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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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Pike Research forecasts global biofuels market to double by 2012 to $185.3B

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Meanwhile, aviation and marine fuel demand could add 200 BGPY or more to global transportation fuel demand by 2021.despite Ultimately, widespread commercialization will depend on whether these ventures can reach price. Cellulosic biofuels progress likely to disappoint through 2015/2016, leading to the further.

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

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In 2016, the IMO confirmed that global refiners and shippers would have to comply with these new environmental regulations five years earlier than many anticipated, which sent tidal waves through two industries that typically take many years to adapt to such significant change. —Kurt Barrow.

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Hyundai Heavy developing its own floating LNG ship

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PETRONAS has awarded Daewoo Shipbuilding & Marine Engineering Co., Since the high oil prices and steep increase in the natural gas demand triggered by Japanese nuclear disaster boost the need for the development of offshore gas fields, the FLNG market is expected to grow further, Hyundai says. Earlier post.)

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Pike Research forecasts global biofuels market value to double to $185B by 2021

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between 2017 and 2021, as a combination of higher oil prices, emerging mandate. Meanwhile, aviation and marine fuel demand could add 200 BGPY or more to global transportation fuel demand by 2021. Cellulosic biofuels progress likely to disappoint through 2015/2016, leading to the further. A more robust growth is expected.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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Energy consumption by marine vessels increases from 0.9 Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 million barrels per day (MMbbl/d) through 2016, when domestic production comes close to the historical high of 9.6 With domestic crude oil production rising to 9.5

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