All News

Oil Prices Up Marginally, But Trafigura Worries That Global Demand Will Fall By 10 Million BPD

On the other hand, CNBC thinks less demand will reduce the surplus problem.

13 Mar 2020

OOCL Doesn't Rule Out Fitting Scrubbers to Giant New Boxships

The company expects to run its five new 23,000 TEU ships on VLSFO, but may consider fitting scrubbers to them.

13 Mar 2020

Singapore February Bunker Sales Gain 2.63% on Year Despite COVID-19 Outbreak

Total sales advanced by 2.63% on the year to 3.879 million mt last month.

13 Mar 2020

Chinese Refinery Sends First VLSFO Batch to Zhoushan

Jinxi sent a 3,000 mt VLSFO cargo from its plant in the north-east of the country to the growing bunker port of Zhoushan on March 6.

13 Mar 2020

Poseidon Principles Lender Group Signs Up First Asian Bank

A total of 18 financial institutions have now joined the organisation, covering more than a third of the global shipping finance portfolio.

13 Mar 2020

Russia's Sovcomflot Took Delivery of Three LNG-Fuelled Tankers in 2019

The company took delivery of the Aframax crude tankers the Korolev Prospect, the Vernadsky Prospect and the Mikhail Lazarev last year.

13 Mar 2020

Coronavirus Hysteria Causes More Massive Losses For Crude - And More To Come, Say Analysts

Meanwhile, U.S. producers take the hit for the Saudi/Russia price war.

12 Mar 2020

Weekly Vessel Scrapping Report: 2020 Week 10

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from March 5 – March 11, 2020.

12 Mar 2020

Corvus Energy to Supply Battery System for Coastal Cargo Carrier

Corvus will supply a 1,500 kWh battery pack that will reduce the vessel's fuel consumption by about 20%.

12 Mar 2020

IMO MEPC Meeting Called Off as London Headquarters Close

The organisation has now postponed the upcoming meeting of its Marine Environment Protection Committee (MEPC), previously scheduled for the week starting 30 March.

12 Mar 2020

EU Transport Ministers Call For Emissions Trading Scheme to Cover Ships From All Countries

EU transport ministers held an informal meeting in Croatia Wednesday and adopted a declaration on guidelines for the development of EU maritime policy.

12 Mar 2020

Russia Approves Plans for New Murmansk Bunker Terminal

The terminal is expected to handle 441,000 mt of fuel per year, serving 744 ships annually.

12 Mar 2020

Hong Kong's OOCL Orders Five New Giant Boxships

The vessels will have a cargo capacity of 23,000 TEU, bigger than any boxships on the water today.

12 Mar 2020

Saudi Output Uptick Causes More Crude Losses, But Analyst Sees Chance For Industry To Restructure

Meanwhile, the IEA downgrades its demand forecast.

11 Mar 2020

FEATURE: Remote Island FONAR Shows Environmental Dilemma for Scrubber Bans

Vessel forced to burn HSFO with its scrubber shut off to comply with local regulations.

11 Mar 2020

Bunker Supply Continues at Italian Ports Despite Quarantine: Shipowner

Italy extended emergency virus containment measures to the entire country this week, with Prime Minister Giuseppe Conti ordering people to stay at home and seek permission for essential travel, but the country's ports have continued to operate.

11 Mar 2020

MAN to Provide Engines for New Tallink Grupp LNG-Fuelled Ferry

Tallink Grupp's new ferry the MyStar will have duel-fuel main engines supplied by MAN, with LNG as the primary fuel.

11 Mar 2020

Tanker Oprator TORM Plans 17 More Scrubber Installations This Year

As of March 11 the company has 30 vessels operating with scrubbers.

11 Mar 2020

COVID-19 Outbreak Cuts February Long Beach Container Throughput by 9.8%

The port authority expects a sharp rally in thoughput once the virus is contained.

11 Mar 2020

Consultant Sees Low Bunker Price Prompting Boxships to Dodge Suez and Panama

In late 2015 and early 2016 as many as 100 ships took advantage of low bunker prices to avoid the canals.

11 Mar 2020