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Marine Engine Maker Says it Falsified Fuel Consumption, Emissions Data for Decades

Marine Engine Maker Says it Falsified Fuel Consumption, Emissions Data for Decades

Government investigating after test results altered 'to make the fuel consumption data look better'.
  1. 25Apr
    Ships and ports included in $1.5 Billion package to support transition to zero-emissions. Read in Full
  2. 25Apr
    The box ships are set for delivery later this year. Read in Full
  3. 25Apr
    Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 18 – April 24, 2024. Read in Full
  4. 25Apr
    The firm has ordered the 20,000 m3 ships from Nantong CIMC Sinopacific Offshore & Engineering Co. Read in Full
  5. 25Apr
    About 1.7% of the VLSFO samples analysed by Verifuel in Q1 were found to be off-specification, the company tells Ship & Bunker. Read in Full
  6. 25Apr
    The company is looking for candidates with a commercial mindset and strong people skills. Read in Full
  7. 25Apr
    As part of ferry operator DFDS's plans for six alt fuel vessels. Read in Full
  8. 25Apr
    Romanian Black Sea port project in second phase of development. Read in Full
  9. 25Apr
    Engine being built in Japan under licence. Read in Full
  10. 25Apr
    The incident happened 15 nautical miles south-west of Aden at about 7:15 AM UTC on Thursday. Read in Full
  11. 25Apr
    TradeGo Pte Ltd's BunkerGo service has now been added to the list of whitelisted e-BDN service providers on the MPA's website. Read in Full
  12. 25Apr
    Officials from the Port of Rotterdam and Port of Antwerp-Bruges met representatives from VPS, TFG Marine, Metcore International and IBIA on Wednesday to discuss MFMs. Read in Full
  13. 25Apr
    The new hire was previously a marine fuel trader for Vilma Oil in Madrid from June 2017 to last month. Read in Full
  14. 25Apr
    Ship & Bunker's G20-VLSFO Index rose to the highest level since April 19 on Wednesday. Read in Full
  15. 24Apr
    Meanwhile, a huge U.S. stock draw is perceived as a one-off. Read in Full

Insights & Analysis More

  1. INSIGHT: Glander Valencia Office Plays Growing Role in Alternative Bunker Markets
    Apr 18
    Glander International Bunkering's Alvaro Sierra discusses the company's role in the marine energy transition and other industry developments.
  2. ANALYSIS: Singapore Q1 Bunker Demand Hits Record High on Red Sea Diversions
    Apr 15
    If the Q1 total were to be replicated over the rest of 2024, this year's total for Singapore would reach 55.14 million mt, up by 6.6% from 2023's record high.
  3. INTERVIEW: Monjasa Sees Further Volumes Growth and Staff Expansion in 2024
    Apr 15
    Monjasa group CFO Rasmus Knudsen discusses the firm's expectations for 2024 in an interview with Ship & Bunker.
  4. VIEWPOINT: We Have Too Many Junior Bunker Traders
    Apr 11
    Elboil's Can Ertem, writing in a personal capacity, argues the bunker industry is taking on too many junior traders.
  5. INTERVIEW: New IBIA Chairman Seeks Wider Engagement With Shipping Industry
    Apr 02
    New IBIA chairman Constantinos Capetanakis discusses improving relationships between bunker buyers and sellers, as well as plans for his two-year term, in an interview with Ship & Bunker.
  6. INTERVIEW: KPI OceanConnect's Jesper Soerensen on the Near, Medium, and Long Term Future of Marine Fuel
    Apr 02
    "We see that we need to be more engaged in the supply chain than we have traditionally been," Soerensen teslls Ship & Bunker.

Demand at the 17 hubs overall at 138.1 million mt in 2023, up by 1.8% on the year and the most since 2021.

Click to Read in Full

Baltimore Bridge Collapse

  1. FBI Opens Criminal Investigation Into Baltimore Bridge Collapse
    Apr 15
    The investigation is examining whether the crew left Baltimore with the knowledge that something could be wrong with the ship.
  2. NTSB Baltimore Investigation Now Focuses on Electrical Issues
    Apr 11
    Video footage of the incident showed lights on the ship going out just beforehand, and the US National Transportation Safety Board is now looking at the possibility of electrical failure.
  3. IBIA Chairman: Bunker Speculation Will Be Detrimental to Baltimore Bridge Collapse Investigation
    Apr 08
    IBIA will address the IMO Maritime Safety Committee meeting in May to speak out against speculation on the topic, Chairman Constantinos Capetanakis tells Ship & Bunker.
  4. US Army Expects Full Reopening of Port of Baltimore by End of May
    Apr 05
    Engineers from the US Army Corps of Engineers are working with local, state and federal partners to clear the wreckage of the Francis Scott Key Bridge.
  5. Preliminary Report on Baltimore Bridge Collapse to Be Released 'Within Days': Report
    Apr 05
    The NTSB's full report is likely to take more than a year to prepare, but early findings may be released next week.

Red Sea Attacks

  1. UK Reports New Ship Attack in Gulf of Aden
    Apr 25
    The incident happened 15 nautical miles south-west of Aden at about 7:15 AM UTC on Thursday.
  2. New Ship Attack Reported Near Djibouti
    Apr 24
    The incident happened 72 nautical miles south-east of Djibouti at about 9 AM UTC on Wednesday.
  3. Iranian Ship Linked to Houthi Attacks Returns to Iran
    Apr 19
    US defense officials have accused the Iranian-flagged vessel of gathering intelligence on commercial ships passing through the Red Sea and Gulf of Aden to pass on to Yemen's Houthi movement.
  4. INTERVIEW: Monjasa Sees Further Volumes Growth and Staff Expansion in 2024
    Apr 15
    Monjasa group CFO Rasmus Knudsen discusses the firm's expectations for 2024 in an interview with Ship & Bunker.
  5. MSC Ship Boarded by Iranian Forces Near Strait of Hormuz
    Apr 13
    A seizure of a ship by Iran would point to a significant widening of the threat to global shipping from current geopolitical tensions.

Top Stories More

  1. INTERVIEW: Monjasa Sees Further Volumes Growth and Staff Expansion in 2024
    Apr 15
    Monjasa group CFO Rasmus Knudsen discusses the firm's expectations for 2024 in an interview with Ship & Bunker.
  2. Denmark Bans Scrubber Washwater Discharge
    Apr 11
    The ban will take effect from July 1, 2025 at a distance of up to 12 nautical miles from the Danish coast.
  3. Monjasa Reports Second-Highest Profits in Firm's History in 2023 as Volumes Climbed
    Apr 09
    The firm saw strong volumes gains in the Americas and Asia last year, offset by declines in Northwest Europe and the Mediterranean.
  4. IBIA Chairman: Bunker Speculation Will Be Detrimental to Baltimore Bridge Collapse Investigation
    Apr 08
    IBIA will address the IMO Maritime Safety Committee meeting in May to speak out against speculation on the topic, Chairman Constantinos Capetanakis tells Ship & Bunker.
  5. Bunker Holding Plans to Set Up LNG Physical Bunker Supply Firm
    Apr 03
    The company plans to charter LNG bunker barges as part of setting up the new unit.

Decarbonisation and Alternative Marine Fuels & Power More

  1. MPCC Gets Sustainable Finance Deal for Methanol Newbuilds
    Apr 25
    The box ships are set for delivery later this year.
  2. Battery-powered Ferries in Operation on UK-Continental Routes by 2030
    Apr 25
    As part of ferry operator DFDS's plans for six alt fuel vessels.
  3. New Maersk and Green Marine Partnership Aims to be Leading Provider of Training for Alt-Bunker Fuels
    Apr 24
    The pair has partnered to establish Maersk Training powered by Green Marine.
  4. Swedish Bank SEB Encourages Uptake of Alt-Bunker Fuels with New Emissions Target for Shipping Portfolio
    Apr 24
    SEB says the emission intensity of its shipping portfolio must be reduced by 41% by 2030 compared to the base year 2022.
  5. California Ports Widen Use of 'Sock on Stack' Emissions Capture System for At-Berth Ships
    Apr 24
    The STAX system is to be used at the ports of Benicia, Los Angeles, Long Beach and Oakland.

Latest Bunker Prices See All Bunker Prices

VLSFO MGO IFO380
$/mt +/- $/mt +/- $/mt +/-
Global 4 Ports Average 631.00 1.00 804.00 0.50 503.00 4.00
Global 20 Ports Average 662.00 2.00 855.00 1.50 549.00 5.50
Global Average Bunker Price 717.50 0.50 913.50 1.00 572.50 2.50
Singapore 649.50 2.00 778.50 8.50 522.50 5.50
Rotterdam 602.00 0.50 748.00 6.00 490.50 3.50
Fujairah 649.50 2.00 898.00 3.00 505.00 5.00
Houston 624.00 5.00 792.00 3.50 493.50 1.50
Busan - login to view prices or
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Durban - login to view prices or
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Gibraltar 645.50 1.50 - 562.50 4.50
Hong Kong 651.00 1.50 790.00 5.00 527.50 8.00
Istanbul 682.00 3.00 884.50 3.00 614.50 1.50
LA / LB 701.50 2.00 877.50 8.50 513.00 1.00
Las Palmas - login to view prices or
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Mumbai - login to view prices or
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New York 654.50 1.00 813.00 2.00 534.00 2.00
Cristobal, Panama - login to view prices or
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Piraeus 691.50 0.50 853.00 0.50 537.00 2.00
Santos 665.00 2.00 1072.50 7.00 -
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