World News

S&B MARKET SURVEY: Global Q2 Bunker Demand Gains 6.3% From 2020 Low

Demand at key marine fuel hubs jumped by 6.3% in the second quarter of 2021 from the initial shock of the COVID-19 pandemic a year earlier.

21 Sep 2021

Oil Down On China Property Woes, But Bearishness Has "Evaporated": Kemp

Meanwhile, scaling back asset purchases in the U.S. could trigger more oil losses.

20 Sep 2021

Vessels Using Hull Performance Solutions See 20% Lower Carbon Intensity: Report

Fuel savings translate directly into lower carbon emissions, notes Jotun's Stein Kjolberg.

20 Sep 2021

Nominations Open for 2021 Wind Propulsion Awards

Wind propulsion solutions increasingly viewed as a vital component in the drive to decarbonise the shipping industry, says IWSA Secretary General.

20 Sep 2021

Oil Down As Gulf Output Recovers, But There's Still Room For Growth: Experts

Meanwhile, China predicts its peak for oil demand.

17 Sep 2021

Wärtsilä to Work on Hybrid-Electric LNG Carrier Design

The ships will be designed to run on multiple different bunker fuels and technologies as well as battery power.

17 Sep 2021

Bunker Firm Sing Fuels Plans Decarbonisation Drive

The firm is seeking to hire a 'green solutions architect for the shipping industry'.

17 Sep 2021

IMO Sub-Committee Agrees Draft Guidelines for Fuel Cells

The UN body's Sub-Committee on Carriage of Cargoes and Containers drafted the rules at its meeting last week.

17 Sep 2021

Maersk Hikes Profit Guidance by 20% on 'Exceptional Market Situation'

Maersk is heading for 2021 EBIT five times higher than that seen in 2020.

17 Sep 2021

Weekly Vessel Scrapping Report: 2021 Week 37

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from September 9 – September 15, 2021.

16 Sep 2021

Bunker Supplier Monjasa Takes on 10 Trainees

The company has extended the Monjasa Oil & Shipping Trainee programme to cover all of its offices this year.

16 Sep 2021

Oil Up On Demand Confidence As Nicolas Fails To Stop Refinery Output

Meanwhile, analysts assess China oil auction's impact on market sentiment.

15 Sep 2021

MSC Biofuel Blend Consumption Reached 850,000 MT Last Year

MSC CEO Soren Toft revealed the figure in a presentation at the London International Shipping Week conference on Wednesday.

15 Sep 2021

IMO Sees 'Encouraging Signals' on Decarbonisation: Kitack Lim

Lim sees decarbonisation as 'shipping and humanity's biggest challenge'.

15 Sep 2021

NYK Line Signs Marine Decarbonisation Deal With BP

The two firms will seek to collaborate on identifying opportunities to help the shift from conventional bunkers to alternative fuels.

15 Sep 2021

Nicolas Causes More Modest Crude Price Gains While Iran Resurfaces As An Analytical Worry

Meanwhile, the IEA predicts a sharp demand rebound for the remainder of 2021.

14 Sep 2021

Shipping Wind Power Start-Up Raises €10.5 Million in Funding

The organisation plans to use the money to set up an Oceanwings production facility in Normandy as well as to boost its sales and marketing operation.

14 Sep 2021

Logistics Firm GEODIS Offers Biofuel Bunker Freight Carbon Offsets

The firm already offers the service to its road freight customers, and is now extending that service to marine and air shipments.

14 Sep 2021

New Bunkering Platform Targets Fuel Cost Transparency

The Bunker Insights application is a bunkering digitalisation service for both shipping firms and fuel suppliers.

13 Sep 2021

IMO's Kitack Lim to Deliver Keynote Speech at IBIA Convention

Lim will deliver the speech at the opening of the IBIA Annual Convention 2021, to be held online on November 2-4.

13 Sep 2021