World News
EU Research Project to Push for CEN Workshop Agreement for Methanol Bunkering
SEDNA, a new three-year research project supported by the European Union's (EU's) Horizon 2020 programme, has announced the launch of its initiative to address safety and efficiency in Arctic ship operations, including a proposal for a CEN Workshop Agreement on a process to address safety during bunkering of methanol.
The proposal will specifically call for technical provisions and an assessment of safety risks for three bunkering scenarios, including truck-to-ship, shore-to-ship and ship-to-ship, with a particular focus on the use of low flash point fuels in Arctic shipping operations.
The €6.5 million ($7.66 million) project will also work to develop a risk-based design framework for ship safety, anti-icing solutions for vessels' superstructures, a "Safe Arctic Bridge" that will use augmented reality to improve situational awareness and support crew in their decision making, and support for optimisation of Arctic voyages.
"SEDNA will integrate dynamic meteorological and oceanographic data with real-time ice movement predictions and ship performance data to allow for an optimisation of Arctic voyages," explained SEDNA.
"In particular, this will lead to the creation of new regional weather and sea ice probability forecast products and ship-based ice monitoring systems. These solutions will provide routing decision support and help to optimise Arctic voyages in terms of safety and fuel efficiency."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 645.00 | 2.00 | 767.50 | 11.50 |
| Rotterdam | 600.00 | 8.00 | 751.50 | 13.00 |
| Houston | 627.50 | 9.00 | 796.00 | 11.50 |
| Fujairah | 649.50 | 0.00 | 889.00 | 0.50 |
| Global 20 Ports Average | 665.00 | 0.50 | 864.00 | 6.50 |
| Global 4 Ports Average | 630.50 | 5.00 | 801.00 | 9.00 |
| Global Average Bunker Price | 722.50 | 2.50 | 922.50 | 3.00 |
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Apr 19The firm has chartered the 7,994 DWT barge Margherita to add to the operation, operated by Fratelli Cosulich. -
Apr 18Singapore's authorities are in the process of developing a regulatory framework for a methanol bunkering licence, and plan to call for applications for the licence by the end of this year. -
Apr 19The company is looking for candidates with proven experience in bunker trading and demonstrated leadership experience.