News

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 […]

Newbuilding Activity Tumbles Down, But S&P Market Rather Active
by hellenicshippingnews.
Tuesday, February 18, 2020
Ship owners have refrained from newbuilding ordering activity this past week, but they’ve been rather active in the S&P market. In its latest weekly report, shipbroker Banchero Costa said that it was “fairly active in the second hand market. In the dry segment, the ‘White Hawk’ 61,000 dwt built in 2012 at Oshima was sold ...

As ocean temperatures rise, shipowners look for ways to cope
by hellenicshippingnews.
Tuesday, February 18, 2020
The world is heating up, and its oceans are no exception. According to the International Panel on Climate Change (IPCC), the oceans absorb the majority of the heat created by greenhouse gas emissions, causing their temperature to rise. During this summer, the hottest on record in the Northern Hemisphere, unusually high temperatures were seen on ...

IMO 2020: Impending Carriage Ban – “Legitimate” de-bunker/disposal practices
by hellenicshippingnews.
Tuesday, February 18, 2020
The International Maritime Organisation’s (“IMO”) “carriage ban” rule makes it an offence, as of 1 March 2020, for ships to carry fuel oils that contain sulphur content higher than 0.5%, unless the vessel has a scrubber or the fuel is carried as cargo. We have been advised by bunker traders in Singapore of some risky, ...

U.S. Sanctions Rosneft Trading Unit Over Venezuelan Ties
by Reuters
Tuesday, February 18, 2020
By Humeyra Pamuk and Daphne Psaledakis WASHINGTON, Feb 18 (Reuters) – The United States on Tuesday ramped up pressure on Venezuela by blacklisting a subsidiary of Russian state oil major Rosneft that President Donald Trump’s administration said provides a financial lifeline to President Nicolas Maduro’s government. The U.S. Treasury Department imposed sanctions on Rosneft Trading […]

Europe’s Busiest Port Reports Flat Throughput in 2019
by Mike Schuler
Tuesday, February 18, 2020
Throughput at the Port of Rotterdam remained flat in 2019 amid “significant underlying shifts” in the various commodity sectors served by the Europe’s busiest port. The Port of Rotterdam Authority last week reported freight throughput of 469.4 million tonnes in 2019, only fractionally higher than the 469 million tonnes reported in 2018. While sectors such […]

Ships Evacuated After Missile Strike Near Tripoli Port
by Mike Schuler
Tuesday, February 18, 2020
By Ahmed Elumami and Emma Farge TRIPOLI/GENEVA, Feb 18 (Reuters) – Eastern Libyan forces said they attacked the sea port of Libya’s capital on Tuesday to target a weapons depot, signaling a new escalation in the battle for control ofTripoli. The Libya National Army (LNA) faction, which is based in the east of the sprawling […]

Benny Cenac’s Business: The Houma Machine and Propeller Shop
by Sponsored
Tuesday, February 18, 2020
Benny Cenac, CEO of Cenac Marine Services and Houma native, takes great pride in continuing his family’s multigenerational business and legacy. One of his family businesses, Houma Machine & Propeller, is a renowned propeller shop, selling and repairing ship propellers of various sizes all over the world.  Ship propellers have advanced greatly over the years. Today, the largest propeller has a diameter of 31.5 feet, and […]

Abandoned ‘Ghost Ship’ Washes Ashore in Ireland
by Mike Schuler
Tuesday, February 18, 2020
An abandoned cargo ship has washed up in Ireland after more than a year adrift in the North Atlantic.  The M/V Alta first made made headlines in October 2018 when the U.S. Coast Guard rescued its 10 crew members approximately 1,380 miles from Bermuda, leaving the ship abandoned about twenty days after it became disabled […]

Golden Ocean Warns on Profit, Supply Chains Due to Coronavirus
by Reuters
Tuesday, February 18, 2020
By Terje Solsvik OSLO, Feb 18 (Reuters) – Shipping group Golden Ocean warned on Tuesday its profit would be hit by a slowdown in demand due to the coronavirus outbreak in China, sending its shares down more than 3% in early trade. The world’s second-biggest economy has seen business activity curtailed in recent weeks as it battles to […]

Slump in Global Goods Trade to Deepen With Coronavirus, WTO Says
by Bloomberg
Tuesday, February 18, 2020
By Brendan Murray (Bloomberg) — Global trade in goods will likely stay weak in coming months as disruptions from coronavirus in China staunch the movement of international commerce already slowed by tariffs and uncertainty, according to the World Trade Organization. The Geneva-based body’s latest forward-looking Goods Trade Barometer stood at 95.5, compared with a level of 96.6 in […]

Harvest Energy Marine Hires Senior Bunker Trader in Northwest Europe
by Ship Bunker
Tuesday, February 18, 2020

Martin Olesen will be working on expanding the company's business at Zeebrugge.

Joint Venture Launched for European Carbon-Neutral Shipping Infrastructure
by Ship Bunker
Tuesday, February 18, 2020

To start with the plan will initially focus on the German inland DeltaPort location in Voerde and Wesel.

Golden Ocean: Chinese Scrubber Retrofits Delayed
by Ship Bunker
Tuesday, February 18, 2020

Outstanding work caught up in coronavirus downturn

Singapore: Uptick in Floating Storage
by Ship Bunker
Tuesday, February 18, 2020

As global demand deflates on pandemic fears.

Hybrid Models Take Up a Third of Wärtsilä Scrubber Sales
by Ship Bunker
Tuesday, February 18, 2020

The remaining two thirds are open-loop orders.

Singapore Slashes Port Fees for Cruise Ships
by Ship Bunker
Tuesday, February 18, 2020

In wake of coronavirus impact on passenger shipping.

Gazprom Neft Boosts VLSFO Production at Omsk Refinery
by Ship Bunker
Tuesday, February 18, 2020

The company now plans to produce more than 1.5 million mt/year of low-sulfur fuels.

INTERVIEW: Trident Alliance Remains Cautious Over Declaring IMO 2020 Mission Accomplished
by Ship Bunker
Tuesday, February 18, 2020

The Trident Alliance is a coalition of ship owners and operators formed in 2014 to help ensure "robust and transparent" enforcement of sulfur regulations for shipping.

Shipping Market Will Rebound: It’s Just a Matter of When not If
by hellenicshippingnews.
Monday, February 17, 2020
The shipping markets have been reeling under the pressure of low demand, the product of the impact that the Coronavirus has had in the global supply chain. However, as shipbroker Intermodal and various analyst point out, when the outbreak is contained, demand for shipping is bound to increase, perhaps even more dramatically than it has ...

Ship Shape – FIS Commodity
by hellenicshippingnews.
Monday, February 17, 2020
It is everywhere. Chatter about the coronavirus has taken over the pages of every single news website, creating a homogeneity of panic. It’s also turned that friend of yours (invariably called Dave), who bangs on about conspiracy theories, into talking like the world’s leading medical expert. We may have seen a bit of bounce in ...