World News

Cargill: Role for Scrubbers to Meet IMO2020 Sulfur Cap

Commodity trader's head of shipping says units likely to be installed on portion of world's fleet.

20 Feb 2018

Intertek's Michael Green Named New Chairman of IBIA

He replaces outgoing Chairman Robin Meech of Marine Energy and Consulting Ltd.

19 Feb 2018

Crude Prices Rise to 2-Week High on Renewed Worry Over Geopolitical Risk

ClipperData says the worry is hardly confined to the Middle East.

19 Feb 2018

Lack of Global Regs, not Cost, Slowing Uptake of Green Ship Tech: Report

64% of participants in Clyde & Co survey think green technologies will not place an unacceptable cost burden on ship operators.

19 Feb 2018

Cockett Announces Raft of Additions to Global Commercial Teams

19 staff added in various locations including Singapore, Rotterdam, U.A.E., and the UK.

19 Feb 2018

NSI Launches Quarterly 2020 Market Overview Report

"Our aim is not to sit on the fence but to give our clear opinion on the major challenges the market faces," says NSI's Paul Hardy.

19 Feb 2018

Asia Oil Storage Levels Drop, But Crude Prices Rise On Strength of Weakening Greenback

Many analysts argue the weak U.S. dollar is still largely responsible for propping up oil prices.

16 Feb 2018

A Review of Veritas Petroleum Services Bunker Alerts-2017

Global Marine Fuel Quality, continues to be a concern for the world's fleet.

16 Feb 2018

Scrubber Installs Demand Unique Solutions, Says Foreship

"Fitting large equipment to existing vessels is always challenging," said Olli Somerkallio, Head of Machinery Department at Foreship.

16 Feb 2018

Weekly Vessel Scrapping Report: 2018 Week 7

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from February 8 – February 14, 2018.

15 Feb 2018

Crude Prices Jump 2%

Bunker prices were firmer in the primary ports.

14 Feb 2018

Maersk Confirms It Will Not Use Scrubbers for IMO2020 Compliance

We will instead opt for replacing the cheaper bunker oil with fuels with a lower sulphur content, the company says.

14 Feb 2018

IEA Says U.S. Growth May Spoil OPEC's Achievement of Market Rebalance - But Investors Wary of U.S. Sustainability

Meanwhile, Russia says it's protective of the market recovery - even though it can ramp up production after the OPEC cutbacks expire.

14 Feb 2018

Hydrex Warns on Pipe Work Corrosion from Scrubber Washwater

"Corroded scrubber pipework and discharge outlets is a serious problem, and we're seeing more and more of it," says Dave Bleyenberg, Hydrex Production Executive.

14 Feb 2018

Order Placed for 4 More Methanol Bunker-Powered Vessels

"Investing in the next generation of fuels is one way we'll continue to meet regulations while maintaining the efficiency of our operations," says Ryuichi Osonoe, Director and Managing Executive Officer, IINO.

14 Feb 2018

Maersk Says Human Error to Blame for 2 Instances of Noncompliance with ECA Sulfur Regs

Incidents happened onboard vessels calling at Long Beach and Antwerp.

14 Feb 2018

Greens Seek Progress from IMO on Heavy Fuel Oil Arctic Ban

Clean Arctic Alliance welcomes sulfur cap but wants to see heavy fuel oil pushed out of Arctic waters.

14 Feb 2018

Little Movement for Crude After Chaotic Trading Day

Bunker prices were mostly stable in the primary ports.

13 Feb 2018

AkzoNobel Developing Bunker-Saving UV-LED Fouling Prevention Tech [VIDEO]

The "revolutionary" solution utilises underlying technology developed by Royal Philips.

13 Feb 2018

Eight Evergreen Newbuilds to Feature Shore Power Tech

The box ships will be fitted with "various environmental protection devices."

13 Feb 2018