World News

Oils Drops Over 3 Percent As Traders Express Concern Over U.S. Economic Figures

But Goldman still sees a robust 2021 recovery for crude.

4 Sep 2020

Scrubber Repairs Needed Just Six Months After Installation in Some Cases

The number of scrubber-equipped ships needing repairs to their washwater pipes appears to be increasing.

4 Sep 2020

Weekly Vessel Scrapping Report: 2020 Week 35

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from August 27 – September 2, 2020.

3 Sep 2020

Proposed IMO Ban Would Still Allow 84% of Fuel Oil Use in Arctic to Continue: NGO

If adopted, the proposed ban would come into force in July 2024.

3 Sep 2020

Cargill Invests in Maersk Tankers Fuel Efficiency Spin-Off ZeroNorth

The collaboration with Cargill takes the number of vessels using ZeroNorth's Optimise software to almost 1,000.

3 Sep 2020

Cockett Marine Oil Sees 11-17% Global Bunker Demand Drop in 2020

CEO Cem Saral sees no return to pre-coronavirus demand levels before the middle of 2022.

2 Sep 2020

DFDS Targets 45% Cut in Greenhouse Gas Emissions by 2030

To achieve its aim, DFDS will need to reduce relative GHG emissions by a further 25-35% from 2019's levels over the next decade.

2 Sep 2020

New Technical Guidance Published on Methanol as a Marine Fuel

Classification society Lloyd's Register and industry organisation the Methanol Institute have jointly developed the document.

2 Sep 2020

Strong Manufacturing Data And Vaccine Hopes Give Modest Boost To Oil Prices

Analysts now concede that demand recovery is moving forward after all.

1 Sep 2020

New Partnership Seeks to Set Marine Fuel Sustainability Standards

The Sustainable Shipping Initiative (SSI) and the Copenhagen Business School have agreed to work together on the project.

1 Sep 2020

Maersk Reorganises Ocean and Logistics Division

The Safmarine brand will be integrated into Maersk, and the Damco brand's air and less-than-container load offerings will be combined within Maersk's products.

1 Sep 2020

Monthly Crude Gains, Strong European Performance, But Analysts Still Gloomy

China recovery also better than expected.

31 Aug 2020

The Road to Zero: Interest Builds in Carbon Capture as Marine's First Onboard Trial Announced

"K" Line sets target of next year for sea trials of its CC-Ocean project, but will the technology be politically acceptable?

31 Aug 2020

Laura Deals Minimal Blow To Crude Prices, Quick Resumption Of Gulf Production Expected

Meanwhile, Iraq posts unusually strong output cut compliance.

27 Aug 2020

Weekly Vessel Scrapping Report: 2020 Week 34

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from August 20 – August 26, 2020.

27 Aug 2020

Carnival Corporation Makes Progress Towards IMO 2030 Carbon Target

Carnival's total bunker consumption was 3.312 million mt last year, up by 0.5% from 2018's level.

27 Aug 2020

Laura And Covid Once Again Dominate Crude Trading With Prices Mixed

Meanwhile, demand resiliency continues to defy analytical expectations.

26 Aug 2020

European Cruises Pencilled in but World Trips Postponed

Hard-hit cruise sector takes first steps back to becoming operational.

26 Aug 2020

Hunter Tankers Takes Delivery of Final Scrubber-Fitted VLCC

The company took delivery of the Hunter Frigg on 21 August.

26 Aug 2020

Alphatanker Sees 2021 Worldscale Flat Rates Drop by 20-25% on VLSFO Collapse

Worldscale flat rates are set annually and are used as the basis of some freight markets with trades being made at a differential to them.

26 Aug 2020