All News

Oil Declines On OPEC Demand Recovery Forecast, But Bullish Sentiment Still Prevails

Meanwhile, experts ponder possible outcomes of OPEC Thursday meeting.

31 Mar 2021

Tanker Company International Seaways to Merge With Diamond S Shipping

The companies expect to save more than $23 million in annual costs after merging.

31 Mar 2021

Maersk Halts Spot Bookings on Suez Blockage Backlog

"We have earlier communicated that even when reopened, the blockage of the Suez Canal would have ripple effects on global supply chains for weeks to come."

31 Mar 2021

Fujairah Bunker Market Recovers From Refinery Outage

Heavy distillate and residue stocks at the port jumped by 16% on the week to 8.236 million barrels as of March 29.

31 Mar 2021

MOL Seeks to Develop Wind-Powered Bulker

The firm has signed a memorandum of understanding with renewable energy company Enviva to work on the project together.

31 Mar 2021

NewOcean Energy Posts Profit Warning on Bunker Margin Slump

The company also noted problems in recovering money from its customers.

31 Mar 2021

Seaspan Orders Six 15,500 TEU Scrubber-Equipped Container Ships

The six 15,500 TEU ships will be delivered between the second half of 2023 and the middle of 2024.

31 Mar 2021

Oil Down On Unblocked Canal As Analysts Now Focus on Thursday OPEC Meeting

Meanwhile, the Saudis are expected to maintain output cuts into June.

30 Mar 2021

Suez Blockage Puts Djibouti in Spotlight as Bunkering Destination

Bunker volumes were up by around 25% from their normal levels last week as the 20,000 TEU container ship Ever Given blocked the canal.

30 Mar 2021

Rosneft Saw 32% Collapse in Bunker Sales in 2020

The company sold 1.9 million mt of bunker fuel last year, down from 2.8 million mt in 2019.

30 Mar 2021

Gunvor Outlines Energy Transition Goals

Switch to eco ships will curtail carbon footprint.

30 Mar 2021

Suez Canal Blockage Could Lift Singapore Bunker Sales

As diverted ships require more bunker fuel.

30 Mar 2021

Poland: Swinoujscie-Szczecin Waterway Upgrade to Boost Regional Trade

Bunker supplier Oktan Energy's robust logistical operation has been crucial to project's success.

30 Mar 2021

DS Norden Hires Head of Procurement From DFDS

The new hire had served at DFDS for almost eight years, most recently as head of direct procurement and previously senior manager for bunker procurement.

30 Mar 2021

Lean Marine Offers Shaft Power Limitation Product For IMO EEXI Compliance

The IMO's Energy Efficiency Existing Ship Index (EEXI) is likely to come into force in two years' time, setting efficiency targets for ships to drive greenhouse gas emissions cuts.

30 Mar 2021

Addax Energy Launches Mauritania Physical Supply Operation

At present Addax is supplying VLSFO and DMA MGO at the Nouadhibou anchorage, and the company will consider extending its operation to cover Nouakchott as well.

30 Mar 2021

Kyushu Electric Power to Bunker Japan's First LNG-Fuelled Ferries

A Kyushu Electric Power subsidiary will supply about 50 mt/day of LNG to two LNG-fuelled ferries operated by MOL Group company Ferry Sunflower Limited.

30 Mar 2021

Japan Waives Port Fees for LNG- and Hydrogen-Fuelled Ships

Tokyo's port bureau plans to waive fees as of April 1 for LNG-fuelled ships and LNG bunker barges as well as ships fuelled by hydrogen and hydrogen fuel cells.

30 Mar 2021

OPEC Assurance Boosts Oil Prices, While Airport Traffic Heralds Demand Recovery

Meanwhile, Kemp says hedge fund managers are "bullish" on oil.

29 Mar 2021

BP Sinopec Marketing Hire May Signal European Expansion

BP and Sinopec announced their joint venture, primarily based on the Singapore and wider Asian market, in 2015.

29 Mar 2021