World News

DNV GL Introduces Scrubber Notation

The class notation covers SOx scrubbers, as well as SCR and exhaust gas recirculation systems for removing NOx.

8 Jun 2018

CMA CGM Leaves Door Open for Singapore LNG Bunkering

But the plan is still to lift in Northern Europe.

8 Jun 2018

Japanese Carrier Announces Emergency Bunker Charge

ONE joins the "big three" in making the controversial move.

7 Jun 2018

Weekly Vessel Scrapping Report: 2018 Week 23

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from May 31 – June 6, 2018.

7 Jun 2018

LNG's Rise to be Dominant Bunker Fuel is Inevitable: GasLog

ABS says LNG bunkers "will probably be the most sustainable option going forward."

7 Jun 2018

DNV GL, PPG Aim to Push Hull Performance Beyond ISO 19030

Poor hull and propeller performance said to cost the industry $30 billion per year.

7 Jun 2018

Crude Down as Saudis Said to be Revisiting Oil Cut Policy

Analysts insist that prices are still heading higher.

6 Jun 2018

DVB Bank: Scrubber Equipped Vessels Have a Competitive Advantage

"I think the market will be surprised how many investments we will see in scrubbers," says DVB's head of Shipping & Offshore Research Department.

6 Jun 2018

Legal Storm Brews as Law Firms Eye Class Action Suit Against Aegean, Former Management

Aegean, along with former CEO E. Nikolas Tavlarios and former CFO Spyros Gianniotis, named as defendants in complaint filed in New York.

5 Jun 2018

Crude Falls as US Asks OPEC to Up Output

Meanwhile, Iraq expresses interest in opting out of the OPEC cutbacks altogether.

5 Jun 2018

Investors See Positives For Aegean Despite Further Obstacles Ahead

Others analysts see recent developments as a boost for World Fuel Services.

5 Jun 2018

DNV GL: Developing Zero-Carbon Fuels Likely Only Way Shipping can Meet IMO GHG Goal

Decarbonisation said to be one of two "mega-trends" impacting the maritime industry.

5 Jun 2018

Freight Forwarder Joins Call for More Transparent Bunker Surcharges

But iContainers says implementing an EBS is a "fair move" by the shipping lines.

5 Jun 2018

LNG Bunker Fuel a Matter of Time Says Greek shipowner

Gas demand strong, marine demand not included in earlier demand forecasts.

5 Jun 2018

IMO 2020 Will Naturally Result in Slower Steaming

Global fleet will slow down 30%, CEO predicts.

5 Jun 2018

Aegean to Write Off $200 Million in Accounts Receivable After Discovery of Suspect Transactions

Transactions connected to four counterparties may have been without economic substance, the bunker supplier says.

4 Jun 2018

Drewry: Shippers, Carriers Need New Bunker Pricing Model

But the consultancy notes there were no calls for transparency when fuel prices were low.

4 Jun 2018

IMO 2020: Industry Stakeholders Brainstorm Disruptive Tech to Decarbonize Shipping

IMO-supported GIA said it also considered short-term candidate measures for emission reduction efforts.

1 Jun 2018

Japanese Duo Target ULCC Market with "Active Funnel" SOx Abatement System

Future version to target VLCCs and VLOCs.

1 Jun 2018

Hempel Reinforces Bunker, CO2 Savings Potential of Marine Coatings

Company says its customers have collectively reduced their annual bunker bill by more than $400 million.

1 Jun 2018