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AkzoNobel Marks 20,000th Application of Efficiency Boosting Intershield 300

Teekay Shipping's newbuild Torben Spirit received the application of the anticorrosive universal primer earlier this month.

ETI Seeking Partners to Develop Vessel Performance Tool

ETI says it is looking to develop a tool to provide accurate and transparent data on the performance of different types of vessels.

Prepare For Bunker Price Spike: Oil Jumps Over 7% After Sources Indicate OPEC Has Agreed to Cut Output

Full details of the deal are still emerging.

Mandatory Singapore MFMs Prompt "Many Enquiries" for the TR48 Accredited Technology at Other Ports

In the coming years, "the industry will see more independently accredited tankers in accordance to TR48:2015, in different ports around the world."

Carbon War Room Announces Launch of New Free Ship Operational Efficiency Portal

Carbon War Room, exactEarth, and UMAS have launched the free-to-access BetterFleet on ShippingEfficiency.org.

Vienna Deadlock Causes Crude To Drop 4%, Saudis Taking Increasingly Hard Line In Cutback Talks

The kingdom insists that all players participate in the cutback save for Nigeria and Libya.

IEA Highlights Refiner and Shipper Challenges Expected from 2020 Sulfur Cap

Bunker fuel refiners will have to increase supply of lower sulfur blendstocks and decide what to do with higher sulfur residual oil that can no longer be blended.

Maersk Line Mulls Hamburg Süd Acquisition: Sources

Such a move is expected to fortify Maersk Line's presence in Latin America in particular.

COSCO Europe Reaches "New Heights" of Fuel Efficiency with Bunker-Saving Hull Coating: Jotun

The 10,062 TEU container ship's bunker costs have been reduced by $4.5 million and its CO2 emissions by approximately 29,500 tonnes in four years.

ABS and Keppel Become Newest SEA\LNG Partners

The cross-industry coalition is intended to address market challenges to facilitate the global uptake of LNG as a marine fuel.

BRS: Scrubbers "Uneconomic" for Older Vessels

With future legislation expected to address NOx and PM, "there is little certainty that scrubbers can clean emissions to future compliance levels," says BRS.

Bunker-Saving Corvus ESS Featured on Scandlines' Newest Hybrid Ferry

Corvus says MV Copenhagen is the sixth Scandlines hybrid ferry to utilise a Corvus ESS.

Bunker Supply Chain Needs Significant Infrastructure Investment for 2020 Cap: BRS

As well as the construction of new bunker barges, BRS says the new cap could mean storage tanks being reconfigured to hold clean products instead of fuel oil.

Prepare for Soaring Prices For "Fuel of Choice" MGO in 2020: BRS

The new report by BRS' Tanker Department also concludes that consumers with the least ability to pay increased prices could be squeezed out of the market.

0.50% Global Sulfur Cap to Be Met With "Limited" Large Scale Non-Compliance: Report

The report by BRS' Tanker Department suggests that enforcement could be conducted at port though bunker note inspections.

ESL Shipping to Receive up to €5.9 Million in EU Funding for LNG-Powered Newbuilds

ESL has also signed €50 million in vessel financing agreements with OP Corporate Bank to support the company's newbuilding projects.

NORD/LB Expects More Than €1 Billion Loss Through Ship Finance

Further, risk provisioning is said to be above average in the fourth quarter, and is expected to come in "considerably above" €2 billion for the 2016 year.

Panamanian Ports Shutter Operations on Approach of Hurricane Otto

Balboa and Cristobal anchorages are noted to be experiencing delays.

0.5% Global Sulfur Cap Will Benefit Well Capitalised Bunker Suppliers: Aegean

The new cap "will have a positive impact on our business," says Aegean President E. Nikolas Tavlarios.

Shell Marine Updates Mobile App to Include Lube Reporting

The company notes its lube products are also available at new ports across Australia, China, Europe, Philippines, and Saudi Arabia.

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