World News

Zeta Boosts Oil Prices, But Libya And Covid Still Dragging Down The Market

However, BP defied demand worries by reporting a 3rd quarter profit.

27 Oct 2020

MAN Energy Solutions Completes World's First LPG Fuel Retrofit

The company has completed conversion of the main engine of BW LPG's carrier the BW Gemini.

27 Oct 2020

US Treasury Sanctions Iranian Shipping Company NITC

Other maritime organisations added to the list include Atlantic Ship Management LLC and Atlas Ship Management.

27 Oct 2020

BLUE Insight Sets Out Current Cost of Alternative Fuels

Carbon taxes may be needed to make zero-carbon fuels more attractive, according to BLUE's Adrian Tolson.

27 Oct 2020

Oil Suffers 3% Loss on Rising Covid Infections, Libya Worries

But Saudi's energy minister thinks the worst is behind us.

26 Oct 2020

Consultancy Warns of 'Unprecedented' Capacity Injection in Transpacific Boxship Trade

The eight-week rolling average capacity growth in the Transpacific trade has surged beyond 20%, the highest level since the company started recording this measure in 2012.

26 Oct 2020

Oil Down On Demand Worries - Despite More Evidence That Demand Is Recovering

Meanwhile, Libyan output and U.S. rig counts are increasing.

23 Oct 2020

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.

23 Oct 2020

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.

23 Oct 2020

Boxship Speeds Advanced Further in September: VesselsValue

Some container ship speeds are reaching levels seen before the COVID-19 crisis hit shipping.

23 Oct 2020

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.

23 Oct 2020

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.

22 Oct 2020

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.

22 Oct 2020

Harvey Gulf Orders More Battery Power Systems for PSVs

A further four vessels to receive the upgrades.

21 Oct 2020

US Blacklists 6 Chinese Shipping Companies

For dealings with Islamic Republic of Iran Shipping Lines (IRISL).

21 Oct 2020

Oil Rises On Stimulus Hopes, But Gains Capped By Covid

Meanwhile, shale oil continues to have a future even at $40/bbl.

20 Oct 2020

Northern Europe: Shore Power Plan for Inland Shipping

Dutch, Belgium ports to promote electric power to inland shipping sector.

20 Oct 2020

UK: E-ferry Starts Sea Trials

Small passenger vessel to be deployed on southern coast next year.

20 Oct 2020

Stena Bulk Investigates Carbon Capture for Shipping

The feasibility study will focus on the technical and economic challenges posed by using the decarbonisation technology at sea.

20 Oct 2020

Oil Dips On Libyan Output Recovery, Lockdown Worries

Meanwhile, China becomes the first economy to recover form the pandemic.

19 Oct 2020