World News

NYK Unveils New Plans for Zero-Emission PCTC
NYK Unveils New Plans for Zero-Emission PCTC
The design is an update of the previous Super Eco Ship 2030 envisaged in 2009.
15 Nov 2018
IMO 2020: Enough 0.5% Fuel Available at the Right Price
IMO 2020: Enough 0.5% Fuel Available at the Right Price
Investment bank report joins others in pointing to a higher price for IMO 2020 compliant bunker fuel.
15 Nov 2018
OPEC Oil Cuts Seen as Likely, but Russia Says No Action is Needed
OPEC Oil Cuts Seen as Likely, but Russia Says No Action is Needed
Meanwhile, OPEC's boss says current market volatility is due to anticipation of the cartel's impending summit.
14 Nov 2018
Argus Builds up 0.5% Sulfur Pricing Portfolio
Argus Builds up 0.5% Sulfur Pricing Portfolio
Pricing agency includes Europe and US in newly published price assessments
14 Nov 2018
Genoil Claims Success With low Sulfur 380 Product
Genoil Claims Success With low Sulfur 380 Product
Second run produced lower less sulfur than first, company says.
14 Nov 2018
Nigeria to Boost Oil Output as US Headed for Record December Production
Nigeria to Boost Oil Output as US Headed for Record December Production
But the IEA once again predicts the Americans' fortunes will wan in the 2020s.
13 Nov 2018
Cause of Recent Bad Bunker Problems Remains Unknown
Cause of Recent Bad Bunker Problems Remains Unknown
There are no consistent findings across the number of fuels tested that can be used to clearly distinguish problematic fuels from nonproblematic fuels, CIMAC says.
13 Nov 2018
BIMCO Moves Forward on IMO2020 Bunker Clauses
BIMCO Moves Forward on IMO2020 Bunker Clauses
States charterers must use suppliers and bunker barge operators who comply with MARPOL; pay for removal of non-compliant fuel.
13 Nov 2018
Bad Bunkers: Gone For Now, but Not Forgotten
Bad Bunkers: Gone For Now, but Not Forgotten
No new cases of the summer's related "bad bunker" incidents seen since August.
12 Nov 2018
Oil Cut Talk Not Enough to Stop Crude Price Slide
Oil Cut Talk Not Enough to Stop Crude Price Slide
Trump and Russia think the prospective cuts are a bad idea for the market.
12 Nov 2018
OPEC Makes Media Case for Lower Production, but Venezuela Intent on Upping Output Anyway
OPEC Makes Media Case for Lower Production, but Venezuela Intent on Upping Output Anyway
Meanwhile, Malaysia's president said it doesn't matter what OPEC does.
12 Nov 2018
Key LNG Bunker "Well-to-Wake" GHG Study Expected in H1 2019
Key LNG Bunker "Well-to-Wake" GHG Study Expected in H1 2019
As part of the ongoing debate over LNG's environmental credentials, particularly its GHG performance.
12 Nov 2018
Goldman Warns of an Oil Shortage in the 2020s as Crude Falls Again Due to Record Output
Goldman Warns of an Oil Shortage in the 2020s as Crude Falls Again Due to Record Output
More focus is now being placed on OPEC in the hopes it will reduce output to avoid a glut.
9 Nov 2018
IMO2020: New TORM JV "has Potential to Be a Large-scale International Scrubber Manufacturer"
IMO2020: New TORM JV "has Potential to Be a Large-scale International Scrubber Manufacturer"
Tanker owner goes big on scrubbing for 2020, eyes units for half its fleet.
9 Nov 2018
Mercuria Moves to Buy Aegean as Bunker Supplier's Operations Return to "Business as Usual"
Mercuria Moves to Buy Aegean as Bunker Supplier's Operations Return to "Business as Usual"
With the DIP approved in full, "vendor payments are processing today in normal course and the company is operating business as usual," a source tells Ship & Bunker.
9 Nov 2018
Project to Lower Cost, Weight of LNG Bunker Tanks Gets €1m Grant Funding
Project to Lower Cost, Weight of LNG Bunker Tanks Gets €1m Grant Funding
The companies want to make LNG bunkers feasible for a broader range of marine vessels.
9 Nov 2018
New Report Details Alleged Bunker Industry Role in "Car Wash" Corruption and Money Laundering Scandal
New Report Details Alleged Bunker Industry Role in "Car Wash" Corruption and Money Laundering Scandal
The players involved in Global Witness' report have denied any wrongdoing.
8 Nov 2018
Weekly Vessel Scrapping Report: 2018 Week 45
Weekly Vessel Scrapping Report: 2018 Week 45
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from November 1 – November 7, 2018.
8 Nov 2018
Box Carriers Face a "World of Hurt" Recovering IMO2020 Bunker Costs
Box Carriers Face a "World of Hurt" Recovering IMO2020 Bunker Costs
Many of the world's biggest box carriers are taking a predominantly fuel-based approach to IMO 2020 compliance.
8 Nov 2018
IMO2020: Ardmore Says Scrubbers "Not Particularly Compelling"
IMO2020: Ardmore Says Scrubbers "Not Particularly Compelling"
"Quite frankly, we would be buying ships rather than installing scrubbers," says CEO Anthony Gurnee.
8 Nov 2018