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Weekly Vessel Scrapping Report: 2016 Week 19

Weekly Vessel Scrapping Report: 2016 Week 19

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from May 12 – May 18, 2016.

U.S. Senator Introduces New Oil Spill Bill

Lisa Murkowski wants the current cap of $1 billion in damages removed for foreign parties responsible for a spill that spreads into U.S. waters.

Trump Advisor Pushes Bill to Investigate OPEC Over Unfair Trade Practises

If passed, the bill would create a commission that would investigate the cartel as well as State-owned oil companies.

Kilduff Revises March Prediction of $25 Oil, Now Estimates Prices Could "Easily Correct" to $35

The analyst reiterates his position that a true market rebalance won't happen any time soon.

Tema Port Director Warns of Punishment for All Polluting Vessels Following Bunker Spill

Adorkor says that the punitive measures taken against the company align with international regulations.

China COSCO Has No Intention of Routing Ships Through Arctic Despite Government Encouragement

The company says routing its ships through the Arctic would present too much risk to their ships and customers' cargo.

Vietnam PM Gives Green Light to Ship Pollution Plan

The plan is aimed at controlling environmental impacts of shipping by boosting environmental inspection at the country's ports, among other activities.

Workshop on IMO Energy Efficiency Measures Held in Malaysia

The three-day MARPOL Annex VI and Technology Transfer workshop, took place in Johor, Malaysia from May 16 to 18.

Neo: Singapore Bunker Players Shouldn't Believe Those Predicting Market Disruption from MFMs

Neo: Singapore Bunker Players Shouldn't Believe Those Predicting Market Disruption from MFMs

From the few who do take their business away from Singapore, it is Sri Lanka and the West Coast of India who could benefit, Neo tells Ship & Bunker.

Crude Edges Down After a Choppy Day in the Market

Prices found pressure from a strong dollar while being supported from demand in refined products.

Delivery of Containerships' New LNG-Powered Box Ships Delayed Until 2018

Vessels were expected to have been delivered in the the first half of 2017.

Construction of Jacksonville LNG Bunkering Facility Underway

The LNG plant will be used to supply bunkers to Crowley's new Commitment Class ConRo ships, which are slated for delivery in 2017.

Petronas Turns to Jotun to Help "Substantially Cut Fuel Costs"

Improving hull coatings and performance is a fundamental part of the push for a more efficient and sustainable industry.

Low-Sulphur Non-Compliance Jumps from 1% to 5%, and 8.5% in North Sea

An "initial assessment" of port inspection figures for 2015 indicates that the average compliance rate was "about 95%."

Finnish Bunker Fuel-Saving Firm Opens UK Office

Eniram says London "is the primary hub for shipping-related services."

Cem Saral to Replace Karl Beeson as Group CEO of Cockett Marine Oil

Beeson to step down on September 1, 2016 after eight years in the role.

Worsening Canadian Wildfire Causes More Shutdowns and Price Hike

Deteriorating conditions in Canada help push up crude benchmarks, while Ship & Bunker's global average price indices for IFO380 all rose $2.50/mt Tuesday.

Forget Saudi Arabia and Iran: Nigerian Militants Biggest Upside Risk for Global Oil Prices, Says RBC Capital Markets

RBC Capital Markets warns that the Niger Delta Avengers are intent on and able to shut production.

Think Tank Raises Concerns Over Proposed LNG Bunkering Facility

The plant is largely being developed in order to supply LNG bunkers to Totem Ocean Trailer Express.

BIMCO: Bunker Contract Amendments Not a Foregone Conclusion Following Res Cogitans OW Bunker Test Case Outcome

"The "Res Cogitans" is based upon a specific set of circumstances which we need to consider carefully," BIMCO's Grant Hunter tells Ship & Bunker.

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