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 »
The 75th session of International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC 75) has in November 2020 adopted amendments to MARPOL Annex VI, introducing a method for fuel oil sampling from ships’ fuel oil tanks to…
IMO Publishes Guidelines To Port State Control For On Board Fuel Oil Sampling Read More »
Shipping will face many obstacles as it strives to reduce its emissions impact. The switch to cleaner fuels, essential for much of the global fleet, will bring added cost and complexity as well as the need for new skills. Digital systems will play a ke…
Supporting shipping’s switch to clean fuels Read More »