World News

X-Press Feeders Takes on 16 Methanol-Fuelled Boxships

The ships will have dual-fuelled engines that can run either on methanol or conventional bunkers.

30 Nov 2021

Danish Prosecutor Seeks Two-Year Prison Sentence for Bunker Holding's Keld Demant

"Keld Demant is the locomotive driver," the prosecution said in closing remarks.

30 Nov 2021

Euronav Suggests Shipping Industry Could Leave IMO Behind on Decarbonisation

In a LinkedIn post on Monday Hugo De Stoop, CEO of Euronav, expressed his disappointment at the slow progress at the IMO.

29 Nov 2021

Frontline Still Paying in $300s/mt for Bunker Fuel

The company has a deal requiring it to buy 5,000 mt/month between October 2020 and December 2021 at $325-365/mt.

29 Nov 2021

MAN Sees Two-Stroke Ammonia-Fuelled Boxship Engine by 2024

While two-stroke ammonia engines will be available from 2024, four-stroke engines will take longer.

29 Nov 2021

UECC Takes on First Battery-LNG Hybrid Vessel

The company has taken delivery of the Auto Advance after its construction at the Jiangnan Shipyard in China.

29 Nov 2021

BUNKER JOBS: Bunker Holding Seeks Student Credit Assistant

The firm is looking for candidates with a degree in business or economics.

29 Nov 2021

Wallenius Wilhelmsen Hires New CEO

Chief financial officer Torbjørn Wist will continue as acting CEO until the new hire's arrival.

29 Nov 2021

Crude Drops $10/bbl, Bunkers Tumble on Omicron Coronavirus Variant

Current vaccines may be ineffective against the variant, markets said to be factoring in "a worst case scenario situation" of massive demand destruction.

26 Nov 2021

ICS Blasts IMO for Failure to Act on New Decarbonization Proposals at MEPC77

"We fear this will signal to the world... that IMO is no longer truly serious about maintaining its leadership on GHG issues and that others may then move in to fill the vacuum."

26 Nov 2021

ExxonMobil Moves to Commercialize Algae-Based Biofuel

Energy major has renewed a partnership with California-based Viridos Inc..

26 Nov 2021

TFG Marine Breaks Even in Q3

TFG is aiming to be one of the top five suppliers in Singapore by volume this year.

26 Nov 2021

BUNKER JOBS: Trading Firm Seeks Senior Trader

The company has four offices worldwide and plans a further expansion.

26 Nov 2021

Damen Shipyards Wins EU Approval for Emissions Reduction System

The company has become the first shipyard to receive EU Stage V certification for an emissions reduction system.

26 Nov 2021

Oil Down Again On OPEC Surplus Warnings As Analysts Disagree On Market Outlook

But lack of investment seems to ensure tight supplies in the near-term, says Vitol.

25 Nov 2021

Net Zero Shipping Emissions by 2050 Target Rejected by IMO Member States

Current ambition level of IMO 2050 target to reduce emissions 50% by 2050 will be reviewed in 2023.

25 Nov 2021

Weekly Vessel Scrapping Report: 2021 Week 47

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from November 18 – November 24, 2021.

25 Nov 2021

Onboard Production Of Hydrogen Bunkers Explored in New Wärtsilä Partnership

Fuel will be burned in existing LNG engines.

25 Nov 2021

PROW Capital Launches €420 Million Green Shipping Debt Fund

The firm is aiming for an average loan size of €15-50 million.

25 Nov 2021

Maersk Considers Hydrogen Bunkers for Vessels With Shorter Routes

Maersk considers hydrogen problematic for deep-sea ships, but is considering it for vessels with a maximum round trip of 2,000 km.

25 Nov 2021