World News

Weekly Vessel Scrapping Report: 2017 Week 47

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from November 30 – December 6, 2017.

7 Dec 2017

GTT Moves to Strengthen Position in LNG Bunker Market With 75% Stake in Ascenz

Under the transaction the two co-founders of Ascenz will retain 25 percent of the share capital.

7 Dec 2017

Keeping up with the Latest ISO 8217 Specifications

Over 99% of ISO 8217:2005 deliveries actually comply with ISO:8217 2010 standards, BunkerEx CEO Ishaan Hemnani writes for Ship & Bunker.

7 Dec 2017

Oil Prices Fall 2% as Inventories Disappoint

Bunker prices were softer in the primary ports.

6 Dec 2017

ICS Praises China's Support for Global Shipping Regs, Criticizes EU & US Pursuit of Regional Systems

Unlike some IMO Member States, China generally avoids the tendency towards adopting unilateral shipping regulations at variance to rules agreed internationally, says ICS Chairman Esben Poulsson.

6 Dec 2017

BMT Report Suggests Oceanfoil Wingsail Tech Could Offer 14% Bunker-Savings

BMT's study assessed a system of four Oceanfoil wingsails over the course of a year on a 50,000 DWT Panamax vessel.

6 Dec 2017

WWL Fleet Receives Class Approval for EU MRV Plans

The approval indicates that WWL's fleet will be compliant when the new regulation takes effect from January 1, 2018.

6 Dec 2017

MAN Marks 100,000 Operating Hours for Two Dual-Fuel Engines

Teekay Gas currently has a total of eight such engines aboard four of its vessels, which have have operated 80 percent of the time on LNG.

6 Dec 2017

ABB Launches Bunker-Saving Sequential Turbocharging System

ABB says the system offers significant long-term economic benefits for vessel operators and charterers with potential for fuel savings of up to three percent.

6 Dec 2017

AIP Granted for LNG-Powered Coal Carrier Design

The design was jointly developed by MOL, Tohoku Electric Power, Namura Shipbuilding

6 Dec 2017

FuelSafe Changeover Solution Launched by Auramarine

The solution is intended for accurate fuel temperature and viscosity control throughout the fuel changeover process.

6 Dec 2017

Wärtsilä and CSSC Electrical and Automation JV Opened in China

The opening of CWE&A was announced today at the Marintec 2017 conference and exhibition in Shanghai.

6 Dec 2017

Shipping Voices Join Call for Carriage Ban on Noncompliant Bunker Fuel

Compliance to be discussed at IMO in February.

6 Dec 2017

IBIA Steers Middle Path on 2020 Compliance Debate

There are legitimate concerns about compliance and effective enforcement but equally there are legitimate reasons to expect a high level of compliance: IBIA.

6 Dec 2017

The World is Changing. Where Does the Bunker Industry Stand?

"Will we remain a simple commercial part of this game or makers of new markets?" Mustafa Muhtaroglu, Founder, Energy Petrol writes for Ship & Bunker.

6 Dec 2017

Total: CMA CGM Supply Deal Equivalent to 75% of Today's LNG Bunker Demand

"Total is now a major player," says TMFGS Chief Executive Officer, Olivier Jouny, adding that LNG bunkers are now the company's "main focus."

5 Dec 2017

Confidence in OPEC Inspires Goldman 2018 Oil Price Forecast and Tuesday Crude Gains

Saudi Arabia also raised its January crude prices to Asia.

5 Dec 2017

Crew of Bunker Tanker Arrested Following Collision with Fishing Vessel

Seven passengers were rescued after the Seonchang-1 overturned during the incident, 13 have been confirmed dead, and two other individuals are missing.

5 Dec 2017

Wärtsilä and GTT Seal Agreement to Cooperate on LNG Fuel Tank and Supply Systems

The agreement was signed today at the Marintec conference and exhibition in Shanghai, China.

5 Dec 2017

GE and HZ Awarded ABS Approval in Principle for LNG Power Supply Vessel Design Using COGES

GE and DSIC have also completed a preliminary design for the conversion of a steam turbine powered LNG Carrier to a gas turbine-based propulsion system.

5 Dec 2017