World News

Gazpromneft Marine Bunker to Discuss Impact of 2020 Sulfur Cap on Russian Bunker Market

The forum, titled the "Current State and Prospects for Development of Russian Bunker Services Market," is set to be held in Saint-Petersburg on June 29-30.

10 May 2017

Drewry: Scrapping to "Heavily" Influence Tanker Market Recovery

While scrapping activity has not increased as of yet, Drewry says it predicts demolitions to gain momentum by the end of 2017.

10 May 2017

Bullish EIA Report Sends Crude Prices up 4%

Bunker prices were firmer in the primary ports.

10 May 2017

Weathernews and ClassNK Hold Joint EU MRV Seminar

More than 100 shipping personalities are said to have attended the companies' first joint seminar on EU's MRV regulation, which was held on 27 April.

10 May 2017

Kongsberg and YARA Partner on Zero-Emission, Fully Electric Autonomous Box Ship

The companies say the new zero-emission vessel will be a "game-changer" for global maritime transport and will support UN sustainability goals.

10 May 2017

Korean Register Receives EU MRV Accreditation from DAkkS

KR says it is now ready to provide the full range of statutory EU MRV services to shipping companies anywhere in the world.

10 May 2017

Port State Control "Vital Part" of Enforcement of IMO Regs on Shipping: Lim

The comments came in a speech at the third joint ministerial conference of the Paris and Tokyo MoUs on PSC in Vancouver, Canada from May 3-4 2017.

10 May 2017

Libyan Revival, Speculators Adding Downward Pressure to Oil Prices

Capping the bad news is that U.S. shale output is expected to reach record highs next year.

10 May 2017

Marine Lubricant Market Expected to Grow to $3.336 Billion by 2024: Report

According to the Transparency Market Research report, the market is expected to hold an annual growth rate of 4.17 percent between 2016 and 2024.

9 May 2017

Gener8 Maritime Credits Bunker-Saving ECO Vessels for Competitive Advantage in 2017's Q1

"We are pleased that our 'ECO' vessels continue to earn a demonstrable premium," said Peter Georgiopoulos, Chairman and CEO of Gener8 Maritime.

9 May 2017

DNV GL Adds Bunker-Saving Asymmetric Stern Design to Hull Optimisation Service

The offering is carried out by utilising high-fidelity computer fluid dynamics (CFD) and parametric formal optimisation.

9 May 2017

91,000 cbm Fuel Storage Terminal Opens at Myanmar's Thilawa Port

Said to be the first of its kind for the petroleum industry in Myanmar, the terminal offers storage for HFO, low-sulfur diesel, and other commercial fuels.

9 May 2017

ABB Shaft Generators to Boost Efficiency on Two DFDS RoRo Vessels

The ships will also receive two of ABB's high-performance A270-L turbochargers to further reduce bunker consumption and associated emissions.

9 May 2017

AkzoNobel Launches New App for Marine Coatings Users

The app is said to be intended to provide customers with increased flexibility in accessing the company's coatings data.

8 May 2017

Matson Dual-Fuel Box Ships Draw Closer to Completion

Designed specifically for Hawaii service, the vessels are said to be set to become the largest container ships ever built in the U.S.

8 May 2017

Aboa Mare's Simulation Tech Used to Assess Bunker-Saving Rotor Sail Solution

The simulator studies analyse how the Rotor Sail impacts vessel operation during challenging conditions in the Turku and Stockholm archipelago.

8 May 2017

DTU Researcher Develops New Software to Reduce Ship NOx Emissions

DTU Ph.D. student Kræn Vodder Nielsen is working to help finalise the software, which is expected to be used in marine engines by the end of the year.

8 May 2017

Denmark Stresses Importance Environmental Regs on Shipping Alongside New Ministerial Declaration

29 countries of the Paris MoU and the Tokyo Mou have signed a new Ministerial Declaration on port state control that covers sulfur regulation enforcement.

8 May 2017

Al-Falih "Confident" on Oil Deal Extension to End of 2017, "Possibly Beyond"

Iran and Brunei have also expressed their willingness to join an extension of the crude cutback initiative.

8 May 2017

Evergas, Clipper Group to Install Lubricant Blending-On-Board Systems to Help Support Changing Bunker Sulfur Levels

"This is a technology that is supporting ship operators with both changing engine operating conditions and fuel sulfur levels," says Head of Sales at MFT.

8 May 2017