Global News

The Clean Shipping Alliance 2020 (CSA) says that a vote encouraging EU Member States to restrict open-loop exhaust gas cleaning systems (EGCS) was taken without any scientific basis and will hamper the transition to zero-emission shipping.

Energy and commodity trading giant Vitol has launched a ‘Green LNG’ product for its LNG customers looking to mitigate carbon emissions. 

In its newly-published 2020 Annual Report, TORM has confirmed that, as of today (1 March), it has installed 46 of the 50 scrubbers to which it is committed, with the remaining four expected to be installed in 2021 and in Q1 2022.

Bakker Sliedrecht is investigating whether biodegradable oil can be used in submersible motors that it has supplied for Van Oord dredgers.

Global Energy Ventures (GEV) says it has successfully completed a scoping study which confirms it can deliver a technically feasible emission free compressed hydrogen (C-H2) supply chain in the Asia Pacific region.

Last year marine fuel sales volumes fell back 16.2% year-on-year (y-o-y) as World Fuel Services faced the wide market challenges caused by the pandemic’s impact on global energy demand and across all transportation sectors – and its outlook for 2021 remains muted.

Extending its ongoing series of whitepapers examining the various alternative fuel options for the shipping industry, ABS has published new guidance on methanol as marine fuel.

SEA-LNG claims its ‘new analysis’ shows that ‘for every 10% of bio-LNG dropped in and blended with LNG as a marine fuel, a vessel can achieve two extra years’ compliance with the Annual Efficiency Ratio (AER) curve used to secure preferable funding under the Poseidon Principles’.

Intercontinental Exchange (ICE) has announced record growth across its marine fuel open interest (OI), a year on from the implementation of the 0.50% global sulphur cap.

Macquarie Capital reports that its new WaveCrest Energy platform will ‘develop, construct, own and operate LNG regasification, power and downstream infrastructure assets’ – with an initial focus on delivering LNG to ‘underserved markets’ in Latin America and Asia, which will include bunkering.