All News

BMS United Sees 62% Jump in Annual Earnings

BMS posted earnings before tax of $24.3 million in the year to April 30.

15 Jun 2020

Increased COVID Rates Caused Mixed Crude Prices But Analysts Put Faith In Continued Demand

Barclays puts Brent at $41 per barrel for this year.

12 Jun 2020

VLSFO Now Available in Pakistan

The max 0.50% sulfur fuel is a straight run product with a viscosity range between 40 and 180 cSt.

12 Jun 2020

New Study Shows New Zero-Emission Ships Alone May Not Be Enough For Shipping's Climate Targets

New research warns failure to act now on addressing the existing fleet's carbon emissions may lead to enforced scrappage later.

12 Jun 2020

Total Sees LNG as 'Clear Leader' Among Current Alternative Bunker Fuels

"That LNG is the most appealing solution for today is not at odds with investing in developing longer-term solutions for the industry."

12 Jun 2020

Vopak, ITOCHU to Research Ammonia as Bunkers in Singapore

The companies will seek to promote both the supply of the fuel and the development of zero-emission ships capable of burning it.

12 Jun 2020

Dry Bulk Carrier Tests 100% Liquefied Biogas in Baltic

The dry bulk carrier M/S Vikki was bunkered with LBG supplied by Gasum at Raahe, Finland, where it is transporting iron ore for Swedish steel company SSAB.

12 Jun 2020

Brokerage NSI Warns Shipwoners to Prepare for Lower Korean Sulfur Limit

The rule will just apply at berth and anchorage from September, but is due to be extended to cover all of South Korea's waters from January 1, 2022.

12 Jun 2020

Coronavirus Fears Cause Oil To Shed Gains, But More Lockdowns Seems Unlikely - At Least In The U.S.

Still, analysts worry that demand may plunge again.

11 Jun 2020

Weekly Vessel Scrapping Report: 2020 Week 23

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from June 4 – June 10, 2020.

11 Jun 2020

INTERVIEW: GP Global Sees Bunker Demand Rally From Third Quarter

The company plans to continue applying for a physical supply licence in Singapore after its application earlier this year was not approved.

11 Jun 2020

IMO Brings Forward Publication of Fourth GHG Study

The IMO's fourth GHG study is 'near completion'.

11 Jun 2020

AlfaLaval Announces Scrubber Design for Smaller Vessels With Reduced Installation Time

The model is designed to handle engine power up to 10 MW and up to 75 tonnes of exhaust gas per hour, making it suitable for vessels around the 40,000-65,000 DWT range.

11 Jun 2020

Hamburg Port Authority Sees LNG Bunkering as 'Increasingly Important' for Cruise Industry

The port authority's CEO met the managing director of German LNG Terminal GmbH this week to discuss the increasing use of natural gas.

11 Jun 2020

Engen Adds Bunker Barge for Namibian Market

The new acqusition will be used in the Namibian bunker market to deliver marine gasoil.

11 Jun 2020

Oil Prices Climb Again Despite Saudi Arabia-Induced Crude Build

Analysts think the recovery will continue - as long a second wave of the coronavirus doesn't occur.

10 Jun 2020

VLCC Tanker Speeds Hit Three-Year High Since COVID-19 Oil Shock

Tankers have been one of the few high-performing segments of the shipping industry since the outbreak of COVID-19.

10 Jun 2020

Fujairah Fuel Oil Stocks Climb to Record High

Heavy distillate and residue stocks climbed to 17.168 million barrels by Monday, from 16.1 million barrels a week earlier.

10 Jun 2020

Stena Bulk Announces New Low-Emission Tanker Design

Stena's IMOFlexMax design incorporates duel-fuel engines that can run on LNG as well as conventional bunker fuels.

10 Jun 2020

South Korea to Build LNG Bunker Barge

The government plans to provide 15 billion won ($12.6 million) to cover about 30% of the cost of building the ship.

10 Jun 2020