World News

Maersk Q3 Bunker Consumption Gains 7.4% on Year as Boxships Speed Up

The company used 2.8 million mt of bunker fuel in the three months to September 30.

3 Nov 2021

Oil Trading Choppy As Doubt Intensifies Over OPEC Boosting Output

Impending U.S. pandemic stimulus pullbacks is also causing risk aversion.

2 Nov 2021

Wärtsilä to Work on Hybrid LNG-Ammonia Ship Engines

The firm has signed a collaboration agreement with Norway-based Simon Møkster Shipping to carry out a feasibility study on the issue.

2 Nov 2021

Dan-Bunkering Case Suspended Over Impartiality Concerns

The hearing was suspended on Tuesday after concerns were raised over the impartiality of one of the individuals hearing the case.

2 Nov 2021

Fratelli Cosulich to Help Design Ammonia Bunker Tanker

The firm is working with RINA and SeaTech Solutions on the project.

2 Nov 2021

Delta Corp Buys Maritime AI Start-Up Quantship

Quantship was created through Singapore's Entrepreneur First program in 2019.

2 Nov 2021

HSBC Seeks Winding-Up Order for Bunker Supplier NewOcean Energy

The case is listed for hearing on November 19.

2 Nov 2021

Crude Prices Rise As Bank Of America Warns Of $120 Oil - And More Inflation

Meanwhile, an inventory rise in the U.S. is greeted positively.

1 Nov 2021

Shipping Industry Awaits COP26 GHG Emissions Regulation Progress in Glasgow

Member states of the IMO may be waiting for signs of progress at COP26 before seeing if it needs to toughen its current decarbonization strategy.

1 Nov 2021

Gas Bunker Body SGMF Branching Out Beyond LNG

Will work with IAPH on low & zero carbon fuels including ammonia, hydrogen and methanol.

1 Nov 2021

Port of Seattle Sets 2040 Net Zero Emissions Target

The Port of Seattle Commission voted to approve the new strategy last week.

1 Nov 2021

Gasum Shifts LNG Bunker Barge to ARA Hub

The firm has moved the Kairos to the ARA hub.

1 Nov 2021

KPI OceanConnect Adds Payment Rule in New Terms and Conditions

The new rules came into effect on November 1.

1 Nov 2021

MOL Takes on Green Financing for LNG Bunker Barge

The firm took on a 'transition-linked loan' from Societe Generale and Sumitomo Mitsui Banking Corporation.

1 Nov 2021

Crude Achieves 11% Monthly Gain As China Scrambles To Solve Its Energy Crunch

Meanwhile, OPEC resists pressure to speed up output increases.

29 Oct 2021

Cruise Line Royal Caribbean Sets 2050 Net Zero Emissions Target

The firm said each generation of its cruise ships tends to be 20-25% more efficient than the previous one.

29 Oct 2021

Disrupted Ports -- COVID, Climate and Extreme Weather

Consultancy BMT discusses how ports and harbours can protect themselves against extreme weather threats.

29 Oct 2021 · BMT

Shell, Trafigura, Aramco Invest in Universal Scrubber Technology Firm

The company is working on a scrubber that can remove emissions including nitrogen oxides, methane and carbon dioxide from the exhaust of any fuel type.

29 Oct 2021

WFS Q3 Bunker Profit Halves on Year; Volumes Climb to Highest Since IMO 2020

The company reported net profit of $3.6 million from its marine division in the third quarter of 2021, down by 56% on the year.

29 Oct 2021

S&B ANALYSIS: IMO Report Shows Official Global 2020 Bunker Demand Breakdown; 5.5% Decline Overall

Demand from bulkers and tankers rose, while Cruise and Passenger ships saw demand fall over 50%. IMO data implies 2020 demand was 216.4 million mt.

29 Oct 2021