July, 2017
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Experts are at odds whether deeper OPEC cuts would help or harm the market, however.
OPEC Output Increases Again, Spurring Renewed Calls for Counter-Actions
The results were presented in Costa Cruises' newest sustainability report.
Costa Cruises Claims 3% YoY Reduction in Bunker Consumption for 2016
"We are confident that IMO will now be able to deliver an ambitious strategy at the next IMO working group meeting," said ECSA's Patrick Verhoeven.
ECSA Hails "Important Progress" on GHG Emissions at MEPC 71
"Talusia Optima has been designed specifically to facilitate fuel switching when transiting both in and out of Emission Control Areas (ECAs), without the need to change lubricants," says Lubmarine.
Total Lubmarine: ECA Fuel Switching-Focused Lube Oil Now Approved by All Engine Manufacturers
Bunker prices were somewhat firmer in the primary ports.
Crude Climbs as EIA Cuts 2018 Oil Production Projection
"The technology will be deployed on a manned helicopter, but with the prospect of phasing in drones as a supplement in the future," the EPA says.
Danish EPA Begins ECA Compliance Checks Using New Aerial Sniffer Tech
However, groups also stressed the need for rapid action on decisions made at MEPC 71.
ICS, Environmental NGOs Welcome IMO Progress Toward GHG Reductions
YKIP's addition to SEA\LNG is noted to take the cross-industry coalition's latest membership to 26.
SEA\LNG Gains Yokohama-Kawasaki International Port Corporation as Newest Member
"The sale of OOIL/OOCL means there aren't many other takeover candidates left on the shelf," said Drewry.
Drewry: OOIL Acquisition Marks Conclusion of Merger and Acquisition Wave
The report, released by Petrofin Research, suggests that lending to shipping companies dropped by $42.5 billion in 2016.
2016 Saw "Substantial Drop" in Banks' Lending to Shipping: Report