World News

IMO2020: Bunker Suppliers Have Fallen Short on VLSFO Supply, says INTERCARGO

With vague fuel supply prospects and standards among the issues, shipowners are left to cope with the practical challenges on their own, the group says.

7 Oct 2019

Trafigura Closes New $1.5b Credit Facility

At a sizeable uptick from its initial plan for a USD $1.0 billion-equivalent facility.

7 Oct 2019

IMO2020: Freepoint, Rigby Join Forces on 0.50%S VLSFO Supply

We aim to be a leader in providing low sulfur fuel to satisfy global demand, says Rigby Refining CEO Michael Moore.

7 Oct 2019

Outlook 2020: It's Getting Dangerous Out There

You better watch your step, warns SeaCred's Silber.

7 Oct 2019

Maersk Backs Proposal to Limit Engine Power

Says the move would reward the most efficient ships.

4 Oct 2019

Bunker Quality Issues Aren't Going Away: OCM

But right now it's availability of the 0.50% bunkers that's the biggest concern.

4 Oct 2019

Traders Dissatisfied With Business Growth Figures Cause More Crude Losses

Meanwhile, Saudi output has been restored to full capacity.

3 Oct 2019

Proman, Stena Bulk Ink JV to Operate Methanol Fuelled Tonnage

We are proud to be one of only three companies actively engaged in promoting Methanol as a marine fuel, says Proman Chief Executive.

3 Oct 2019

Weekly Vessel Scrapping Report: 2019 Week 39

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from September 26 – October 3, 2019.

3 Oct 2019

Crude Prices Slip as Expert Warns that Russia and Saudis May Be Pumping Too Much

But analysts still can't agree if the market is tight or oversupplied.

2 Oct 2019

Medmar "Mess" Leaves Bunker Suppliers Examining Exposure

Greek dry bulk operator runs in trading difficulties.

2 Oct 2019

ClassNK Issues IMO2020 Fuel Switchover Guidance

Outlines potential risks for ship crew members and measures to mitigate them.

2 Oct 2019

Peninsula Lifts its Bank Liquidity to Over $800M Ahead of IMO2020

Following uplift of its Asian receivables finance facility.

1 Oct 2019

Poor U.S. Manufacturing Data Causes More Losses for Crude

Analysts also say American output growth is waning - which they say is good news.

1 Oct 2019

Limiting Ship Power, Not Speed, a Better Way to Reduce Emissions, BIMCO Tells IMO

Factors such as sea currents, sea state and weather conditions mean emissions vary significantly for the same speed of a ship.

30 Sep 2019

Korean Shipbuilder, US Clean Tech Firm to Develop Fuel Cell Aframax Design

Using liquified natural gas to generate power.

30 Sep 2019

Over 90% of Shipowners Expect to be Regularly Buying VLSFO in Q4: Monjasa

Over 21% expect to completely substitute HSFO with VLSFO by Jan 1.

30 Sep 2019

Carbon Capture Needed to Achieve Climate Goals: Oil Majors

"A lot of people don't even know what CCUS is," says BP CEO, Bob Dudley.

30 Sep 2019

Weekly Crude Losses Capped By Sentiment That "There's No Faith In The Future"

One analysts suggests traders have become obsessed with media headlines.

27 Sep 2019

Scrubber Retrofit Activity Continues to Lift Inactive Box Ship Numbers

Alphaliner data indicates ships totalling 277,611 TEU of capacity are undergoing scrubber retrofits.

27 Sep 2019