World News

Oil Rises As All Eyes On Washington Following OPEC Rebuff

But one trader says the U.S.'s SPR solution won't do much to lower pump prices.

5 Nov 2021

Dan-Bunkering Continued to Sell Jet Fuel After Danish Regulator Raised Concerns

The company received a letter from the Danish Business Authority in late December 2016 saying it suspected it was selling jet fuel that was ending up in Syria.

5 Nov 2021

Biofouling Can Add 55% to Ship's GHG Emissions: IMO Report

Preliminary findings of the report presented at COP 26 this week show the shipping industry has underestimated the effect.

5 Nov 2021

Anglo American Sets 2040 Net Zero Emission Freight Target

The company has also set a target of a 30% reduction in emissions from its ocean freight activities by 2030.

5 Nov 2021

Reaching Net Zero by 2050 Will be Easier than Expected: Maersk

We initially thought the challenge would be to develop a new way to run ships, says CEO Soren Skou.

5 Nov 2021

DHT Brings Forward Scrubber Retrofits

Tanker owner taking advantage of weak freight market.

5 Nov 2021

Oil Plummets Again As OPEC Rejects U.S. Pressure To Boost Output

Russia cites lower European consumption as a sign the pandemic still limits demand.

4 Nov 2021

MOL to Develop Ammonia-Fuelled Vessel

The large-size ammonia carrier will also powered by ammonia fuel.

4 Nov 2021

Achieving Net Zero by 2050 Not in Shipowners' Hands: INTERCARGO

Chairman Dimitrios Fafalios says INTERCARGO "fully supports the drive to achieve zero emission shipping by 2050."

4 Nov 2021

Bunker Industry at the Forefront of Shipping Transformation, Says IMO's Lim

IMO Secretary General's comments among several key messages as IBIA wraps up its annual two-day convention.

4 Nov 2021

Trafigura to Run 18% of Fleet on Green Ammonia by 2030

The company expects to own and operate six vessels running on ammonia by 2030.

4 Nov 2021

Weekly Vessel Scrapping Report: 2021 Week 44

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from October 28 – November 3, 2021.

4 Nov 2021

McDermott to Work With Shell to Decarbonise Marine Construction Vessels

The two firms have signed a memorandum of understanding setting out plans to collaborate on the decarbonisation of the construction industry.

4 Nov 2021

Fratelli Cosulich CEO Calls for 'More Professionalism' in Bunker Credit Lines

Shift needed to improve its relationship with banks, Tim Cosulich said at IBIA's annual convention this week.

4 Nov 2021

31 New LNG-Fuelled Ship Orders in October

A total of 635 LNG-fuelled ships have already been delivered or are on order.

4 Nov 2021

Proman Stena Bulk to Take on First Methanol-Fuelled Tanker in Q1 2022

The Stena Pro Patria has been successfully launched and will now see its construction completed on the water before going through sea trials.

4 Nov 2021

Oil Plummets On U.S. Stock Build, OPEC Refusal To Boost Output

Meanwhile, Iran says nuclear talks will resume at the end of November.

3 Nov 2021

Bunker Holding Chief Legal Officer Raised Concerns Over Jet Fuel Trades

"We can not take that risk," the company's then chief legal officer is reported saying about the trades at the time.

3 Nov 2021

Don't Send Us the Bill for Carbon Taxes: European Shipowners

The ECSA has published its response to the proposal to include shipping within the EU's emissions trading system.

3 Nov 2021

Dan-Bunkering Case Resumes After NASA Logo Temporarily Halts Trial

The concern was over one of the judges having served in the Danish military and wearing a shirt with the logo of US space agency NASA on it.

3 Nov 2021