World News

Oil Down On OPEC Worries, But All Signs Point To Ongoing Market Recovery

Meanwhile, IHS reports a swift unwinding of storage contracts.

2 Mar 2021

New EU Moves Against Scrubbers Could Ultimately Help Them: CSA

On Thursday the European Parliament's Transport Committee agreed a draft resolution on maritime transport calling for a gradual phase-out of the use of heavy fuel oil in ships.

2 Mar 2021

Marine Fuel Trader Malik Supply Hires Bunker Trader in Denmark

Malik Supply has been active in the Baltic bunker market for more than 25 years.

2 Mar 2021

Oil Down on OPEC, China Concerns, As Kemp Sees A "Stutter" In The Bull Run

But Hess Corp sees fossil fuel demand rising for at least another decade.

1 Mar 2021

One Third of Hin Leong-Linked Fleet Has Now Been Sold

The ships owned by Hin Leong sister company Xihe Holdings have been sold for $2-3 million each for coastal barges and around $30 million each for VLCCs.

1 Mar 2021

ELEMENT Alpha Hires Bunker Trader in Dubai

ELEMENT trades crude oil, refined products, petrochemicals and dry bulk.

1 Mar 2021

Bunker One Offers Live Streaming of Bunkering Operations, May Help Avoid Disputes

Buyers taking deliveries via Bunker One's barge the Amak Swan can now view a live video of the operation, or view the recording for up to 45 days afterwards.

1 Mar 2021

Petro Inspect Group Appoints New Group Managing Director

George Masvoulas will oversee the entire Petro Inspect Group operations globally.

1 Mar 2021

UECC Says Biofuel Consumption Reaches 6,000 MT in 12 Months

The carbon intensity of the ship has dropped by 57.9% in the past two years.

26 Feb 2021

CMA CGM Will Operate Six Gas-Powered Ships in US

The company will use the six 15,000 TEU ships on the China-Los Angeles route.

26 Feb 2021

World Fuels Services Bunker Sales Volume Down 16% in 2020

COVID-19 impact makes it a fifth straight year of falling marine fuel sales for the Miami, FL-headquartered firm.

25 Feb 2021

Weekly Vessel Scrapping Report: 2021 Week 8

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from February 18 – February 24 2021.

25 Feb 2021

Minerva Bunkering Launches Digital Marine Fuels Platform

Minerva's new 'Advanced Delivery Platform' (ADP) service will be available for buyers at the ARA hub, in Fujairah and Singapore.

25 Feb 2021

Minerva Marine Denies Involvement in Israeli Oil Spill

Israel's government is now looking into a selection of ships that it thinks could have caused the spill.

25 Feb 2021

Gas Exporting Countries Target 33% Bunker Market Share for LNG by 2050

The GECF forecasts LNG bunker demand rising from 11 bcm/year as of 2019 to more than 90 bcm/year by 2050.

25 Feb 2021

Peninsula Dropping 'Petroleum' from Name

Rebranding comes as the industry as a whole looks to move away from oil-based fuels.

24 Feb 2021

Steve Simms, Jesper Rosenkrans Join IBIA Board

Nicolas Vukelja of Terramar Oil was reelected for a second term .The board members will start a three-year term on April 1.

24 Feb 2021

Trefoil Hires Cockett's Robin Van Elderen, Hints at Expansion Into Alternative Bunkers

Van Elderen is now overseeing all of the company's trading activities.

24 Feb 2021

Grimaldi Sees CO2 Reduction of Up to 43% From New Multipurpose Ships

Grimaldi has ordered six new ro/ro multipurpose vessels from Hyundai Mipo Dockyard.

24 Feb 2021

Ammonia is 'Ideal' for Ferries: DFDS

The company has joined the Power-to-Ammonia project seeking to develop a green ammonia production facility in Denmark.

24 Feb 2021