World News

Scrubbers Could Be Upgraded to Capture Ships' Carbon Emissions

Wärtsilä is setting up a 1MW pilot plant at its test facility in Moss, Norway to develop the idea.

16 Mar 2021

Tanker Firm Ardmore Backs Hydrogen Fuel Cells for Shipping

Ardmore has formed a joint venture with Element 1 (E1) and Maritime Partners, called E1 Marine, to develop E1's methanol-to-hydrogen fuel cell system for the shipping industry.

16 Mar 2021

CMA CGM Nears 50% Carbon Intensity Cut Since 2008

The company has reduced CO2 emissions per TEU-km by 49% from 2008's levels as of 2020.

16 Mar 2021

Oil Prices Slip And Short Term Reversal Predicted - As Well As Oil Breaching $80

Meanwhile, U.S. becomes India's top oil importer.

15 Mar 2021

EU Support Grows for IMO Decarbonisation Research Fund Proposal

Denmark has joined Georgia, Greece, Japan, Liberia, Malta, Nigeria, Palau, Singapore and Switzerland in supporting the proposal.

15 Mar 2021

Suspected Battery Fire On Board Ferry in Norway

A fire alarm was reported on board the battery-powered MF Brim Explorer in Oslofjord on Thursday and the crew of four were evacuated from the ship.

15 Mar 2021

Panama Seeks IMO Help For Seafarers on Australian Coal Bulkers Stuck Off China

The situation now affects 74 ships and more than 1,500 crew members of various nationalities.

15 Mar 2021

S&B MARKET SURVEY: Bunker Demand at Key Hubs Down 6% in 2020

Bunker demand in Q4 lost 8.1%. "What comes immediately to mind is that it could all have been a lot worse," says BLUE Insight's Tolson.

15 Mar 2021

Maersk Plans to Blend Lignin With Methanol to Increase Energy Density

Methanol's lower energy density than conventional bunkers is a significant disadvantage of the fuel, meaning that much higher quantities are needed for the same propulsion effect.

12 Mar 2021

Marshall Islands, Solomon Islands Seek $100/mt Global Carbon Price for Shipping

The proposal has been submitted to the International Maritime Organization.

12 Mar 2021

BUNKER JOBS: ICS Seeks Technical Director to Tackle Shipping Decarbonisation

The organisation is seeking qualified naval architects, marine and mechanical engineers with chartered engineer status, or equivalent.

12 Mar 2021

Exmar Wins Approval for Ammonia-Fuelled Gas Carrier Plans

The ship will have a cargo capacity of 40,000 m3, and was designed by Jiangnan Shipyard.

12 Mar 2021

Isle of Man Registry Backs LPG Bunkers

"It's not a perfect solution but it's a bridging solution."

12 Mar 2021

GAC Group Joins Getting to Zero Coalition

GAC plans to upgrade its fleet to cut emissions.

12 Mar 2021

Weekly Vessel Scrapping Report: 2021 Week 10

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from March 4 – March 10 2021.

11 Mar 2021

Eight Countries Now Back Shipping Industry's Decarbonisation Bunker Levy Proposal

Georgia, Greece, Japan, Liberia, Malta, Nigeria, Singapore and Switzerland all now support the measure.

11 Mar 2021

Shell Takes on Ten New Gas-Powered Tankers

Four of the ten VLCCs have been chartered from Advantage Tankers, three from AET and the remaining three from International Seaways.

11 Mar 2021

Minerva Bunkering Offers Carbon Offsets to Marine Fuel Buyers

The new offering will involve Minerva using verified carbon offset certificates equivalent to the emissions value of the bunker fuel being bought.

11 Mar 2021

Platts Changes Course on Change to Dated Brent Crude Benchmark

The company had previously announced plans to convert the benchmark into an assessment of crude deliveries in Rotterdam from June 2022, including US crude grade WTI.

11 Mar 2021

Oil Makes Modest Gains On Strength Of Another Massive Gasoline Draw

However, crude is building in many global zones due to the Texas freeze.

10 Mar 2021