World News

Air Lubrication Firm Silverstream Technologies Appoints CFO

Andrew Derodra has joined the firm as CFO in London as of last month.

16 Sep 2022

Oil Price Recovery Evaporates As China Considers Increasing Fuel Exports

But Stephen Schork thinks prices will soon bounce back beyond $100.

15 Sep 2022

Weekly Vessel Scrapping Report 2022: Week 36

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from September 8 – September 14, 2022.

15 Sep 2022

HSFO Demand Increase May Be Behind Rise in Off-Spec Sulfur Claims: Cockett

Some 38% of the claims seen by Cockett so far this year have been over sulfur content.

15 Sep 2022

16% of Distillate Sales Still Against 2005 ISO Specifications: Integr8

Supplier has released a quality report giving details of the bunker fuel deals it has facilitated over the past six months.

15 Sep 2022

Oil Rebounds On China Restriction Relaxation As Analyst Predicts Less Market Volatility

Prices also increased on Washington's vow to refill SPR if oil declines below $80.

14 Sep 2022

Maersk Supply Service Rolls Out Biofuel Offering After Successful Trial

The company's new ECO Offshore service will allow its customers to reduce carbon emissions from offshore operations through its use of biofuels.

14 Sep 2022

IMO to Host Second Green Fuels Symposium

The event, on October 21, will focus on ensuring a just and inclusive transition towards low-carbon shipping.

14 Sep 2022

Peninsula Takes on Veson Nautical Software to Manage Bunker Shipments

The company has chosen commercial maritime software and services provider Veson Nautical to optimise its business operations.

14 Sep 2022

Recession Fears Return To Spook Traders As Oil Declines Nearly 1%

Still, analysts see oil hitting $125-$150 next year.

13 Sep 2022

Bunker Holding to Join Ten Green Fuel Projects by End of 2023

The firm published an ESG report for the first time on Tuesday, setting out its performance in the 2021/22 financial year against a range of ESG measures.

13 Sep 2022

Maersk Hires Senior Future Fuels Manager

Tommy Lykke Wind has joined the firm as senior future fuels manager in Copenhagen as of this month.

13 Sep 2022

Bullish Sentiment Buoys Oil Prices As Analysts Focus On Tight Market Conditions

Meanwhile, a shrinking Japanese populace prompts a key refiner to plot a downgrade.

12 Sep 2022

Shift Clean Energy Joins Forces With Norway's STADT on Battery-Powered Shipping

The two companies are set to work together to delivery sustainable propulsion and energy storage solutions for the marine industry.

12 Sep 2022

Logistics Firm Takes Offsets From Hapag-Lloyd's Use of Biofuel

The firm has signed a deal with Hapag-Lloyd for an offset allowance equivalent to 100 TEU per week shipped on vessels running on biofuel.

12 Sep 2022

La Rochelle Sees First LNG Bunkering of New Gas-Powered Cruise Ship

The company bunkered the first LNG-fuelled cruise ship built at the Chantiers de l'Atlantique facility in La Rochelle on Saturday.

12 Sep 2022

Color Line Books Fuel Efficiency Upgrades for Two Passenger Car Ferries

The firm has ordered engineering company Elomatic's Elogrid solution for the two vessels.

12 Sep 2022

Technology Firm Freudenberg Wins RINA Approval for Methanol Fuel Cell System

The company has been awarded approval in principle from RINA for the system, which is set to be the world's first.

12 Sep 2022

Oil Makes Daily Gains But Incurs Second Weekly Decline Amid Demand Worries

Meanwhile, G-7 wants a heavier buy-in before following through on gas cap.

9 Sep 2022

Hydrogen Shipping Firm Wins Chevron Investment in Funding Round

The firm's series A funding round closed this week with investments led by Chevron New Energies as well as support from US shipping and logistics company Crowley.

9 Sep 2022