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Fleet Optimization and Innovation Headlines of the Week August 01, 2018

Quality Tells . . . Headlines the Week- August 1, 2018          View this email in your browser

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Quality Tells

In life, as in art or scotch, the phrase “quality tells” resonates throughout.  In maritime, however, quality has taken on a more dangerous aspect when it relates to marine fuels.  In the past month alone, there have been multiple issues with fuel quality in Houston, and this particular plague seems to have spread to Singapore.

This perennial problem with fuel quality will only worsen as we address the changes necessary for compliance with regulations relating to Sulphur 2020 and will be amplified when a GHG strategy is developed.

The risks of poor fuel quality are many—loss of propulsion, engine damage, non-compliance, carbon deposits and more.  It is difficult to understand why this problem persists as we enter today’s transparent world.  Lack of regulation? Lack of enforcement?  Lack of testing technology capable of giving real time results?

The industry has been subjected to the bottom of the barrel long enough.  Join the conversation at SHIPPINGInsight to discuss how we can improve this aspect of our industry.

Because quality shows—and tells!!

Keep optimizing,

Carleen

     Carleen Lyden Walker
     Chief Evolution Officer
SHIPPINGInsight
IMO Maritime Ambassador
+1 203 255 4686 (o)
+1 203 260 0480 (m)
c.walker@shippinginsight.com
www.shippinginsight.com
News of the Week
August 1, 2018 
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Markets

India’s energy consumption not reaching that of China, US through 2040

2018-07-24 – In its recently-published International Energy Outlook for 2018, EIA forecasts that India’s energy consumption is projected to grow faster than the rest of the world through 2040, along with China’s and Africa’s. India is projected to be the most populated country with the fastest-growing economy in the world under all three India side cases. However, Indian energy consumption levels do not reach those in China or the US in the next two decades in any of India’s side cases. . . READ MORE

Emissions

China’s Stricter Rules on Shipping Emissions Seen as a Boon for IMO 2020 Compliance

2018-07-24 – Tighter rules on shipping emissions around China’s coastlines from the start of next year is a clear sign the world’s No. 2 economy will strive for 100 percent compliance when the global sulphur emissions cap starts in 2020, consultants Wood Mackenzie said on Tuesday. . . READ MORE

ABS updates its scrubber advisory

2018-07-24 – Classification society ABS has updated the ABS Advisory on Exhaust Gas Scrubber Systems(Scrubber Advisory, providing deeper insights into installation and operational considerations for existing vessels. . . READ MORE

Scorpio Tankers Buys Minority Stake in Ecochlor

2018-07-25 – Monaco-based shipowner Scorpio Tankers has signed an agreement to purchase 55 ballast water treatment systems (BWTS) from Boston-based manufacturer Ecochlor. . . READ MORE

Scrubber Installs Approaching 1,000 Ships Globally – Survey

2018-07-25 – The number of merchant ships with exhaust gas cleaning systems either installed or on order is approaching 1,000 ships worldwide, according to a survey by the Exhaust Gas Cleaning Systems Association. . . READ MORE

Cyber Security

COSCO Shipping comes under cyber attack

2018-07-25 – COSCO Shipping Lines has been hit by a cyber attack on its North American operations.  Although the company reportedly identifies the problem as a ransomware attack in internal communications, for public consumption it is referring to it as a “network breakdown within America Regions” and is telling customers this:. . . READ MORE

Digitalization

Blockchain Threatens to Eradicate Trade Intermediaries

2018-07-25 – Blockchain technology is expected to have a profound impact on trade and transport, according to UNCTAD and the UNECE’s United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) . . . READ MORE

Blockchain bunkering consortium formed

2018-07-26 – Blockchain technology specialist Blockchain Labs for Open Collaboration (BLOC) has announced the establishment of a consortium, via subsidiary Maritime Blockchain Labs (MLB), with Lloyd’s Register, Precious Shipping, Bostomar, BIMCO, International Bunker Industry Association (IBIA), and GoodFuels to address traceability and transparency in the marine fuel supply chain. . . . READ MORE

Fuels

Death of Dirty Fuel Oil May Be Exaggerated as Ships Fit Scrubbers

2018-07-19 – One of the world’s most polluting fuels may have some life left in it yet.  Demand for high sulfur fuel oil is expected to crater in 2020 when the International Maritime Organization introduces a cap on sulfur. But companies that build exhaust cleaning systems for ships, which enable the vessels to keep burning the fuel, reported bumper orders this week. Shares of one, Alfa Laval AB, rose to a record after saying it was nearly sold out for next year. . . READ MORE

Ballast Water Treatment

Envirocleanse Submits Application to US Coast Guard for Type Approval

2018-07-25 – Envirocleanse LLC, division of Charter Brokerage LLC, a BERKSHIRE HATHAWAY company, has announced the submission of an application to the US Coast Guard for Type Approval of its patented inTank Ballast Water Treatment System. . . READ MORE

SHIPPINGInsight Updates

Diamond Partner – Arundo Analytics

We are pleased to be welcoming Arundo Analytics as a Diamond Partner.

They will be joining us as we provide cutting edge
and topical insights for the marine industry in October!

SHIPPINGInsight 2018

NEW VENUE | NEW FORMAT | NEW IDEAS | NEW OPPORTUNITIES | NEW ERA

The 7th Annual Fleet Optimization & Innovation
Conference & Exhibition

October 16-18, 2018

Stamford Hilton
Stamford, Connecticut, USA

EARLY BIRD PRICING

REGISTER TODAY

For sponsorship and exhibiting information, please contact
Dave Weidner (d.weidner@shippinginsight.com)
For more information on the conference, please contact
Carleen Lyden Walker (c.walker@shippinginsight.com)
or call +1 203 255 4686
Copyright © 2018 SHIPPINGInsight, All rights reserved.
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