Latest Maritime News
June 18-July 1, 2019
IMO Puts Alternative Fuels on Agenda 

The International Maritime Organisation (IMO) has said it plans to hold a conference in October ahead of the implementation of the global 0.5% sulfur cap on bunker fuel.

The event will have "wide participation from stakeholders, to provide updates on planning for 2020", the organisation said. Continue reading here ( Source: Ship and Bunker).
China's Two Biggest Shipbuilders Plan Merger

China’s two largest shipbuilders are planning to merge, their listed arms said in separate exchange filings on Monday, the latest to join a wave of mergers among state-owned enterprises as the government overhauls the sector.

The move by China Shipbuilding Industry Corp (CSIC) and China State Shipbuilding Corp Ltd (CSSC), is subject to approvals from related authorities and there are still many details to be ironed out before the proposal can be finalised, the filings showed. Continue reading here ( Source: gCaptain).
Final Countdown to Sulphur 2020 Begins

A look at how the shipping industry will tackle the IMO's 0.5% sulphur content regulation.

International Maritime Organisation’s (IMO) global 0.50 per cent sulphur cap regulation will come into effect on January 1, 2020. The limit for sulphur content in fuel oil used in ships operating outside the designated emission control areas will be reduced to 0.50 per cent m/m (mass by mass) from the current 3.50 per cent m/m, which has been in effect since 2012. Continue reading here (Source: Gulf News).
Singapore Makes Mass Flow Meters Mandatory for Distillates Bunker Delivery

Singapore is enforcing the use of mass flow meters (MFMs) for all distillates bunker delivery from 1 July 2019, following on from the mandated use of MFM systems for heavy fuel oil delivery since the beginnning of 2017.

“With effect from 1 July 2019, it is also mandatory to use MPA-approved MFM system for all distillates bunker delivery,” Maritime and Port Authority of Singapore (MPA) stated. Continue reading here (Source: Seatrade Maritime News).
Ships Reduce Speed for Cleaner Air at the Port of Long Beach

The Port of Long Beach is applauding the voluntary slow down of ships calling at the port as part of the Port’s Green Flag Incentive Program, which offers financial incentives for vessels to reduce speed near the port to reduce the amount of air pollution.

More than 135 shipping lines are now participating in the program requiring ships to slow to 12 knots or less within 20 or 40 nautical miles of the Port of Long Beach. Continue reading here (Source: gCaptain).
Dry Bulk Climbs Higher

Positive performances recorded for all bulker segments have pushed the dry bulk index to year-highs this week, and sustained the recent bullish sentiment in the sale and purchase market. With around a month to go until the Greeks take to their superyachts volumes of deals as well as prices are set to climb higher.

According to Intermodal report, the average earnings for capesizes have increased by more than 128% in just a month. Continue reading here (Source: Splash 247).
U.S. Refinery Capacity Reaches Record High at the Start of 2019

As of January 1, 2019, U.S. operable atmospheric crude oil distillation capacity was a record-high 18.8 million barrels per calendar day (b/cd), an increase of 1.1% since the beginning of 2018, according to EIA's annual Refinery Capacity Report. The previous high of 18.6 million b/cd was set at the beginning of 1981. U.S. annual operable crude oil distillation unit (CDU) capacity has increased slightly in six of the past seven years. Operable capacity includes both idle and operating capacity.

Refinery capacity is measured in two ways: barrels per calendar day and barrels per stream day. Barrels per calendar day reflect the input that a distillation unit can process in a 24-hour period under usual operating conditions, taking into account both planned and unplanned maintenance. Continue reading here (Source: Bunker Ports News Worldwide).
Current Price Indications
*Prices are indications only. Please  contact us  for firm pricing.
Weekly Tanker Update
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