World News

HSFO Prices May Rise on Restricted Supply

Global bunker markets experiencing tight availability and barging issues for HSFO, says bunker trader.

20 Feb 2020

Maersk Sees 6.7% Cut in Bunker Consumption Despite Fleet Growth

Total bunker consumption dropped to 11.092 million mt in 2019 from 11.894 million mt the previous year.

20 Feb 2020

Container Giant Maersk Hits IMO 2030 Carbon Target 10 Years Early

As of 2019 the company has reduced its relative carbon dioxide emissions by 41.8% compared with a 2008 baseline.

20 Feb 2020

IMO 2020: No Large Speed Bump Thus Far

Without question, the biggest surprise from the roll out of IMO 2020 is what hasn't happened.

20 Feb 2020

Crude Prices Soar As Analysts Shift Gears And Now Worry About A Supply Shortage

Meanwhile, the Saudis now think the coronavirus is akin to a burning house.

19 Feb 2020

Scorpio Tankers Sees $5,400/Day Premium for Scrubber-Equipped LR1 Tankers

In January the company's LR1 tankers with scrubbers earned $5,400/day more than those without against average earnings of $19,000/day for this type of vessel.

19 Feb 2020

UK's Royal Society Backs Ammonia Bunkers to Cut Shipping GHGs

The organisation published a policy briefing document Wednesday on ammonia's potential as a zero-carbon store of energy.

19 Feb 2020

VIEWPOINT: Total's Move Away From Fuel Oil May Unnerve Shipowners With Scrubbers

HSFO supplies may start declining more rapidly than the market currently expects.

19 Feb 2020

Libyan Output Collapse Supports Crude Prices, But Coronavirus Worries Still Prevail

Meanwhile, expectations are that OPEC will enact deeper output cuts.

18 Feb 2020

Hybrid Models Take Up a Third of Wärtsilä Scrubber Sales

The remaining two thirds are open-loop orders.

18 Feb 2020

INTERVIEW: Trident Alliance Remains Cautious Over Declaring IMO 2020 Mission Accomplished

The Trident Alliance is a coalition of ship owners and operators formed in 2014 to help ensure "robust and transparent" enforcement of sulfur regulations for shipping.

18 Feb 2020

IBIA Defends Scrubbers Against 'One Size Fits All' Washwater Policy at IMO

Scrubber washwater is one of the subjects under discussion at the IMO this week.

17 Feb 2020

Star Bulk Sees IMO GHG Targets Holding Back Newbuild Orders: Argus

The lack of new orders may tighten the freight market.

17 Feb 2020

Environmental Protesters Greet IMO Delegates at Start of PPR Subcommittee Meeting

The PPR subcommittee is meeting at the IMO's headquarters in London this week.

17 Feb 2020

Kenni Goldenbeck Rejoins Dan-Bunkering from KPI Bridge Oil

Goldenbeck is now listed as Dan-Bunkering's sales manager in Middelfart.

17 Feb 2020

VLSFOs – The Importance of Recording Seal Numbers in the Bunker Delivery Note (BDN)

The absence of representative seal numbers in the BDN will considerably weaken any claim case between the buyer and seller of bunkers in the event of a quality dispute.

17 Feb 2020

Oil Achieves First Weekly Gain Since January as Coronavirus Fears Continue to Abate

Meanwhile, teapot Chinese refiners are benefiting from depressed prices.

14 Feb 2020

Canada to Support Arctic Fuel Oil Ban at IMO Next Week: Report

The move would make Canada the seventh Arctic country to support the ban.

14 Feb 2020

UK Bunker Supplier Greenergy Merges with Canada's BG Fuels

BG Fuels will be combined into Greenergy, which expanded its Northwest European bunker business this week, over the course of 2020.

14 Feb 2020

Oil Up For Third Straight Day Despite Bleak Coronavirus News

One analyst believes traders are trying to lock in profits.

13 Feb 2020