While scrubbers seemed to be a very popular choice among shipowners looking to comply with the IMO’s 2020 rule regarding the use of low sulphur fuels, starting next January, it seems that the financials of this investment proved to be too much for the vast majority of ship owners operating in the dry bulk market. In its latest weekly report, shipbroker Banchero Costa said that “2020 is fast approaching, and with it the implementation of new regulations regarding sulphur content in bunker fuel which is going to have significant technical and commercial repercussions also on the dry bulk shipping sector. 

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Posted on - 2019-05-02

Pavilion Energy has performed the first commercial ship-to-ship (STS) liquefied natural gas (LNG) refuelling operation in the port of Singapore, the company said.

The operation included loading 2,000 cubic metres of LNG onto a small-scale tanker at the Singapore LNG (SLNG) Terminal, followed by an STS transfer to a receiving heavy-lift commercial vessel, Pavilion Energy said in a statement on Thursday.

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Posted on - 2019-05-02

2019 is a busy year in terms of adopted International Maritime Organization (IMO) regulation with the forthcoming SOLAS amendments, significant milestones for the fuel oil consumption data collection system (DCS), along with the EU’s Monitoring, Reporting and Verification (MRV) regulation, and the MARPOL Annex VI global sulphur limit coming into force in January 2020. Andrew Sillitoe explains why these regulations are important to shipowners and operators.

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Posted on - 2019-05-02