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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.

OceanConnect Marine Confirms Exit of Singapore Trio

Sources tell Ship & Bunker the 3 are heading to Aegean, while OCM MD SI Shim says it "will soon hire new trading personnel to grow our Singapore presence."

Suez Canal in Talks with Foreign Carriers for Prepaid Transit Fees for up to 5 Years

Maersk Line, CMA CGM, MSC, Hapag-Lloyd, COSCO, and Evergreen are said to be in the negotiations.

Cryoline: Innovation in the LNG 'Transfer Zone'

Cryoline: Innovation in the LNG 'Transfer Zone'

There is a quiet revolution in energy transportation, with ramifications for LNG transfer for power generation, or other uses, such as marine energy.

Arcadia Shipmanagement to Extend 12-Year Run of Whole Fleet Green Award Certification

Arcadia Shipmanagement is a unique certificate holder, says Green Award.

Crude Prices Continue to Slide

Bunker prices were softening in the primary ports.

Gazpromneft Delivers More Than 32,000 Tonnes of Bunkers to Royal Caribbean in St Petersburg

Bunkers provided to the cruise giant during the 2016 season is noted to have included 19,000 tonnes of fuel oil and more than 13,000 tonnes of distillate fuel.

Two More LNG-Powered Vessels to be Added to Gothia Tanker Alliance

Combined with a previous order, Gothia Tanker Alliance has now six "state of the art" modern tanker vessels on order.

Eco Marine Power Obtains Patent for Bunker-Saving Rigid Sail Device

EMP says the design will provide a source of clean power, enabling the reduction of CO2 emissions in the shipping sector.

Russia Pulls Back Bunkering Request for Warships at Ceuta

The request was withdrawn after NATO allies said the carrier battle group may be used against Syrian civilians.

Engie Exec: 0.5% Global Sulfur Cap to Drive Annual LNG Bunker Sales to 30 Million Tonnes

Denis Bonhomme, Engie's senior VP of business development in Asia says demand for LNG bunkers could reach 30 million tonnes per year by 2025-2030.

German Ship Owner and Operator Plead Guilty in U.S. to Crimes Related to Oily Waste Dumping

The two companies pleaded guilty to failing to accurately maintain an Oil Record Book in relation to the MS Nils B.

ING Lawyers: Decision Denying ING a Maritime Lien is Wrong

"The bank is now considering its options," lawyers acting on behalf of ING in the US have told Ship & Bunker.

Investors Bet On Oil Price Rally Regardless Of Vienna Outcome

They point to statistical balances that suggest conditions have vastly improved.

Another OPEC Member Announces Increased Production Plans For 2017

Indonesia is raising oil and gas production by 42 and 17 percent respectively.

Bulk Carrier Arrested in Singapore

The 2006-built Vantage Crest was arrested late Monday.

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