World News
New Monitoring Tool to Detect Sulfur Level in Fuel
Canada's Eurocontrol Technics Group Inc. [CVE:EUO] (Eurocontrol) has announced a new on-board monitoring system that promises to detect the sulfur content in diesel fuel, assuring vessel operators of compliance with environmental regulations.
The Petro-Marine XRF system, produced by Eurocontrol's wholly owned subsidiary Xenemetrix, uses x-ray florescence analysis to detect sulfur and can also monitor wear metals in lubrication oil, cat fines in fuel, sea water contamination of marine fuels, and fraudulent mixing of used oil in bunker fuels.
The system uses GPRS, WiFi, Satellite Data Transfer, and GPS to send location-based data to central company locations for reporting and monitoring.
Eurocontrol is marketing the system to merchant ships, including bulk carriers, dry cargo vessels, container ships, tankers, and most cruise ships, and it estimates the available market is about $1.6 billion.
Most ships operating in the world's Emissions Control Areas (ECAs) are required to use fuel with a sulfur content of no more than 1.0 percent by weight, and that limit will drop to 0.10 percent in 2015.
In August, DNV Petroleum Services reported that about 10 percent of fuel sold as compliant with current ECA standards is off-spec.
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| VLSFO | MGO | |||
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| Houston | 467.00 | 4.50 | 625.00 | 2.50 |
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| Global Average Bunker Price | 570.50 | 2.00 | 747.50 | 5.50 |
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