World News

EVENT: Explore the Outlook for the Bunker Market in Europe & the Mediterranean

Platts' Mediterranean Bunker Fuel Online Virtual Conference will be held December 01-02, 2021.

15 Nov 2021 · S&P Global Platts

Oil Posts Longest Weekly Losing Streak Since March On Fear Of Soaring Prices, Inflation

One analyst predicts that the oil market will remain tight until Q3 2022.

12 Nov 2021

Samskip Launches Biofuel Bunker Trial on Second Boxship

The firm is using MDF1-100 fuel produced from used cooking oils.

12 Nov 2021

Hapag-Lloyd Reports 3.3% Gain in Year-to-Date Bunker Consumption

The firm used about 3.15 million mt of bunkers in the nine months to September 30.

12 Nov 2021

UK Firm Launches New Flexible Shore Power System

The firm's Iconvert system offers flexibility on voltage and frequency, and can be equipped with batteries to form a microgrid.

12 Nov 2021

Oil Ekes Out Minimal Gains As Traders Await U.S. Response To Inflation

Meanwhile, OPEC seen as maintaining output until at least Q1/22.

11 Nov 2021

Weekly Vessel Scrapping Report: 2021 Week 45

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from November 4 – November 10, 2021.

11 Nov 2021

Fortescue Future Industries to Convert Ship to Ammonia-Fuelled Propulsion Next Year

The firm has taken on the project in collaboration with MMA Offshore Limited.

11 Nov 2021

Container Line CMA CGM Partners With Engie on Decarbonisation

The two firms have decided to establish 'a long-term strategic and industrial cooperation focused on the production of decarbonized fuels'.

11 Nov 2021

Oil Tanks On Worry Over Biden Initiatives As Demand Continues To Soar

However, chances of SPR oil being released seem less likely.

10 Nov 2021

COP 26's Clydebank Declaration Seeks Six Green Shipping Corridors by 2025

The Clydebank Declaration aims to set up corridors in which ships can operate with zero emissions and take on green fuels at both ends.

10 Nov 2021

BUNKER JOBS: Monjasa Seeks Trading Assistant in Limassol

The company is looking for candidates with a relevant education and fluency in written and spoken English and Greek.

10 Nov 2021

Uncertainty Over SPR Being Tapped Causes Oil Prices To Climb Higher

Meanwhile, analysts think 2022 will see a return to more normal market balances.

9 Nov 2021

Keld Demant: 'I Have Never Been Inside the Individual Trades'

In his court evidence on Tuesday Demant set out why he did not put a stop to Dan-Bunkering's jet fuel trades after legal concerns were raised with him.

9 Nov 2021

Eidesvik, Aker BP Seek to Retrofit Offshore Support Vessels With Ammonia Fuel Cells

The two companies have signed a deal with technology firm Alma.

9 Nov 2021

Svitzer Seeks to Develop Methanol Fuel Cell-Powered Tug

The vessel may be in operation by the first quarter of 2024.

9 Nov 2021

Oil Pares Gains On Fears That Biden's SPR Strategy Is Ineffective

Meanwhile, the UAE said oil would be twice as expensive without OPEC.

8 Nov 2021

Oilmar DMCC: How to Improve KYC Checks in the Bunker Industry

Maaz Ahmed, team leader at bunker trading firm Oilmar DMCC, looks at the challenges of counterparty checks in the marine fuel market.

8 Nov 2021 · Maaz Ahmed, Oilmar DMCC

Scandilines Orders Battery-Powered Ferry

The firm has ordered the ship from the Cemre Shipyard in Turkey for delivery in 2024.

8 Nov 2021

Japan's MOL Takes Delivery of Dual-Fuelled Methanol Carrier

The ship can mix water into its methanol fuel, allowing it to meet Tier 3 NOx regulations without the use of a scrubber.

8 Nov 2021