World News

Virus Outbreak Sees Scrubber Yard Delays Extending Beyond 3 Months

As of March 17, some 17 container ships had been waiting at yards to have the emissions-cleaning equipment fitted for more than three months.

18 Mar 2020

VPS: Marine Fuel Quality Update

So far VPS have issued 15 Bunker Alerts in 2020, compared with only 3 Bunker Alerts over the same period of time in 2019.

18 Mar 2020

"Toxic" Market Causes More Crude Losses As Analysts Predict Oil In The Teens

Meanwhile, U.S. shale producers slash budgets to combat market conditions.

17 Mar 2020

Scrubber Payback Time to Lengthen Further as HSFO Discount Reaches New Lows

The HSFO-VLSFO spread at Rotterdam narrowed by $37.50/mt to just $62/mt on Monday, according to Ship & Bunker pricing.

17 Mar 2020

Vancouver Joins Forces With Tomakomai on LNG Bunkering

The two authorities will work together to develop the provision of marine fuel at their ports.

17 Mar 2020

Fear Of Coronavirus Overtakes Its Growth Rate as Oil Prices Tumble to $20s

Investors now controlled by fear, not reason, says FXTM.

16 Mar 2020

Sinopec's Guangzhou Produces First VLSFO Batch

1.6K mt cargo delivered to company's sales arm.

16 Mar 2020

Oil Prices Up Marginally, But Trafigura Worries That Global Demand Will Fall By 10 Million BPD

On the other hand, CNBC thinks less demand will reduce the surplus problem.

13 Mar 2020

OOCL Doesn't Rule Out Fitting Scrubbers to Giant New Boxships

The company expects to run its five new 23,000 TEU ships on VLSFO, but may consider fitting scrubbers to them.

13 Mar 2020

Poseidon Principles Lender Group Signs Up First Asian Bank

A total of 18 financial institutions have now joined the organisation, covering more than a third of the global shipping finance portfolio.

13 Mar 2020

Coronavirus Hysteria Causes More Massive Losses For Crude - And More To Come, Say Analysts

Meanwhile, U.S. producers take the hit for the Saudi/Russia price war.

12 Mar 2020

Weekly Vessel Scrapping Report: 2020 Week 10

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from March 5 – March 11, 2020.

12 Mar 2020

Corvus Energy to Supply Battery System for Coastal Cargo Carrier

Corvus will supply a 1,500 kWh battery pack that will reduce the vessel's fuel consumption by about 20%.

12 Mar 2020

IMO MEPC Meeting Called Off as London Headquarters Close

The organisation has now postponed the upcoming meeting of its Marine Environment Protection Committee (MEPC), previously scheduled for the week starting 30 March.

12 Mar 2020

Russia Approves Plans for New Murmansk Bunker Terminal

The terminal is expected to handle 441,000 mt of fuel per year, serving 744 ships annually.

12 Mar 2020

Saudi Output Uptick Causes More Crude Losses, But Analyst Sees Chance For Industry To Restructure

Meanwhile, the IEA downgrades its demand forecast.

11 Mar 2020

Tanker Oprator TORM Plans 17 More Scrubber Installations This Year

As of March 11 the company has 30 vessels operating with scrubbers.

11 Mar 2020

Consultant Sees Low Bunker Price Prompting Boxships to Dodge Suez and Panama

In late 2015 and early 2016 as many as 100 ships took advantage of low bunker prices to avoid the canals.

11 Mar 2020

Oil Rebounds, But Threat of Russia/Saudi Price War Still Worries Analysts

Meanwhile, another expert dismisses claims that U.S. shale was in Russia's crosshairs.

10 Mar 2020

FONAR Filings Do Not Reflect True Scale of VLSFO Shortages: BIMCO

A lack of FONARs being filed does not necessarily mean that VLSFO supply has been sufficient in every port.

10 Mar 2020