NGOs Urge Action on Arctic Fuel oil ban
by Ship & Bunker News Team
Thursday May 20, 2021 Environmentalists have called on Arctic countries to eliminate heavy fuel oil (HFO) from the Arctic region. The call, from a group of non-governmental organisations (NGOs), comes ahead of an
Arctic Council meeting set for this week.
Clean Arctic Alliance s
Sian Prior said the meeting was a unique opportunity for foreign ministers to act. International Maritime Organisation. if progress is to be made in dealing with the impact of shipping in the Arctic and protecting the remaining Arctic summer sea ice , according to maritime news website Shipinsight.
Majority of VLCCs Will Have Scrubbers by 2025: Alphatanker
by Ship & Bunker News Team
Friday May 14, 2021 A majority of VLCCs will have scrubbers equipped by
2025, according to shipping intelligence service
Alphatanker. BRS. Considering that BRS data imply that by 2025 the majority of the VLCC fleet will be scrubber-equipped (this is not forecast to occur in any other segment), there is now a real case for the Baltic Exchange to introduce parallel scrubber-fitted TCE assessments for VLCC voyages, Alphatanker said. The current forward curve for bunker prices in
Singapore suggests the VLSFO-HSFO spread there will average
$123/mt over the next
12 months, the company added, further boosting the case for scrubbers.
BIMCO Sees Product Tanker Scrapping Hitting Record High This Year
by Ship & Bunker News Team
Wednesday May 12, 2021 Oil product tanker scrappage is on the rise. Image Credit: BIMCO The number of oil product tankers leaving the global fleet may reach a record high this year after a prolonged period of low earnings, according to shipping industry body
BIMCO. A total of four months of
2021, BIMCO said in a research note on its website this week, the same level as the annual total for
2019 and 2020. If that pace continues for the rest of the year, an 11-year record is set to be broken,
Illegal Malaysian Anchoring Mistaken in Most Cases: Gard
by Ship & Bunker News Team
Thursday April 29, 2021 Most cases in the recent wave of Malaysian vessel arrests over illegal anchoring in their waters came down to mistakes over the ship s location, according to insurance association
Gard.
East Johor without prior permission. In nearly all the cases Gard has handled, mariners had mistakenly understood their anchoring position to be outside Malaysian territorial waters, the insurance association said in a statement on its website this week. These waters are sometimes referred to as Singapore OPL East, or sometimes even international waters. Getting a vessel released after its arrest in these circumstances can take anything between a few days and a few weeks, Gard said, and fines can cost up to about