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Monday, 08 April 19
SULPHUR 2020 - COUNTDOWN TO THE SWITCHOVER - LLOYD'S REGISTER
 Sulphur 2020 (MARPOL Annex VI Reg. 14.1.3) is still dominating headlines and as we draw closer to the 1 January 2020 deadline it’s clear that this is a big challenge for numerous players within the industry, from supplier to the end-user. At this point owners and operators should have chosen their compliance option. We’re now seeing major fuel suppliers announcing their availability of 0.50% compliant fuel. Last month, BP announced that they have successfully tested Low Sulphur Fuel Oil at sea and will be selling 0.50% before 2020. This came shortly after the International Energy Agency projected that almost half of the global fleet will use marine gas oil in 2020 and eventually, 40% will burn Very Low Sulphur Fuel (LSFO). We’ve also seen that compliant fuel is available in ports such as Rotterdam. Importantly, this gives shipowners and operators the ability to plan ahead – as they learn which suppliers have what fuel available and where – helping them get their fleets and crews ready for this regulation.
The biggest challenge
For shipowners and operators, the biggest challenge is to prepare their ships when changing over from High Sulphur Fuel Oil (HSFO) to Low Sulphur Fuel Oil (LSFO). They will need to work out how much investment is needed to prepare the ship’s fuel systems and tanks; this might involve cleaning tanks which takes time, effort and money as the ship will need to be off-hire. Owners and operators also have the option to leave their tanks and hope that this change of fuel will not damage them or affect operations. Alternatively, they can consider the implications of the diversity of fuels that might come with this regulation. For example, will this require segmentation? If so, does the owner or operator have spare tanks to segment the fuel?
Test, prepare and plan
Our Fuel Oil Bunker Analysis and Advisory Service (FOBAS) team have been analysing 0.50% fuels to set a baseline understanding of compatibility and from a technical perspective, we would recommend implementing a fuel segregation plan. Whether that’s considering loading a light product compared to a heavy one, and or making greater efforts to segregate and avoid comingling fuels – industry experts warn against mixing one bunker with another as there’s a high risk of destabilising the fuels and in most situations, crews can’t easily assess the degree of risk of this happening until the fuel is already onboard, so segregation of bunkers is important.
The next step is managing the diversity of the viscosities of the fuels and managing any incompatibility thus observed between the different bunkers onboard: if crews must mix, then working out the ratio’s involved and any potential resultant properties is key. These are all important considerations and decisions to be made now as part of the ship implementation plan, as recommended by the IMO, allowing owners and operators the time to test, prepare and plan.
Some crews have had limited or no experience of using LSFO, and therefore crews need to be prepared for this, particularly when it comes to fuel management on board. All ships should have a fuel management protocol onboard , which is likely to be a procedure covered in the company’s ship management system. However, shipowners and operators need to go beyond this and ensure their crew have a proactive mindset to comply with the Sulphur 2020 limit. This should address an additional fuel change plan, for which the ship implementation plan will include key preparatory milestones, so considering whether there is a need to update their fuel management strategies to include bunker segregation and fuel compatibility.
A word of caution
There is some speculation that because we’re going to have a diverse range of fuel blends there will be quality issues, owners and crew will need to make sure there are barriers in place to protect against contamination if it occurs. This might not necessarily happen because all residual fuels are for the most part blended and blending has been a common practice in the shipping industry for many decades, but it’s right to be cautious. Reputable suppliers should meet the standards set out in ISO-8217, the marine fuel standard that gives the criteria of the core parameters which must be met by any fuel if it’s to be used onboard a ship. We recommend purchasing against the latest revision of the international marine fuel standard ISO-8217:2017. With this, the supplier knows the parameters and targets set out in ISO-8217 and understands that there’s clauses in the standard that expects the supplier to have quality assurance within the supply chain and consequently their responsibilities to heed to that.
When it comes to Sulphur 2020, planning is critical. Approximately 50% of the world fleet have little or no experience operating in an Emission Control Area (ECA) and having to switch to working with low sulphur fuel nor have they experienced this type of change before, so awareness for crews and preparing fuel systems and tanks is fundamental to get this change safely and effectively implemented. Yes, there are risks and safety concerns, however the industry can tackle these with a sense of confidence if sufficient planning, testing and stakeholder engagement is implemented.
Source: Lloyd’s Register
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Thursday, 16 May 19
SUPRAMAX: INDO/CHINA COAL RV TRADING AROUND US$ 9,000 BSS S.CHINA DELIVERY - FEARNLEYS
Capesize
This volatile segment is trying to find a clear direction from the present US$ 12,000/day earnings for standard units says Fearnleys W ...
Wednesday, 15 May 19
SHIPPING MARKET INSIGHT - THEODORE NTALAKOS
Modern warfare - Trade wars & sanctions
As of May 1st, the U.S. has ended waivers to the sanctions that had allowed the top buyers of Irani ...
Monday, 13 May 19
INDONESIAN COAL PRICE REFERENCE CONTINUES TO FALL
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Monday, 13 May 19
SUPRAMAX: SOUTHEAST ASIA THE MARKET SAW BETTER DEMAND - BALTIC BRIEFING
Cape
The market continued its rollercoaster ride last week opening with negative sentiment, but turning around in dramatic fashion by the week& ...
Thursday, 09 May 19
DEEP OFFSHORE SOUTHEAST ASIA CONGRESS 2019
Deep Offshore Southeast Asia Congress 2019
Event Date:2-3th July. 2019t
Location: Jakarta, Indonesia
Sarawak Shell Berhad (S ...
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- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- The University of Queensland
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Marubeni Corporation - India
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
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