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IHS Markit: 2020 low-sulfur requirements for marine bunker fuels causing scramble for refiners and shippers

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On 27 October 2016, the International Maritime Organization (IMO) announced that beginning on 1 January 2020, the maximum sulfur content allowed in marine bunker fuel will be reduced from 3.50% mass by mass (m/m) to 0.50% m/m (35,000 ppm to 5,000 ppm)—five years earlier than many expected. Earlier post.)

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Survey finds LNG-fueled ship orders up 26% in six months

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Following a world survey of the marine industry, Zeus Development Corporation has identified 63 LNG-fueled ships in operation or under development, up from 48 units last December. On 6-7 June, Zeus will host an LNG-Fueled Marine Advancements meeting to present the survey, review trends and tour a new LNG-turbine propulsion system by GE.

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First reference installation of Opcon Waste Heat Recovery technology for ships; potential for 5–10% fuel savings

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Opcon, in collaboration with Wallenius Marine, recently completed the first reference installation of its Waste Heat Recovery technology for ocean-going vessels in a project supported by the Swedish Energy Agency. Opcon Powerbox ORC Marine version. Opcon Powerbox WST Marine version. The MV Figaro. Click to enlarge. Earlier post.)

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API: total US petroleum demand topped 20.8 mb/d in July, highest since 2005; on-road fuel demand down

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was high-sulfur distillate fuel (HSD), which is a heating fuel in the residential and commercial sectors and a marine fuel when blended to upgrade heavy fuel oil. Other Highlights from the July 2019 Monthly Statistical Report include: Sustained world-leading crude oil production at a record pace of 12.0 y/y in July.

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IHS Markit: shippers, refiners scrambling to respond to IMO signals on low-sulfur fuel enforcement

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The level of compliance by shippers has been widely viewed as the one of the greatest uncertainties surrounding the implementation of the IMO’s new marine fuel regulations, and the compliance level has a significant weighting on projections for refined fuel prices, spreads and margins during the IMO 2020 disruption period,IHS Markit said.

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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

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Pending a major technical breakthrough, renewable jet and marine fuels will continue to be far more expensive than petroleum-based fuels, Bartis said. A consensus is developing that global oil production is less likely to come to a sharp peak and more likely to hit a plateau that might continue for some decades and then slowly decline.

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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

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In a new study, KPMG International has identified 10 “megaforces” that will significantly affect corporate growth globally over the next two decades. High oil prices continue to affect consumer behavior, and concerns about climate change and reliance on oil are likely to increasingly shape policy. Source: KPMG.