Blog
The latest energy, maritime and bunker industry news worldwide.

Shipping Demand Recovering but COVID to Have Long-Term Effect
While it was originally expected that the shipping industry would be affected by COVID-19 for months, German container shipping firm Hapag-Lloyd is benefitting from a

China’s Demand Keeping the Dry Bulk Market Going
An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand around the globe. In recent months, the

Bunker Prices Still on the Decline
Slowing economic activity around the world, restricted mobility, fears of the second wave of COVID-19 and a potential trade war are all contributing to a

Port of Long Beach Reports Best August on Record
The U.S.\’ second busiest container port, the Port of Long Beach, just recorded its best August in its 109-year history. “August marked another great month

Bunker Prices Remain Stable as Demand During 2020 is Down 17%
Despite strong economic data from China, a weaker U.S. dollar and reports of more economic stimulus discussions in key markets, there are no drastic changes

U.S. Coast Guard Joins Ecuador to Deter Illegal Fishing Off Galapagos
The U.S. Coast Guard Cutter Bertholf recently completed a joint patrol with the Ecuadorian Navy to detect and deter illegal fishing in the Galapagos Islands.

COVID-19 Intensifies Global Shipping Risks
The global shipping industry, one of the most important economic sectors, is responsible for transporting as much as 90 percent of goods needed for world

Oil Prices Set For Biggest Weekly Drop Since June
Oil is on track to report its biggest weekly drop since June amid various demand concerns. Reuters recently reported that Brent crude LCOc1 was up

Another Challenging Year Ahead for Container Shipping
According to Drewry, 2020 will prove another challenging year for container shipping in terms of capacity management. However, the consultant claimed the industry would be

U.S. Updates IMO 2020 Enforcement Policy
The United States has begun strict enforcement of the IMO 2020 fuel sulfur emissions cap, which could result in harsh penalties for vessel operators caught

New Regulations Impacting Bunkering at High Seas in the Central and Western Pacific
As of January 1, 2020, purse seine vessels seeking a license to fish in PNA EEZs are no longer allowed to conduct any bunkering or

Ship Owners Face A Stiff Challenge
The most significant regulation for international shipping industry regarding air emissions is the recent IMO Global Sulphur Cap to reduce air pollution from ships. In