• 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 February 19

17:03 Jan De Nul and Government of the People’s Republic of Bangladesh enter into agreement for the development and dredging of access channels, turning basins, anchorages and berthing areas
16:29 TMA Logistics, CTU and VCL join forces to establish Amsterdam-Utrecht-Rotterdam-Corridor
16:21 NIBULON shipbuilders finish constructing a series of POSS-115 Project tugs
16:03 MOL conducts underwater drone demonstration test for vessel bottom inspection
15:25 Wärtsilä’s propeller cap EnergoProFin listed in EcoAction Program
15:02 ICTSI's Matadi Gateway Terminal unlocks shipping system benefits
14:40 2nd conference on transportation of dangerous cargoes to address application of IMDG Code and ADR Agreement in Russia
14:02 Havyard to deliver ship design for further two cargo vessels for Royal Arctic Line
13:33 Ecochlor announces BWMS retrofit contract with Alaskan Tanker Company
13:02 GTT notified by Samsung Heavy Industries for the tank design of a new LNG carrier for Navigare
12:30 Gas4Sea partners and Equinor signed an LNG bunkering agreement
12:24 Social allocations of Multipurpose Reloading Complex grew by 22% YoY to RUB 3.8 million in 2018
12:01 Rail traffic at the Port of Gothenburg up to 398,000 TEUs in 2018
11:43 International best practices are introduced at ASCO to protect sailors health
11:41 Port of Hamburg sets record for seaport-hinterland rail traffic in 2018
11:39 IMO’s Sub-Committee on Pollution Prevention and Response meets this week
11:18 Concordia Damen celebrates naming of innovative Sendo Liner
11:15 ASCO hosted a training course for instructors
10:47 24 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on February 18-19
10:22 ABP bolsters business with paper company joining Port of Hull
09:58 Brent Crude futures price is down 0.42% to $66.22, Light Sweet Crude – down 0.38% to $56.19
09:40 BIMCO demands 4th IMO GHG Study based on realistic economic growth
09:19 Baltic Dry Index is up to 643 points

2019 February 18

18:06 Algoma announces the Algoma Conveyor is headed for Canada
17:36 Maersk Line announces rates from Mediterranean to West and Central Asia
17:06 CMA CGM announces FAK rates from ISC to North Europe and the Mediterranean
16:41 MAN Energy Solutions launches new TCT turbocharger series
16:26 VSC receives positive conclusion of state environmental expertise
16:02 Herbert-ABS releases HECSTAB Offshore
15:31 PPR 6 preview: IBIA working for sensible 2020 solutions at IMO meeting
15:02 Suez Canal extends its dry bulk vessels tolls reduction
14:43 Gazprom and Almaz-Antey Corporation sign contract for batch manufacturing of subsea production equipment
14:20 Average wholesale prices for М-100 HFO up to RUB 15,842 in RF spot market
14:02 MOL Chemical Tankers acquires 20% share of Dutch tank container company Den Hartogh
13:39 2nd Hydraulic Engineering Structures and Dredging Congress to gather over 200 Russian and foreign participants
13:15 ONE unveils enhanced intra-Asia Japan service network for 2019
12:51 Nakhodka Trade Sea Port and Damen sign contract on delivery of tug by summer 2019
12:18 33 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on February 17-18
11:53 World Maritime University signs MoU with Jordan Academy for Maritime Studies
11:30 Coastal fish assessments to continue in Baltic Sea with renewed HELCOM project
11:07 Fincantieri starts dry dock works on ultra-luxury cruise ship "Silver Moon"
10:55 Finnpilot Pilotage amendments its service terms during validity of winter assistance restrictions
10:26 ASCO is interested in cooperation with prominent shipping companies
10:07 Diana Shipping announces the sale of two Panamax dry bulk vessels and time charter contracts for m/v Crystalia and m/v Maera with Glencore
09:40 Brent Crude futures price is up 0.17% to $66.36, Light Sweet Crude – up 0.45% to $56.23
09:21 Baltic Dry Index is up to 639 points
09:07 Panama Canal Board of Directors appoints new Canal Administrator and Deputy Administrator
08:07 IMO conducts training course to enhance maritime security in Kenya
07:32 Valencia hosts first internal technical meeting of European project “H2PORTS - Implementing Fuel Cells and Hydrogen Technologies in Ports”

2019 February 17

16:59 Coast Guard responds to vessel fire near Rockport, Texas
15:09 Kleven Shipyard delivers to Maersk the AHTS Maersk Maker
14:33 Danube high-speed low-wash ferry offers new level of efficiency and reliability
13:21 Interorient Marine Services Ltd. convicted and sentenced for oil discharge
12:39 USCG assists in rescue of five people from sunken vessel near Dutch Harbor
11:01 European ports welcome agreement on the European Maritime Single Window environment

2019 February 16

16:15 Ribbon-cutting kicks off ICTSI´s Batumi terminal expansion project
14:42 Höegh’s RoRo solution chosen for 112MT Transformer shipment
13:28 Torqeedo wins Innovation Award at Miami International Boat Show for powerful new inboard electric propulsion system
12:13 Telford Offshore beefs up its fleet
10:26 Chevron inks new LNG agreement with GS Caltex