World News

Celsius Tankers Orders Four Gas-Powered LNG Carriers

The company has ordered the ships from Samsung Heavy Industries for delivery in 2023 and 2024.

19 Oct 2021

Oil Prices Cool On Sudden Sentiment That Demand May Not Be So Intense As Hyped

Still, OPEC continues to fail to pump at expected levels.

18 Oct 2021

Peninsula Sees Long Term Relevance for Scrubbers, HSFO Amid High Oil Prices

Today's dual fuel vessels will still potentially burn HSFO for the next 25-30 years, says CEO John Bassadone.

18 Oct 2021

'More and More Interest' Emerging in Bunker Carbon Offsets: KPI OceanConnect

"We've had sellers come to us looking to access the shipping industry," says US-based director Charley Davies.

18 Oct 2021

IBIA Seeks Nominations for Board

Nominations for candidates replacing board members whose term ends on March 31 of next year must be submitted by December 16, 2021.

18 Oct 2021

Peninsula Joins Shipping's 2050 Net Zero Target Club

The company has signed the Global Maritime Forum's Call to Action for Shipping Decarbonization.

18 Oct 2021

Independent Bunker Suppliers Face 'Insurmountable Challenges': Tolson

Tolson argues independent suppliers have not changed their models notably since a period of 'profit at unprecedented levels' in the mid-2000s.

18 Oct 2021

MAN to Work With DP World on Decarbonisation

The two companies have signed an agreement setting out a five-year cooperation plan.

15 Oct 2021

LNG-Powered Ferry Firms Eye Future Without Gas Bunkers

All BC Ferries LNG vessels are designed to be electric in the future, while Balearia notes "gas is probably transitional so we are also studying other technologies."

15 Oct 2021

Scrubber-Fitted VLCCs See Steady Growth in Market Share

Last month 45% of ton-mile demand for VLCCs was met by scrubber-equipped tonnage, up from 39% in October 2019.

15 Oct 2021

Oil Rises On Inventory Declines As Goldman Predicts Higher Prices Throughout 2022

Meanwhile, OPEC brags about keeping control of the crude market.

14 Oct 2021

'Startling' New Study on Ferry Industry's Economic Value to Help Electrification Drive: Interferry

Governments, ports, and energy companies need to provide adequate power infrastructure so that ferries can "plug in", says CEO Mike Corrigan.

14 Oct 2021

Weekly Vessel Scrapping Report: 2021 Week 41

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from October 7 – October 13, 2021.

14 Oct 2021

Ferry Company Scandilines Books Second Rotor Sail Installation

The company has ordered a rotor sail for its ferry the M/V Berlin.

14 Oct 2021

AET Takes on LNG Bunkers in US for First Time

The company took on 600 mt of LNG from Shell for its tanker the Pacific Ruby at Port Canaveral on October 9.

14 Oct 2021

Maersk Invests in Lignin Fuels Start-Up

The investment will allow Vertoro to further develop its liquid lignin technology and build a demonstration plant due to become operational next year.

14 Oct 2021

Demand Worries Send Oil Prices Downward Amid The Irony Of Bullish Sentiment

Analysts disagree about where the market is going and the impact of high prices.

13 Oct 2021

Maersk Criticized by LNG Bunker Lobby Saying Carbon Neutral Synthetic Fuels are Decades Away

Maersk is backing methanol over LNG bunkers in the alternative fuels race.

13 Oct 2021

New Managing Director for Hydrogen Bunker Firm E1 Marine

The firm has appointed Robert Schluter as managing director.

13 Oct 2021

Oil Prices Tuesday Remain in the $80's

"The market's trying to calibrate this new energy situation," says one analyst.

12 Oct 2021