All News

Panama Bunker Demand Could Lose Another 4% This Year: Peninsula

In 2020 the country's demand dropped by 14% to 4.7 million mt, while in the first quarter of 2021 sales volumes were down by 6.9% from the same period a year earlier at 1.3 million mt.

19 May 2021

MOL to Rejoin Ammonia Transport Business

The company has chartered the 35,000 m3 ammonia/LPG carrier the Green Pioneer and signed a deal with ammonia trading firm Trammo.

19 May 2021

Frontline Buys Six Scrubber-Fitted VLCCs

The first five ships are due for delivery in 2022, starting from the first quarter, and the last one in the first quarter of 2023.

19 May 2021

Ardmore to Expand Use of FuelOpt System After Successful Trial

Ardmore had tried out the system on board its MR tanker the Ardmore Sealion last year.

19 May 2021

Oil Dips On Iran Fears But Brent Breaks $70 On Demand Recovery

Analysts doubt that relations with Iran will be repaired anytime soon.

18 May 2021

Panama Bunker Volumes Sink in April

Total sales reached 402,313 mt last month, the lowest level since November 2020.

18 May 2021

X-Press Feeders Backs Nuclear Power for Shipping

X-Press Feeders has made an investment in UK-based Core Power, which is developing a modular molten salt reactor.

18 May 2021

Indian Navy Rescues 177 People From Cyclone-Hit Accommodation Barge

Cyclone Tauktae made landfall in Gujarat at about 8:30 PM local time on Monday evening.

18 May 2021

No Delays Expected From New Singapore Contactless Rules: Fratelli Cosulich

The MPA published new measures aimed at restricting the transmission of COVID-19 last week.

18 May 2021

Oman Project Targets 9.9 Million MT/Year of Green Ammonia Production

The company plans to develop 25 GW of solar and wind power capacity at a site in Oman to produce green hydrogen that can then be used to make ammonia for marine fuel and other uses.

18 May 2021

IEA Sees Hydrogen and Ammonia Taking up 63% of Bunker Demand by 2050

The Paris-based agency has released what it calls a roadmap for how to reach global net-zero emissions by 2050.

18 May 2021

Rotate Naval Presence in Gulf of Guinea to Suppress Piracy: BIMCO

The Gulf of Guinea was responsible for more than 95% of the 135 seafarer kidnappings reported globally last year.

18 May 2021

NYK Trading Signs Deal to Sell Sterling PlanB Battery Systems in Japan

As part of the deal NYK plans to sell Sterling PlanB's systems to small vessels including tugboats, short-distance ferries and merchant vessels in Japan's domestic market.

18 May 2021

Bunker Supplier Monjasa Hires Americas Credit Manager

The new hire had previously served in a variety of banking roles in Panama and Venezuela.

18 May 2021

Oil Gains on Global Demand Recovery, But India, Asia, Still Sources Of Concern

Meanwhile, jet travel in the U.S. surges as Covid restrictions are relaxed.

17 May 2021

Eco Marine Power Signs Deal to Develop Solar Cells for Shipping

The two firms are cooperating to develop what they call Ship Integrated Photovoltaic Systems.

17 May 2021

Additive Firm Sees Excessive Storage Times Behind VLSFO Stability Issues

Newport recommends two of its additive products as a solution to this problem: NP-HFO and NP-FOT.

17 May 2021

Hybrid LNG-Wind Container Ship Wins Bureau Veritas AiP

The Trade Wings 2,500 design has six Oceanwings sails and an LNG power plant.

17 May 2021

Swiss Firm Eyes Marine Tech Opportunity

Switzerland's Daphne Technology is to use crowdfunding to get its products closer to market.

17 May 2021

Australia: Remaining Refineries Secure State Backing

Substantial subsidy provides support until end of decade.

17 May 2021