Crude oil

Due to the global oversupply of crude oil some oil traders are now beginning to charter large crude carriers to establish floating storages as a way to support oil prices in the short term, says analysts at JBC Energy in Vienna.

Coriolis Mass flow measurement - inside the coriolis mass flow meter

The Coriolis effect explained and how it is used in mass flow measurement. Such measuring has industrial application in the Maritime industri, where it is used to ensure bunkering operations by securing the measurement of marine fuel oil. Bunkering operations that may otherwise be tampered with.

IMO (The International Maritime Organization) has adopted the Polar Code (The international code for ships operating in Polar waters) and amendments related to SOLAS (Safety of life at Sea).
It is expected that the amendment will enter into force from January 1st 2017.

MGO Marine Gas Oil

IEA, the International Energy Agency, has predicted a rapid increase in demand for MGO (Marine Gas Oil). The cause of the increase in demand is due to the stricter regulation on sulfur emissions applicable from 1st of January 2015.

Jan-Paul de Wilde, Designer at Rolls-Royce Singapore, highlighted the advantages of using LNG as a marine fuel. He pointed out that LNG produces 22% reduced greenhouse gas, 92% reduced nitrogen oxide (NOx) emission and nearly a 100% reduced sulfur oxide (SOx) emission.

According to a FC Gas Intelligence report, the U.S. Coast Guard (USCG) says it is important to have policies in place in order to promote the use of Liquefied Natural Gas (LNG) as bunker fuel.

China should implement an Emission Control Area (ECA) to help battle air pollution says the Natural Resource Defense Council (NRDC) in a new report.

As Turkey signs the Ballast Water Management (BWM) Convention 2004 it reaches 43 Contracting States representing around 32.54% of the world's merchant shipping tonnage.

“Ship-owners will very quickly realise the benefits of higher efficiency and time savings, as well as receiving the true volume of oil” said Simon Neo, executive director of Piroj International.

The Port Authority in Singapore (MPA) is working towards an electronic Bunker Delivery Note (e-BDN) in order to increase the productivity says Minister of Transport Lui Tuck Yew.