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GCC Bunkers Takes on New Digital Operations Management Platform
GCC Bunkers Takes on New Digital Operations Management Platform
The company has selected the ION Aspect CTRM platform provided by ION Commodities to manage its physical oil and fuel business.
23 Oct 2020
Duel-Fuel Gas Carrier Upgrades Too Expensive for Dorian LPG
Duel-Fuel Gas Carrier Upgrades Too Expensive for Dorian LPG
The cost of duel-fuel LPG retrofits for VLGCs would be more than three times that of scrubber retrofits.
23 Oct 2020
Singapore's MPA Signs Research and Development Deal With ABS
Singapore's MPA Signs Research and Development Deal With ABS
The two bodies will work together on projects on decarbonisation, AI, predictive maintenance, cybersecurity and other areas.
23 Oct 2020
Oil Rebounds On Hope Of Stimulus Package
Oil Rebounds On Hope Of Stimulus Package
Longer term, Goldman Sachs sees average Brent prices rising to $59.40 next year from $43.90 this year.
22 Oct 2020
Hydrogen Ship Project Wins €8 Million of EU Funding
Hydrogen Ship Project Wins €8 Million of EU Funding
Wilhemsen will operate the ship, which is planned to be operational by 2024.
22 Oct 2020
Weekly Vessel Scrapping Report: 2020 Week 42
Weekly Vessel Scrapping Report: 2020 Week 42
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from October 15 – October 21, 2020.
22 Oct 2020
UBS Loses $60 Million in Commodity Trade Finance Fraud Case
UBS Loses $60 Million in Commodity Trade Finance Fraud Case
The counterparty behind the fraud has not been publicly named.
22 Oct 2020
Fujairah Fuel Oil Stocks Gain Most in Six Months
Fujairah Fuel Oil Stocks Gain Most in Six Months
Heavy distillate and residue stocks at the port surged by 16% to 10.361 million barrels in the week to Monday.
22 Oct 2020
Rotterdam Bunker Licensing Scheme to Launch in February
Rotterdam Bunker Licensing Scheme to Launch in February
The system sets standards for suppliers on sampling and quality management, among other areas, and does not make the use of mass flow meters mandatory.
22 Oct 2020
Long Beach Container Throughput Hits Record High
Long Beach Container Throughput Hits Record High
Container throughput climbed to 795,580 twenty-foot equivalent units (TEU) in September, up by 12.5% on the year and the highest month on record.
22 Oct 2020
Inventory Rise Spooks Traders, Causes 4% Drop In Oil Prices
Inventory Rise Spooks Traders, Causes 4% Drop In Oil Prices
Further mergers reported among U.S. shale players.
21 Oct 2020
Lim Family Wants Ocean Tankers Liquidated
Lim Family Wants Ocean Tankers Liquidated
Judicial managers want to return the firm's chartered fleet.
21 Oct 2020
New Methanol Bunker Project Launched in Ghent
New Methanol Bunker Project Launched in Ghent
By ten private- and public-sector partners.
21 Oct 2020
Harvey Gulf Orders More Battery Power Systems for PSVs
Harvey Gulf Orders More Battery Power Systems for PSVs
A further four vessels to receive the upgrades.
21 Oct 2020
Ships Should Bunker VLSFO More Frequently Because of Shelf Life: KPI OceanConnect
Ships Should Bunker VLSFO More Frequently Because of Shelf Life: KPI OceanConnect
The shorter shelf life of some VLSFO blends may be causing stability problems for shipowners.
21 Oct 2020
Fujairah Authorities May Start Publishing Bunker Demand Data
Fujairah Authorities May Start Publishing Bunker Demand Data
The port is considering publishing the data in addition to its weekly oil product inventories numbers.
21 Oct 2020
US Blacklists 6 Chinese Shipping Companies
US Blacklists 6 Chinese Shipping Companies
For dealings with Islamic Republic of Iran Shipping Lines (IRISL).
21 Oct 2020
First Ship-to-Ship LNG Bunkering in Japan
First Ship-to-Ship LNG Bunkering in Japan
The Sakura Leader is the first LNG-fuelled large ship to be built in Japan, and is scheduled for delivery in late October.
21 Oct 2020
Danish Consortium Forms to Develop Two-Stroke Ammonia-Fuelled Engine
Danish Consortium Forms to Develop Two-Stroke Ammonia-Fuelled Engine
MAN Energy Solutions will lead the consortium.
21 Oct 2020
Zhoushan Bunker Demand Gained 17.7% in Year to October
Zhoushan Bunker Demand Gained 17.7% in Year to October
Total bonded supply in January to September jumped to 3.259 million mt.
21 Oct 2020
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