World News

Green Groups Push for Tightening of Shipping's Decarbonization Timeline Ahead of MEPC78

MEPC78 begins in London on Monday June 6.

3 Jun 2022

Oil Rises On Disappointing Reaction To OPEC Output Boost

Analysts say the move is all about politics and little to do with declining stocks.

2 Jun 2022

ZeroNorth Plans More Acquisitions After Taking on $50 Million of Additional Investment

The firm has taken on more capital from existing investors AP Moller Holding and Cargill, as well as new investment from equity company PSG Equity.

2 Jun 2022

Dutch Testing Firm Acquires Emissions Verification Company Verifavia

Verifavia was one of the first organisations to offer EU MRV services to shipping, as well as verifying IMO emissions data collection for several flag states.

2 Jun 2022

Hydrogen Fuel System for Cruise Ship Wins DNV Approval

The system was created as part of the FreeCO2ast project seeking to develop a hydrogen energy system for two coastal cruise vessels owned by Norway's Havila Kystruten.

2 Jun 2022

30 More LNG-Fuelled Ship Orders Noted in May: DNV

May's total of 30 new orders follows 51 in April and 14 in March.

2 Jun 2022

Weekly Vessel Scrapping Report 2022: Week 22

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from May 26 – June 1, 2022.

2 Jun 2022

Maersk Subsidiary Svitzer Sets 2040 Net Zero Target

The firm will first aim for a 50% reduction in the carbon intensity of its fleet by 2030, before fully decarbonising by 2040.

1 Jun 2022

Mining Firm Rio Tinto Joins Decarbonisation Body MMMCZCS

Rio Tinto is planning to introduce net-zero-emission vessels into its fleet by the end of this decade.

1 Jun 2022

Auramarine Launches Methanol Fuel Supply System for Ships

The company has developed the methanol fuel supply systems for both two- and four-stroke engines.

1 Jun 2022

Oil Dips As OPEC Contemplates Excluding Russia From Production Decisions

Meanwhile, analysts argue over the market's health as inflation skyrockets.

31 May 2022

ONE Orders Ten Ammonia-, Methanol- and Carbon Capture-Ready Boxships

The firm has ordered five 13,700 TEU boxships each from Hyundai Heavy Industries and Nihon Shipyard.

31 May 2022

North and Standard Club Members Endorse Merger Plan

Special general meetings of the two clubs' members on May 27 endorsed the proposal to merge the two organisations into a single mutual insurer.

31 May 2022

Imprecise Fuel Grades on BDNs May Cause Emissions Reporting Problems: Lloyd's Register

Terms that bunker suppliers tend to use on the BDNs such as VLSFO or LSHFO do not follow ISO 8217 guidelines and may mean an incorrect emissions factor is noted for the receiving ship when the note is submitted to the IMO.

31 May 2022

EU to Ban Seaborne Imports of Russian Oil

The plan has been agreed as apart of a sanctions package negotiated at a summit in Brussels.

31 May 2022

Oil Up On EU Optimism And Shanghai Covid Restrictions Lifted

Hungary's requirements seem to bode well for an agreement on Russian bans.

30 May 2022

MOL to Be First Japanese Shipping Firm in First Movers Coalition

The company has joined the group with a view to increasing cooperation to help achieve a net zero 2050 target for shipping.

30 May 2022

Iran Seizes Two Greek Tankers After US Oil Confiscation

Iran's Revolutionary Guards Navy seized two Greek tankers for violations in Gulf waters.

30 May 2022

Avenir LNG Takes Delivery of 20,000 M3 Bunkering Vessel

The firm has taken delivery of the dual-purpose LNG supply and bunker delivery vessel Avenir Achievement.

30 May 2022

Average Bunker Price Jumps Back Above $1,000/MT

The global average VLSFO price gained $25/mt to $1,000.50/mt on Friday, according to Ship & Bunker's G20 Index of prices at 20 leading bunkering ports.

30 May 2022