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September, 2017
Date Headline Image
Meanwhile, OPEC's secretary general assures everyone that a market rebalance is coming closer to reality.
Croft Focuses on Peak Demand as Rumour Grow About a Six Month OPEC Cutback Extension
Venezuelan president Nicolas Maduro says the cartel has good recovery strategies in the works but won't say what they are.
OPEC Production Drop in August Accompanied by Predictions of an Imminent Price Recovery
The Baltic Dry Index reached 1,355 on Monday, the highest the index has been since November 2014.
Baltic Dry Index Hits Near Three-Year High
But some markets are poorly positioned as they are short on distillates
0.5% Sulfur Fuel Oil Most Likely Choice for Bunker Buyers in the Americas: Argus
The figures suggest a sizeable number of users will consider ignoring the 2020 sulfur cap and be prepared to continue burning heavy fuel oil.
An Eighth of Total 2020 Bunker Demand from Non-Compliance: Argus
Rolls-Royce says the autonomous, single role, naval vessel will feature electric propulsion with power generated by diesel or gas turbines.
Rolls-Royce Unveils Autonomous Naval Vessel Featuring Electric Propulsion
LPGreen is said to be "making headway" toward a concept design for an LPG carrier capable of operating on LPG fuel.
Joint Project for LPG as Marine Fuel Marks Progress
The first deliveries to Galp were carried out last month, achieving a combined volume of 1,200 tonnes.
Ecoslops Implements Supply Deal with Galp
Mobil Serv is intended to help customers optimise lubricant consumption, maintenance programs, vessel reliability, and reduce overall operating costs.
ExxonMobil Launches New Global Services Brand for End-To-End Marine Lube Solutions
The Islamic republic claims it will pump as much as 4.5 million bpd within five year.
Saudis, Venezuela Push for Supply Cuts Extension as Iran Brags About Boosting Production
"As we approach 2020 the one certainty is the fuel procurement process will become far more complicated, and Shipping companies will consider ways to outsource this function," Steve Leonard writes for Ship & Bunker.
2020: Time for Shipping Companies to Consider a New Fuel Procurement Strategy
Traders are still assessing the impact of Harvey and Irma.
Monday Crude Prices Mediocre with Little Change Expected to Stockpiles
"Potential supply disruption can be expected in some ports," says Iain White, global marketing manager for marine fuels at ExxonMobil
2020 "Unprecedented" Change for Bunker Industry: White
Tom Strang, SVP of Maritime Affairs at Carnival, made the comment at Seatrade Europe 2017 in Hamburg.
Cruise Industry Could Achieve 50% CO2 Emissions Reduction in Near Future, Says Carnival
Henry Curra, Head of Research at Braemar, says technology, including the development of LNG bunkering, could throw off market fundamentals.
Advances in Tech, LNG Bunkering Could Cause Shipping Market Oversupply Situation: Braemar
The new intitaive comes alongside renewed calls for authorities to ban HFO use in the Tasmanian Port of Hobart.
EPA to Monitor Emissions from Cruise Vessels at Tasmanian Port
The new document was launched during London International Shipping Week 2017 by Bureau Veritas, TMC Marine, and the London P&I Club.
New Guidance Released to Prevent Loss of Propulsion Incidents
"I believe the time is absolutely right for technology to extend - not replace - what the modern broker can do," Head of Bunkering Neil Lamerton tells Ship & Bunker.
OilFront: New Technology-Focused Bunker Broker Concept Launches in the UK
Meanwhile, Rosneft boss says the weak dollar, not OPEC, is responsible for recent market gains.
As OPEC Output Falls, Russia's Novak Says It's Premature to Consider Extending Its Production Cuts
Texas will not be affected at all by the mega-storm.
Crude Falls Ahead of Irma: Major Devastation Expected But No Direct Threat to Oil