All News

FEATURE: Could a Clearing House for Bunker Trades Solve the Industry's Credit Problems?

NSI's Paul Hardy argues the establishment of a bunker clearing house could improve the industry's relationship with the banks.

19 Nov 2020

AIDA Cruises Seeks Carbon-Neutral Ship by 2030

The company plans to start testing battery power and fuel cells on board one of its ships next year.

19 Nov 2020

Singapore May be Delivery Point for China VLSFO Futures Contract

The move could grant the futures greater influence over bunker pricing worldwide.

19 Nov 2020

Oil Up On Improved Vaccine Performance, OPEC Maintaining Cutbacks

OPEC's compliance could see massive reductions in overhead.

18 Nov 2020

Bunker Trader CEO Sees New Maritime Lending Come With Strings Attached

The Poseidon Principles are helping to bring forward questions about the decarbonisation agenda into current discussions with potential lenders.

18 Nov 2020

Container Giant Maersk Saw 6.5% Drop in Bunker Consumption in Third Quarter

The company consumed a total of 2.621 million mt of bunkers in the third quarter.

18 Nov 2020

Alfa Laval Launches New Product Targeting Methane Slip From Gas-Powered Ships

The company's new PureCool solution recirculates exhaust gas at low pressure to reduce methane slip.

18 Nov 2020

Danish Prosecutors Seek Prison Sentence for Bunker Holding CEO

The prosecution in the case believes the Bunker Holding CEO knew or should have known about some of the jet fuel trades at the heart of the case.

18 Nov 2020

LNG Bunker Supplier Gasum Expands to ARA

Gasum has signed a deal with Equinor to supply LNG bunkers to them in Northwest Europe.

18 Nov 2020

Panama Bunker Demand Declines by 2.6% in October

The average stem size gained 20% to about 729 mt.

18 Nov 2020

Fujairah Fuel Oil Stocks Drop to 21-Month Low

Heavy distillate and residue stocks sank by 8.7% to 8.166 million barrels in the week to Monday.

18 Nov 2020

UK Supplier Propeller Fuels Expands to Greece

The supplier is about to open an office in Athens in its first international expansion since its formation three years ago.

17 Nov 2020

IMO Approves Decarbonisation Short-Term Measures

The measures include requirements on energy efficiency for existing ships from 2023 and formal carbon intensity targets from 2026.

17 Nov 2020

Mauritius: Scientists Query Nature of Spilled Bunker Fuel

As clean up operation on Indian Ocean's island beaches is set to conclude in January.

17 Nov 2020

New Grieg Star Unit to Pursue Decarbonisation

Norwegian shipowner sets up subsidiary focused exclusively on sustainability goals.

17 Nov 2020

Iraqi oil Firm Issues Fuel oil Export Tender

Move seen as attempt to curtail exports through third parties.

17 Nov 2020

DDD-Batman Project to the Rescue on Maritime Battery Health

The project will aim "to develop data-driven methods for diagnostics and prognostics of battery systems," DNV said.

17 Nov 2020

Evergreen Receives Fifth Scrubber-Equipped Boxship

The ship is the fifth of eight ordered from Samsung in 2018, and the sixth is due to be delivered in December.

17 Nov 2020

First Rotterdam Bunkering of Giant Gas-Powered CMA CGM Boxship Included Bio-LNG

About 13% of the quantity delivered was biomethane.

17 Nov 2020

Shipowners to IMO: We Want $2/mt Bunker Levy to Fund Decarbonisation Efforts

Shipowner associations representing 90% of the world merchant fleet want the charge placed on marine fuel consumed.

16 Nov 2020