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 »
Tight fuel availability in Houston could ease in the next week as suppliers work through delivery backlogs. The fog has cleared to allow more ships to pass through Houston Ship Channel. Thick sea fog closed the channel intermittently last week, leading…
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
A lack of tonnage is becoming evident in the ship recycling market, as the firming up of the freight market has limited selling opportunits among ship owners. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with owners still e…
Lack of Tonnage Prevalent in the Demolition Market 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 »