As the bunkering industry gears up for the International Maritime Organization’s tighter sulfur emission standards from 2020, some market participants have been promoting the blending of biofuels as one possible way of reducing emissions. Increasing the proportion of biofuels in the marine...
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Shipping Lobby Proposes Phased Start to Historic Fuel Change
The shipping industry is pressing for a phased start when tough new rules governing vessel fuel get under way in fewer than 16 months’ time. Three trade groups and four countries where thousands of ships are registered made a joint proposal to the International Maritime Organization on Aug. 31 for...
https://www.hellenicshippingnews.com/shipping-lobby-proposes-phased-start-to-historic-fuel-change/
Pirates kidnap 12 crew members from Swiss vessel in Nigerian waters – ship operator
Pirates kidnapped 12 crew members from a Swiss merchant vessel on Saturday in Nigerian waters, the ship’s operator said in a statement. Kidnapping for ransom is a common problem in parts of Nigeria. A number of foreigners have been kidnapped in the last few years in the southern Niger Delta region,...
Going long: Chinese steel mills chase iron ore contracts with Brazil’s Vale
Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron ore ahead of winter steel output cuts, a boon for the main supplier of such grades of the commodity, Brazilian mining giant Vale. China, the world’s biggest consumer of the steelmaking ingredient, needs...
Chicago agricultural commodities end higher weekly on more exports
Chicago Board of Trade (CBOT) agricultural commodities closed higher over the trading week ending Sept. 21, as higher-than-expected weekly export sales and prospects for U.S. harvest delays sparked a round of short-covering. The most active corn contract for December delivery rose 5.5 cents weekly,...
Gibson tanker report – VLCC Maths
Robust scrapping activity has been one of the key features of the tanker market this year. Demolition has been particularly strong in the VLCCs Source: GIBSON SHIPBROKERS LTD
https://www.hellenicshippingnews.com/gibson-tanker-report-vlcc-maths/
Libya’s AGOCO resumes 3,000 bpd production at abandoned well in Messla
Libya’s National Oil Corporation (NOC) said on Saturday its subsidiary the Arabian Gulf Oil Company (AGOCO) had restored production at 3,000 barrels of oil per day (bpd) at an abandoned well in the eastern Messla field. After 16 years of inactivity, production resumed at the well (HH86-65) using...
Expert says production declines and geopolitical unrest may push bunker prices up
World oil indexes have not had any firm trend during the week: fuel markets are trying to make sense out of both supply and demand questions as well as geopolitical uncertainty. OPEC downgraded demand while the IEA said in a report that supply outages are tightening up the oil market. MABUX World...
Iran Says Oil Production Unaffected by Deadly Attack
Iran is producing oil at normal levels in spite of a deadly shooting in the crude-rich Khuzestan province, home to fields accounting for two-thirds of the Islamic Republic nation’s output, according to the Oil Ministry. OPEC’s No. 3 producer didn’t take any extra security measures to protect energy...
https://www.hellenicshippingnews.com/iran-says-oil-production-unaffected-by-deadly-attack/
ShipsFocus Weekly Chemical Shipping Report, Week 38 2018
ShipsFocus Weekly Chemical Shipping Report, Week 38 2018 Source: ShipsFocus Intelligence Pte Ltd.
https://www.hellenicshippingnews.com/shipsfocus-weekly-chemical-shipping-report-week-38-2018/