Seadrill set to exit Chapter 11 bankruptcy; With 2020 sulfur cap nearing, ExxonMobil to roll-out compliant fuels

With 2020 sulfur cap nearing, ExxonMobil to roll-out compliant fuels
April 18, 2018 — The clock is ticking on IMO’s 0.5% Global Sulfur Cap, and one of the big concerns for ship operators is the availability of compliant fuel. ExxonMobil has announced that it will supply fuels that comply with the International Maritime Organization’s (IMO) 0.5% sulfur cap in ports in Northwest Europe, the Mediterranean and Singapore. Additional locations will be announced throughout 2018, says ExxonMobil.

Seadrill set to exit Chapter 11 bankruptcy
The plan has near unanimous support from the company’s stakeholders and emergence from Chapter 11 bankruptcy is expected within the next 60-90 days.dots.JPG
Scrubbers: the “sensible option” for sulfur cap compliance

Finnish-based exhaust gas cleaning pioneer Langh Tech says that the likely prohibition of the carriage of high sulfur fuel oil on vessels will have a material and technical impact on commercial ship operations.dots.JPG
Damen delivers third Shoalbuster to Kasmortransflot

The contracts for the three Shoalbusters 2709 were signed in July 2017 between Damen, NMSC Kazmortransflot LLP and Al Hilal Islamic Bank.dots.JPG
Next gen LNG carrier named in Nagasaki

The vessel is owned by Diamond LNG Shipping 1 Pte. Ltd. a joint venture company co-owned by NYK and Mitsubishi Corporation.dots.JPG
Electric-powered boats help clean-up Chinese waterway

Suzhou Creek, which flows through the city to Shanghai, was at one time said to be the most contaminated waterway in China, filled with sewage and garbage.