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February, 2017
Date Headline Image
In the Mediterranean basin the growth prospects for LNG are mainly driven by the development of LNG as a marine fuel, says Fosmax LNG.
Fosmax Eyes LNG Bunkering Opportunties at Fos Cavaou
The outstanding bunker costs have been settled, according to reports.
Stranded Bunker Dispute Vessel to be Returned to China
"In 2016, most of the vessels were operated using less expensive fuel oil," the ECA operator says.
Finnlines Cuts Bunker Costs by 28% Despite Rising Prices
ICS says widespread availability of alternative bunkers such as hydrogen or fuel cells is not expected "for at least another 20 or 30 years."
Ambitious CO2 Reduction Objectives Will Only Be Achievable With Alternative Marine Fuels Which Do Not Yet Exist: ICS
ICS Chairman Esben Poulsson says he is "confident" IMO can adopt an ambitious reduction Strategy by 2018.
ICS Sets Out CO2 Reduction Plan for Shipping, Warns Industry Could be Vulnerable to Regional Action
As an independent third party, ABS says it supports EU MRV compliance by ensuring plans and monitoring are aligned with the applicable requirements.
ABS First to Gain EU MRV Accreditation
Two chief engineers of the vessel T/V Green Sky have been convicted of falsifying documents to conceal illegal discharges of oily bilge waste.
U.S. Court Convicts Two Chief Engineers in Relation to Oily Waste Discharge
The office will also establish policies for the comapny's bunker procurement in accordance with regulations, such as those that relate to SOx emissions.
MOL to Purchase Bunkers and Lubricants Through New Bunker Business Office
One analysts says OPEC "have to be concerned with U.S. oil producers eating into their market share."
Non-OPEC Oil Cutback Compliance "at Least 60%", While US Exports Continue at Record Highs
Bunker prices were firmer in the primary ports.
Crude Makes Gains Despite Build in Crude Supplies
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from February 16 – February 22, 2017.
Weekly Vessel Scrapping Report: 2017 Week 7
Spanish dock workers have planned nine days of planned strike action between March 6 and March 24.
Spanish Dockers Announce New Promise of Strike Action
Orca LQ is said to been designed to specifically meet the demanding requirements of extreme environments and ultra high performance use cases.
Corvus Energy Adds Liquid-Cooling Option to Orca ESS Offering
The news comes a month after DNV GL announced that it had granted AiP to Bluesoul for the technical feasibility of the company's BlueSulf scrubber system.
Scrubber Manufacturer Bluesoul Forms Partnership with Chinese Yard
"What we are seeing from bunker buyers is they want to make sure they are dealing with a compliant counterparty," Monjasa's Thorstein Andreasen tells Ship & Bunker
Are Compliance Officers the Next "Must Have" for the Bunker Industry?
Bunker prices were softer in the primary ports.
Crude Falls as Market Expects Big Builds in Crude Inventories Tomorrow
The Pacific basin is said to be seeing growing enquiries and activity following the conclusion of Chinese New Year festivities.
Baltic Dry Index Returns Above 800 as Industry Analysts Suggest Market is Ready for Recovery
Grindrod says that it expects a loss between R 455 million ($34.81 million) and R 465 million ($35.58 million) for the year to December 31, 2016.
Grindrod Bunker Barge Business Provides Support to 2016 Financial Results
For the full year 2016, Matson achieved a net income of $80.5 million, down from $103.0 million in 2015.
Bunker Fuel Price Increase Cited for Matson's Weaker 2016 Q4 Results
But the key question is how long the deal will be in place, with ABN Amro Bank warning a failure to extend it could send oil back into the $30's.
OPEC: Anything Less Than 100 Percent Compliance in Oil Cutback Deal Is Not Satisfactory