World News

Cruise Companies Trim Costs to Weather Covid-19 Storm

Remaining two cruise ships at sea disembark passengers.

21 Apr 2020

Bunker Surveyors Facing Operational Restrictions

In many ports we cannot measure the barge's tanks, a cause for concern should a major discrepancy occur, Petro Inspect founder Kaivan Chinoy tells Ship & Bunker.

21 Apr 2020

Box Lines Keep a Handle on Capacity Management

Contract rate remains stable despite weak demand.

20 Apr 2020

FONAR Filings to IMO Drop to Four in March

The four filings compare with eight posted in February and 44 in January.

20 Apr 2020

Stolt-Nielsen to Cancel Scrubber Installations Where Possible

The company has identified about $30 million of capital expenditure that can be cut in its tankers division, where scrubber installations have been the main capital cost.

20 Apr 2020

VLSFO Price Hits New Low, Bunker Costs Lowest Since 2016

Ship & Bunker's Global 4 Ports index indicated the average VLSFO price in the major bunkering hubs Thursday fell to $235.50/mt.

20 Apr 2020

Oil Down But Cautious Optimism Builds As Virus Restrictions Ease

However, resistance to life returning to normal continues.

17 Apr 2020

Freight Forwarders Warn BAFs May Be Being Used to Claw Back Revenues Lost to COVID-19

Average very low sulfur fuel oil prices have dropped by $209.50/mt since the end of February as crude prices collapsed in the face of global supply not being cut fast enough to keep up with evaporating demand.

17 Apr 2020

IMO Secretary General to Consider How to Hold Digital-Only Meetings

Several meetings scheduled to be held at the IMO's London headquarters over the past month have been postponed.

17 Apr 2020

IMO Expects No Delay to 2023 GHG Strategy Review

"The decisions on the levels of the GHG strategy have already been made."

17 Apr 2020

ABS Forecasts Oil-Based Bunkers Taking Up to 40% Market Share in 2050

On Thursday the organisation published a report titled "Setting the Course to Low Carbon Shipping" setting out its analysis of the decarbonisation agenda for shipping.

17 Apr 2020

Trident Alliance Warns Shipowners Against FONAR Use Where MGO is Available

Some FONARs filed so far this year explicitly mention non-availability of both 0.50%S and 0.10%S fuels. Others are more vague.

17 Apr 2020

Weekly Vessel Scrapping Report: 2020 Week 15

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 9 – April 15, 2020.

16 Apr 2020

LQM to Host Webinar on COVID-19 Effect on Bunker Market Volatility

The 1.5 hour webinar will be titled "2020: IMO, COVID-19 & Principles of Risk Management" and will be held on May 12 at 2:30 PM London time.

16 Apr 2020

Monjasa Sets Out Top Supply Ports for 2019

The company made sales at 692 different ports in 2019, up from 601 the previous year.

16 Apr 2020

MSC Confirms Easter Outage Was Caused By Cyberattack

MSC is now reviewing its internal IT systems "both from a software and an infrastructure perspective" to prevent future attacks.

16 Apr 2020

Monjasa Reports Fivefold Increase in Profits Ahead of IMO 2020

Profit jumped to $26.5 million for 2019 from $5 million a year earlier.

15 Apr 2020

Scorpio Bulkers Completes 11th Scrubber Installation

The company estimates the total cost of its scrubber installation programme across all 45 ships at $95.4 million.

15 Apr 2020

MSC Recovers After Suspected Cyberattack

The incident affected the availability of MSC's website and some of its digital tools for a few days.

15 Apr 2020

Crude Traders Unimpressed With Crude Cutback Deal, While Coronavirus Spread Continues To Abate

Meanwhile, WHO is blasted for supporting China wet markets.

14 Apr 2020