World News

Navios' Frangou "Agnostic" on the "Religious Scrubber Question"

"Whatever our clients would like, we will do at their cost," she says.

8 Nov 2018

Aegean Bankruptcy Part of Mercuria's "Aggressive Loan-to-Own Strategy", Creditors Claim

Despite being championed as the bunker suppler's savior, Mercuria's relationship has been detrimental to Aegean and resulted in the Chapter 11 bankruptcy, they say.

7 Nov 2018

Oil Production Cuts Could Resume Next Year: OPEC

Meanwhile, Nigeria thinks Iran sanctions may not cause oil shortage.

7 Nov 2018

Trump Takes the Credit as Oil Slips to 8-Month Low

But one analyst predicts that OPEC will begin pulling back on production soon.

7 Nov 2018

Aegean Gives Details of Recent Struggles, Says it Has Been Operating at "Severely Limited Capacity" Since March

But a missed Nov 1 payment to bondholders finally forced the bunker supplier to file for Chapter 11.

7 Nov 2018

IMO2020: Credit Is the New Black but Comes at a Cost

When customers switch to VLSFO, existing credit lines will support 27% less fuel, writes Liberty Marine Fuels' Jesper Jervild.

7 Nov 2018

Crude Down Again, But Producers Insist Market is Stable

Abu Dhabi National Oil Co. is another firm that will ramp up production to deal with "unprecedented" demand growth.

6 Nov 2018

Venezuela Production in "Free Fall" as Citi Sees Supply Crunch Coming

Citi also sees $100 oil being a distinct possibility given the likelihood of outages in Nigeria and,Libya.

6 Nov 2018

Bondholders Are By Far Aegean's Largest Unsecured Creditors

Court documents show who's owed what.

6 Nov 2018

Aegean Files for Chapter 11

To implement a "restructuring transition" with Mercuria who will provide more than $532 million in postpetition financing.

6 Nov 2018

More Concern Over HSFO Quality than IMO 2020 Bunkers: Euronav

Post 2020 the resid bunker pool will shrink, become more sulphurous, and it will become the obvious place to tip any waste product, says CEO Paddy Rodgers.

5 Nov 2018

Crude Falls Again as Market Faces a "Tidal Wave" of Supply

Renewed worries of oversupply are supported by the notion of weakening global demand.

5 Nov 2018

Ports' Readiness for IMO 2020 gets Airing at IBIA Event

How ports are gearing up for the new bunker fuel sulfur limit to be a panel session in Copenhagen this week.

5 Nov 2018

DHT Expects Ample HSFO Supply After 2020

Buts is neither for nor against scrubbers.

5 Nov 2018

Tanker Owners Order Additional Scrubbers

Frontline considering orders for even more units, while DHT has no further plans to install scrubbers.

2 Nov 2018

Record US, Russian Output Plus Relaxation of Iran Sanctions Further Support Crude Market Surplus

Russia's output in the biggest in 30 years.

2 Nov 2018

Friday Caps Week & Month of Heavy Losses for Crude Prices

But Goldman Sachs insists there are several reasons to remain bullish.

2 Nov 2018

Aegean Fraud Now Believed to be $300 million, Involved Over a Dozen Employees, Started as Early as 2010

Fujairah Oil Terminal Facility at heart of misappropriation as bunker supplier announces results of its Audit Committee investigation.

2 Nov 2018

150+ Delegates Set to Gather in Copenhagen for Key Industry Event

The IBIA Annual Convention 2018 takes place on November 6th-8th, 2018, at the Scandic Kødbyen hotel in Copenhagen.

2 Nov 2018

IMO2020: BIMCO Clause Highlights Charterers' Obligations to Dispose of Noncompliant Bunker Fuel, Keep Every Stem Separate

Even if bunkers are of the same grade and specification.

1 Nov 2018