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StormGeo Estimates it Cut Total Global Bunker Demand by More than 1% Last Year
StormGeo Estimates it Cut Total Global Bunker Demand by More than 1% Last Year
More than 12,000 ships currently use StormGeo's software.
24 Nov 2022
Weekly Vessel Scrapping Report 2022: Week 46
Weekly Vessel Scrapping Report 2022: Week 46
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from November 17 – November 23, 2022.
24 Nov 2022
Premium for Methanol-Fuelled Ships Much Lower than for LNG: DNV
Premium for Methanol-Fuelled Ships Much Lower than for LNG: DNV
DNV has updated its 'Alternative Fuels for Containerships' document with an additional chapter on methanol propulsion.
24 Nov 2022
Propeller Cone Fin Installations Save 3-5% in Fuel Consumption: Hydrex
Propeller Cone Fin Installations Save 3-5% in Fuel Consumption: Hydrex
The equipment can pay for itself within a few months, according to engineering company Hydrex.
24 Nov 2022
More Oil Price Woes As Extent Of Watered Down Russian Price Cap Is Revealed
More Oil Price Woes As Extent Of Watered Down Russian Price Cap Is Revealed
Meanwhile, U.S. demand for gasoline appeared to be waning.
23 Nov 2022
IBIA CONVENTION: Market Downturn Not Yet Slowing Shipping's Green Transition
IBIA CONVENTION: Market Downturn Not Yet Slowing Shipping's Green Transition
Almost every discussion at last week's convention ended up turning to the theme of decarbonisation before long, and speakers said the current downturn was not yet sharp enough to postpone the green transition.
23 Nov 2022
Quadrise Targets Net Zero Emission Emulsion Fuel by 2030
Quadrise Targets Net Zero Emission Emulsion Fuel by 2030
The firm's work with biofuels specialist Vertoro may be one pathway to the goal.
23 Nov 2022
Report Identifies Areas Most at Risk from Ammonia Bunker Spill
Report Identifies Areas Most at Risk from Ammonia Bunker Spill
NGO the Environmental Defense Fund, Lloyd's Register and Ricardo PLC collaborated to produce the new report.
23 Nov 2022
IBIA CONVENTION: Bunker One USA Sees 30-40% Increase in Barge Renewal Costs
IBIA CONVENTION: Bunker One USA Sees 30-40% Increase in Barge Renewal Costs
Georgia Kounalakis, managing director of Bunker One USA, mentioned the rising costs in a panel session at the IBIA Annual Convention 2022 in Houston last week.
23 Nov 2022
Maersk Plans to Shift 25% of Cargo Using Green Fuels by 2030
Maersk Plans to Shift 25% of Cargo Using Green Fuels by 2030
The company's target is to transport a minimum of 25% of its ocean cargo using green fuels by 2030.
23 Nov 2022
Oil Ekes Out Minuscule Gains On The Aftermath Of Saudi Hard Line
Oil Ekes Out Minuscule Gains On The Aftermath Of Saudi Hard Line
Meanwhile, a neutered Russian price cap scheme is unveiled.
22 Nov 2022
IMO to Discuss Role of Carbon Capture to Meet GHG Targets at Key Meeting Next Month
IMO to Discuss Role of Carbon Capture to Meet GHG Targets at Key Meeting Next Month
The UN body does not yet have a firm position on the technology's status, but some submissions on carbon capture from member states will be discussed at the Marine Environment Protection Committee meeting in December.
22 Nov 2022
IBIA CONVENTION: Access to Credit Will Require Improved Compliance and Transparency in 2023
IBIA CONVENTION: Access to Credit Will Require Improved Compliance and Transparency in 2023
"I think the elephant in the room is fraud," Point Bonita Capital's Ross Berger told a panel session at the IBIA convention last week.
22 Nov 2022
IBIA CONVENTION: Gloomy Forecasts for Bunker Industry's Prospects in 2023
IBIA CONVENTION: Gloomy Forecasts for Bunker Industry's Prospects in 2023
The inflation that came alongside this year's advance in energy markets is now raising concerns over the central-bank response bringing a global recession.
22 Nov 2022
IBIA CONVENTION: Boxship Bunker Demand 'Down 20% on Year'
IBIA CONVENTION: Boxship Bunker Demand 'Down 20% on Year'
Hartree's Marc Holm sees inflation as the main driver for weaker boxship demand.
22 Nov 2022
IBIA CONVENTION: Uncertainty Over How to Implement Bunker Industry Code of Conduct
IBIA CONVENTION: Uncertainty Over How to Implement Bunker Industry Code of Conduct
IBIA is in the process of revising its code of ethics into an enforceable code of conduct.
22 Nov 2022
Industry Bodies Unite on EU-ETS Well-to-Wake Approach Message
Industry Bodies Unite on EU-ETS Well-to-Wake Approach Message
The industry bodies argue it is 'crucial' for the EU-ETS regulation to take in a full well-to-wake picture of the emissions footprint of alternative fuels.
22 Nov 2022
Oil Flat As Demand Fears Collide With Supply Shortage Angst
Oil Flat As Demand Fears Collide With Supply Shortage Angst
Meanwhile, the countdown for the Russian price caps implementation has begun.
22 Nov 2022
Regulations, Not Availability, Holding Back Uptake of Carbon Neutral Bio-LNG: SEA-LNG
Regulations, Not Availability, Holding Back Uptake of Carbon Neutral Bio-LNG: SEA-LNG
"Bio-LNG can help decarbonize shipping today," the group says.
21 Nov 2022
IBIA CONVENTION: Maersk Open to Ammonia Bunkers at Later Date
IBIA CONVENTION: Maersk Open to Ammonia Bunkers at Later Date
The firm sees methanol as a 'medium-term' choice, but sees other options on the horizon.
21 Nov 2022
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