fuel oil

Wiseguyreports.Com Adds "Bunker Fuel -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2024" To Its Research Database

* Ship operators and fuel suppliers should review operational practices to allow sufficient time to test for compatibility between existing and proposed bunker fuel delivery, especially if no "empty" dedicated storage tank is available on the ship.

In an effort to reduce consumption, beginning November of 2016 Pilmico began using rice husks, a by-product of rice mills from rice production, as an alternative to bunker fuel. Also anchored on the Aboitiz Group's program, Race to Reduce, Pilmico used this as an avenue to be green while also lessening the costs of production.

There are several types of bunker fuel that can be used for shipping, HFO 3.5%, HFO 1% and marine diesel 0.1%, The 3.5% fuel oil which is as he states the most polluting, was in fact banned in European waters several years ago.

UAE-based Brooge Petroleum and Gas Investment yesterday unveiled a plan to build the refinery to produce IMO 2020-compliant bunker fuel in Fujairah, scheduled for completion by the first quarter of 2020.

Abu Dhabi: The UAE based Brooge Petroleum and Gas Investment Co (BPGIC) has announced on Tuesday it plans to set up an oil refinery to produce bunker fuel with a capacity of 250,000 barrel per day (bpd) in Fujairah.

The company has an ambitious plan to ensure sustainable increase of its market stake in distribution and transportation of petroleum products, gas, bitumen and bunker fuel.

Since the implementation of TRAIN law last January, an excise tax of P2.50 a liter was imposed on diesel and bunker fuel. This is scheduled to go up to P4.50 in 2019, and P6 in 2020.

Roberto Valerio, executive director of the group, said major sardine canning factories, for instance, continue to rely on coal as an alternative to bunker fuel to keep prices of their products low.

Targeted to be issued by the end of June this year, the new policy enables the unbundling of the base prices of petroleum products-gasoline, automotive and industrial diesel, kerosene, jet fuel, bunker fuel oil and household and automotive liquefied petroleum gas.

The sinking will likely expel the remaining condensate and the tanker's bunker fuel, or the heavy fuel oil that powers a ship's engines, contaminating the surrounding waters.

The Maritime and Port Authority of Singapore (MPA) revoked the bunker fuel supplier and bunker craft operator licences of AC Oil Pte Ltd, after investigations showed discrepancies and wrongful declarations in the records kept on board its tankers.

Andy Bose, general manager for petroleum at Platts, said, 'Bunker fuel is a key link in this chain accounting for 70 percent of operational costs of waterborne commodity movement.