US Updates IMO 2020 Enforcement Policy
The United States is sharpening its focus on enforcement of the IMO 2020 fuel sulfur emissions cap, which could result in harsh penalties for vessel operators caught attempting to sidestep Continue Reading
Debunkering of high sulfur marine fuel picks up pace in Hong Kong ahead of carriage ban in Mar
The number of vessels at the port of Hong Kong requesting for the debunkering of high sulfur bunker fuel has risen significantly this month, market sources said. Receive daily email Continue Reading
Smooth Sailing for Ships After Historic Fuel Switch
A major switch in maritime fuel aimed at reducing emissions from ships is proceeding smoothly, shipping executives say, with new blends available in most ports and operators reporting few problems Continue Reading
Shipowners may avoid Persian Gulf; war risk premia spike
The cost to deliver commodities is set to rise as additional war risk premia on merchant ships in the Middle East has shot up significantly this week, while security concerns Continue Reading
Petrobras suspends ship transit via Strait of Hormuz on Middle East tensions
Brazilian state-run oil firm Petrobras suspended its shipping routes through the Strait of Hormuz, including bunker hub Fujairah, as tensions in the Middle East escalate after a US drone strike Continue Reading
Saudi Tanker Group Halts Strait Of Hormuz Route
Amid the rising tension in the Middle East, Saudi Arabia’s tanker and logistics group Bahri has suspended transits through the Strait of Hormuz, the world’s most important oil chokepoint which Continue Reading
Why Pirates Are Giving Up On Oil
Piracy in some of the world’s most critical oil chokepoints is on the rise–but now, pirates are resorting back to another method of income generation better suited to times of Continue Reading
Trump administration revises Jones Act framework for oil, gas operations
US Customs and Border Protection has formally revised its framework for the enforcement of the Jones Act, a change critics claim could allow more foreign-flagged vessels to operate in domestic Continue Reading
Maritime Emissions Rule Triggers Split in Shipping Costs
The systems cost several million dollars but will allow the operators to avoid buying new low-sulfur fuel that oil traders say will be some 30% more expensive than conventional bunker Continue Reading
LNG poised to capture growing portion of global bunker fuel market
As shipping companies prepare to bring their fleets into compliance with IMO 2020, LNG is poised to capture a small but growing portion of the international bunker fuel market in Continue Reading