Maritime News Round Up – Issue 25

19 - 23 October 2020

1364 days ago


MABUX: Bunker market Oct.23

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) demonstrated slight downward changes on Oct.22:

380 HSFO – USD/MT – 297.56 (-1.39)
VLSFO – USD/MT – 348.00 (-2.00)
MGO – USD/MT – 411.70 (-2.67)

Meantime, world oil indexes increased on the hopes of a new stimulus package and the better-than-expected job figures. Hellenic Shipping News

Bunker buyers are optimistic for the post-covid future

Industry experts taking part in the Maritime Week Americas (MWA) Bunker Buyers’ Discussion said that shipowners were generally well-prepared for IMO 2020 and, while COVID-19 has brought a host of commercial and operational challenges, they were optimistic for the future of shipping and the bunker industry. Bunkerspot 

Ships Should Bunker VLSFO More Frequently Because of Shelf Life: KPI OceanConnect

Shipowners should be looking to bunker very low sulfur fuel oil  (VLSFO) more frequently than they had previously been taking on high sulfur fuel oil because of uncertainty over its shelf life, according to KPI OceanConnectShip & Bunker

More diesel in Bunker Fuel raising risk icould turn into sludge

The shipping sector is providing an outlet for surplus oil products such as diesel that have swelled due to a virus-driven demand hit, but questions about changing ship fuel quality are starting to raise concerns. G Captain


Marine lubricants

Lower sulphur fuel oil stresses ships’ engines

The reduction of sulphur in fuel oil has created many challenges for cylinder lubricating oil, experts told attendees at Riviera’s Maritime Air Pollution, Europe conference marine lubricants and additives session, sponsored by Castrol.  Riviera 


Ammonia: a future-fuels frontrunner

As the industry implements its strategy for cutting greenhouse gas (GHG) emissions, manufacturers are beginning to develop main propulsion engines and auxiliary generators to burn alternative fuelsRiviera

IMO set to pass safety milestone for methanol ship fuel 

A key milestone in developing and regulating methanol as an alternative marine fuel is set to be passed in early NovemberRiviera 

Louisiana Cameron LNG Terminal Reopens After Hurricane Delta

The first liquefied natural gas tanker to go to Cameron LNG’s export plant in Louisiana since Hurricane Delta was set to arrive on Tuesday. Golar Seal was currently sailing up the Calcasieu Ship Channel on its way to Cameron, according to Refinitiv ship tracking data. G Captain 

Plan for LNG Bunkering Terminal in Galveston Bay Taking Shape

Texas-based LNG supplier Pilot LNG has announced a partnership with GAC Bunker Fuels to potentially bring a dedicated LNG bunker terminal to Galveston Bay in Texas. G Captain



Ocean Plastic Pollution Could Triple By 2040

The amount of plastic waste flowing into the ocean and killing marine life could triple in the next 20 years, unless companies and governments can drastically reduce plastic production, a new study published on Thursday said. G Captain



Russian intelligence accused of bringing down Maersk’s IT infrastructure

Six Russian intelligence officers were charged by the US Justice Department with a string of hacking offences, including the NotPetyaransomware attack that cost Maersk, the world’s top containerline, hundreds of millions of dollars in lost revenues three years ago. Splash247


Nor-Shipping reports strong interest in 2021 exhibition

Nor-Shipping, Your Arena for Ocean Solutions, has announced that all of its available main and leading partnerships have been taken for its 2021 outing, taking place in Oslo and Lillestrøm 1-4 June. DNV GL and DNB have secured the roles of Main Partners, with Jotun, Wärtsilä, Astrup Fearnleys, KONGSBERG and Skuld signing up as Leading Partners. Tradewinds will return as Nor-Shipping’s Lead Media Partner, while The Norwegian Maritime Authority (Sjofartsdirektoratet) has been confirmed as the Ocean Leadership Conference Partner. ShipInsight

Posidonia Web Forum Week 2020 

The Week replaces the planned live Podisonia event and brings together leading media for a series of web conferences and forums taking place from 26-30 October 2020. Register 

IBIA Annual Convention 2020 – Going Global: Bunkering & Shipping in a New Era: 3 – 5 November 2020

To be held over three days, this dynamic event will include a virtual exhibition hall, access to extensive in-depth on-demand content, and a series of both regional and globally-focused live panel discussions with audience participation. View event details 


Share Insight:

You may also be interested in

The Tug of War & Bunker Prices

65 weeks ago

As tensions between Russia and Ukraine continue, the shipping industry is feeling the effects in a major way.

2 Min read

Read more

Request Bunker Prices on-the-go

67 weeks ago

Why a What's App Chat Feature is Essential for the Shipping Industry

2 Min read

Read more