World News

Shipping Executive: We Can't Order New Tonnage While Carbon Rules Are So Uncertain

While all shipowners by now will have the IMO's objective of halving GHG emissions by 2050 firmly in mind, no concrete guidance has yet been given on the timetable for carbon-emitting ships to be phased out.

21 Jan 2021

Star Bulk's Scrubbers May Pay for Themselves by the End of This Year

Fuel savings have paid for half of the company's scrubber installation costs already.

21 Jan 2021

Maersk Institute Seeks Economist to Solve Commercial Challenge of Shipping Decarbonisation

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping has posted a job advertisement for a chief economist in Copenhagen.

21 Jan 2021

Biden Inauguration Causes Oil Price Increase And "Good Mood" In Markets

Meanwhile, India's crude imports soar due to huge demand resurgence.

20 Jan 2021

Ship & Bunker, RAI Partner to Launch Online Bunker Training Course

"This course will give you and your team a deeper understanding of how to make a variety of fuel oils," says RAI President & CEO, Ara Barsamian.

20 Jan 2021

Navigator Hails First Carbon-Neutral Voyage Using Offsets

The company offset 1,068 mt of CO2 emissions by supporting a UN-verified renewable energy project in the Philippines.

20 Jan 2021

S&B ANALYSIS: Understanding the VLSFO / Brent Relationship and Bunker Price Outlook for 2021

IMO 2020 and the unique market dynamics of 2020 has seen it take some time to pin down what a useful crude / VLSFO model will be going forwards.

20 Jan 2021

Maersk CEO Søren Skou Expects to Make First Carbon-Neutral Ship Order in 2023

The company is likely to order smaller container ships at first while it gets accustomed to the new fuels.

19 Jan 2021

Another Bank Narrows Its Presence in Commodity Trade Finance

Rabobank plans to streamline its trade and commodity finance offering by closing terminating this activity in its London, Shanghai and Sydney offices.

19 Jan 2021

World Economic Forum: Trade Will Keep Global Economy and Society on Track

Annual risk report from WEF points to growing inequality exacerbated by the Covi-19 pandemic.

19 Jan 2021

Suezmax Tanker Wins First 'Ammonia-Ready' Stamp of Approval From ABS

ABS has given the label to a Suezmax under construction at a New Times Shipbuilding yard for Avin International.

19 Jan 2021

40% of VLCCs Could Have Scrubbers by the End of 2020

About 31% of the VLCC fleet currently has scrubbers.

19 Jan 2021

VLSFO Sold to Stricken Bulk Carrier Wakashio Was On-Specification

MOL's fuel quality testing system found no problems with the bunkers.

19 Jan 2021

Bunker Traders in Demand as Job Market Remains Buoyant into 2021

"I would say 2020 has been our busiest year ever partly because of the job activity for bunkering," says Singapore-based Salling Search.

19 Jan 2021

"Lagging" Vaccination Rollout Causes Dip In Oil Despite Strong Data From China

But PVM suspects the pull-back may be short-lived.

18 Jan 2021

Chevron Reports VLSFO Causing Abnormal Liner Wear

The wear is typically being noticed in vessels using VLSFO with a lower CCAI and higher estimated cetane number.

18 Jan 2021

Aon Sees Growing Demand for Bunker Price Protection

Insurance giant recently launched a marine fuel insurance product.

18 Jan 2021

Joint Project Claims Ammonia Should be Used in Fuel Cells for Shipping, Not Engines

Alfa Laval, DTU Energy, Haldor Topsoe, Svitzer and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping have launched a joint project to accelerate the development of solid oxide fuel cells.

18 Jan 2021

Green Bunkers, Eco-bunkers, Bio-bunkers, Renewable Bunker…Caveat Emptor!

Saving planet while burning fuel with superior mileage, doesn't that sound too good to be true? Ara Barsamian, Eliseo Curcio, and Daniel Son from Refinery Automation Institute, LLC discuss.

18 Jan 2021

Oil Posts Weekly Loss On China Lockdowns, But Analysts Still See 2021 Demand Recovery

Meanwhile, Iraq predicts $60 oil in Q2 2021.

15 Jan 2021