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IMO 2020 Premium Evaporates, Price Paid for Bunkers in March 20% Lower than in 2019

IMO 2020 Premium Evaporates, Price Paid for Bunkers in March 20% Lower than in 2019

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Source: https://shipandbunker.com/news/world/671243-imo-2020-premium-evaporates-price-paid-for-bunkers-in-march-20-lower-than-in-2019 The premium for IMO 2020 bunkers evaporated in March with the average price paid for bunkers in major ports 20% lower last month compared to March 2019, according to Ship & Bunker Data. The introduction of a global 0.50% sulfur cap on January 1, 2020 means most
ABB to Develop Hydrogen Fuel Cell for Ships

ABB to Develop Hydrogen Fuel Cell for Ships

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Source: https://shipandbunker.com/news/world/392420-abb-to-develop-hydrogen-fuel-cell-for-ships Technology company ABB has signed a memorandum of understanding with hydrogen technology specialist Hydrogène de France to develop fuel cell systems for ships, the company said Wednesday. The two companies will collaborate closely on the assembly and production of megawatt-scale fuel cell power plants for ships, ABB
No Weakening of Shipping GHG Targets Expected Despite Industry’s Economic Woes

No Weakening of Shipping GHG Targets Expected Despite Industry’s Economic Woes

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Source: shipandbunker.com/news/world/152550-no-weakening-of-shipping-ghg-targets-expected-despite-industrys-economic-woes Meetings at the IMO's headquarters in London have been indefinitely postponed during the COVID-19 pandemic. Image Credit: Ship & Bunker Despite the dramatic change in economic outlook brought about by plummeting oil prices and measures to counter the Covid-19 pandemic, any weakening of
Oil Slips Despite Historic Production Cut Deal, While Business Questions Draconian Virus Measures

Oil Slips Despite Historic Production Cut Deal, While Business Questions Draconian Virus Measures

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Source: www.shipandbunker.com/news/am/980544-oil-slips-despite-historic-production-cut-deal-while-business-questions-draconian-virus-measures Meanwhile, the G-20 prepares for extraordinary meeting: File Image/PixaBay No sooner did traders cause oil prices to rise again early on Thursday on the expectation the world's largest producers would agree to cut production than their expectations were fulfilled, with the Organization of the Petroleum Exporting
Africa: South Africa’s Commercial Ports Remain Open But Traffic Down Significantly

Africa: South Africa’s Commercial Ports Remain Open But Traffic Down Significantly

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Source: https://www.bunkerspot.com/africa/50270-africa-south-africa-s-commercial-ports-remain-open-but-traffic-down-significantly Although all of South Africa's main commercial ports remain open for business and bunkering operations continue, the coronavirus outbreak has led to a significant drop in cargo volumes and restrictions on crew changes. Chrystel Bassett-Simmonds, a member of the IBIA executive committee and