World News

Weekly Vessel Scrapping Report: 2020 Week 24

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from June 11 – June 17, 2020.

18 Jun 2020

Fujairah's Bunker Market Influence to Rise With Third Refinery

Ecomar Energy Solutions has started operations at its 15,000 b/d refinery in Fujairah.

18 Jun 2020

Maersk Hints at Improving Outlook for Containers in Financial Update

In an update of its expectations for Q2 results, the company said it expected EBITDA to be slightly above the Q1 level of $1.5 billion.

18 Jun 2020

Marine Fuel Trader Glander Sees 73.6% Jump in Earnings

Earnings before eax in the 2019/2020 financial year surged to $27.3 million, from $15.7 million a year earlier.

18 Jun 2020

Oil Dips Slightly on Coronavirus Spikes But Analytical Outlook For Recovery Remains Strong

Also, OPEC is reporting a high compliance rate for its output cuts.

17 Jun 2020

WinGD Announces Exhaust Recycling Solution to Cut Emissions and Fuel Consumption

The system could cut fuel consumption by as much as 3% while using LNG.

17 Jun 2020

Forward Ships Raises Concern Over Potential Nitrous Oxide Emissions From Ammonia Bunkers

Forward has been a strong advocate of LNG bunkering as a way for the shipping industry to reduce its carbon footprint.

17 Jun 2020

Shipowner Argues Bunker Fuel Choice Should be on Well-to-Wake Basis

Bunker fuel should be viewed holistically when considering its carbon footprint.

17 Jun 2020

North P&I Club Warns of VLSFO Risks With Heat-Sensitive Cargo

Fuels that require heating may cause damage if stored next to heat-sensitive cargo.

17 Jun 2020

Crude Up Again As Virus Concerns Take A Back Seat To Demand Momentum

The International Energy Agency is optimistic about a continued recovery into 2021.

16 Jun 2020

Euronav Sees US Refining Flexibility Behind Current HSFO Strength

The spread was just $49.50/mt at Rotterdam on Monday, according to Ship & Bunker pricing, down from $298/mt at the end of 2019.

16 Jun 2020

MSC Suggests Carbon Offsetting as Early Shipping Decarbonisation Measure

The move is an unusual foray into carbon offsetting for the shipping industry, which has largely focused on developing alternative fuels so far.

15 Jun 2020

BMS United Sees 62% Jump in Annual Earnings

BMS posted earnings before tax of $24.3 million in the year to April 30.

15 Jun 2020

New Study Shows New Zero-Emission Ships Alone May Not Be Enough For Shipping's Climate Targets

New research warns failure to act now on addressing the existing fleet's carbon emissions may lead to enforced scrappage later.

12 Jun 2020

Total Sees LNG as 'Clear Leader' Among Current Alternative Bunker Fuels

"That LNG is the most appealing solution for today is not at odds with investing in developing longer-term solutions for the industry."

12 Jun 2020

Coronavirus Fears Cause Oil To Shed Gains, But More Lockdowns Seems Unlikely - At Least In The U.S.

Still, analysts worry that demand may plunge again.

11 Jun 2020

Weekly Vessel Scrapping Report: 2020 Week 23

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from June 4 – June 10, 2020.

11 Jun 2020

INTERVIEW: GP Global Sees Bunker Demand Rally From Third Quarter

The company plans to continue applying for a physical supply licence in Singapore after its application earlier this year was not approved.

11 Jun 2020

IMO Brings Forward Publication of Fourth GHG Study

The IMO's fourth GHG study is 'near completion'.

11 Jun 2020

AlfaLaval Announces Scrubber Design for Smaller Vessels With Reduced Installation Time

The model is designed to handle engine power up to 10 MW and up to 75 tonnes of exhaust gas per hour, making it suitable for vessels around the 40,000-65,000 DWT range.

11 Jun 2020