Archive News

October, 2020
Date	Headline	Image
Fri23Oct	Oil Down On Demand Worries - Despite More Evidence That Demand Is Recovering Meanwhile, Libyan output and U.S. rig counts are increasing.
Fri23Oct	IMO Working Group Pushes Through Ship Efficiency Compromise Environmental NGOs argued the measures agreed this week would only cut shipping's GHG emissions by 0.65-1.3% by 2030.
Fri23Oct	US Politicians Show Interest in Carbon Emissions Monitoring for Shipping The US taking on a similar model to the European MRV regulation would be a significant step towards global carbon emissions monitoring.
Fri23Oct	Boxship Speeds Advanced Further in September: VesselsValue Some container ship speeds are reaching levels seen before the COVID-19 crisis hit shipping.
Fri23Oct	GCC Bunkers Takes on New Digital Operations Management Platform The company has selected the ION Aspect CTRM platform provided by ION Commodities to manage its physical oil and fuel business.
Fri23Oct	Duel-Fuel Gas Carrier Upgrades Too Expensive for Dorian LPG The cost of duel-fuel LPG retrofits for VLGCs would be more than three times that of scrubber retrofits.
Fri23Oct	Singapore's MPA Signs Research and Development Deal With ABS The two bodies will work together on projects on decarbonisation, AI, predictive maintenance, cybersecurity and other areas.
Thu22Oct	Oil Rebounds On Hope Of Stimulus Package Longer term, Goldman Sachs sees average Brent prices rising to $59.40 next year from $43.90 this year.
Thu22Oct	Hydrogen Ship Project Wins €8 Million of EU Funding Wilhemsen will operate the ship, which is planned to be operational by 2024.
Thu22Oct	Weekly Vessel Scrapping Report: 2020 Week 42 Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from October 15 – October 21, 2020.
Thu22Oct	UBS Loses $60 Million in Commodity Trade Finance Fraud Case The counterparty behind the fraud has not been publicly named.
Thu22Oct	Fujairah Fuel Oil Stocks Gain Most in Six Months Heavy distillate and residue stocks at the port surged by 16% to 10.361 million barrels in the week to Monday.
Thu22Oct	Rotterdam Bunker Licensing Scheme to Launch in February The system sets standards for suppliers on sampling and quality management, among other areas, and does not make the use of mass flow meters mandatory.
Thu22Oct	Long Beach Container Throughput Hits Record High Container throughput climbed to 795,580 twenty-foot equivalent units (TEU) in September, up by 12.5% on the year and the highest month on record.
Wed21Oct	Inventory Rise Spooks Traders, Causes 4% Drop In Oil Prices Further mergers reported among U.S. shale players.
Wed21Oct	Lim Family Wants Ocean Tankers Liquidated Judicial managers want to return the firm's chartered fleet.
Wed21Oct	New Methanol Bunker Project Launched in Ghent By ten private- and public-sector partners.
Wed21Oct	Harvey Gulf Orders More Battery Power Systems for PSVs A further four vessels to receive the upgrades.
Wed21Oct	Ships Should Bunker VLSFO More Frequently Because of Shelf Life: KPI OceanConnect The shorter shelf life of some VLSFO blends may be causing stability problems for shipowners.
Wed21Oct	Fujairah Authorities May Start Publishing Bunker Demand Data The port is considering publishing the data in addition to its weekly oil product inventories numbers.