World News

IBIA Annual Dinner Cancelled for 2021

Due to ongoing restrictions related to the Covid-19 pandemic.

4 Dec 2020

Capesizes Earning More With a Scrubber: BIMCO

Despite VLSFO premium over HSFO falling under $50/mt this year.

4 Dec 2020

OPEC Compromises, Oil Declines, But Excitement Over Covid Vaccines Grows

Meanwhile, Chevron announces capital and exploration cuts.

3 Dec 2020

Danish Ship Finance Sees First Mover Advantage in Zero-Carbon Shipping

Those who move to decarbonise their fleets the earliest may be able to set the terms for how the zero-carbon energy era works for shipping.

3 Dec 2020

Weekly Vessel Scrapping Report: 2020 Week 48

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from November 26 – December 1, 2020.

3 Dec 2020

Tanker Demolition Drops to 23-Year Low

By the end of this year just 24 tankers are likely to have been demolished.

3 Dec 2020

MEDECA: Earliest Implementation 2024

Assuming a proposal is accepted at IMO two years earlier.

3 Dec 2020

Glander International Bunkering Warns of Potential Credit Squeeze Next Year

Supply of credit to the bunker industry has shrunk by 8-10% in 2020, according to the supplier's estimates.

3 Dec 2020

Oil Slips Again On OPEC Delay As U.S. Crude Inventories Rise

Meanwhile, the path to normality begins as Britain approves the Covid vaccine.

2 Dec 2020

Lower Bunker Prices Fail to Stem COVID-Fuelled Rise in Shipping Costs

Bunker prices down 9%, but daily operating costs have jumped by 4.5% this year, rising at their fastest pace in a decade.

2 Dec 2020

IMO Secretary General Calls for Priority Vaccination for Seafarers

The United Nations General Assembly has called on member states in a resolution adopted Tuesday to designate seafarers as key workers.

2 Dec 2020

OPEC Meeting Delay Triggers Crude Price Decline, But Recovery Sentiment Still Strong

However, IHS Markit is concerned about deepening U.S./China rift.

1 Dec 2020

Giant $44 Billion Financial Data Firm Merger May Increase Platts Activity in Shipping

Access to IHS's extensive maritime data could help Platts establish a bigger presence in the shipping industry's operations.

1 Dec 2020

MEDECA: New Study to Show Minimal Impact on Modal Shift

A study by the French Ministry for Ecological Transition to be released next year looks at Medeca's impact on trade routes.

1 Dec 2020

VPS Unveils New Look, Branding

From today will no longer known as Veritas Petroleum Services.

1 Dec 2020

Orderbook Analysis Hints at Importance of Drop-In Bunkers, Retrofit Solutions to Meet IMO Emissions Targets

Clarksons Research analysis shows investment in alternatively-fuelled tonnage is underway.

1 Dec 2020

Songa Container Upbeat on Scrubbers, but Halts Last 2 Installs

Owner expects a more normalised fuel market in the post-COVID environment and the profitability of its scrubbers investments to improve in the future.

30 Nov 2020

Oil Enjoys Huge Monthly Rise On End Of Pandemic Hopes, As OPEC Leans Towards Output Extension

Meanwhile, a huge surge in air travel is expected in China.

30 Nov 2020

MOL To Develop Hydrogen & Wind Powered Vessel Design

The design envisages that the hydrogen will be generated onboard using a power generation turbine ultimately driven by wind power.

30 Nov 2020

Gasum Expands LNG Bunker Supply Footprint

To key European Ro-Ro port Emden.

30 Nov 2020