World News

MOL Reports Wind Challenger Sail Operation Rate of 70% on Maiden Voyage

The Shofu Maru arrived at Newcastle, Australia on October 24 on the vessel's maiden voyage after delivery.

9 Nov 2022

Environmental Group Takes Aim at Walmart Over Maritime Emissions

The organisation criticised Walmart's not joining either the Green Shipping Challenge or the First Movers Coalition as part of COP27 events in Egypt this month.

9 Nov 2022

EIA Sees Brent Crude at Average $95/bl in 2023

Applying this year's premiums to the new EIA forecast would put average global VLSFO prices next year at about $811/mt, according to Ship & Bunker data.

9 Nov 2022

Oil Resumes Losses On Word Of Covid Increases In China

But some analysts remain focused on low global supplies and a cold winter.

8 Nov 2022

Methanol-Fuelled Ship Orders Outnumber LNG in October

A total of just eight LNG-fuelled ships were added to the orderbook in October.

8 Nov 2022

MPC Container Ships Takes on CO2 Management Software From Zero44

The software helps shipping companies optimise their vessels to reduce emission, with a view to compliance with the upcoming CII and EU ETS regulations.

8 Nov 2022

Christiana Shipping Sees 17-20% Fuel Saving From Frugal Propulsion System

The company now plans to install the system on all 13 of its ships.

7 Nov 2022

Japanese Port to Develop LNG Bunkering, Cold Ironing

As part of deal with French box ship operator.

7 Nov 2022

China Policy Shift Rumours Cause Oil Price Surge, But Demand Fears Linger

Interest rate hikes are still driving demand fears.

4 Nov 2022

DHL Takes on 60 Million Litres of Biofuel From GoodFuels

The purchase will cut DHL's emissions by 180,000 mt of CO2 equivalent on a tank-to-wake basis by 2024.

4 Nov 2022

Biotechnology Firm Integrates New Barnacle Repelling Agent Into Antifouling Coatings

The firm has worked with Research Institutes of Sweden for the past five years on projects seeking to improve the use of Sekotape.

4 Nov 2022

Fratelli Cosulich Takes €29.5m Loan to Support LNG Bunker Barge Construction

The lending will cover 70% of the construction costs of a new 5,300 DWT delivery vessel with 8,200 m3 of LNG capacity and 500 m3 of MGO capacity.

4 Nov 2022

Back To Losses For Oil As Sentiment Pendulum Swings Back To Demand Fears

Meanwhile, locked down China awaits a glut of incoming crude supplies.

3 Nov 2022

RINA Gives Thumbs-Up to LNG Onboard Carbon Capture System

The system takes bio-LNG fuel, extracts carbon from it to leave a hydrogen-rich gas, and then powers the ship's engine by running this gas through a fuel cell.

3 Nov 2022

RightShip Adds EEXI Update to GHG Rating Tool

The update encompasses Energy Efficiency Existing Ship Index (EEXI) values, as well as Existing Vessel Design Index (EVDI) and the Energy Efficiency Design Index (EEDI).

3 Nov 2022

Weekly Vessel Scrapping Report 2022: Week 43

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from October 27 – November 2, 2022.

3 Nov 2022

Tanker Fuel Cell Retrofit Project Wins EUR 5 Million Funding

The project will seek to retrofit a tanker with a hydrogen-powered fuel cell.

3 Nov 2022

VPS: The Importance of Bunker Fuel Chemical Screening

Steve Bee of global testing firm VPS sets out how bunker fuel screening can be deployed to avoid fuel-quality problems.

3 Nov 2022

Oil Prices Defy Fed Reserve Hike And Rise On Evidence Of Resilient Demand

But analysts are still worried about demand destruction.

2 Nov 2022

Maersk Q3 Bunker Consumption Drops by 4.8% on Year

The firm consumed a total of 2.68 million mt of bunkers in the three months to September 30.

2 Nov 2022