• 2018 August 14 15:21

    Vessel Performance Optimisation Forum Singapore initial speakers announced

    Vessel Performance Optimisation Forum will be held 9 October 2018 at Grand Copthorne Waterfront Hotel, Singapore.
    Higher fuel prices, tighter regulation, and a commitment to a greener future are changing the way the shipping industry does business. Greater insight into vessel performance is available through high-tech monitoring systems and digital twins, but it is vital to understand why a parameter is being monitored and what the data shows in order to adjust a vessel’s operation to make it more efficient and attractive to charterers.

    The 2020 sulphur-in-fuel oil cap brings new challenges. Largely, the availability of fuel and the consequences to shipowners and operators if obtaining compliant fuel is not possible. With more fuel blends available to meet the 0.5 per cent limit, no two ports will supply the exact same composition of fuel. Even a slight change in quality between fuels can lead to substantial issues with engine performance and breakdown, as the recent problem in the US Gulf illustrates. The industry needs clarity on which fuels will be available and where they will be to make decisions now for 2020.

    Ships may choose to retrofit scrubbers or covert to LNG to avoid the problem of low sulphur fuel availability. They require larger CAPEX investments, but OPEX may be lower as low sulphur fuel costs are expected to rise. Shipowners and operators must weigh up the options and understand which investments make financial sense and what financial assistance they may be able to obtain.

    VPO Singapore 2018 will consist of three key sessions to identify and discuss the approaches to better ship performance through monitoring, fuel management, and financing technologies for change.

    Confirmed speakers include:

    • Mike Konstantinidis, Co-Founder and CEO at METIS Cyberspace Technology SA
    • Chris Turner, Manager Bunker Quality and Claims at Integr8 Fuels
    • Sammy Six, Marine Fuels Pricing Analyst, Argus Media
    • Avinash Kadam, Managing Director, RK Marine Consultancy
    • Bakkelund, Head of Shipping Asset Finance Asia, National Australia Bank
    • Rajat Saxena, Manager Performance & Efficiency, Epic Gas

    ….And many more to be announced

    Session 1: Monitoring and management for performance gains
    Monitoring a vessel is essential to acquiring information about a vessel’s operation. Uncertainty on fuel availability and cost post 2020 sulphur cap means that it is vital for shipowners and operators to understand how to monitor for efficiency and regulatory compliance. This opening session will look at how the monitoring of vessels is advancing, how new data is being generated, and how the industry is learning to understand and use this data to calculate fuel savings and improve vessel performance.

    Session 2: Fuel management and bunkering for 2020 compliance
    With a cap on sulphur in fuel oil to enter into force in 2020, there is pressure on suppliers to ensure compliant fuels are available worldwide and pressure on owners and operators to obtain this fuel in good time. There is a risk of incompatibility when bunkering from different ports around the globe and the recent problems in the US Gulf with machine damage and breakdown due to contaminated fuel has raised this concern further.
    This second session will look at the fuel availability market in 2020 and ask the question, will oil suppliers be able to meet the demand for low sulphur and ultra-low sulphur fuel? If this fuel is not available and ship operators cannot comply, will the IMO penalise them? The session will also discuss the option for alternative fuels, particularly LNG. While it is evident that LNG is gaining ground as a marine fuel, predictions from recent industry reports suggest marine scrubbers and low-sulphur fuel blends will be the primary compliance options. The session will address whether LNG will be a short or long-term strategy, and what the long-term outlook for alternative fuels like biofuel and methanol is.


    Session 3: Investing for fuel efficiency
    Rising fuel prices and tighter regulation means that fuel efficiency is imperative. However, technologies to improve efficiency and reduce emissions are expensive, while the retrofit process and additional training crew will need to undertake to operate them requires further financial investment. This last session of the day will look at the options available for financing fuel efficient and compliant ships, and discuss the cost vs benefit of retrofitting a scrubber, using low sulphur fuel, or converting a vessel to LNG – the three predominant strategies for 2020 compliance. The session will also address whether the financial infrastructure needs to change to support a fuels and emissions focussed shipping industry.

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2019 July 18

18:05 Future expectations for MPS Terminal 3 in the port in Tema outlined with Government delegation
17:24 PGNiG acquires interest in another gas field in the North Sea
17:18 DNV GL supports 2020 sulphur compliance with online Ship Implementation Plan
17:05 OOCL announces new Middle East / Indian Subcontinent – North Europe Service
16:35 Consortium including DEME and Jan De Nul explores pioneering high-wave offshore solar technology
16:07 Large maritime market players join hands to create high-wave offshore solar panels
15:52 State Duma makes it easier for foreign tourists to visit Russia’s Arctic
15:35 Incat Tasmania delivers new 111-metre ferry to Spain operator Naviera Armas
15:18 Hapag-Lloyd launches South-East India – Europe Express Service // IEX to start operations in October 2019
15:01 Operation ATALANTA welcomes ESPS CANARIAS
14:26 Bunker prices are slightly down at the Far East ports of Russia (graph)
14:00 Diana Shipping announces time charter contract for m/v Selina with Ausca
13:44 PortNews Media Group's anniversary celebration photo release
13:22 Aleksey Khaidukov as President of Novoship
13:00 Global Ports Holding invites proposals for Duty Free and Travel Retail operations at Malaga, Zadar, Cagliari and Catania cruise ports
12:47 East Mining Company eyes arranging offshore transshipment of coal in Kamchatka under Tata project
12:09 Wärtsilä posts financial results for January-June 2019
11:53 Construction of LNG-powered icebreakers to be financed by NOVATEK – Vyacheslav Ruksha
11:31 RF Deputy PM Maksim Akimov set a task to begin dredging in the Gulf of Ob not later than on 1 August 2019
11:09 Port of Muuga strengthened with new ferry connection to Finland
10:48 Primorsky MRC terminal to offer fully closed transshipment of loose cargo
10:30 MAN Energy Solutions gets subsea compression FEED order from Chevron
10:09 Port of Lowestoft names new state-of-the-art pilot boat
09:56 MABUX: Bunker market this morning, July 18
09:50 APM Terminals Callao launches Peru’s first digital customer platform
09:34 Brent Crude futures price is up 0.17% to $63.77, Light Sweet Crude – up 0.02% to $56.79
09:16 Baltic Dry Index is up to 2,064 points

2019 July 17

18:13 USCG responds to boat collision, assists 4 injured
17:55 LNG vessels to protect environment and increase container turnover at the Port of Riga
17:32 YAMAL LNG obtains certification for the new ISO 45001:2018 and confirms compliance with ISO 14001:2015
17:03 Qatargas delivers 3000th LNG cargo to Japan
16:48 Maslovoz-2 tanker left floating dock of Novorossiysk Ship Repair Yard
16:21 Krasnoye Sormovo delivers the Aleksandr Zuyev, dry cargo carrier of Project RSD59, to STLC
16:03 Safe Bulkers, Inc. announces installation and commissioning of the first scrubber on MV Martine
15:44 Germany accedes to ship recycling convention
15:27 South Africa accedes to compensation regime for hazardous and noxious cargoes
15:02 BHP to introduce low emissions LNG freight
14:02 CMA CGM announces FAK rates from ISC to North Europe and the Mediterranean
13:32 McDermott awarded FEED contract for Sohar LNG bunkering project in Oman
13:15 Pilbara Ports Authority delivers a total annual throughput of 697.2 million tonnes for the 2018/19 financial year
12:39 Exports of Russian oil products from Kambarka oil tank farm resumed by river route via RPK-Vysotsk-LUKOIL-II
12:01 Aker Solutions announces Second-Quarter and Half-Year results 2019
11:51 New edition of Rules for Classification and Construction of Ships Carrying Liquefied Gases in Bulk published by RS
11:44 Port of Oakland’s keystone project set to be delivered in 2020
11:26 NIBULON shipyard continues forming the hull of its 140-m NIBULON MAX floating crane
11:02 The President of the European Council visits the new Port of Baku
10:40 Gasum Group reports its financial results for Q2 2019
10:30 MABUX: Bunker market this morning, July 17
10:17 AS Tallinna Sadam reports its 2019 Q2 passenger and cargo flows
09:54 Bunker prices increase at the port of Saint-Petersburg, Russia (graph)
09:35 Brent Crude futures price is up 0.25% to $64.51, Light Sweet Crude – up 0.03% to $57.64
09:19 Baltic Dry Index is up to 2,011 points

2019 July 16

18:06 CMA CGM announces FAK rates from Asia to North Africa
17:49 Marine Recruiting Agency to recruit personnel for Petrolesport
17:36 Hapag-Lloyd adds vessel to its North America Westcoast / Oceania Service
17:24 Turnover of DeloPorts’ terminals in 1H’19 decreased by 25% YoY to 3.2 mln tonnes
17:06 Odfjell SE sells its ownership share of terminal in Jiangyin, China
16:30 Keppel secures contract from Yinson for the modification of FPSO
16:01 More than 100,000 containers shipped via Intercity Barge at the Port of Rotterdam
15:56 Van Oord orders third trailing suction hopper dredger from Keppel