World News

Weekly Vessel Scrapping Report: 2018 Week 44

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from October 25 – October 31, 2018.

1 Nov 2018

New North-South Trade Corridor Under Consideration

India, Iran, Russia in talks over proposed route.

1 Nov 2018

Fraud Investigation at Aegean Focused on Shell Companies

FT report says forensic auditor team looking into fraudulent activity at company.

1 Nov 2018

Authorities Appear Ill-Equipped to Ensure Sulfur Regs Compliance: Euronav

And scrubbers make their job even harder.

31 Oct 2018

IMO 2020: Investing in Smart Storage

With more types of fuels, more suppliers, and differences in qualities of fuels, there will be a natural increase in the need of storage and the sizes of storage

31 Oct 2018

Refiners Indicating IMO 2020 Bunker Price Premium Will be Half Current Predictions: Euronav

News bolsters the case against using scrubbers for compliance, which were a mistake for IMO to allow in the first place, says CEO Paddy Rodgers.

30 Oct 2018

Shipping Groups Welcome Progress at MEPC 73

But green groups say not enough was done on GHG targets.

29 Oct 2018

More Crude Losses as Bulls Exit the Market

Increasingly, it's becoming evident that a well-supplied market will keep prices down.

29 Oct 2018

IMO 2020: Safe Bunkers Should Take Precedence Over Compliance, Says Greek Owners Group

Ships and their crews should not be burdened with unrealistic and disproportionate responsibility and liability, says UGS.

29 Oct 2018

Everything You Need to Know About MEPC 73

Lloyd's Register, IBIA detail key bunker-related issues addressed at the 73rd session of IMO's Marine Environment Protection Committee.

29 Oct 2018

IMO 2020 Will Benefit World Fuel Services: Kasbar

It's going to be definitely a different type of market, he says.

29 Oct 2018

Odfjell Considering LNG Bunkers

As part of upcoming newbuilding projects.

26 Oct 2018

LNG Bunkers No Better for Climate Than Conventional Marine Fuels, New Report Concludes

LNG bunkers emit between -12% and +9% GHGs vs MGO; decarbonising transport with renewable gas is a pipedream, says T&E's Jori Sihvonen.

26 Oct 2018

IMO 2020: Fuel Oil Carriage Ban Approved

The move is widely seen as critical to enabling the effective enforcement of the upcoming IMO 2020 global sulfur cap for marine fuel.

26 Oct 2018

Iraq Upping Oil Capacity Amid More Signs Iran Sanctions Are Working

China has ordered two state-owned giants to halt business with the Islamic republic.

26 Oct 2018

Crude Falls For 3rd Week, Citigroup Joins Those Seeing Higher Prices Ahead

Some analysts are frustrated that traders aren't focused on the impact of the upcoming Iranian sanctions.

26 Oct 2018

World Fuel Services: Marine Segment Hits Highest Level of Profitability in Nearly 3 Years

"I would say we've more optimism in marine today than we did six months ago," says Chairman and CEO Michael J. Kasbar.

26 Oct 2018

Duo to Form Pool for Scrubber-Equipped VLCCs

"We will be working with other scrubber fitted VLCC operators to expand this pool," says Guy Merison, managing director of Hartree Maritime Partners.

26 Oct 2018

Bernhard Schulte Takes Delivery of World's Largest Capacity LNG Bunkering Vessel

The 7,500 cbm capacity KAIROS.

26 Oct 2018

Baltic Exchange Partners with Infospectrum on Counterparty Intelligence

Move is part of its drive to add value to Baltic membership.

26 Oct 2018