All News

Insurer Skuld Reports Increase in Bunker Fuel Quality Disputes

The firm has recently seen an increase in bunker quality disputes between its members and bunker suppliers.

20 Oct 2021

Italian Bunker Supplier ReSeaWorld Opens Greek Office

The company's new general manager in Greece was previously a senior bunker trader at BMS United.

20 Oct 2021

KPI Bridge Oil, Straits Bunkering Employees Face Corruption Charges in Singapore

KPI says previously suspended accused trader now fired after charges relating to deals in 2017-2018 were laid yesterday.

20 Oct 2021

Carbon Capture for Ships is 'Two or Three Years Away': Wärtsilä

The firm will first try out a 1MW test system at its Moss headquarters in Norway.

20 Oct 2021

More 'Short Term' Losses For Oil As Demand Shows No Signs Of Abatement

Meanwhile, shale producers will get a break from the banks.

19 Oct 2021

Straits Energy Resources Adds Bunker Barge in Malaysia

Straits subsidiary SMF Beluga has agreed to acquire the 7,820 DWT bunker delivery vessel Empower.

19 Oct 2021

Japan's MOL to Take on Ammonia-Powered Ship Engine

The company has signed a memorandum of understanding with MAN ES and Mitsui E&S Machinery looking to buy the engine at a later date.

19 Oct 2021

Amazon, Ikea Among Firms Pledging to Zero-Carbon Shipping by 2040

The group defines zero-carbon fuels as being those that have zero greenhouse gas emissions on a lifecycle basis.

19 Oct 2021

High Prices are Delaying LNG Bunkering Projects: Kanfer Shipping

LNG bunker prices at Rotterdam have gained 327% since the start of 2021.

19 Oct 2021

Biofuels 'Critical' for Shipping Decarbonisation: TotalEnergies

The firm believes biofuels will play a large role in shipping's energy transition.

19 Oct 2021

Celsius Tankers Orders Four Gas-Powered LNG Carriers

The company has ordered the ships from Samsung Heavy Industries for delivery in 2023 and 2024.

19 Oct 2021

Oil Prices Cool On Sudden Sentiment That Demand May Not Be So Intense As Hyped

Still, OPEC continues to fail to pump at expected levels.

18 Oct 2021

Peninsula Sees Long Term Relevance for Scrubbers, HSFO Amid High Oil Prices

Today's dual fuel vessels will still potentially burn HSFO for the next 25-30 years, says CEO John Bassadone.

18 Oct 2021

'More and More Interest' Emerging in Bunker Carbon Offsets: KPI OceanConnect

"We've had sellers come to us looking to access the shipping industry," says US-based director Charley Davies.

18 Oct 2021

Rotterdam VLSFO Jumps Above $600/mt For First Time, Beating IMO 2020 High

The previous high was $598/mt, reached on January 6, 2020 as the abnormal market conditions of the IMO 2020 transition allowed for steep trading margins on concerns over the supply of the then new fuels.

18 Oct 2021

IBIA Seeks Nominations for Board

Nominations for candidates replacing board members whose term ends on March 31 of next year must be submitted by December 16, 2021.

18 Oct 2021

Peninsula Joins Shipping's 2050 Net Zero Target Club

The company has signed the Global Maritime Forum's Call to Action for Shipping Decarbonization.

18 Oct 2021

Panama September Bunker Sales Gain 3.4% on Year

September's total was up by 3.4% from a year earlier and down by 0.2% from August's level.

18 Oct 2021

Independent Bunker Suppliers Face 'Insurmountable Challenges': Tolson

Tolson argues independent suppliers have not changed their models notably since a period of 'profit at unprecedented levels' in the mid-2000s.

18 Oct 2021

No End In Sight For Oil Price Gains As Worry Over Energy Crunch Intensifies

Kemp takes producers to task for using Covid as an excuse not to boost output.

15 Oct 2021