World News

Höegh Autoliners Mulls Listing to Fund 12 New Ammonia-Ready Ship Orders

The company plans to order 12 new Aurora-class multi-fuel and ammonia-ready pure car and truck carriers with a 9,100 car equivalent capacity.

22 Jun 2021

Furetank Seeks to Run Eight Tankers on Bio-LNG by 2030

The second of the company's eight new tankers left the shipyard this week.

22 Jun 2021

Hapag-Lloyd Orders Six More LNG-Fuelled Container Ships

The firm has ordered six 23,500+ TEU duel-fuelled container ships for delivery from 2024.

22 Jun 2021

Fremman Capital Plans Stake Purchase in Testing Company VPS

Fremman Capital has entered exclusive discussions with IK Investment Partners to buy its stake in the testing firm.

22 Jun 2021

Oil Prices, Bullish Sentiment Soar On Iran and Demand Recovery Outlook

But Iran remains optimistic that the U.S. sanctions will be lifted.

21 Jun 2021

VPS Talks: Prevention

In the second of a series of articles from testing company VPS, AMEA managing director Rahul Choudhuri discusses ways of preventing bunker losses.

21 Jun 2021 · VPS

KPI OceanConnect Sees 26.5% 2020/21 Volumes Gain While Profits Decline

Revenue was 'stable' at $2 billion, while its earnings before tax saw 'an expected small decrease' to $15.1 million.

21 Jun 2021

35,000 Ballast Water Management System Installations Needed in 40 Months

The final deadline for BWMS installation was postponed to September 7, 2024 by the IMO in 2017.

21 Jun 2021

IBIA Warns of 'Enormous Workload' at IMO on GHG Reduction Proposals

Last week the IMO's Marine Environment Protection Committee adopted a three-stage work plan for progress on GHG measures over the coming years.

21 Jun 2021

Don't Count Out $2/MT Bunker Levy Proposal Yet: Shipping Industry Groups

The proposal -- to impose a $2/mt levy on bunker fuel purchases to build up a decarbonisation research and development fund -- was not selected for further development at the next IMO GHG working group session in October.

18 Jun 2021

Japan's MOL Seeks Net Zero-Emission Ships Before 2030

The firm envisages having about 90 gas-powered ships in its fleet by 2030, excluding gas carriers, and about 110 net zero-emissions oceangoing ships by 2035.

18 Jun 2021

13 Countries Now Back $100/MT Carbon Price for Shipping

The Marshall Islands and Solomon Islands proposal will now be discussed at the next session of the IMO's GHG working group in October.

18 Jun 2021

Rebounding U.S. Dollar Causes Oil Price To Decline, But Demand Recovery Remains Intact

Meanwhile, Iran's boast of an imminent nuclear deal fails to sway traders.

17 Jun 2021

Slow Progress at IMO on Shipping GHG Emission Cuts

The UN body's committee adopted amendments to MARPOL Annex VI, initially agreed by a working group last year, to bring in binding short-term measures from the start of 2023 that hold ships to both operational and technical carbon intensity requirements as

17 Jun 2021

Weekly Vessel Scrapping Report: 2021 Week 24

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from June 10 – June 16, 2021.

17 Jun 2021

BUNKER JOBS: Bunker Holding Seeks Indirect Tax Manager

The company is looking for candidates with experience of VAT and GAS audits, as well as regulatory inquiries.

17 Jun 2021

Oil Closes In On $75, Triggering Worry Of A Supercycle

One analyst sees a trading volatility range of between $35-$130 per barrel.

16 Jun 2021

Wärtsilä Signs Deal With Data Provider Weathernews

Wärtsilä will integrate Weathernews's weather forecasting data and Optimal Ship Routeing service into its products and solutions.

16 Jun 2021

IBIA: The Future is Ours

IBIA Chairman Henrik Zederkof sets out the industry organisation's three main areas of focus for the next decade.

16 Jun 2021

VPS Talks: Protection

In the first of a series of articles from testing company VPS, Germany area manager Wolf Rehder discusses the importance of time in preventing fuel problems.

16 Jun 2021 · VPS