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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 drop in oil prices over the past week. The World Bunker Index MABUX has declined for a week. • The 380 HSFO index fell from 310 to 293 USD/ MT […]

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 for the port, but we must remain vigilant about the global pandemic’s lasting effects,” said Mario Cordero, Executive Director of the Port of Long Beach. This boost comes at the

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 in registered bunker prices. This lack of change follows predictions that global bunker demand may have dropped by as much as 17% this year. At certain locations, the impact of

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. This decision comes after a large fleet of Chinese fishing vessels has established a presence just outside of Ecuador\’s EEZ. From Aug. 25th to 29th, Bertholf patrolled over 3,000 square

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 trade. The number of reported total shipping losses of vessels over 100 gross tons (GT) declined in 2019 to 41 – the lowest total this century and a nearly 70

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 by $0.05 (0.1%) to $44.12 a barrel while US West Texas Intermediate (WTI) CLc1 fell $0.03 to $41.34 a barrel. According to the agency, Brent crude LCOc1 is heading for

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 able to cope. Drewry calculates that 1.2 million teu of capacity will be added to the fleet this year, of which almost half comprises twenty-three 20,000-plus teu ULCVs for HMM,

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 sidestepping the new regulation. In new guidance issued by the U.S. Coast Guard (USCG), vessels calling on U.S. ports will be expected to carry documents showing they burning IMO 2020

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 provisioning activities in the High Seas of the Western and Central Pacific Fisheries Commission Convention Area east of 130 degrees East. The vast closure, in which limited longlining will still

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 October 2016 the International Maritime Organisation (IMO) agreed to January 01, 2020 as the effective date for implementation of the regulation by ships to comply with global 0.50% sulphur content