Contamination fears fuel calls for greater bunker transparency ahead of 2020
11.02.2019Calls are growing for greater transparency in the bunker industry ahead of the 2020 global sulphur cap.
learn more →Product Tanker Owners’ Fortunes to Improve In Second Half of 2019 on New Refinery Additions
08.02.2019Product tanker owners could potentially see rates improving during the second half of 2019, as a number of new refineries will hit the market. In its latest weekly report, shipbroker Gibson said that “according to a recent IEA report, 2019 is expected to see the largest wave of refinery capacity additions since the 1970’s. The Agency expects that 2.6 million b/d of new capacity will initiate operations this year. In terms of pure volumes, this is of course a bullish sign for the product tanker market, but what really matters is how global product flows shape up”.
learn more →IBIA defines the new regulatory BDN to be launched in 2019
07.02.2019IBIA reminds the industry that new regulatory requirements under MARPOL Annex VI, regarding the information to be included in the bunker delivery note (BDN), will enter into force on 1 January 2019. That is why, IBIA provides practical advice and dispel some of the misunderstandings regarding the responsibility of suppliers.
learn more →Greek Shipowners advise IMO to ensure future-fuel compatibility
06.02.2019London-based Greek shipowners have urged the IMO to bring together oil companies, marine equipment makers and classification societies to guarantee fuels created to comply with 2020 environmental rules do not damage engines and cause accidents.
learn more →Sinopec Shanghai refinery produces low-sulphur bunker fuel
05.02.2019Sinopec’s Shanghai refinery produced its first set of low-sulphur bunker fuel, amounting a total of 6,000 tonnes. The Shanghai refinery now became the first in China to produce low sulphur fuel oil, in order to comply with upcoming IMO rules.
learn more →Demolition Activity Still to Pick Up
05.02.2019Ships’ demolition activity still hasn’t picked up during 2019, as ship owners are gauging the market. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “it has been another sluggish week with most end recyclers still closing themselves off having no real appetite to acquire tonnage.
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