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Euronav, which has a fleet of more than 70 owned and operated tankers, recently completed one of the...

The range of possible blending components for 0.5% sulfur fuel oil and the impact this has on the fuel parameters is undermining the market’s appetite to hedge against VLSFO price volatility some 18 months after the IMO rules came into place to ensure ships used compliant marine fuel. The unpredictability around very low sulfur fuel ...

Euronav Supports Biofuel Bunkers, Remains Doubtful of Carbon Capture by Ship & Bunker News Team Friday May 21, 2021 Tanker company Euronav has set out some of its views on the future shape of the bunker market, suggesting biofuels may have a big role but expressing scepticism over the potential for carbon capture systems to be used on ships. Rustin Edwards, VLSFO ma European Bunker Fuel Virtual Conference on Thursday. "I think that biofuel will make a significant penetration, especially in the early stages of decarbonisation, because it is widely available," Edwards said at the conference....

Conversation Begins About Who Will Pay for Suez Canal Crisis Tug boats pull the Ever Given containership along the Suez Canal after dislodgement on March 29. (Islam Safwat/Bloomberg News) [Ensure you have all the info you need in these unprecedented times. Subscribe now.] The Suez Canal may be open again, but the battle over damages from the waterway’s longest closure in almost half a century is just beginning. With cargoes delayed for weeks if not months, the blockage could unleash a flood of claims by everyone affected, from shipping lines to manufacturers and oil producers. “The legal ...

Three of OPEC’s biggest oil producers raised monthly pricing for shipments to Asia, their largest regional buyer, after markets tightened on Saudi Arabia’s plan to slash output.