World News

Another LNG-Powered Newbuild Ordered for AIDA Cruises

Costa Group now has a total of seven new ships on order by 2023, including three ships for AIDA Cruises and four for Costa Cruises.

27 Feb 2018

TOTE Completes First Phase of Vessel Conversion to LNG-Fuelled Propulsion

The company says LNG tanks and critical engine updates were completed during the initial phase of the planned four year process.

27 Feb 2018

IMO2020: Fuel Oil Price Crunch Could Come Sooner Than You Think, Says Analyst

Price readjustment will start happening in 2019, Rhidoy Rashid tells Ship & Bunker.

27 Feb 2018

Crude Hit 3-Week High, But Warnings Over Sub $50/bbl Persist

U.S. production is once again identified as the gadfly that will cause a glut and subsequent price drop.

26 Feb 2018

Distillates Will Not Dominate Post 2020 Bunker Market: ExxonMobil

"There's going to be a lot of blending, and there's still going to be a lot of residual fuel oil," says ExxonMobil's marine marketing manager, Iain White.

23 Feb 2018

IMO2020: Transition to 0.50% Sulfur Cap Starts Now, Ends on Jan 1, 2020

Saudi Arabia and Iran among those suggesting a transition period after Jan 1, 2020 be considered.

23 Feb 2018

IMO2020: Exxon, BP See Future for Low Sulfur Residual Fuel

0.5% fuel oil could account for over half of market over longer term.

23 Feb 2018

WFS Posts Annual Loss for 2017

With restructuring and impairment costs eating into company's bottom line.

23 Feb 2018

Storage Facing Big Questions Ahead of IMO2020: Vitol

Low sulfur products need to build ahead of 2020, while fuel oil stocks will also build due to a lack of demand, notes Vitol's Chris Bake.

22 Feb 2018

World Fuel Services Sold 26.5 Million MT of Bunkers in 2017

WFS says it has witnessed "growing weakness" in maritime markets over the last year.

22 Feb 2018

Weekly Vessel Scrapping Report: 2018 Week 8

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from February 15 – February 21, 2018.

22 Feb 2018

TMS Cardiff Gas Looks to Reduce Bunker Costs

Company to use Eniram analytics services on four TFDE LNG Carriers.

22 Feb 2018

Aegean's Mcilroy: HEC Acquisition Is Pathway Back to Profit

Diversification is right way to go in current tough bunker market.

22 Feb 2018

Hurtigruten Hybrid-Powered Newbuild Launched by Kleven

The newbuild is part of a two-vessel order placed in April 2016, which includes the option for two more ships.

21 Feb 2018

World's First LNG-Powered Bulk Carrier Delivered

The 50,000 dwt bulk carrier is under the dual-class of Lloyd's Register (LR) and Korean Register.

21 Feb 2018

Aegean Expects Q4 2017 Loss of $28.2 Million

"Our expected fourth quarter headline results do not tell the full story of the cost cutting and bold steps we have taken," says Aegean's President Jonathan McIlroy.

20 Feb 2018

Total Lubmarine Announces Latest Addition to EAL Range

The new grease product is known as BIO OG PLUS.

20 Feb 2018

Shell Inks Time-Charter Agreements for Two LNG-Powered Aframax Tankers from SCF Group

SCF Group says the agreements "mark a historic turning point that set new environmental standards for the global tanker industry."

20 Feb 2018

Goltens Partners with Yara for Scrubber Engineering and Installation

The two companies have partnered for the engineering and installation of Yara's SOx Scrubber System from 2018.

20 Feb 2018

EIB and ING Ink Agreement to Finance European Green Shipping

ING and EIB will each contribute €150 million ($184.97 million) to the facility.

20 Feb 2018