World News

IMO PPR Sub-Committee Charts Plan for Consistent Implementation of 0.50% Sulfur Cap
"Inconsistent and ineffective implementation would increase the uncertainty concerning actual market demand," says the committee.
25 Jan 2017
IBIA Announces Updated Bye-Laws
Key changes include the length of board member and board officer terms.
25 Jan 2017
Green Group Raises Concerns Over On-Board Shipping Emissions Levels
"So far we have only been able to document the air pollution of ships on land ," says NABU.
25 Jan 2017
Shaky Baltic Dry Index Dips Below 900 for the Second Time This Month
However, some industry analysts suggest that the latest drop in the dry bulk market may be the year's low point.
25 Jan 2017
Oil prices Continue to Trade in a Tight Range
Bunker prices were mostly stable in the primary ports.
24 Jan 2017
IMO Head Says Polar Code Key to Environmental Protection for Polar Shipping
Lim highlighted the new regulations for ships operating in polar waters, which were introduced on January 1.
24 Jan 2017
ETI Suggests 30% Bunker Consumption Reduction through Innovative Tech
ETI says the best potential to achieve substantial CO2 reductions in the shipping industry in the medium to long term is by reducing fuel consumption.
24 Jan 2017
MOL Launches Joint Study on LNG-Fuelled Bulker with Five Other Companies
Known as "Green Corridor," the joint project aims to reduce merchant vessels' NOX and SOX emissions in the face of tightening emission regs.
24 Jan 2017
Trump's America Energy First Plan Greeted Politely by OPEC, Russia
Trump is the latest in a long line of U.S. presidents vowing to promise energy independence.
24 Jan 2017
UBS, Other Experts Predict Prices in the High $60s in 2017
But the persistent threat of a recovered U.S. shale industry is stalling any real market gains.
24 Jan 2017
Shell Pens Sale Agreement with SADAF Joint Venture
Shell is set to sell its 50 percent stake in SADAF, its petrochemicals joint venture in Jubail, Saudi Arabia, to SABIC for $820 million.
24 Jan 2017
Maritime Lender HSH Nordbank Invites Bidders Under Public Sale Process
The bank states that indicative bids are due by the end of March, noting that, while the bank as a whole is up for sale, alternative proposals will be reviewed.
24 Jan 2017
Feature: The Current Business Models for Suppliers and Intermediaries Will Not Work Beyond 2020; What Can the Bunker Industry Learn from Aviation?
Feature: The Current Business Models for Suppliers and Intermediaries Will Not Work Beyond 2020; What Can the Bunker Industry Learn from Aviation?
The Aviation and Marine fueling businesses are fundamentally one and the same, writes Steve Leonard.
24 Jan 2017
Oil Benchmarks Slip 1%
Bunker prices were softer in the primary ports.
23 Jan 2017
OPEC, Non-OPEC Members Say Oil Output Cuts Are "Above Expectations"
Output has already been cut by 1.5 million bpd, the nations participating in the oil deal have said.
23 Jan 2017
Gard Issues Reminder of IMO Fuel Oil Sampling Guidelines
IMO's "Guidelines for Onboard Sampling for the Verification of the Sulphur Content of the Fuel Oil used on board ships," was published on December 9.
23 Jan 2017
Deltamarin and First Choice Carbon Partner to Offer Shipowners MRV Support Service
The companies will assist shipowners in ensuring compliance with the European Union's Monitoring, Reporting, and Verification regulation.
23 Jan 2017
Heavy Orderbook May Not Be as Bad for Tanker Market as Initial Appearances Suggest: Poten & Partners
In its latest Tanker Opinion, the consultancy suggests that actual deliveries will not be as high as scheduled deliveries.
23 Jan 2017
L'Orange Announces New Bunker-Saving Turbocharger Range
The new ZR range is said to feature high pressure ratios that enable the turbochargers to offer reduced fuel consumption.
20 Jan 2017
OOIL and Cosco Shipping Deny Talks Toward OOCL Acquisition
OOIL today released a statement that, along with OOCL, it "is not aware of, nor is it involved in any bid relating to the company or OOCL."
20 Jan 2017