News

Shipping Counts Costs as Coronavirus Hits Supply Chains
by Reuters
Thursday, February 20, 2020
By Jonathan Saul LONDON, Feb 20 (Reuters) – China is struggling to resume normal trade operations as fallout from the coronavirus outbreak hits container shipping lines and logistics chains, with goods stuck and costs mounting, industry officials say. The epidemic has upended global supply chains and caused widespread disruption to businesses and factory activity in China, prompting […]

HSFO Prices May Rise on Restricted Supply
by Ship Bunker
Thursday, February 20, 2020

Global bunker markets experiencing tight availability and barging issues for HSFO, says bunker trader.

Scrubber Retrofits Straightforward: Ship Operator
by Ship Bunker
Thursday, February 20, 2020

Ferry company Grimaldi reports few issues with installing emissions abatement equipment.

Rotterdam Bunker Sales Lost 5.5% Last Year But Stabilised in Q4
by Ship Bunker
Thursday, February 20, 2020

Total sales sank to 8.95 million cubic meters last year.

Maersk Sees 6.7% Cut in Bunker Consumption Despite Fleet Growth
by Ship Bunker
Thursday, February 20, 2020

Total bunker consumption dropped to 11.092 million mt in 2019 from 11.894 million mt the previous year.

Container Giant Maersk Hits IMO 2030 Carbon Target 10 Years Early
by Ship Bunker
Thursday, February 20, 2020

As of 2019 the company has reduced its relative carbon dioxide emissions by 41.8% compared with a 2008 baseline.

Technology Firm Partners With Environmental Group on Emissions-Free Shipping
by Ship Bunker
Thursday, February 20, 2020

The two organisations will work to develop hydrogen and electricity infrastructure for shipping.

US HSFO Demand Drops to 5% of Total as VLSFO Rises: Argus
by Ship Bunker
Thursday, February 20, 2020

VLSFO is now taking a 57-62% market share, according to marine fuel seller estimates collated by Argus.

IMO 2020: No Large Speed Bump Thus Far
by Ship Bunker
Thursday, February 20, 2020

Without question, the biggest surprise from the roll out of IMO 2020 is what hasn't happened.

Crude Prices Soar As Analysts Shift Gears And Now Worry About A Supply Shortage
by Ship Bunker
Wednesday, February 19, 2020

Meanwhile, the Saudis now think the coronavirus is akin to a burning house.

American Ship Pilots Sound Alarm on Unsafe ‘Trapdoor’ Arrangement
by Mike Schuler
Wednesday, February 19, 2020
The American Pilots’ Association has sent a letter to state pilotage authorities across the United States on behalf of approximately 1,200 American ship pilots to improve safety pilot safety following the death of a New York pilot in December.  The letter comes after Captain Dennis Sherwood of the Sandy Hook Pilots Association was killed in […]

Capesizes Sold for Scrap Increase In Numbers
by hellenicshippingnews.
Wednesday, February 19, 2020
The Capesize market has long been in negative territory, leaving ship owners with older ships in their “arsenal” with little no options. As such, over the course of the past few weeks, there’s been a wave of sales for demolition. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “after what has been ...

The Bahamas focuses on quality, partnership, sustainability and how the human element will fit with technology in 2020
by hellenicshippingnews.
Wednesday, February 19, 2020
The Bahamas Maritime Authority (BMA) has outlined its goals for the next 12 months, with quality growth, partnership, sustainability and the effective use of technology sitting at the top of its agenda. Outlining his 2020 message to the industry, Captain Dwain Hutchinson, Managing Director and CEO of the BMA, said maintaining its position in the ...

The surprising move in marine fuel spreads
by hellenicshippingnews.
Wednesday, February 19, 2020
Middle distillates tank One of the biggest surprises since the implementation of new International Maritime Organization (IMO) sulphur regulations is the weakness we have seen in the middle distillate market. Expectations were that we would see a large share of the shipping industry shift to marine gasoil, which would be a bullish scenario for middle ...

Captain Livingstone: All Person Errors
by Editorial
Wednesday, February 19, 2020
By Captain George Livingston – There has been a lot of work in the last few decades directed toward accident prevention in marine transportation.  We know most accidents are caused by human error, importantly, a series of errors. The much talked about error chain comes to mind, and eliminating single person errors. The theory is that reducing […]

The Impact of U.S. Sanctions on Oil Market and Rosneft
by Reuters
Wednesday, February 19, 2020
By Gleb Gorodyankin and Polina Devitt MOSCOW/LONDON, Feb 19 (Reuters) – The United States on Tuesday ramped up pressure on Venezuela by blacklisting a subsidiary of Russian state oil major Rosneft that Washington said provides a financial lifeline to President Nicolas Maduro’s government. The U.S. sanctions threaten Venezuela’s ability to export oil but pose only […]

Shift to Cleaner Power Sparks Landmark Green Bond in Japan
by Bloomberg
Wednesday, February 19, 2020
By Ayai Tomisawa and Rie Morita (Bloomberg) — In Japan’s gusty northeast, a power company is looking to fund offshore wind projects with a landmark sale of green bonds that seeks to muscle in on the growing pool of money available for environmentally friendly investments. Tohoku Electric Power Co. plans to price what would be the […]

Maersk Expands Logistics Push with Purchase of U.S. Warehousing Firm
by Mike Schuler
Wednesday, February 19, 2020
COPENHAGEN, Feb 19 (Reuters) – Danish shipping group A.P. Moller-Maersk said on Wednesday it had agreed to buy U.S. warehousing and distribution firm Performance Team as part of plans to deliver more customised logistics solutions. Maersk said the the value of the deal is $545 million, including lease liabilities of around $225 million. The world’s largest container shipping firm […]

Bouchard Ordeal Evokes 19th Century Supreme Court Decision
by Sal Mercogliano
Wednesday, February 19, 2020
By Salvatore R. Mercogliano, Ph.D. On July 7, 1895, the barque Arago arrived in San Francisco with four of its crewmembers in irons.  The deckhands had jumped ship while in Portland, Oregon prior to the ship embarking on a cruise down to Chile.  The master of the vessel signed out warrants for their arrest and […]

Scorpio Tankers Sees $5,400/Day Premium for Scrubber-Equipped LR1 Tankers
by Ship Bunker
Wednesday, February 19, 2020

In January the company's LR1 tankers with scrubbers earned $5,400/day more than those without against average earnings of $19,000/day for this type of vessel.

Japan Blasted as Passengers Finally Leave Coronavirus Cruise Ship
by Reuters
Wednesday, February 19, 2020
By Linda Sieg and Ryan Woo TOKYO/BEIJING, Feb 19 (Reuters) – Hundreds of passengers trundled off a cruise ship in Japan on Wednesday after being held on board in quarantine for more than two weeks, as criticism mounted of Japan’s handling of the biggest coronavirus outbreak outside China. Even as passengers rolled their luggage off the Diamond Princess cruise liner, Japanese authorities […]

UK Names New Shipping Minister
by Ship Bunker
Wednesday, February 19, 2020

Kelly Tolhurst's brief to include aviation.

UK Names New Shipping Minister After Cabinet Reshuffle
by Ship Bunker
Wednesday, February 19, 2020

Kelly Tolhurst's brief to include aviation.

Wind Power Unit Finds Permanent Home
by Ship Bunker
Wednesday, February 19, 2020

Ventifoil unit to be fixed on a Dutch cargo ship.

Portugal's Galp Backs Off From Previous Intention to Supply HSFO
by Ship Bunker
Wednesday, February 19, 2020

Current VLSFO production levels are 200,000-220,000 mt/month.

Nakilat Fleet to Stay With 'Compliant Fuel'
by Ship Bunker
Wednesday, February 19, 2020

Compliant fuel 'most viable option from technical and commercial perspectives', company says.

UK's Royal Society Backs Ammonia Bunkers to Cut Shipping GHGs
by Ship Bunker
Wednesday, February 19, 2020

The organisation published a policy briefing document Wednesday on ammonia's potential as a zero-carbon store of energy.

VIEWPOINT: Total's Move Away From Fuel Oil May Unnerve Shipowners With Scrubbers
by Ship Bunker
Wednesday, February 19, 2020

HSFO supplies may start declining more rapidly than the market currently expects.

Libyan Output Collapse Supports Crude Prices, But Coronavirus Worries Still Prevail
by Ship Bunker
Tuesday, February 18, 2020

Meanwhile, expectations are that OPEC will enact deeper output cuts.

Fincantieri Delivers First Virgin Voyages Ship
by Mike Schuler
Tuesday, February 18, 2020
Italian shipbuilder Fincantieri has delivered the first vessel in Richard Branson’s new Virgin Voyages fleet.  The vessel, named Scarlet Lady, was delivered Friday, February 14, at Fincantieri’s Genoa Sestri Ponente shipyard.  The adults-only Scarlet Lady comes in at about 110,000 gross tonnes and is 278 meters long by 38 meters wide, with 1,400 guest cabins […]