rss icon Subscribe
desktop mobile

Fuels & Lubes

Low-sulphur Fuel Oil Prices Drop

© Igor Yu. Groshev / Adobe Stock

Prices for very low sulphur fuel oil (VLSFO) in ports around the world have fallen within the first month since the International Maritime Organization's (IMO) new regulation for a 0.50% global sulphur cap for marine fuels has taken effect.Singapore has seen one of the largest drops in the price of VLSFO,

IMO's 2050 Decarbonization Target Has $1 Trillion Pricetag

© Martin Lueke / Adobe Stock

At least $1 trillion of investment in new fuel technology is needed to enable the shipping industry to meet U.N. targets for cuts in carbon emissions by 2050, a study published on Monday showed.The global shipping fleet, which accounts for 2.2% of the world's CO2 emissions, is under pressure to reduce those emissions and other pollution.

IMO 2020: U.S. Restricts the Use of Certain Fuels in Scrubber Vessels

Copyright: diegocardini/AdobeStock

With the January 1 implementation of IMO 2020, which requires dramatic reductions in the sulfur content of emissions from ocean-going vessels, the United States government issued a new rule that it asserts actually facilitates the distribution of compliant fuel.The US Environmental Protection Agency

Venezuela Alters Oil Royalty Formulas, Driven by IMO 2020

© Parilov / Adobe Stock

Venezuela has changed the formulas for calculating royalties energy companies pay the government to remove references to fuel oil and some crude grades, driven by stricter rules governing marine fuel emissions, according to a document seen by Reuters.A ban by the United Nations shipping agency, the International Maritime Organization (IMO),

IMO2020: Methanol Proves Promising

Feel the Power of Methanol: These 49,000 dwt vessels are built with the second generation of MAN B&W ME-LGIM two stroke dual-fuel engines that can run on both methanol and conventional marine fuels. 
Photo: Methanex Corporation

When the clock strikes midnight on December 31, 2019, the maritime world enters a bold new era of emission reduction. With its growing fleet of methanol fueled ship and more than 60,000 hours of operating experience under its belt, Waterfront Shipping Company has a five-year headstart.As a general rule,

MAN Okays Total Lubmarine's VLSFO Fuel

Image: Total Lubmarine

Total Lubmarine, part of Total Lubricants,  has received a No Objection Letter (NOL) from leading engine manufacturer MAN Energy Solutions, for the use of Talusia on MAN B&W 2-stroke engines operating on fuels with less than 0.5%S Very Low Sulfur Fuel Oil (VLSFO).Total Lubmarine had developed

Wärtsilä and Silverstream to Collaborate

Technology group Wärtsilä, and Silverstream Technologies announced the signing of a Licence and Co-operation Agreement for future sales and servicing of the Silverstream System. As an authorized sales and service partner, Wärtsilä intends to fully integrate Silverstream’s

Asian Refiners Strive to Finish IMO Preparations

© vladsv / Adobe Stock

At SK Energy's largest refinery in South Korea, engineers are rushing to complete a new processing unit ahead of schedule as the firm looks to boost sales of low-emission fuels before new marine fuel standards take effect in just one month.In Japan, the country's second-biggest refiner Idemitsu Kosan Co is taking a more cautious stance,

Shell Marine Bags COSCO Lubes Contract

Pic: Shell Marine

Shell Marine has secured a contract to supply lubricants for five 62,000 dwt multipurpose pulp carriers that will be delivered to COSCO Shipping Specialized Carriers in 2019 and 2020.The lubricants contract, won in a competitive negotiation process, calls for delivery of the two-stroke engine cylinder

Shell Signs Inks Deal with CCCC Dredging

Photo courtesy of Shell

Shell Marine has signed a framework agreement with CCCC Dredging (Group) Co. Ltd of China to supply marine lubricants and provide technical services across the Chinese company’s fleet. The strategic cooperation, formalized today at a signing ceremony demonstrates Shell Marine’s ability to provide a comprehensive all-in-one service,

Mobilgard for Plug-In Hybrid Vessel

Photo: ExxonMobil

ExxonMobil is supplying Mobilgard ADL 40 engine oil for Color Hybrid, Color Line’s latest addition to its fleet of ferries. The vessel is the world’s largest plug-in battery hybrid ship and was recently named ‘ship of the year 2019’ by Nor-Shipping.The vessel, which is already in service between Sandefjord,

Gazprom Neft Sets-up Lubes Shop in Singapore

Pic: Gazprom Neft

Russian oil and gas company Gazprom Neft has established Gazpromneft Marine Lubricants, a new operating company with an office in Singapore.The new business will manage the sales and logistics network for the group’s marine lubricants in Southeast Asia and Europe. The group aims to achieve a 4%

US-flagged LNG Bunker Barge Launched

The Q-LNG 4000 bunker barge was launched by builder VT Halter Marine (Photo: VT Halter Marine)

America’s first offshore liquefied natural gas (LNG) barge has been launched for owner Q-LNG Transport, Mississippi shipbuilder VT Halter Marine announced on Wednesday.The Q-LNG 4000 barge, designed to carry 4,000 cubic meters of LNG, with dimensions of 324’ x 64’ x 32’.6”,

Methanol-Fueled Chem Tanker Delivered to NYK

Built in South Korea at Hyundai Mipo, Nippon Yusen Kaisha (NYK Group) has taken delivery of Takaroa Sun. Photo: NYK

Nippon Yusen Kaisha (NYK Group) has taken delivery of Takaroa Sun, a methanol carrier equipped with two-stroke dual-fuel engine tech that allows the vessel to be powered by methanol. Built in South Korea at Hyundai MIPO Dockyard, the new ship was funded through NYK’s green financing initiative

Maritime Apps