World News

Fast-Track Covid Vaccinations Cause Oil To Break $50 Threshold As Bull Market Begins

Goldman Sachs predicts a "much longer structural bull market" ahead.

10 Dec 2020

Weekly Vessel Scrapping Report: 2020 Week 49

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from December 2 – December 9, 2020.

10 Dec 2020

Shipping Company MOL Orders Ship With Wind Power Assistance

The ship will be built by Oshima Shipbuilding, and is due to start operations in 2022.

10 Dec 2020

BUNKER JOBS: Biofuel Supplier GoodFuels Seeks Marine Commercial Manager

The new hire will be responsible for finding more shipping companies to start using biofuels.

10 Dec 2020

Oil Trading Tepid As Vaccine Victory Clashes With Inventory Gains

Meanwhile, Brazil is credited as a demand hot spot for oil.

9 Dec 2020

Joint Industry Project Develops Methanol-Powered Products Tanker Design

Hyundai Mipo Dockyard, MAN Energy Solutions and the Methanol Institute worked together on the tanker's design.

9 Dec 2020

Trafigura Sets Out Plans for Bunker Supplier TFG Marine

The supplier will start selling biofuels in Northwest Europe in the first quarter of 2021.

9 Dec 2020

10 More LNG-Fuelled VLCCs On the Way

The order would be the largest in the world to date for gas-powered tonnage in the tanker segment.

9 Dec 2020

Oil Mixed As Lockdown Impact Is Weighed Against Vaccine Launch

Meanwhile, China extends aid to cash-strapped oil producers by dealing with Iraq.

8 Dec 2020

Brokerage LQM to Provide Monthly Alternative Fuels Availability Data

The database -- now available for free to LQM's subscribers -- is initially covering LNG, biofuels and biogas, and will add methanol and hydrogen before the end of the year.

8 Dec 2020

ADNOC Considers LNG Bunkers for Three New VLCCs

The contract includes the option for three more tankers.

8 Dec 2020

Technology Firm Seeks to Develop All-in-One Emissions Reduction Funnel

The funnel would combine the ability to reduce SOx, NOx and particulate matter emissions with carbon capture and storage technologies.

8 Dec 2020

U.S./China Tensions Cause Price Drops, But 2021 Demand Recovery Still Expected

Meanwhile, Saudis boost prices due to vaccine hopes.

7 Dec 2020

Arte Bunkering in International Expansion as Russian Market Falters

Arte Bunkering's widening of focus away from the Russian markets helped it avoid too big a shock from this year's dip in sales there.

7 Dec 2020

Hafnia Hires Former WFS Trader as Bunker Manager

The new hire is based in the company's Copenhagen office.

7 Dec 2020

Jas Hennessy Brings Back Sail Ships for Cognac Cargoes

The shipments are scheduled to begin in 2023, with one ship departing per month.

7 Dec 2020

LNG Marine Fuel Institute Moves on From LNG

The organisation from now on will be known as the Clean Marine Fuel Institute.

7 Dec 2020

Shell Seeks to Double LNG Bunker Barge Fleet by 2025

The company currently has six LNG delivery vessels in its fleet.

4 Dec 2020

BIMCO Sees Almost Half of Newbuild Bulkers Come With Scrubbers

The scrubber installations appear to have fallen mostly on the larger ships delivered this year.

4 Dec 2020

IBIA Seeks Member Donations to Fill Covid Funding Gap

Association is in a "challenged position" due to restrictions imposed by the pandemic.

4 Dec 2020