World News

IMO2020: Maersk Tankers Tweaks Pool BAF Payouts for Scrubber Equipped Tonnage

"It was important for us to find a fair distribution system which reflects the market value of scrubbers," it says.

27 Sep 2019

Shipowners Buying Raw Crude to Use as IMO2020 Bunker Fuel

EnQuest says it has already sold its North Sea Kraken crude for this purpose.

27 Sep 2019

SpaceTech4Sea Project Hopes Carbon Fibre Fuel Tanks Will Boost Uptake of LNG Bunkers

Particularly for short sea shipping.

27 Sep 2019

Oil Trades Flat but J.P. Morgan Predicts Big Rebound in 2020

The firm believes the market is significantly undervalued.

26 Sep 2019

LNG Bunker Lobby Issues Full Response to Criticism of its Benchmark GHG Study

Thinkstep and SINTEF Ocean's Lindstad differ in their opinion on what is the most applicable science to use.

26 Sep 2019

IMO2020: Canada's Irving Oil Ready to Offer VLSFO on Both Sides of the Atlantic

From both Canada's East Coast, and in Europe from Ireland.

26 Sep 2019

Sinopec Blending 0.50%S Bunkers at Qilu Refinery from October

Will produce 300,000 tonnes per year.

26 Sep 2019

Weekly Vessel Scrapping Report: 2019 Week 38

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from September 19 – September 25, 2019.

26 Sep 2019

Oil Dips on Claims of Saudi Output Recovery - Which Analysts Dispute

Meanwhile, a rise in U.S. inventories spooks traders.

25 Sep 2019

IMO2020: More Suppliers Ready to Offer 0.50%S Bunkers

And more shipowners look to make early switch away from HSFO.

25 Sep 2019

CMA CGM Launches World's First LNG-powered Ultra Large Containership

The 23,000-TEU CMA CGM Jacques Saade is the first of nine LNG-powered mega-boxships.

25 Sep 2019

China-Bashing From Trump Causes Crude to Slump as Analysts Worry About Downturn

But the EIA thinks oil use will grow for the next 30 years.

24 Sep 2019

First Customer Signs Up for EU-Backed "Ventifoils" Wind Propulsion System

System to be installed on 3,600 DWT general cargo vessel MV Ankie.

24 Sep 2019

India Backtracks on Plans for Partial IMO2020 Enforcement

Has previously indicated domestic trade will be exempt from the new rules.

24 Sep 2019

Monjasa Adds Six New Trainees

As part of its Monjasa Oil & Shipping Trainees (MOST) programme.

24 Sep 2019

IMO2020: SEMCO Proposes Electronic Solution to New Tank Sounding Needs

There will be an increasing number of cases in which high transparency and low viscosity fuels are supplemented for today's HFO bunkers, says SEMCO.

24 Sep 2019

Scrubber Investors: Should I be Worried About HSFO Price and Availability?

An imbalance in supply and demand has caused price spikes in a number of markets, writes Paul Hardy.

24 Sep 2019

Oil Majors Invest in Wind Power for Ships

From investment fund OGCI Climate Investments.

23 Sep 2019

Aegean's Alleged $300m Fraud Detailed in New Lawsuit

Aegean's former president Nikolas Tavlarios, and former directors Peter Georgio­poulos, John Tavlarios, and George Konomos named as defendants.

23 Sep 2019

IMO2020: HSFO Price Pressure Could Prompt Early Switch to VLSFO

Evidence to suggest some shipowners are already making the move.

23 Sep 2019