This is the first budget since the Brexit transition period has ended. We had expected that any changes to the UK tonnage Tax regime would be positive, for example by removing the EU flag requirement, or a new election window, but there were no changes…
UK Budget 2021: The Shipping Sector Read More »
Global shipping CO2 emissions decreased 1% last year as the Coronavirus pandemic curtailed 2020 shipping activity, according to maritime data provider Marine Benchmark. CO2 emissions among the ‘Big-3’ – Tankers, Bulkers and Containers…
COVID 19: 2020 global shipping CO2 emissions down 1% Read More »
The snowstorm that hit Texas in the middle of February caused a 1.1 million barrels per day (bpd) drop in US crude oil production between the second and third week of that month. In the week ending 19 February, US crude oil production averaged 9.7m bpd…
BIMCO: US crude oil production takes 1.1m bpd hit due to snowstorm Read More »
VLSFO has been tight for prompt deliveries in ARA ports in the past week, and its prices have been supported by persistently low European refinery runs. ARA’s independent fuel oil inventories, which include both low and high sulphur grades, have been d…
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »
“The bunker market has one big problem and that’s a lack of transparency,” says Ove Munthe-Kaas. Munthe-Kaas is working with a team to develop a bunker procurement tool that is bringing shipowners together for more transparency in the bunker market. Bu…
150 shipowners join forces for more real-time transparency in the bunker market Read More »