02 May 2017
The use of maneuvering fuel when passing Panama Canal waters has been stated by the Panama Canal Authorities after a change in their notifications.
09 April 2019
The Panama Canal Authority (ACP) issues "deck cooling during transit" requirement effectively immediately for all crude tankers, product carriers and chemical tankers carrying cargoes with flashpoints of less then 18 degrees C.
12 September 2016
14 October 2016
21 March 2019
BIMCO issues a list of scrubber regulation related to the discharge of the wash water
07 November 2019
The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor.
07 November 2019
BIMCO members can now monitor the price spread between Marine Gas Oil Low Sulphur and 380 centistoke High Sulphur Fuel Oil in 32 different ports around the world with daily information supplied by MABUX.
06 August 2019
Join 150 market representatives at the 39th Argus Fuel Oil Summit taking place in Miami this October. The deadline for IMO 2020 is quickly approaching and the industry is bracing for change. You can network with senior representatives across the fuel oil supply chain and understand how to best prepare your business for the first year of compliance.
22 April 2010
US President Obama has issued an Executive Order with the heading “Blocking Property of Certain Persons Contributing to the Conflict in Somalia”, which could have an impact on the possibility for paying ransom under some circumstances. The situation is not clear and perhaps some ship owners will consider how to address this situation before transiting the Gulf of Aden and the Somali Basin. On that background, we hereby include an updated version of our calculations regarding the cost part of the decision to go round the Cape of the Good Hope.
30 June 2016
Demolition of containerships almost tripled in the first 5 months of the year 2016 in comparison to the same period of last year.