"The recent adoption of stricter emission standards for marine transportation by 2020 is consistent with our strategy for entering into new prospective LNG market segments including bunkering," says new member NOVATEK.
The comments came alongside news that company received the Interim Inspection Report provided by Wartsila from Maersk as part of the now cancelled marine trial of its MSAR emulsion bunker fuel.
The EU has unveiled its new sanctions package against Russia, cutting the oil price cap to $47.6/bbl and blacklisting over 100 more vessels, including for the first time an Indian refinery linked to Rosneft.
The European Commission is planning reforms to improve biofuel certification and traceability after a probe into Chinese imports revealed weaknesses, though no fraud was confirmed.