Global Phenomenon of LNG Bunkering Services and Infrastructure
Zero particulate matter emission has made LNG the future proof marine fuel.
With 120 LNG powered vessel, the LNG bunkering market will exceed 12 billion dollars by 2024.
Ports like Rotterdam and Marseille...
BIMCO: Marine Sulphur Content & Fuel Transition Clause Published
BIMCO has published two sulphur content related bunker clauses which are now available for its members on the BIMCO website and on SmartCon, BIMCO’s contract editing solution.
The two clauses are:
BIMCO 2020 Marine Sulphur...
Lofty Freight Rates Shield Asian Sweet Crudes from Arbitrage Competition
Asian sweet crude trader said, differentials are expected to remain supported for the coming February trading cycle as multi-year high freight rates bar some competition from arbitrage barrels, says Platts.
High yields
The correction in middle...
Wallenius Wilhelmsen Supports Ship Recycling Transparency Platform
Ship Recycling Transparency Initiative has formed an online platform for ship recycling transparency with the help of Wilhelmsen group.
The platform will make the process of ship recycling transparent by enabling sharing of...
Global Ship Inks Five-Year Time Charters with CMA CGM
Global Ship secured two 5-year time charters with CMA CGM for two containerships at 30% above current rates.
The new charters will commence during the second quarter of 2019.
Contracted revenue to increase...
How does Seawater Buffer or Neutralize Acids Created by Scrubbing?
Scrubber systems are air pollution control devices that can be used to remove some particulates and/or gases from industrial exhaust streams. Traditionally, the term “scrubber” has been used to define pollution control devices that...
8% Discount on Tonnage Fees for ESI Ships in the Port of Tallinn
Ships participating in ESI can avail 8 percent discount on tonnage fees in the Port of Tallinn
New port pricing system to be introduced in 2019, involves differentiated port fees to adopt environmentally friendlier...
Fuel Prices Falling! Ocean Carriers Levy Surcharge Now
The shippers remain unconvinced about the justification the size of the surcharge ocean carriers is proposing to cover the cost of compliance with the IMO’s 2020 0.5% sulphur cap regulations.
Shippers not impressed
One forwarder was...
Choice of 2020 Compliance may Affect Charter Parties and Agreements
As 2020 is fast approaching, many uncertainties have risen with respect to fuel costs and fuel availability. The characteristics of some of these new fuels and how the sulphur cap is going to be...
Components of Gasoline Production to Make Shipping Fuels
As shippers start exploring low sulfur fuels, the gasoline market faces a difficult situation.
Vacuum Gasoil will be diverted to make ship fuels, thereby hitting the gasoline processing.
VGO competition will increase, as...