World News

ANALYSIS: IMO Fuel Reports Show VLSFO Shortage Blackspots

FONAR submissions for January suggest some countries' ports are becoming more unreliable for VLSFO supply than others.

4 Mar 2020

Panic Over Virus Spread Unwarranted But Still Causes Price Gains For Crude

Meanwhile, OPEC is reportedly close to agreeing to deeper cuts.

3 Mar 2020

Wärtsilä to Join South Korean Shell LNG Bunker Barge Project

The ship is due for delivery in early 2022, and will subsequently be chartered by Shell.

3 Mar 2020

Windship Technology Project Sees 30% Fuel Savings From Wind Propulsion

Windship's model used fixed-wing sail technology to reduce fuel consumption and emissions.

3 Mar 2020

Scrubber Payback Time Under Fire As Global HSFO-VLSFO Spread Drops to New Low

The HSFO-VLSFO spread at 20 leading bunker ports worldwide narrowed further on Monday.

3 Mar 2020

FEATURE: What IP Week Told Us About the Bunker Industry

The coronavirus outbreak and continued uncertainty over IMO 2020 conspired to rain on the bunker industry's IP Week parade this year.

3 Mar 2020

Oil Stages "Remarkable" Rebound on Hopes of OPEC Combating Coronavirus Impact

But one analyst says over 1 million BPD in cuts are required.

2 Mar 2020

HSFO Carriage Ban Comes Into Effect

As of March 1 vessels without a scrubber are not permitted to have bunker fuel onboard with a sulfur content higher than 0.50%.

2 Mar 2020

COVID-19 Outbreak Sees TPM Container Conference Cancelled

The conference was due to be held this week in Long Beach, California.

2 Mar 2020

SeaTech Consortium Wins EU Funding for Energy-Efficient Shipping Project

The project aims to commercialise the developments in the European and Asian short-sea shipping markets by 2025.

2 Mar 2020

BW LPG Plans Four More Gas Carrier Retrofits for LPG Fuelling Option

The company has exercised an option to retrofit four more of its very large gas carriers with duel-fuel engines capable of LPG-fuelled propulsion.

28 Feb 2020

Frontline Completes 26th of 32 Planned Scrubber Installations

The company plans to install a further six of the emissions-cleaning systems on its tankers by the summer.

28 Feb 2020

Fujairah Fuel Oil Stocks Gain 17% in Week as COVID-19 Demand Drop Continues

Heavy distillate and residue inventories climbed to 15.167 million barrels in the week to Monday.

28 Feb 2020

World Fuel Services Sees 64% Q4 Bunker Margin Gain From IMO 2020 Boom

The company's marine segment saw profits gain 37% to $56.6 million in the fourth quarter of last year.

28 Feb 2020

ANALYSIS: COVID-19 Eliminates IMO 2020 Cost at Rotterdam as VLSFO Drops Below 2019 HSFO

Bunker buyers are paying less now for their VLSFO than they paid for HSFO last year.

28 Feb 2020

More Coronavirus Woes For Crude, But Prices Could Improve By Summer Says Analyst

Meanwhile, Saudi Arabia cuts crude supplies to China by 500,000 bpd.

27 Feb 2020

Weekly Vessel Scrapping Report: 2020 Week 8

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from February 20 – February 26, 2020.

27 Feb 2020

Teekay: 'Smooth Transition' to IMO2020 Grade Fuel

As majority of fleet's fuel requirement contracted for 2020.

27 Feb 2020

SAL Heavy Lift Takes on Inatech Bunker Procurement Software

Demand is increasing for Inatech's Smart Trader app.

27 Feb 2020

Oil Prices Pummelled By Coronavirus, But Aramco Trading Chief Foresees Recovery In April

Meanwhile, OPEC insists it can still balance the market.

26 Feb 2020