Maritime World

Image Credit: Ship & Bunker Repost: The bunker industry is facing gloomier prospects in 2023 after the windfall seen last year. 2022 brought record prices and record margins for the industry as the consequences of the war in Ukraine drove global oil-supply concerns. Shipping and bunker companies lined up shortly …

Image Credit: Ship & Bunker Repost: Mass flow meters used for bunker supply at the ports of Rotterdam, Antwerp and Zeebrugge will need to meet standards from the International Organization of Legal Metrology (OIML) when their use becomes mandatory in the next few years, according to industry body IBIA. The …

Image Credit: Manifold Times Repost: 5 January 2022 Prompt supply getting tight in the Houston area Thick fog disrupts Houston Ship Channel vessel traffic Suppliers in GOLA work to clear backlogs North America Several suppliers in the Houston area have rushed to clear backlogs from recent fog disruptions. Thick fog …

Image Credit: Ship & Bunker Repost: Oil prices finished the first week of 2023 incurring a weekly loss due to familiar fears that gripped traders throughout 2022, namely, recession concerns brought about by world banks raising interest rates to curb inflation. Brent fell 12 cents, or 0.2 percent, to settle …

Image Credit: Maritime Fairtrade Repost: As global trade declined during the second half of 2022, in response to severe economic headwinds in many countries and the continued effects of the Covid-19 pandemic, the GSF/MDS Transmodal Container Shipping Market Review reflected the impacts on the activity and fortunes of shippers of …

Image Credit: Manifold Times Repost: The Panama Maritime Authority (AMP) on Tuesday (6 December) denied recent publications in which reference is made to an alleged concession for the exclusive sale of bunkers to vessels that use the facilities of the Panama Cruise Port. “We clarify to the country that the …

Image Credit: Ship & Bunker Repost: The European Union‘s upcoming ban on the import of Russian refined products may have an indirect impact on VLSFO via the vacuum gasoil (VGO) market. The EU is set to impose its ban on Russian products imports on February 5, having already banned crude …

Image Credit: Ship & Bunker Repost: Global bunker demand gained about 3.8% last year as the global economy started to recover from the COVID-19 pandemic, but total sales remained just short of the level seen in 2019, according to the latest data from the International Maritime Organization. The data comes …

Repost: The last trading day of 2022 saw analysts noting a year of the biggest weekly swings for crude on record – and preparing for the New Year by staging a rally for two key commodities, with West Texas Intermediate settling above $80 per barrel. Brent on Friday settled up …

Image Credit: Maritime Executive Repost: China State Shipbuilding Corporation (CSSC) is wrapping up 2022 highlighting its successes at both growing its volume of new ships delivered during the year as well as growing its backlog despite global challenges. The company says based on preliminary statistics for the year that its …