MarineLink Oil & Gas Publishers Note: This is an outstanding article from MarineLink. Ina and Shyam nail the Marine Scrubbers issues. Yara Marine Technologies COO Ina Reksten and Research and Development Manager Shyam Bahadur Thapa reflect on the effects of the coronavirus crisis and share their vision for a future beyond the pandemic. 2020 will go down in history as
Reuters Tougher rules on sulphur emissions from ships will come into effect next year in the biggest shake-up for the oil and shipping industries for decades. IMO 2020 From January 2020, United Nations shipping agency the International Maritime Organization (IMO) will ban ships from using fuels with a sulphur content above 0.5%, compared with 3.5% now. The regulations are aimed
From The Houston Chronicle With a massive shift in the marine fuel market just months away from implementation, a Galveston fuel storage operator says it plans to operate a 50,000 barrel a day crude processing facility to meet new stricter environmental regulations set to take affect in January. Texas International Terminals confirmed Wednesday reports from Reuters that it plans to
From Bloomberg U.S. oil refiners, in line for a windfall from new ship-fuel rules, are taking steps to lock in the change quickly, concerned it could fall victim to President Donald Trump’s re-election push. Under the new rules, many shippers will switch to low-sulfur fuels, boosting competition and, potentially, increasing the price of diesel, jet fuel and heating oil. The
From The Wall Street Journal The introduction of low-sulfur fuels in oceangoing vessels next year will mark the biggest change in ship propulsion since the maritime industry moved from coal to heavy oil early in the 20th century. The compulsory switch on Jan. 1, 2020, will affect at least 60,000 vessels and is estimated by shipping executives to cost up
Low sulfur shipping fuels will be felt throughout the industry By Richard Rostad, analyst, Oil & Gas 360 One doesn’t need to wait until January 1, 2020 to see the effects of the International Maritime Organization’s (IMO) upcoming sulfur regulations. While the rule takes effect on the first day of 2020, its effects are already being felt and will only
From Bloomberg The world’s biggest oil-exporting region may lose billions of dollars in annual revenue when an obscure United Nations requirement for ships to burn cleaner fuel takes effect next year. Saudi Arabia, Iraq and other Middle Eastern suppliers of heavy, high-sulfur crude could take a hit as refiners favor lighter, low-sulfur grades that they can process more easily into
From the Houston Chronicle As the global refining industry readies for the shipping industry’s shift to cleaner-burning marine fuels, analysts are warning that not all refineries are ready for what could be one of the biggest regulatory shocks to the refining industry in decades. While the shift could force some refineries abroad to close in the wake of a glut
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