World News

BNP Paribas Pulls Trade Financing on Exposure to GP Global, Others: Reports

Is the second major player this week to pull back on its trade financing.

6 Aug 2020

Fuel Demand Drives Evolution in Lubricant Testing

Lubricant additive packages may be the key to solving some of the problems associated with VLSFO, according to Lubrizol.

5 Aug 2020 · Lubrizol Corporation

IMO Warns of 'Devastating Consequences' of Beirut Port Explosion

The explosion destroyed most of Beirut's port facilities as well as causing widespread destruction around the city and killing at least 100 people.

5 Aug 2020

GP Global Appoints 'Chief Restructuring Officer' After Alleged Fraud

GP has also brought in UK-based financial restructuring firm Quantuma to assist with its restructuring.

5 Aug 2020

Covid Masks Could be Turned into Biofuel: Study

We have to prepare ourselves to meet the challenges which are forcefully imposed by the COVID-19 pandemic, study's lead author says.

4 Aug 2020

IMO Releases its Fourth GHG Study: Here Are 4 Key Findings

Domestic shipping emissions drastically underestimated; operational measures should be used to reduce emissions; prepare for regulations "loophole" on methane, Black Carbon to be closed.

4 Aug 2020

Online Bunker Buying Platform Offers UK Buyers $20m Finance Facility

But aims to offer this internationally over the coming months.

4 Aug 2020

Scrubber Manufacturer Yara Shifts Focus After Tech's Business Case "Substantially Weakened" by COVID-19, Oil Price Drop

"We had high hopes for the scrubber market in 2020, but Covid-19 changed all that," says Yara's Shyam Thapa.

4 Aug 2020

Strong Global Economic Data Buoys Oil, But OPEC Causes Analytical Worries

Russia loses no time upping its output volumes.

3 Aug 2020

Europe Funds Spanish LNG Bunker Projects

In Barcelona and Algeciras.

3 Aug 2020

COVID Outbreak Sees Norway Tighten Cruise Regs, Hurtigruten's Cruise Ops Restart Paused

"We have not been good enough and we have made mistakes," Hurtigruten CEO, Daniel Skjeldam, said in a statement.

3 Aug 2020

KPI OceanConnect: KPI Bridge Oil Completes Merger With OceanConnect Marine

The deal was first announced in February, and has now received regulatory approval.

3 Aug 2020

Crude Achieves More Monthly Gains While Analysts Contemplate Slow Economic Recovery

However, worries build over the prospect of another inventory glut.

31 Jul 2020

IBIA Warns of MARPOL Non-Compliance in Bunker Delivery Notes

The organisation has seen some recent BDNs where the supplier's declaration is not in compliance with MARPOL Annex VI.

31 Jul 2020

Crude Dips On Trump Election Tweet, Second Quarter Data

But energy companies prove adept at weathering the worst of the lockdowns.

30 Jul 2020

Weekly Vessel Scrapping Report: 2020 Week 30

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from July 23 – July 29, 2020.

30 Jul 2020

Biggest U.S. Inventory Draw Since December Gives Oil Prices A Boost

But the Covid blues continue to firmly cap gains.

29 Jul 2020

Testing Lab VPS Sees Increase in Off-Specification VLSFO

The highest off-spec rate was seen in Europe last month.

29 Jul 2020

New Vote of Confidence in Fuel-Saving Air Lubrication Systems

Hyundai Heavy Industries has ordered Silverstream Technologies' air lubrication systems for eight LNG carriers under construction in South Korea.

29 Jul 2020

Unblanked Sailings Show Renewed Confidence From Container Lines

On the Asia-North America West Coast route, carriers have unblanked 30 sailings in the third quarter.

29 Jul 2020