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BP Marine: Economic Growth Could Push Up Bunker Demand by 25% in 2017

Carlos G Torres of BP Marine Fuels says that, if economic growth improves, global bunker demand could grow by as much as 25 percent.

Robust Implementation is Key to Success of 2020 0.5% Global Sulfur Cap: Trident Alliance

Effective enforcement of the new global cap promises to be even more challenging than enforcing ECAs, the group says.

CO2 Reduction Efforts Key to Adoption of LNG Bunkering: Bernhard Schulte

The company say shipping will be forced to make changes when the EU's MRV system for ships' CO2 emissions is implemented in 2018.

Waterfront Shipping to Take Delivery of Methanol-Powered Carrier in November

Canada-based Methanex says the carrier is the the final in a series of dual-powered vessels to its subsidiary Waterfront Shipping.

Wärtsilä: Singapore Approval "Opens up the Whole of Asia for Wärtsilä's EGC"

The exhaust gas cleaning (EGC) systems are said to be the first to be approved by an Asian flag authority.

K Line Receives "A" Rank from CDP for Emission Reduction Efforts

Of more that than 5,500 companies covered in the survey, K Line says it was the only Japanese shipping company selected for CDP's "Climate A list."

IMO Takes "Massive Step" Toward Phase Out of HFO Use in the Arctic: NGOs

"IMO member countries must now capitalise on this momentum, by bringing forward concrete proposals," says Dr. Sian Prior, Clean Arctic Alliance advisor.

BIMCO Says It Respects IMO Decision on 0.5% Sulfur Cap's 2020 Implementation Date

BIMCO Friday said it respects the MEPC 70 decision, but noted concerns about fuel availability, as raised by a number of IMO member states.

2020 Sulfur Cap "a Real Opportunity" for Emulsion Bunker Fuel Firm Quadrise

Quadrise says the resulting increased demand for distillates from 2020 will lower the cost of MSAR fuel.

Dip in Q3 Bunker Volumes, Marine Profits for World Fuel Services

"Growing concerns in the marine sector has tightened our credit appetite, negatively impacting volumes and profitability," the company said.

World Fuel Services: Hanjin Exposure is $18 Million and We Expect to Recover Substantially all of that Amount

"But it will be a time consuming process," warns CFO Ira M. Birns.

World Fuel Services Expands Credit Facility to $2.1 Billion

"The transaction was substantially oversubscribed and ahead of initial expectations," says WFS CFO Ira M. Birns.

Grimaldi Group Awarded Shipping Industry's Largest Ever Carbon Credit Issuance, Says AkzoNobel

Grimaldi has been presented with a total of 109,617 carbon credits after 14 of its vessels were verified through AkzoNobel's carbon credits programme.

Oil Prices Move Higher as Saudi Arabia Quells OPEC Fears

Bunker prices were firm in the primary ports.

2020 Sulfur Cap Decision: This is a Good Day for People all Around the World, says Yara

Yves Bonte, Head of Industrial business at scrubber producer Yara has welcomed the IMO decision to implement a 0.5% global sulfur cap in 2020.

MEPC 70: IBIA Reiterates Need for Phased Implementation of 0.5% Global Sulfur Cap

IBIA says several countries expressed a desire for a phased introduction of the new rule.

Weekly Vessel Scrapping Report: 2016 Week 42

Weekly Vessel Scrapping Report: 2016 Week 42

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from October 20 – October 26, 2016.

NGOs Welcome IMO Decision on 2020 0.5% Global Sulfur Cap for Shipping Industry

Transport & Environment and Seas At Risk say they applaud the decision reached at MEPC 70.

Cross-Industry Coalition SEA\LNG Forms Board of Directors

SEA\LNG says the board will represent the coalition's membership in making key decisions and promoting SEA\LNG initiatives.

UPDATE: IMO: 0.5% Global Sulfur Cap to Take Effect from 2020

MEPC 70 today agreed that a 0.5 percent global sulfur cap on marine fuel will be implemented from 2020, rather than a later 2025 date.

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