase uptime and reduce costs
16:04 Post-Brexit port health border disruption still a major concern for British ports
15:34 Goltens teams up with Yara Marine on SOx scrubbers
15:21 Taganrog Sea Commercial Port earmarked $74,4 to support social programmes in 2017
15:04 US Navy awards concept design contract to Fincantieri to evolve FREMM into FFG(X)
14:32 Port of Marseille Fos traffic up 8% in 2017
14:02 The largest vessel enters Busan Port since its opening
13:32 Carnival Fascination resumes year-round service from San Juan
13:20 Port of Kavkaz sees a 50% spike in freight volumes, to 1.98 million tonnes
13:09 Rosterminalugol coal exports reach 150-millionth tonne milestone
13:02 Partners start financing waste-to-chemistry project in Rotterdam
12:35 First foundation for the offshore wind farm Kriegers Flak installed in Denmark
12:18 Bunker fuel prices in the Far East ports remain firm
12:07 United Shipbuilding Corp: the floating co-generation plant Akademik Lomonosov is 96% complete
11:32 Rotterdam port diminishes the sale of bunker oil to 9.9 million m3 in 2017