World News

MEPC 72: Shipping Industry Agrees to Cut GHGs At Least 50% by 2050

IMO Secretary-General Kitack Lim says the deal represents a "strong middle ground".

13 Apr 2018

Analysts Differ on Long Term Effect of Geopolitical Tension on Crude Prices, With Some Predicting $100/bbl

However, the IEA questions if elevated prices can be sustained.

13 Apr 2018

Oil Hits Another 3-Year High as Trump Announces Air Strikes Against Syria

Meanwhile, the IEA says "mission accomplished" for OPEC oil deal.

13 Apr 2018

Get Set for $7-$12/bbl Further Crude Gains Due to Trump: Analyst

Meanwhile, the potential impact on prices of an extended OPEC deal is relatively ignored.

12 Apr 2018

China Seen Taking Bunker Market Share from Neighbours as Part of Wider Post 2020 Market Shake-Up

Understanding what ships call at a particular port, and what they will buy, is key to understanding post 2020 bunker markets, says 20|20 Marine Energy's Adrian Tolson.

12 Apr 2018

MEPC 72: Only 2 Nations Stand in the Way of Deal to Slash Shipping GHGs At Least 50% by 2050

But if further compromises have to be made, Marshall Islands says it could still walk away "if it doesn't add up."

12 Apr 2018

Weekly Vessel Scrapping Report: 2018 Week 15

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 5 – April 11, 2018.

12 Apr 2018

IMO2020: Shipping's Bunker Fuel Bill to Rise by a Quarter

Analyst Wood Mackenzie runs the numbers.

12 Apr 2018

Platts: Single Standard for 0.5% Fuel Unlikely Before 2020

Fuel compatibility and stability are seen as a concern.

12 Apr 2018

Monjasa Hails Financial Turnaround Following "Robust Performance" for 2017

Bunker supplier shakes off last year's loss with a net profit of $7 million for 2017.

12 Apr 2018

The Future of Bunker Fuel: More Expensive, More Complicated, More Problems, More Options

"The time to decide is here, and there is no easy choice," says Michael T. McNamara, Managing Director, Americas, VPS.

12 Apr 2018

India and Iran Unite in Desire for Lower Crude Prices

Meanwhile, the Saudis send contradictory signals about where they want crude prices to be.

11 Apr 2018

Geopolitics Succeeds OPEC as Main Driver of Crude Prices as WTI Hits 3-Year High

Talk of Middle East conflicts even overshadows bearish EIA data.

11 Apr 2018

Spectre of Europe Taking Independent Action on Shipping GHG Regulations Moves Closer

MEP Jytte Guteland says such action will be taken if the strategy adopted at this week's MEPC72 is deemed "too lame."

11 Apr 2018

Saudi Ambition, Middle East Tensions Send Brent Prices to 2014 Highs

China bowing to U.S. pressure also supported crude prices on Tuesday.

10 Apr 2018

More Scrubber Retrofits for Carnival

Ventura, operated by the P&O Cruises brand, gets two Exhaust Gas Cleaning Systems.

10 Apr 2018

HMM to Use LNG Bunkers or Scrubbers for 20 Mega-Boxship Newbuilds

Ultimate decision to be made following discussions with the finally selected shipbuilder.

10 Apr 2018

6 Ways for Shippers to Reduce Bunker Costs

Slow steaming, use of an intermediary, and reducing the risk of claims should all be part of the equation, writes BunkerEx CEO Ishaan Hemnani.

10 Apr 2018

IMO2020: Uncertainty Over Regulatory Changes Holding Back Scrubber Investment

A wait and see attitude is the "rational" choice amid concern upcoming environmental legislation could limit or completely outlaw their use.

9 Apr 2018

Drewry IMO2020 Survey: Only 66% of Shipowners Believe 0.50% Sulfur Cap Will Be Enforced as Planned from 2020

Respondents also echoed the widely held belief that using low sulfur fuel would be the compliance method of choice for the majority of vessels.

9 Apr 2018