In the latest twist in the ongoing collision litigation involving the owners of the Ever Smart and Alexandra I, the Supreme Court has allowed an appeal by Evergreen Marine (UK) Limited on the applicability of the crossing rules (Evergreen Marine (UK) L…
Re-examining the crossing rules Read More »
As the lion’s share of the world fleet replaced high-sulphur fuel oil (HSFO) with low-sulphur fuel oil (LFSO) as a mean of propulsion to be compliant with the IMO 2020 global sulphur cap which came into force on 1 January 2020, overall bunker sales ros…
Scrubber-fitted ships nearly double as fuel spread settles at $118 per MT Read More »
US refinery production has yet to recover from the outages last month, and lower domestic fuel oil production has increased the country’s appetite for imports cargoes. An unusual blizzard and freezing temperatures in the US Gulf Coast knocked out much …
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
After the initial disruption, last year ended better than expected for global shipping. The industry will benefit from world trade recovery in 2021, with average seaborne trade volumes expected to end above pre-pandemic levels, yet underlying differenc…
Shipping sector outlook: Container prices spike while tanker rates plunge Read More »
Low sulphur bunker fuels are readily available in most large ports in Europe and Africa, while HSFO volumes are tight in the Canary Islands and South Africa. A slowdown in eastward fuel oil cargo flows has left more fuel oil in storage in ARA. Independ…
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »