News and Information

The global shipping sector has experienced far-reaching negative impacts as a result of the Covid-19 pandemic, but most players in the industry believe it will recover within the next two years.

Shipowners and operators are increasingly incorporating fleet management tools into their operations as they seek to maximize efficiencies, both in the home office and on their ships. As they grow more comfortable with the benefits of the technology, they are looking for more sophisticated solutions.

Demand at marine fuel hubs sank by just over 9% overall in second quarter at the peak of the Covd-19 crisis, according to a market survey of bunker sales volumes in 16 leading global bunkering locations...Plus many more stories from across the maritime press this week.

Scorpio Bulkers, the major ocean transporter for the dry commodities industry, is tapping into increasing demand for renewable energy with an investment in the logistics of offshore wind farms. Plus many more of this weeks top maritime stories.

The European Parliament voted yesterday in favour of including greenhouse gas emissions from shipping in the European Union’s carbon market from 2022, potentially one of the biggest rule changes to hit the industry for years.

Bulugo's selection of top news articles from across the maritime industry this week, including Bunkers, Future Fuels, Lubricants and more.

This week's Bunker Fuel and Maritime news round up: Shipping volumes are already back at levels that took more than a year to reach following the collapse of Lehman Brothers Holdings Inc., hinting at a V-shaped recovery

Indian state-owned oil and gas corporation Chennai Petroleum Corporation Limited (CPCL), has successfully produced a batch of IMO 2020 compliant low sulphur bunker fuel and is ready to supply to vessels at port.

In an industry survey carried out by BIMCO, the International Chamber of Shipping (ICS), INTERCARGO and INTERTANKO, 22% of respondents said that low sulphur fuel oil had been de-bunkered as a consequence of 0.50% sulphur fuel oil properties.

High Sulfur fuel oil (HSFO) is now taking up almost a quarter of bunker demand at the world’s largest bunkering hub. Sales were 24% of the total for Singapore.