World News

Royston Eyes Maximum Bunker Savings Through Optimum Voyage Speeds

Calculated speeds to achieve highest fuel savings are invariably different to crew perceptions, says Royston.

11 Jul 2018

Crude Prices Plummet as Saudi Output Escalates and Libya Resumes Production

Analysts are now scrambling to shift their concerns to the U.S.'s trade war with China.

11 Jul 2018

OPEC Defies Analytical Thought And Predicts Return of an Oil Surplus

The cartel also says it can keep markets stable should crude demand increase.

11 Jul 2018

Shift to Low Sulfur Fuels "Just Won't Happen" in 2020, says Additive Firm

FuelSave CEO says high sulfur fuels are the best solution until methanol and hydrogen-based alternatives have attained commercial viability.

11 Jul 2018

Tokyo Bay LNG Bunkering Moves Forward Despite Demand Uncertainty

Project awarded a subsidy by the Japanese government but "there is little forecast of local demand in sight," says YKIP.

11 Jul 2018

Corvus to Expand R&D at its Vancouver Base

There is an electric revolution going on in the maritime sector, says chief executive Geir Bjørkeli.

11 Jul 2018

US Considers Iranian Oil Waivers Amid More Finger Pointing On Who's Responsible for High Prices

Mounting evidence suggests that high price fears may be unjustified.

10 Jul 2018

Crude Gains, but Barclays Says Saudis Can Keep it Around $70/bbl

The bank says the market has underestimated the ability of other countries to make up for Iranian, Libyan shortfalls.

10 Jul 2018

TMS Group Inks 53 Vessel Scrubber Deal with Panasia

Deal reported to be worth KRW75 billion ($67 million).

10 Jul 2018

IMO Examines Role of JIT Ship Operation as Part of Emissions Reduction Strategy

When arriving at a destination port, ships can remain anchored for many hours or days until getting a berth, says IMO.

10 Jul 2018

ISO Standardisation Beckons for Methanol Marine Fuel

Dedicated ISO standard will help shipowners understand the fuel in a marine fuel context, says Methanol Institute executive

10 Jul 2018

No Role for Bunker Suppliers in Monitoring and Enforcing IMO 2020 Compliance: Bunker One

"We believe that the monitoring and enforcement of the IMO specification should be left to the resources or authorities identified within the flag states."

9 Jul 2018

Charterers Paying Premium for Scrubber Equipped Tonnage

Gibson sees new trends emerging.

9 Jul 2018

Crude Firms Amid Renewed Warnings of a Price "Super Spike"

Familiar short term concerns for traders remain disrupted production in Libya, Canada, and other regions.

9 Jul 2018

Another Owner Goes Big on Scrubbers

Plans to have systems installed on 54 vessels.

9 Jul 2018

INSIGHT: Is it Really Too Late to Order a Scrubber in Time for IMO 2020?

Spoiler alert: If your compliance plan involves a scrubber, act today.

9 Jul 2018

Crude Mixed as Asian Refiners React to Impending Trade War

Meanwhile, the minority analytical view sees plenty of opportunity in the turmoil.

6 Jul 2018

Iran Claims Trump's Demand for Lower Oil Prices has Caused a $10 Increase in Crude

Meanwhile, another analyst eschews popular thought and says prices may indeed drop later in 2018.

5 Jul 2018

Weekly Vessel Scrapping Report: 2018 Week 27

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from June 28 – July 4, 2018.

5 Jul 2018

Demand for Marine Battery Power set to Rise

Corvus responds with new factory located in Norway.

4 Jul 2018