World News

Offline Container Capacity Could Reach 12.6% of Total Fleet

The previous peak of offline capacity was 2.46 million TEU, reached last month.

8 Apr 2020

FEATURE: Bunker Industry Adjusts to New Working Practices Amid Virus Disruption

Some industry sources have reported operational problems caused by having the majority of staff working from home.

8 Apr 2020

Panicked Traders Cause More Crude Losses Despite Possible Third Quarter Economic Uptick

Meanwhile, the coronavirus impact has been downwardly revised.

7 Apr 2020

Energy Producer Total Charters LNG-Powered VLCCs to AET

Total has agreed to charter the two new VLCCs to Malaysia's AET upon their delivery in 2022.

7 Apr 2020

Green Groups Ask For Online IMO Meeting After MEPC Cancellation

Last week's scheduled meeting of the Marine Environment Protection Committee (MEPC) that sets emissions regulations for shipping was postponed indefinitely in March.

7 Apr 2020

Market Outlook and Bunker Buying Strategies for Q2 2020

The most effective way to look at the market currently is to assess the associated risks, writes NSI's Paul Hardy.

7 Apr 2020

Oil Down on Concerns About Historic Cutback Deal

Meanwhile, media continues to skew its reporting of the coronavirus pandemic.

6 Apr 2020

Integr8 Recommends HSFO Enquiries Seven Days Ahead of Delivery

The company recommends advance warning of seven or more days for a better chance at good availability and competitive pricing.

6 Apr 2020

Coronavirus Could Cost Container Lines $23 Billion: Sea-Intelligence

The company warns of a worst-case scenario in which boxship freight rates decline as much as they did in the aftermath of the financial crisis in 2009.

6 Apr 2020

Monjasa Saw 14% Rise in Bunker Sales at Start of IMO 2020

Total sales jumped to 1.232 million mt in the three months to March 31.

6 Apr 2020

OPEC+ Postpones Emergency Meeting to Thursday

The emergency meeting, originally expected to be held over webinar on Monday, has now been postponed to Thursday.

6 Apr 2020

Bunker Prices Stall as Crude Jumps 50%

VLSFO in major ports Friday had a 5% premium over Brent, vs a Q1 2020 average of 35%.

6 Apr 2020

More Huge Gains For Crude Despite Potential Virus Treatments Meeting Bureaucratic Resistance

Meanwhile, Royal Dutch Shell prepares for a new energy industry landscape.

3 Apr 2020

OPEC+ Group Plans Extraordinary Meeting Next Week After Crude Collapse

Crude prices have risen sharply since the end of March on renewed hopes of a reconciliation within OPEC+.

3 Apr 2020

Wallenius Wilhelmsen Announces Plans to Mitigate Pandemic Disruption

The company has cut spending by $20 million with the cancellation of four scrubber installations.

3 Apr 2020

Oil Prices Achieve Historic One Day Recovery, While Surgeon General Says Washington, California, Italy Have "Flattened The Curve"

Meanwhile, "game changing" virus treatment yields promising results.

2 Apr 2020

IMO 2020 Premium Evaporates, Price Paid for Bunkers in March 20% Lower than in 2019

Average VLSFO price for Global Top 20 Ports was $351.50/mt in March 2020, vs the March 2019 average IFO380 price of $425/mt.

2 Apr 2020

Weekly Vessel Scrapping Report: 2020 Week 13

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from March 26 – April 1, 2020.

2 Apr 2020

US Cryrogenic Firm Lands Marine Fuel Cell Contract

Includes study on hydrogen fuel tanks for ships.

2 Apr 2020

Integr8 Fuels Sees 7% Drop in Bunker Demand

The company said it may be another month before general oil demand starts to recover.

2 Apr 2020