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August, 2018
Date Headline Image
Thu16Aug
IMO2020: TORM to Install Scrubbers on 14 Vessels
The programme includes all vessels currently on order and the three LR2 vessels that were delivered earlier in 2018.
 IMO2020: TORM to Install Scrubbers on 14 Vessels
Thu16Aug
Aegean Completes $1bn Mercuria Finance Deal
Aegean Chairman Donald Moore calls it a "transformative transaction."
 Aegean Completes $1bn Mercuria Finance Deal
Wed15Aug
Bad Bunkers: Damage From Contaminated Fuel in Pictures
Reports of "bad bunkers" have been one of the main talking points of the summer.
 Bad Bunkers: Damage From Contaminated Fuel in Pictures
Wed15Aug
How Do Major Spills Still Happen With Double Hull Tankers?
Bow Jubail spill highlights bunkers are the achilles heel of double-hull tankers.
 How Do Major Spills Still Happen With Double Hull Tankers?
Wed15Aug
Bow Jubail Bunker Spill: Too Early to Comment on Specific Clean Up Cost Coverage, says Odfjell
But says coverage of claims "will be in full accordance with Dutch law and regulation, and governed by the relevant international conventions."
 Bow Jubail Bunker Spill: Too Early to Comment on Specific Clean Up Cost Coverage, says Odfjell
Wed15Aug
CPC Announces Suspension of IFO380 Bunkering at Taichung
Move due to annual maintenance of bunker barge.
 CPC Announces Suspension of IFO380 Bunkering at Taichung
Wed15Aug
IMO2020: NORDEN Makes $54 million Commitment to Scrubbers
Sees an estimated financial return of approximately 25% within 5 years.
 IMO2020: NORDEN Makes $54 million Commitment to Scrubbers
Tue14Aug
IMO2020: Drewry Sees LSFO Premium at $87 in 2023, Falling From $300 in 2020
Quickly narrowing spread has implications for those considering scrubbers.
 IMO2020: Drewry Sees LSFO Premium at $87 in 2023, Falling From $300 in 2020
Tue14Aug
IMO2020: Another Tanker Owner Opts for Scrubbers, Eyes Competitive Advantage
GULFNAV also adds bunker-saving tech to vessels.
 IMO2020: Another Tanker Owner Opts for Scrubbers, Eyes Competitive Advantage
Tue14Aug
Singapore: Is the 8% Drop in July's Bunker Sales Significant?
Fall comes amid recent reports of fuel quality problems.
 Singapore: Is the 8% Drop in July's Bunker Sales Significant?
Tue14Aug
FOBAS Alert: High Aluminium + Silicon (Catfines) Levels in Fuels from Mina al Ahmadi, Kuwait
Al+Si content at concentrations that may not readily reduce to acceptable levels.
 FOBAS Alert: High Aluminium + Silicon (Catfines) Levels in Fuels from Mina al Ahmadi, Kuwait
Tue14Aug
ARA: ExxonMobil Claims Another MFM First
Is now delivering its HDME hybrid fuel using the technology.
 ARA: ExxonMobil Claims Another MFM First
Mon13Aug
Another New Hire for Sing Fuels
Krishnamachari Srinivasan joins as Director, Finance & Operations.
 Another New Hire for Sing Fuels
Mon13Aug
Crude Prices Soft as Uncertainty Rules: Analysts See $50/bbl Just as Likely as $100/bll
Even news from minor players like Turkey are spooking traders.
 Crude Prices Soft as Uncertainty Rules: Analysts See $50/bbl Just as Likely as $100/bll
Mon13Aug
Saudi Output Cuts and Strong U.S. Dollar Spells Calamity for Crude Prices: Analysts
The outcome is described as an "almost unbearable burden" for the market.
 Saudi Output Cuts and Strong U.S. Dollar Spells Calamity for Crude Prices: Analysts
Mon13Aug
World Fuel Services Subsidiary Takes Legal Action Against Bomin in Alleged Bad Bunker Incident
WFS' wholly owned Costa Rican subsidiary Trans-Tec also names Singapore's TKK Shipping in a complaint that revolves around bunkers lifted in Panama.
 World Fuel Services Subsidiary Takes Legal Action Against Bomin in Alleged Bad Bunker Incident
Mon13Aug
INTERTANKO: Attempt to Link Bad Bunkers with IMO 2020 Enforcement Delay a "Deliberate Diversion"
May well be a an attempt to keep any guilty party out of the spotlight, the tanker association says.
 INTERTANKO: Attempt to Link Bad Bunkers with IMO 2020 Enforcement Delay a "Deliberate Diversion"
Mon13Aug
Alleged Bad Bunker Problem in Hong Kong: Sources
A case involving "components not normally found in marine fuels" is under investigation.
 Alleged Bad Bunker Problem in Hong Kong: Sources
Mon13Aug
Progressive Barge Line President Terry James Boffone Dies Aged 67
Boffone remembered as "a national leader in the maritime industry ."
Mon13Aug
Sharp Monthly Drop, but Singapore's Overall Bunker Sales for 2018 Stay in Step with 2017 [GRAPH]
Sales edge up sequentially but make an 8% drop year-on-year.
 Sharp Monthly Drop, but Singapore's Overall Bunker Sales for 2018 Stay in Step with 2017 [GRAPH]