World News

New CEO for Container Line AP Moller-Maersk

Vincent Clerc will take over as CEO from Soren Skou as of January 1.

12 Dec 2022

Crude Posts Biggest Weekly Loss Since April Amid Pipeline Restarts

Even the possibility of Russia reducing output didn't ease bearish sentiment.

9 Dec 2022

P&I Clubs Issue Guidance on Russian Oil Price Cap

As part of the new scheme's compliance requirements, Clubs, shipowners and charterers will be required to check the price of Russian oil cargoes on board ships they own, charter, or insure.

9 Dec 2022

28 Countries Speak in Favour of 2050 Net Zero Target at IMO Working Group

This week the IMO held a meeting of its intersessional working group on GHGs, ahead of MEPC 79 next week where the Group's findings will be discussed.

9 Dec 2022

'Clear Performance Standards' Needed For FuelEU Maritime Regulation: WSC

The regulation will need to include 'clear performance standards' to drive the uptake of renewably produced marine fuels, according to the WSC, Danish Shipping and the Methanol Institute.

9 Dec 2022

Bill Gates-Backed Blue World Technologies Expands Maritime Fuel Cell Market Presence

The company has designed a methanol fuel cell-powered auxiliary power unit for ships.

9 Dec 2022

EXTERNAL: KPI OceanConnect Re-activates Charity Initiative to Support Causes Chosen by its Global Team

KPI OceanConnect will donate $50 for every deal made in a 50-day period between November 11 and December 31.

9 Dec 2022 · KPI OceanConnect

Oil Continues Downward Plunge Despite China Reforms, Keystone Outage

Meanwhile, Russia reiterates that price cap is of minimal concern.

8 Dec 2022

IMO Launches Online Course to Help Seafarers Reduce Bunker Consumption

The course is free and based online.

8 Dec 2022

Weekly Vessel Scrapping Report 2022: Week 48

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from December 1 – December 7, 2022.

8 Dec 2022

AIS Data Can Help Estimate Ships' Emissions to Within 10% Margin of Error: Signal Ocean

The firm uses AIS data to estimate vessel emissions, taking into account stops for bunker operations, idle times, repairs, loads and discharge operations.

8 Dec 2022

Scrubber Manufacturer Clean Marine Ramps Up Production on Wider Price Spreads

The firm expects the VLSFO-HSFO spreads to remain 'lucrative' next year.

8 Dec 2022

'Stronger-Than-Expected' Annual Profit for TFG Marine

The supplier is now operational at 35 bunkering hubs.

8 Dec 2022

Oil Takes Another Plunge Despite China Rethinking Zero Tolerance Policy

The bearish sentiment is fuelled by likelihood of a recession in the New Year.

7 Dec 2022

Don't Use CII Framework as Benchmark for IMO Decarbonisation Measures: INTERCARGO

While the organisation is supportive of the measure in the short term, its members believe it would not deliver equitable emissions reductions if used as a framework for future regulations.

7 Dec 2022

CMA CGM May Double Methanol-Fuelled Boxship Order

The company announced an order of six 15,000 TEU dual-fuel ships with methanol propulsion in July.

7 Dec 2022

Annual Bunker Sales in Vladivostok Fall by a Quarter

In 2022 over previous year.

7 Dec 2022

EDF, ZESTAs to be Latest NGOs Taking on Consultative Status at IMO

The status allows the EDF and ZESTAs to attend IMO meetings and provide input into the organisation's work developing regulations.

7 Dec 2022

Shift Clean Energy to Fit Battery System to Fast Offshore Vessel

Shift is working with Japan's Terasaki Electric Co on the project.

7 Dec 2022

Oil's Gains For 2022 Wiped Out Tuesday On Recession, Other Fears

But the Middle East is thriving in an inflationary world.

7 Dec 2022