World News

Oil Up On The Week As Demand Recovery Optimism Intensifies

Meanwhile, Russia says it's ready to support export curbs.

16 Apr 2021

Economist Martin Stopford Estimates $3.4 Trillion Bill for Shipping Decarbonisation

The total does not include the likely higher cost of zero-carbon fuels compared to conventional bunkers.

16 Apr 2021

Silverstream Reports 6.6% Fuel Savings From LNG Carrier's Air Lubrication Trial

The Shell-chartered 170,000 m3 LNG carrier Methane Patricia Camila tested the system at various speeds during normal operations after its retrofit in October 2020.

16 Apr 2021

World Bank Backs Ammonia as Future Bunker Fuel

The bank's report, titled 'The Potential of Zero-Carbon Bunker Fuels in Developing Countries', analyses the prospects of biofuels, hydrogen, ammonia and synthetic carbon-based fuels in the future of the marine fuels industry.

16 Apr 2021

LNG Bunkering Advocates Update GHG Saving Estimates

The latest study reports well-to-wake GHG emissions reduction compared to VLSFO-fuelled equivalent ships of 14-23% for two-stroke slow-speed engines, and 6-14% for four-stroke medium-speed engines.

16 Apr 2021

Weekly Vessel Scrapping Report: 2021 Week 15

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

15 Apr 2021

Wärtsilä Scrubber Installations Hit Record High Last Year Despite Narrow Sulfur Spread

Installations had been expected to slow significantly after the crude collapse a year ago delivered a much narrower price spread between HSFO and VLSFO, a key measure of the savings to be made by investing in the technology.

15 Apr 2021

Heineken Seeks Carbon-Neutral Beer Shipments by 2040

The firm has announced it will be seeking carbon neutrality in its 'full value chain' by 2040, as well as a 30% cut in emissions from 2018's levels by 2030.

15 Apr 2021

New Carbon Offset Advice Service for Shipowners

Shipbroker and carbon specialist join up to help shipping firms find way through emerging carbon reduction landscape.

15 Apr 2021

Trafigura Joins MAN Ammonia Engine Project

Trafigura will co-sponsor MAN's efforts to develop a new fuel-flexible two-stroke engine capable of running on ammonia by 2024.

15 Apr 2021

FEATURE: Bunker Industry Assesses Credit Situation With 10% of Financing Disappearing

Panelists at IBIA's Shipping & Bunkering in Transition conference said as much as 10% of traditional financing for the bunker industry has disappeared, and new lending is only available at a much higher cost.

14 Apr 2021

UECC Launches First Hybrid LNG- and Battery-Powered Car Carrier

The company held a launching ceremony for the new ship, a pure car and truck carrier, on Monday.

14 Apr 2021

Suez Authority's $916 Million Claim Over Ever Given Grounding 'Largely Unsupported'

The Ever Given has been arrested following a successful court application by the authority on Tuesday.

14 Apr 2021

IMO Sees MARPOL Annex VI Wording Complicating Use of Biofuel Bunkers

At IBIA's Bunkering & Shipping in Transition conference on Monday, industry veteran Nigel Draffin noted that the higher nitrogen emissions of biofuels compared with conventional bunkers may be in conflict with regulation 18 of MARPOL Annex VI.

14 Apr 2021

Oil Edges Higher On China Data, But Johnson & Johnson Halt Caps Gains

Still, indications still point to a "tremendous" demand recovery soon.

13 Apr 2021

'Soaring' Singapore Demand Sees Monjasa 2020 Sales Gain 8.9% in Shrinking Global Market

Monjasa's bunker sales volumes jumped to 4.9 million mt last year, while profits gained 13.2% to $30 million.

13 Apr 2021

MAN Enters Three-Year Project to Develop Ammonia and Diesel Engine

The AmmoniaMot project, due to run for three years from December 2020, will aim to define the steps needed to produce a duel-fuel, medium-speed engine that can use ammonia as well as conventional bunkers.

13 Apr 2021

Gas-Powered Fleet Nears 200 Ships: DNV

DNV's latest data show the global gas-powered fleet now consists of 198 ships, with a further 106 on order and another 142 vessels labelled 'LNG-ready'.

13 Apr 2021

Norway's Hagland Shipping Orders Two Battery-Powered Bulkers

The two new 5,000 DWT self-discharging bulk carriers will replace older vessels with conventional propulsion systems.

13 Apr 2021

Skuld Warns of Bunker Contamination From Cleaning Products

The presence of solvent chemicals in a ship's fuel could lead to poor combustion and lubrication, fuel pump seizures and damage to piston rings and engine liners.

13 Apr 2021