World News

Crude Prices Jump Over 4% After Non-OPEC Members Agree to Cut Oil Production

Bunker buyers should expect firming fuel prices after eleven non-OPEC producers pledge to make production cuts totalling 558,000 bpd.

12 Dec 2016

No Rush to Install Scrubbers, Says Oak Maritime Director

Jack Hsu of Oak Maritime - Hong Kong, says install costs as well as debate over what to do with scrubber residues are among shipowner considerations.

12 Dec 2016

Ship Owners: Worst is Over for Dry Bulk

The Baltic Dry Index, which has been on a steady decline for the past week, fell 32 points on Friday to close out the week at 1090.

12 Dec 2016

Vroon Tanker Receives Scrubber Retrofit

Vroon says the scrubber installation will allow the vessel to permanently operate within ECAs while burning residual fuels.

12 Dec 2016

Seaspan Ferries Takes Delivery of Hybrid, Dual-Fuel Vessel

The new "state-of-the-art" vessel, which can run on diesel, LNG, and battery power, was bunkered with LNG for the first time earlier this week.

9 Dec 2016

Hempaguard Helps Neptune Lines to Bunker Savings and Emissions Reductions

Neptune Lines applied Hempaguard X7 hull coating to its PCTC Neptune Dynamis in 2012.

9 Dec 2016

NTU Singapore Launch New Lab to Support Bunker Efficiency Research

The lab will also be used to help shipping companies better prepare for tighter emissions regulations to be implemented in 2020.

9 Dec 2016

Oil Up After Non-OPEC Production Cut Meeting Confirmed

Bunkers prices ended firmer on the day.

8 Dec 2016

Weekly Vessel Scrapping Report: 2016 Week 48

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from December 1 – December 7, 2016.

8 Dec 2016

Will a Weakened EPA Impact 2020 Compliance Decision Making?

"An EPA under Pruitt might easily see global regulations, mandated by a UN organization, IMO, as an overreach."

8 Dec 2016

GAC Highlights Bunker Savings from GAC-SMHI Weather Solutions

SMHI's ensemble forecasts are noted to provide as many as 50 estimates on the impact weather could have on both speed and fuel consumption.

8 Dec 2016

Alphaliner: Idle Box Ship Capacity "Stubbornly High"

Data from Alphaliner shows there was 1.504 million TEU of idle capacity within the above 500 TEU container ship fleet as of November 28.

8 Dec 2016

Hapag-Lloyd Names First of Five Newbuilds Expected to Mark "Highest Environmental Standards"

Hapag-Lloyd held a naming ceremony in Hamburg for Valparaíso Express, the first of five fuel-efficient vessels in the company's new 10,500 TEU class.

8 Dec 2016

Oil Dips Again on OPEC Deal Doubts

Bunker prices were softer in the primary ports.

7 Dec 2016

Study for T&E Finds Shipping Emission Growth Could Counter European Reduction Efforts

The new study by CE Delft suggests 43 percent fuel savings achieved by land transport will be undone by ships and planes.

7 Dec 2016

ABB's Zero-Emission Ferry Project "Gathering Pace"

Öresund Dry Docks has been selected to construct a shore side charging arm to provide power the two HH Ferries' vessels after their conversion.

7 Dec 2016

DNV GL to Host EU MRV Guidance Webinars

The webinar will cover required data systems, monitoring plan development, and emission report verification.

7 Dec 2016

New Study Suggests 2020 Global Sulfur Cap Could Increase CO2 Emissions Attributable to Shipping

"This report brings a whole new way of looking at how we calculate the emissions from shipping," the paper's author Gustav Krantz tells Ship & Bunker.

7 Dec 2016

Bomin Says New Office Closures Support Regional Hub Structure, Positioning for 2020

Bomin is closing its offices in Rio de Janeiro, Tallinn, and Madrid, as well as its physical supply operations in Estonia and Spain.

6 Dec 2016

Shipowners Should Not Underestimate 2020 Low Sulfur Bunker Costs, Warns Nick Confuorto of CR Ocean Engineering

"Even a few remaining years for a vessel can make sense and produce overall savings." Confuorto tells Ship & Bunker.

6 Dec 2016