World News

Japanese Working Group Recognises Synthetic Gas as Zero-Emission Bunker Fuel

The Ship Carbon Recycling Working Group of Japan's Carbon Capture & Reuse Study Group made the determination after producing a technical paper on the subject.

19 Jul 2021

Non-Scrubber VLCC Spot Rates Hit Record Low

The low earnings are also linked to a wider premium between HSFO used in scrubber-equipped ships and VLSFO used in those without.

19 Jul 2021

Titan LNG and Petronas Bunker New Gas-Powered Tanker in Malaysia

The two firms supplied Furetank Rederi's new tanker the Fure Viten with LNG bunkers at Pasir Guadang on July 15.

19 Jul 2021

International Seaways Completes Merger With Diamond S Shipping

The newly merged company will continue to operate under the name International Seaways.

19 Jul 2021

Covid Fears Cause Biggest Weekly Crude Decline Since March

Investors are also impatient to see Saudi, UAE deal formalized.

16 Jul 2021

IBIA Ups Annual Membership Fees

From September 1 IBIA's individual annual membership fee will rise to £300.

16 Jul 2021

Wärtsilä Sees Pure Ammonia-Fired Engine by 2023

The company already has a test engine running 'very well' on a 70% ammonia blend.

16 Jul 2021

MOL Seeks to Boost Methanol Bunkers With Waterfront Shipping Stake

MOL is set to take a 40% stake in Waterfront for $145 million, with parent company Methanex Corporation retaining the remaining 60%.

16 Jul 2021

Shell Joins Forces with Container Line MSC on Shipping Decarbonisation

The two companies will seek to develop 'safe, sustainable and competitive' technologies to reduce emissions.

16 Jul 2021

Roller Coaster Crude Market Dips Again On Demand, Glut Fears

But major banks maintain that a strong market recovery is still on track.

15 Jul 2021

Weekly Vessel Scrapping Report: 2021 Week 28

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from July 8 – July 14, 2021.

15 Jul 2021

Maersk to Order 12 Methanol-Fuelled 15,000 TEU Boxships: Report

Korea Shipbuilding & Offshore Engineering is expected to win the order.

15 Jul 2021

ZeroNorth Acquires Vessel Optimisation Firm Propulsion Dynamics

Propulsion Dynamics has been working on vessel performance optimisation since its launch in 2002.

15 Jul 2021

OPEC Reaching Output Deal Fails To Impress Traders, Oil Drops Nearly 2%

U.S. gasoline stocks rising by 1 million barrels last week also caused concern.

14 Jul 2021

Container Ship Orderbook Jumps in First Half of 2021

The total orderbook stood at 4.94 million TEU of capacity as of June 30, up from 2.29 million TEU a year earlier.

14 Jul 2021

Volkswagen Takes on Four More LNG-Fuelled Car Carriers

Two gas-powered car carriers joined the company's fleet in 2020, and Volkswagen has now ordered four more to enter service in 2023.

14 Jul 2021

Seanery Sees 8% Fuel Savings From Route Optimisation Software

In a trial over the first four months of 2021, Seanergy's Capesize vessels reported savings of up to 12%, and 8% on average, using DeepSea's weather routing and voyage optimisation platform Pythia.

14 Jul 2021

Concern Over Covid Variants In Asia Cause 1% Drop In Oil Prices

Meanwhile, Saudis and Oman call for OPEC reconciliation.

12 Jul 2021

Longchamp to Ship 50% of Containers on Wind-Powered NEOLINE Vessels

Longchamp has committed to the 50% target in a 'first test phase' once the service starts in the first half of 2024, and will look to increase its NEOLINE shipments after that.

12 Jul 2021

Windship Seeks to Add Carbon Capture to Hybrid Marine Energy System

The company has signed a joint development deal with Australia's Calix Limited to incorporate the firm's RECAST carbon capture system into its product offering.

12 Jul 2021