The fuel surcharges some container shipping companies are intending to pass on to customers as they look to meet the 2020 sulphur cap could be reduced for the mutual benefit of shipowners and operators, as well as their customers, given
Leading classification society ClassNK has analyzed the retrofitting status of ballast water management systems (BWMS) on its registered ships and confirmed that installation deadlines based on the Ballast Water Management Convention (BWM Convention) for many of them are highly concentrated
Trade will continue to expand but at a more moderate pace than previously forecast. The WTO anticipates growth in merchandise trade volume of 3.9% in 2018, with trade expansion slowing further to 3.7% in 2019. The new forecast for 2018
The BoD of PPA S.A. approved the financial statements for the first semester of 2018, according to which the basic figures are the following:
The turnover amounted to € 63.5 million, which compared to the same period of 2017 (€ 52.0
ExxonMobil said that a new unit at its integrated Beaumont, Texas facility has started operations, increasing production of ultra-low sulfur fuels by about 45,000 barrels per day. The new unit relies on a proprietary catalyst system developed by ExxonMobil to
The Bomin Group, a supplier of marine fuels, announced that it will exit the bunker markets in Singapore and Antwerp. Going forward Bomin will operate from only two offices: Houston and Hamburg. The two offices will serve all Bomin customers
VLCC Rates for 270,000mt, from the Middle East Gulf to both China and Singapore, were marginally firmer at WS 56.5/57.5, and a US Gulf-bound cargo to the US Gulf done at WS 20 Cape/Cape, but now assessed at WS 21.5.
Trafigura Group Pte Ltd (“Trafigura”), one of the world’s leading independent commodity trading companies, has named the first of its 35 crude oil and product tankers being built in South Korea and China.
Today’s naming ceremony took place at Hyundai Samho
GoodFuels Marine, the world’s first supplier of sustainable low carbon marine fuels, and blockchain technology and governance experts Blockchain Labs for Open Collaboration (BLOC), have successfully completed the world's first bunker delivery and transaction using blockchain technology.
The delivery, made to
With the growing relevance of Liquefied Natural Gas (LNG) as a sustainable alternative to oil and other fossil fuels, Sembcorp Marine, ABS and A*STAR's Institute of High Performance Computing (IHPC) are teaming up to develop new technologies, applications and capabilities