World News

IMO Adopts New Rules Bringing Consistency to Sulfur Compliance Testing

Set to come into force from April 2022, but Governments being encouraged to adopt them now.

22 Nov 2020

Vaccine Optimism Causes Weekly Gains For Oil, While Analysts Predict 2021 Prices In The $50s

Meanwhile, Saudis and Russia compete for China market.

20 Nov 2020

TFG Marine Posts First Loss of 2020

Shipping company Golden Ocean's earnings release appears to show a loss for new bunker supplier TFG Marine.

20 Nov 2020

Petredec Orders Three More LPG-Powered Gas Carriers

Petredec has ordered three 93,000 m3 LPG carriers capable of running on LPG, to be built at the Jiangnan Shipyard in China.

20 Nov 2020

Oil Down On Infection Concerns, But Fundamentals Are Improving

Kemp predicts a cyclical upswing for crude in 2021.

19 Nov 2020

Maersk: No Big Role for LNG Bunkers as Transitional Fuel

"We would rather go from what we do today straight to a CO2-neutral type of fuel," says CEO Skou.

19 Nov 2020

Weekly Vessel Scrapping Report: 2020 Week 46

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from November 12 – November 18, 2020.

19 Nov 2020

FEATURE: Could a Clearing House for Bunker Trades Solve the Industry's Credit Problems?

NSI's Paul Hardy argues the establishment of a bunker clearing house could improve the industry's relationship with the banks.

19 Nov 2020

Bunker Trader CEO Sees New Maritime Lending Come With Strings Attached

The Poseidon Principles are helping to bring forward questions about the decarbonisation agenda into current discussions with potential lenders.

18 Nov 2020

Container Giant Maersk Saw 6.5% Drop in Bunker Consumption in Third Quarter

The company consumed a total of 2.621 million mt of bunkers in the third quarter.

18 Nov 2020

Alfa Laval Launches New Product Targeting Methane Slip From Gas-Powered Ships

The company's new PureCool solution recirculates exhaust gas at low pressure to reduce methane slip.

18 Nov 2020

IMO Approves Decarbonisation Short-Term Measures

The measures include requirements on energy efficiency for existing ships from 2023 and formal carbon intensity targets from 2026.

17 Nov 2020

Mauritius: Scientists Query Nature of Spilled Bunker Fuel

As clean up operation on Indian Ocean's island beaches is set to conclude in January.

17 Nov 2020

DDD-Batman Project to the Rescue on Maritime Battery Health

The project will aim "to develop data-driven methods for diagnostics and prognostics of battery systems," DNV said.

17 Nov 2020

Shipowners to IMO: We Want $2/mt Bunker Levy to Fund Decarbonisation Efforts

Shipowner associations representing 90% of the world merchant fleet want the charge placed on marine fuel consumed.

16 Nov 2020

Second Covid Vaccine Plus China, India Data Boost Oil Prices

Meanwhile, OPEC will likely extend its output cuts.

16 Nov 2020

BIMCO: Warns on Changes to Sulfur Testing Regs

Could result in confusion for buyers, suppliers, and other stakeholders in the marine fuel supply chain.

16 Nov 2020

Singapore: Ship Arrests Made

Two ships detained in port towards the end of last week.

16 Nov 2020

Oil Achieves Weekly Gains Despite Covid Fears Outweighing Vaccine Hopes

The call mounts for OPEC to suspend its January output relaxation.

13 Nov 2020

Shipping Company TORM Sees Scrubber Installations Slow

The company had 43 ships equipped with scrubbers by the end of September, compared with an earlier plan to have 47 installations completed by then.

13 Nov 2020