The latest US Government short-term energy outlook addressed issued such as high US natural gas inventories and out put as well as low prices and the impact on refined fuel from the forthcoming International Maritime Organization sulfur cap to reduce pollution in ports.
Teekay Tankers, the oil and products shipping arm of Teekay Corp. and affiliate of Teekay LNG, said the company had made extensive preparations to meet the International Maritime Organization cap on sulfur emissions set to come into force on January 1.
A coalition of energy and shipping companies backing the increased use of liquefied natural gas as a maritime fuel said it strongly supported the decision by the International Maritime Organization to reaffirm the January 2020 implementation date of the sulfur cap on ship fuel.
The International Maritime Organization committee overseeing the sulfur cap for shipping from 2020 that is encouraging the change-over to LNG and alternative ship fuels with lower emissions is set to meet in London from October 22-26 to decide a final action programme.