Coronavirus
Fuel prices take a massive nosedive
Fuel prices have taken a massive nosedive since the beginning of the year with low sulphur fuel prices in Singapore dropping from USD 734 per…
Survey
SURVEY: Last chance to win 2 VIP tickets for the Project Cargo Summit 2020
2020 has started tumultuous with rising fuel costs, weaker freight rates and the unexpected coronavirus outbreak. To report on these developments as accurately as possible…
IMO 2020
Prices for IMO 2020 fuels skyrocket
With IMO 2020 now in effect, fuel prices for low sulphur fuel have soared, shooting up almost 50% in major bunker ports like Singapore. Prices…
IMO2020
Wagenborg fleet now sailing on low sulphur fuel
PRESS RELEASE –Â As of November, Wageborg has started ordering and bunkering low sulphur fuel in response to the upcoming sulphur cap, starting on January…
Scrubbers
Scrubber failure floods engine room
A video of a failing scrubber system is quickly spreading on social media. The clip shows how large quantities of wash water are pouring down…
Oil prices may fall ahead of 2020, warns Rystad Energy
The oil market is going from gloomy to gloomier, warns Rystad Energy in a new market report. Increased production, economic recession, the ongoing trade war…
Spliethoff says low sulphur fuels will lead to higher CO2 emissions
With 2020 fast approaching, more and more shipping companies are communicating how they intend to comply with the upcoming sulphur regulations. While most shipping companies…
Sulphur Cap
AAL vague about IMO 2020 approach
AAL is the second large multipurpose shipping company to publicly announce its strategy for the upcoming IMO 2020 sulphur regulations. But although the company is…
IMO 2020
Zeamarine announces IMO 2020 cost recovery measures
Starting September 1, customers of Zeamarine will pay a Low Sulphur Surcharge of USD 35 per freight ton to recover the costs from the IMO…
Environment
Intercargo concerned about lack of testing of low sulphur fuels
With less than six months to go until the new sulphur regulations come into force, Intercargo says it is “extremely worried” about the safety of…
IMO 2020
Höegh Autoliners CEO: “Why focus on using a product that will be banned?”
Höegh Autoliners CEO Ivar Myklebust joins the club of scrubber critics and says he “stands firm” on the decision not to implement scrubbers to comply…
Consolidation
Zeaborn eyes more cheap second-hand tonnage
German shipping company Zeaborn eyes more cheap, second hand tonnage now that a multitude of new environmental legislation will force ship owners to either sell…
Environmental regulation
Spliethoff secures 110 million euro scrubber loan
Dutch multipurpose vessel operator Spliethoff has secured a 110 million euro loan agreement with ING and the European Investment Bank for the retrofitting of 42…