World News

Bloomberg Analysts See Green Hydrogen Outcompeting Blue by 2030

Green hydrogen -- produced using renewable power -- is currently more expensive than the so-called 'blue' variant -- made using fossil fuels with carbon capture and storage.

7 May 2021

Weekly Vessel Scrapping Report: 2021 Week 18

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 29 – May 05, 2021.

6 May 2021

Analysts Maintain Bullish Outlook, But India Again Causes Oil Price Drop

Some analysts think the U.S. Memorial Day weekend will release pent-up demand.

6 May 2021

NSI Sees Large Suppliers Increasingly 'Dominating' Bunker Hubs

"I see the high-volume ports being increasingly dominated by the cargo players, and the smaller ports continuing to be controlled by the companies with local knowledge."

6 May 2021

Shipping Industry Bodies Launch Year-Long Fuel Oil Survey

BIMCO, the ICS, Intercargo and Intertanko will run the survey up to May 1, 2022.

6 May 2021

Carbon Capture 'Technically and Financially Viable' for Shipping: TECO 2030

The company has completed its feasibility study of the technology's prospects in the shipping industry with Austria's AVL.

6 May 2021

Oil Mixed On India Fears But A Surge In Demand Is Looming, Say Experts

Bahrain's oil minister believes a supply challenge could also be brewing.

5 May 2021

Scottish Researchers See 15% Fuel Savings From New Rudder Design

Early trials of the system have shown 15% fuel savings in calm waters, and the researchers expect to see savings of as much as 30% in rough seas, as well as improved manoeuvrability.

5 May 2021

Bureau Veritas Launches New 'Ammonia-Prepared' Standard for Ships

The organisation's ammonia-prepared notation "targets the spaces and structural components that will accommodate future ammonia fuel tanks, fuel handling equipment and ammonia vapor treatment installations."

5 May 2021

Maersk's Q1 Bunker Purchases Rose by 8.3% on the Year

The firm posted first-quarter bunker consumption of 2.7 million mt in a results statement on Wednesday, up from 2.5 million mt in the same period of 2020.

5 May 2021

Bunker Credit: Understanding the Rebirth of the Cruise Industry

What we have now is a cruise industry that is smaller, much more efficient, much more environmentally friendly and with newer and safer ships.

5 May 2021

Lockdown Easements Boost Crude Prices As One Analyst Says $70 Oil Is Imminent

Meanwhile, Saudi Aramco reports higher than expected earnings.

4 May 2021

Uni-Tankers Sees 12.2% Fuel Saving From Frugal Propulsion System

The company has been testing the system on its chemical and oil products tanker the Endelo Swan after its installation in June of last year.

4 May 2021

BunkerMetric Adds Inchcape Port Call Cost Data to BunkerPlanner Software

BunkerMetric has integrated Inchcape's World of Ports service into the software, giving buyers more information on which port to choose.

4 May 2021

BUNKER JOBS: Lomar Shipping Seeks Lubricant Purchaser

The company is looking for candidates with two to five years of experience, preferably in the shipping industry and with knowledge of bunkers, lubricants or chemicals.

4 May 2021

Fuel Supplier Dan-Bunkering Appoints New CEO After Three Years

Former CEO Christoffer Berg Lassen left Dan-Bunkering in March 2018 to move to parent company Bunker Holding, where he currently serves as its chief commercial officer.

4 May 2021

Rio Tinto to Charter Three New Gas-Powered Bulkers

The ships are due for delivery from the second half of 2023, and the contract includes the option to order three more.

4 May 2021

Surging Demand Globally Boosts Oil Prices, But India Remains A Concern

Energy stocks overall have climbed 30 percent this year.

3 May 2021

Bunker Supplier Monjasa to Track CO2 Emissions as Part of Responsibility Strategy

The company 'strongly supports' the IMO's initial strategy on the reduction of greenhouse gas emission from shipping.

3 May 2021

Container Line CMA CGM Orders 12 More LNG-Powered Boxships

The firm has signed a deal with CSSC Group for six 15,000 TEU gas-powered container ships and six 13,000 TEU gas-powered container ships.

3 May 2021