All News

Demand Worries Grip Traders Yet Again, Oil Plummets

But the suddenly bearish sentiment is unjustified, says Flynn.

2 Sep 2020

Monjasa Sees Bunker Sales Grow in Every Month of 2020 Despite COVID-19

Monjasa sold a total of 4.5 million mt of marine fuels last year, up by 10% from the previous year.

2 Sep 2020

Cockett Marine Oil Sees 11-17% Global Bunker Demand Drop in 2020

CEO Cem Saral sees no return to pre-coronavirus demand levels before the middle of 2022.

2 Sep 2020

DFDS Targets 45% Cut in Greenhouse Gas Emissions by 2030

To achieve its aim, DFDS will need to reduce relative GHG emissions by a further 25-35% from 2019's levels over the next decade.

2 Sep 2020

New Technical Guidance Published on Methanol as a Marine Fuel

Classification society Lloyd's Register and industry organisation the Methanol Institute have jointly developed the document.

2 Sep 2020

Strong Manufacturing Data And Vaccine Hopes Give Modest Boost To Oil Prices

Analysts now concede that demand recovery is moving forward after all.

1 Sep 2020

New Partnership Seeks to Set Marine Fuel Sustainability Standards

The Sustainable Shipping Initiative (SSI) and the Copenhagen Business School have agreed to work together on the project.

1 Sep 2020

Maersk Reorganises Ocean and Logistics Division

The Safmarine brand will be integrated into Maersk, and the Damco brand's air and less-than-container load offerings will be combined within Maersk's products.

1 Sep 2020

Four Ships Arrested in Singapore

Banking giant HSBC is understood to be behind two of the arrests as a result of a cargo-related dispute.

1 Sep 2020

NewOcean to Retreat From Hong Kong Bunkering on 'Cut-Throat Tactics' Among Suppliers

Aggressive competition between bunker suppliers and tough conversations with banks are prompting a scaling-down of the company's oil products business.

1 Sep 2020

Monthly Crude Gains, Strong European Performance, But Analysts Still Gloomy

China recovery also better than expected.

31 Aug 2020

Scandlines Completes Bunker and Emissions Saving Rotor Sail Installation

Aboard its ferry MV Copenhagen.

31 Aug 2020

The Road to Zero: Interest Builds in Carbon Capture as Marine's First Onboard Trial Announced

"K" Line sets target of next year for sea trials of its CC-Ocean project, but will the technology be politically acceptable?

31 Aug 2020

South Korea's New 0.10% Sulfur ECA Launches This Week

From Tuesday the sulfur limit will be cut from the global 0.50% cap to 0.10% for ships in South Korea's new ECA.

31 Aug 2020

PwC Sues Hin Leong's OK Lim for $3.5 Billion: Straits Times

PwC accuses the Lim family of "deliberately concealing [Hin Leong's] losses and portraying it as a profitable company when it was in fact massively insolvent."

31 Aug 2020

More Weekly Gains For Oil But Analysts Still Singing The Covid Blues

Meanwhile, the U.S. continues to post promising economic data.

28 Aug 2020

California Air Resources Board Extends Shore Power Requirements

Container ships, reefers and cruise ships are already required to use shore power, and the new regulation adds car carriers and tankers to the list.

28 Aug 2020

First Ship-to-Ship LNG Bunkering in Malmo

Natural gas supplier Gasum bunkered United European Car Carriers' ship the M/V Auto Energy at Malmo on Tuesday.

28 Aug 2020

Straits Inter Logistics Sees 63% Drop in Oil Trading and Bunkering Profit

The company mostly cited this year's slowdown in shipping as being behind its worsening performance.

28 Aug 2020

NewOcean Energy Warns of $174 Million Q2 Loss

The company expects to post a second-quarter loss of HK$1.35 billion ($174 million), down from a profit of HK$301 million in the same period a year earlier.

28 Aug 2020