Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
give money for scrubbers unless they<br />
know the repayment or payback time<br />
and find the economics attractive,<br />
while LNG is for the future as infrastructure<br />
is insufficient and capital<br />
intensive. The majority of clients will<br />
be hoping that refineries and trading<br />
companies can provide blended fuels<br />
although the supply chain will not be<br />
able to adapt that quickly.<br />
Meeting the requirements<br />
The dispute, the discussion and<br />
taking decision longs as there are<br />
many factors contribute in limiting the<br />
global sulphur. An increasing number<br />
of ships are also using gas as a fuel<br />
as when ignited it leads to negligible<br />
sulphur oxide emissions. This has<br />
been recognized in the development<br />
by IMO of the International Code for<br />
Ships using Gases and other Low<br />
Flashpoint Fuels (the IGF Code),<br />
which was adopted in 2015. Another<br />
alternative fuel is methanol, which<br />
is being used on some short sea<br />
services.<br />
Ships may also meet the SOx<br />
emission requirements by using<br />
approved equivalent methods, such<br />
as exhaust gas cleaning systems<br />
or “scrubbers”, which “clean” the<br />
emissions before they are released<br />
into the atmosphere. In this case,<br />
the equivalent arrangement must be<br />
approved by the ship’s Administration<br />
“the flag State”.<br />
Port of Fujairah preparations for<br />
IMO 2020<br />
Meanwhile, the Middle East could<br />
capitalize on the confusion. The Port<br />
of Fujairah on the east coast of the<br />
UAE is the world’s second largest<br />
bunkering hub after Singapore and<br />
sits in a strategic location amongst<br />
top OPEC producers, Asia and<br />
Europe. Equipped with one of the<br />
world’s most advanced fuel blending<br />
operations, it is already geared up to<br />
meet potentially growing demand<br />
for low-sulphur products. If Fujairah,<br />
which currently stores over 18<br />
million barrels of oil products, can<br />
master the complexity of the new<br />
regulations quickly then it will serve<br />
to enhance its reputation and capture<br />
market share. Therefore, to avoid<br />
being caught off guard, the Port of<br />
Fujairah asked Systems Navigator to<br />
perform a thorough IMO 2020 scan<br />
of Fujairah’s port logistics.<br />
The international industry may<br />
foresee the new rules as a big<br />
opportunity for the oil markets<br />
pushing up prices of crude oil as<br />
well as refined products. This can<br />
impact prices of a wide variety of<br />
goods along with prices of petrofuels.<br />
PHYSICAL<br />
TRADING<br />
BUNKERING SHIPPING<br />
One of the most<br />
reliable and leading vessel<br />
chartering and major Oil & Gas<br />
physical trader & supplier<br />
www.folkdubai.net Tel: +971 4 295 9494 office@folkdubai.com<br />
MARASINEWS.COM 67
Change language