World News

Broker, Physical, or Trader - Who in the Bunker Industry Will Benefit the Most From 2020?

"Dealing with majors or global physical suppliers can have many benefits, but there are still some of them who need to prove they truly want to be direct with their clients," Hafnia Management's Peter Grunwaldt tells Ship & Bunker.

12 Jul 2017

Crude Climbs as EIA Cuts 2018 Oil Production Projection

Bunker prices were somewhat firmer in the primary ports.

11 Jul 2017

Danish EPA Begins ECA Compliance Checks Using New Aerial Sniffer Tech

"The technology will be deployed on a manned helicopter, but with the prospect of phasing in drones as a supplement in the future," the EPA says.

11 Jul 2017

ICS, Environmental NGOs Welcome IMO Progress Toward GHG Reductions

However, groups also stressed the need for rapid action on decisions made at MEPC 71.

11 Jul 2017

SEA\LNG Gains Yokohama-Kawasaki International Port Corporation as Newest Member

YKIP's addition to SEA\LNG is noted to take the cross-industry coalition's latest membership to 26.

11 Jul 2017

Drewry: OOIL Acquisition Marks Conclusion of Merger and Acquisition Wave

"The sale of OOIL/OOCL means there aren't many other takeover candidates left on the shelf," said Drewry.

11 Jul 2017

2016 Saw "Substantial Drop" in Banks' Lending to Shipping: Report

The report, released by Petrofin Research, suggests that lending to shipping companies dropped by $42.5 billion in 2016.

11 Jul 2017

Be Alerted !! A Review of Veritas Petroleum Services Bunker Alerts (H1-2017)

For vessels not testing their fuel they run the risk of one in every seven residual fuels giving a higher probability of problems and just over one in ten distillates doing likewise.

11 Jul 2017

IMO Moves to Delay BWM Convention Implementation for Existing Vessels

Honduras also became the latest country to accede to the treaty, bringing the number of states signed up the BWM Convention to 61.

10 Jul 2017

New Members Join LNG Bunkering Port Focus Group

The Port of Ningbo-Zhoushan, Port of Marseille Fos, and Port of Vancouver have joined the international LNG bunkering port focus group.

10 Jul 2017

Corvus Energy Orca ESS to Provide Battery Power to Farstad Shipping PSV

The Orca Energy ESS is set to be integrated by Vard Electro in the second half of 2017.

10 Jul 2017

Verifavia Marks Milestone in EU MRV Compliance Verification

Verifavia says it now has more than 1,000 ships and Monitoring Plans under assessment for compliance with the EU MRV regulation.

10 Jul 2017

COSCO Shipping Set to Acquire OOCL

"The transaction marks the latest consolidation in the global maritime industry," said COSCO Shipping Lines of the $6.3 billion deal.

10 Jul 2017

More Losses for Crude Come Amid Renewed Speculation that OPEC May Get Tough on Nigeria, Libya

The rumours are fueled by evidence that U.S. shale is nowhere near as perilously close to a downfall as some think.

7 Jul 2017

Environmental NGO Welcomes IMO Support for Action on HFO Use in the Arctic

Clean Arctic Alliance has welcomed support from member states at MEPC 71 for a proposal to identify ways to mitigate risks of HFO use in Arctic waters.

7 Jul 2017

IMO Announces New Addition to Low Carbon Shipping Alliance

The Grimaldi Group has become the fourteenth company to join the newly formed Global Industry Alliance.

7 Jul 2017

Bunker-Saving HullWiper Cleans First Cruise Vessel in Copenhagen

The operation saw the removal of marine fouling from the DFDS Group's 2,800 DWT Pearl Seaways, which serves routes between Copenhagen and Oslo.

7 Jul 2017

MEPC 71 Sees Presentation on Spain's International School of LNG

Salvamento Marítimo and Enagás also gave a presentation the Core LNGas hive project.

7 Jul 2017

Pacific Ministers Call on IMO Member States for "Radical" CO2 Cuts

Pacific nations are pushing for IMO to align the shipping's emissions with the Paris Agreement goal of limiting warming to 1.5C above pre industrial levels.

6 Jul 2017

Lower Rates and Higher Bunker Prices Impact Stolt Tankers' H1 Results

Stolt Tankers' operating profit for the period was $27.6 million, compared to $28.5 million during the same period of 2016.

6 Jul 2017