World News

Shippers "Playing Chicken" over IMO2020 with 30% Noncompliance Expected: Wood Mackenzie

But BP believes noncompliance will be closer to 9%.

14 Mar 2018

IMO 2020 Rule: Shipowners' Perspective

An estimated 51,000 commercial ships were registered around the world in 2016.

14 Mar 2018

HSFO Carriage Ban a Boost for LNG Bunkers: SEA/LNG

A ban lessens the chances of being undercut by less scrupulous operators looking to burn non-compliant fuels, it says.

13 Mar 2018

Crude Down Due to Shale Surge, But Tillerson Exit Viewed as Good News For The Bulls

American output will hit a new record high in April of 6.95 million barrels per day.

13 Mar 2018

Intertek Acquires Malta-Based Bunker Surveyor

"The acquisition of AAS will expand our quality inspections footprint in the Mediterranean region," says André Lacroix, Chief Executive Officer of Intertek.

13 Mar 2018

Pro-LNG Group Throws Weight Behind IMO Non-Compliant Fuel Carriage Ban

"We urge formal approval of this proposal at MEPC 72 in April to ensure early adoption at MEPC 73 (in October)," says SEA\LNG chairman Peter Keller.

13 Mar 2018

IMO2020 Switchover Dates and the Effect on Demand, Storage and Liquidity

The market is poised as a perfect place for a large trading house to make money offering volume and liquidity in return for reductions in price from the supplier, writes NSI's Paul Hardy.

13 Mar 2018

ING Suggests Doomed OPEC Cutbacks Render Pointless Iran's Aim of Keeping Oil at $60/bbl

The bank believes the longer the deal goes on, the more members will pump all out to regain market share lost to the Americans.

12 Mar 2018

Bunker One Launches New Physical Supply Location

"Maritime activity in the Eastern Mediterranean has been characterized by continuous growth," the supplier says.

12 Mar 2018

Scrubbers to Continue Playing a "Minor Role" for Tanker Segment Through 2020

Fuel oil trade will be fundamentally affected as a result, says Gibsons.

12 Mar 2018

Aegean Shareholder Group to Challenge HEC Deal in US Courts

Temporary restraining order on acquistion issued at New York district court.

12 Mar 2018

Analysts Differ on U.S. Shale's Sustainability but Doubt OPEC's Prospects of Market Control

One expert thinks the cartel's "marriage" with Russia is doomed to fail.

9 Mar 2018

Industry Partners Look to Boost Adoption of Marine Battery Power

Batteries offer the industry the opportunity to improve fuel economy, reliability and operational costs, says DNV GL.

9 Mar 2018

German Ports Support Arctic Bunker Fuel Ban

Topc to be aired at MEPC meeting in April.

9 Mar 2018

Industry Insight: Head of Risk at Certas Energy Is Predicting a Year of Big Change for the Bunker Industry

Varun Chhabria looks at the impact of tough markets in 2017 and shares his thoughts on what lies ahead.

9 Mar 2018

Crude Soft on Rising US Crude Production

The dollar also gained strength putting pressure on oil.

8 Mar 2018

Weekly Vessel Scrapping Report: 2018 Week 10

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from March 1 – March 7, 2018.

8 Mar 2018

Monjasa Launches New Bunker Trader Training Programme

"We are now investing in more thorough educational and cultural ballast aimed at the Bunker Traders of tomorrow," says Group COO, Svend Mølholt.

8 Mar 2018

Crude Falls on Trade War Worry

Stockpiles also continued to rise for the second straight week.

7 Mar 2018

Market Remains Under Significant Pressure, Says Aegean, After Posting $28.6 million 2017 Q4 Loss

But adjusting for non-recurring items, net loss would have been $1.3 million, says Aegean President Jonathan McIlroy.

7 Mar 2018