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Tanker Market: Interesting Week For VLCCs

13/01/2020

VLCC
Escalating tensions between the USA and Iran, in addition to a continuing strong market, made for an interesting week, with rates firming 2.5-3 points across the board. 270,000mt Middle East Gulf to China is now WS125, and 280,000mt to

IMO 2020: New Shipping Fuel Requirements Enter Into Force

13/01/2020

Ship owners face increased compliance costs with lowering of sulphur oxide limit for shipping fuels.

January 1, 2020 marked the implementation of the new sulphur oxide limit for shipping fuel imposed by the International Maritime Organisation under the MARPOL Convention, often

India’s oil demand growth set to overtake China by mid-2020s

11/01/2020

With a population of 1.4 billion and one of the world’s fastest-growing major economies, India will be vital for the future of the global energy markets. The Government of India has made impressive progress in recent years in increasing citizens’

North Sea to remain global hotspot in 2020

11/01/2020

It will be a noteworthy year for the North Sea – companies will increase production for the first time since 2017 and the outlook for both exploration and investment is looking healthy.

The region will remain a global hotspot for deals

Lubrizol whitepaper identifies VLSFO engine condition challenges

10/01/2020

Legacy cylinder oils may not protect ship engines from the variable fuel characteristics of very low sulfur fuel oil (VLSFO), global additive supplier The Lubrizol Corp has advised. In a new whitepaper, Lubrizol outlines the research that underpins its advice

Global Oil And Gas Discoveries Reach Four-Year High In 2019, Boosted By Exxonmobil’s Guyana Success

10/01/2020

The world's oil and gas explorers powered ahead and discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015, according to estimates from Rystad Energy. Last year recorded 26 discoveries of more than 100 million

US EPA amends rule to allow sale of 0.5% sulphur marine fuel

09/01/2020

On 18 December 2019, the US Environmental Protection Agency (EPA) amended its diesel fuel regulations to allow fuel suppliers to distribute distillate diesel fuel that complies with the sulphur standard that applies internationally for ships instead of the fuel standards

CMA CGM and the Port of Dunkirk inaugurate a “cold ironing” system allowing ships to plug into onshore electricity

09/01/2020

During a ceremony held today at the Port of Dunkirk, the APL SINGAPURA, a container ship belonging to CMA CGM, inaugurated the cold ironing facilities at the Port of Dunkirk's Terminal des Flandres. Notable participants included Eric Etienne, Dunkirk’s deputy

Blending of fuel on ship for achieving compliance with IMO 2020 regulation

08/01/2020

With the IMO 2020 sulphur cap now in force as of 1 January 2020, the shipping industry faces a new set of issues.

The carriage ban of non-compliant fuel oil is on the horizon; from 1 March 2020, ships not fitted

Crude oil prices were generally lower in 2019 than in 2018

08/01/2020

The price of Brent crude oil, the international benchmark, averaged $64 per barrel (b) in 2019, $7/b lower than its 2018 average. The price of West Texas Intermediate (WTI) crude oil, the U.S. benchmark, averaged $57/b in 2019, $7/b lower

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