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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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Saturday, 22 September 18
SHIPOWNERS URGENTLY NEED A FUEL-MANAGEMENT PLAN - METTE KRONHOLM FRAENDE, BIMCO
With the majority of ship operators expected to choose low-sulphur fuel over scrubbers to comply with the new IMO sulphur cap regulation, all eyes ...
Saturday, 22 September 18
GERMANY'S MOVE TO SCRAP COAL WILL COST TAXPAYERS - BRIAN PARKIN | WILLIAM WILKES
Chancellor Angela Merkel’s plan to close Germany’s remaining coal-fired power stations will drive up subsidies for regions that mine th ...
Saturday, 22 September 18
FITCH RATINGS: WORLD GROWTH FORECAST CUT ON US-CHINA TRADE BATTLE
Protectionist US trade policies have now reached the point where they are materially affecting what remains a strong global growth outlook, with th ...
Tuesday, 18 September 18
COOLING OUTLOOK FOR COAL - KATE JONES
At a time of increasing focus on the renewables market as the world seeks to clean up its act to prevent climate change, what is the outlook like f ...
Monday, 17 September 18
GLENCORE RETURNS TO JAPAN COAL TALKS SCUPPERED BY HIGH PRICES - BLOOMBERG
Mining giant Glencore Plc and Japanese utilities have resumed thermal coal supply negotiations, restarting talks that fell apart earlier this year ...
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- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- PTC India Limited - India
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- The University of Queensland
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
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