World News

Crude Plummets Over 2% As Traders Refocus On India's Covid Battle

Still, rampant signs of global demand recovery continue to be reported.

13 May 2021

Weekly Vessel Scrapping Report: 2021 Week 19

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from May 06 – May 12, 2021.

13 May 2021

VLSFO Adds up to $20,000/Year of Operational Costs Per Ship: Norbulk Shipping

Sacha Cornell, fleet manager of Norbulk Shipping, made the estimate during a recent webinar hosted by Maritime AMC.

13 May 2021

Ports Can Have Key GHG-Curbing Role, Say Academics

But port cities in middle-income countries need to speed up their approach.

13 May 2021

Joint Industry Project Launches to Study Zero-Carbon Retrofits

ABS, AP Moller-Maersk, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Line, Seaspan Corporation, Total and the Maersk Mc-Kinney Moller Centre for Zero Carbon Shipping have launched the project together.

13 May 2021

We're Not Happy With Decarbonisation Progress at the IMO: Maersk

"We need to get green methanol production off the ground, other green fuel productions off the ground, and that is just going to be a lot easier if the price gap between the green and the black fuels is reduced."

12 May 2021

IKEA Rejects LNG for Shipping

"We do not see LNG bringing the necessary carbon reductions, and it is still a fossil fuel."

12 May 2021

LPG Bunkering is 'Springboard' for Ammonia: Alfa Laval

The firm has won a contract to supply LPG fuel supply systems to three Japanese gas carriers being built by Sasaki Shipbuilding.

12 May 2021

Freight Investor Services, Integr8 Partner on Bunker Data

From May 17, users of Integr8's Engine platform and the FIS Live service will be able to see limited information from both firms.

12 May 2021

Klaveness Backs Carbon Capture for Shipping

The firm has joined SINTEF Energy Research's CCShip project, which is aiming to develop cost-effective carbon capture solutions for ships.

12 May 2021

Shipping Firm TORM Buys Three Scrubber-Equipped Tankers

The firm has bought the Nissos Schinoussa, Nissos Heraclea and Nissos Therassia, all built in 2015, from Okeanis Eco Tankers for $120.8 million.

12 May 2021

BIMCO Sees Product Tanker Scrapping Hitting Record High This Year

A total of 1.2 million DWT of oil product tanker capacity has been sold for demolition in the first four months of 2021, the same level as the annual total for 2019 and 2020.

12 May 2021

Monjasa Partners with ZeroNorth Platform

Will make its bunkering data available 'in a range of locations'.

11 May 2021

MSC Charters New LNG-Fuelled Ships

The firm has agreed to charter 11 new 15,300 TEU container ships from Eastern Pacific Shipping.

11 May 2021

Colonial, Covid Recoveries Boost Oil Prices As Saudi's Move To Growth Mode

Meanwhile, the Grow website says get set for soaring oil prices.

10 May 2021

Fratelli Cosulich to Join Mediterranean LNG Bunker Market

The company has ordered an LNG bunker vessel capable of carrying more than 8,000 m3 of natural gas as well as 500 m3 of MGO.

10 May 2021

Alfa Laval Acquires Weather Intelligence Software Firm StormGeo

The deal is expected to close by the end of June, with StormGeo joining Alfa Laval's marine business division.

10 May 2021

Oil Achieves Weekly Gain On Demand Optimism, But Challenges Remain

Major airlines are radically reducing their fuel-hedging programs.

7 May 2021

$2/MT Bunker Levy is Needed Before Carbon Tax: World Shipping Council

Industry bodies have argued that both their proposal for a small bunker levy to build up a decarbonisation research and development fund and wider market-based-measures should be discussed simultaneously at the IMO this year.

7 May 2021

Swedish Club Supplies Members With Targeted VPS Bunker Alerts

The new system will provide members with bunker alerts from VPS for any ports near their ships where fuel-quality problems have been detected.

7 May 2021