World News

Scrubber Critics, Advocates in Fresh Exchange Over Usage Restrictions

International Council on Clean Transport report looks to IMO for tougher response on washwater discharge.

3 May 2021

Oil Prices Achieve Strong Monthly Gains As Demand Recovery Sentiment Intensifies

However, India's rising Covid rates could seriously impact the recovery.

30 Apr 2021

Titan LNG Sees Insufficient Analysis to Compare Ammonia Bunkers to LNG

Niels den Nijs and Michael Schaap, respectively CEO and commercial director of Titan, published a statement on the company's website on Friday responding to the World Bank's recent criticism of LNG as a bunker fuel.

30 Apr 2021

Maersk Hires Head of Decarbonisation Business Development

Maersk has committed to buying only ships capable of running on zero-carbon fuels from now on.

30 Apr 2021

BIMCO Sees Second Scrubber Retrofit Wave as 'Unlikely'

Peter Sand notes the recent rise in HSFO sales, but highlights the slowing pace of scrubber installations.

30 Apr 2021

S&B ANALYSIS: WFS Q1 Margins, Volumes Sink Year-on-Year From IMO 2020 Boom

WFS bunker margins have more than doubled since the end of 2020, but remain significantly below the record levels seen in the IMO 2020 transition.

30 Apr 2021

Weekly Vessel Scrapping Report: 2021 Week 17

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 16 – April 28, 2021.

29 Apr 2021

Yachtbuilder to Develop Fuel-cell Vessel

Powered by alt fuel methanol.

29 Apr 2021

Eidesvik Sees 75% of Fleet Operating on Hybrid Battery Propulsion by 2022

The company has ordered the retrofit of its offshore wind vessel the Acergy Viking with a battery system.

29 Apr 2021

New Bunker Supplier Industry Body Launches

Robert Thompson, managing director of UK-based Propeller Fuels, has founded the new body.

28 Apr 2021

Paratus Launches Bunker Price Risk Insurance

The firm has bound "the world's first insurance policies for shipping companies to protect their balance sheets against fuel-price risk," it said.

28 Apr 2021

Hapag-Lloyd's Antifouling Measures Cut Fuel Consumption by 15%

Last year the new measures were carried out on 39 of the company's ships, delivering fuel savings of about 15%.

28 Apr 2021

Oil Gains on Strong Demand Rebound Sentiment, OPEC Initiatives

China's demand is reportedly above pre-pandemic levels.

27 Apr 2021

Further Transparency Could Help Drive Marine Decarbonisation: Monjasa

Shipping companies are increasingly taking note of their carbon emissions ahead of the International Maritime Organization's target of cutting CO2 emissions per transport work by at least 40% from 2008's levels by 2030.

27 Apr 2021

Maersk Upgrades 2021 Container Market Growth Estimate to 5-7%

Maersk has upgraded its container market growth forecast for 2021 to 5-7% from 2020's levels.

27 Apr 2021

Höegh Car Carrier Needs Just 'Minor Modifications' to Run Zero-Carbon Fuels

The company has reduced its carbon emissions per transport work by 37% since 2008 -- almost reaching the International Maritime Organization's target for 2030.

27 Apr 2021

India Inspires Another Round Of Crude Losses, Buffered By OPEC

Analysts assess to what extent rising Covid rates will affect demand recovery.

26 Apr 2021

UK Hydrogen Plan Could Hold Clues on Marine Scalability

Government interest in alt fuel high but reaching scale for shipping some way off.

26 Apr 2021

Carnival Drafts Bureau Veritas to Support Cruise Industry Restart

Bureau Veritas will verify safety and hygiene measures on board Carnival's ships with the aim of protecting crew and passengers as normal business resumes.

26 Apr 2021

Oil Down On The Week, But Demand Recovery Strong In U.S. And Eurozone

However, analysts predict a 20 percent demand drop in Covid-infested India.

23 Apr 2021