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Climeon Tests System That Turns Ship Engine Heat into Electricity
Jan 2, 2026 ... Climeon has completed a factory acceptance test of its HeatPower 300 system, confirming it is ready to generate electricity on a new cement carrier. The system will be installed on a ...
China Delivers World's First Methanol Dual-Fuel VLCC
Jan 2, 2026 ... dual-fuel methanol very large crude carrier (VLCC) was delivered in Dalian in China, marking the first delivery of its kind globally. The New Explorer has been built by Dalian Shipbuilding ...
Bureau Veritas Approves Jiangnan Shipyard's Green Ship Designs
Jan 2, 2026 ... Veritas (BV) has approved four new ship and fuel system designs from CSSC Jiangnan Shipyard. One of the designs is a 20,000 m3 liquid hydrogen carrier for long-distance transport of green ...
Weekly Vessel Scrapping Report 2025: Week 53
Jan 1, 2026 ... a credit manager, the last thing you want to discover when chasing an invoice is the vessel you bunkered 4 weeks ago has just been sold for scrap. And today, the risk of that happening is ...
ANALYSIS: Shipping's Jump in EU-ETS Costs Will Offset Bunker-Price Decline in 2026
Jan 1, 2026 ... compliance costs for VLSFO may jump by 72.6% this year 1 mt of intra-EU VLSFO consumption will generate $319.30 of EU-ETS compliance costs EUA prices are rising, EU-ETS phasing-in ...
EU Marine Fuel Cost Jumps as New EU-ETS Rules Take Effect from Jan 1, 2026
Jan 1, 2026 ... rise today, with new rules under the EU's emissions trading system (EU-ETS) taking effect from January 1, 2026. In real terms, Ship & Bunker data indicates that at the end of 2025 owners ...
WTI Ends 20% Lower For The Year As Even Worse Prospects Forecast For 2026
Dec 31, 2025 ... anticipated for over a week now, oil on the last day of 2025 hurtled towards the dismal distinction of suffering its worst year since the onset of the Covid lockdowns, with West Texas ...
Vinssen Launches Korea's First Hydrogen Fuel Cell-Powered Vessel
Dec 31, 2025 ... Korean fuel cell firm Vinssen has launched South Korea's first hydrogen-fuel cell-powered vessel. The Hydro Zenith has been developed under the Ministry of Oceans and Fisheries' interim ...
HD Hyundai Validates Ethanol Use on Its Dual-Fuel Marine Engine
Dec 31, 2025 ... Korea's HD Hyundai Heavy Industries has validated the use of ethanol fuel on its four-stroke dual-fuel marine engine. The company carried out combustion and operational tests using ethanol ...
Maersk Appoints New Regional President for North America
Dec 31, 2025 ... - Maersk has appointed Ditlev Blicher as its new regional president for North America, effective January 1, 2026. Blicher takes on the role after serving as Maersk's regional president for Asia ...
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Crude Futures Jump as President Trump Signals Weeks of Iran Strikes Ahead

Crude Futures Jump as President Trump Signals Weeks of Iran Strikes Ahead

President Trump signalled that US military actions against Iran may continue for the next 2-3 weeks.

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WTI Hits 6 Year High As Investors Now Doubt Trump's Vow to End Iran War Soon

WTI Hits 6 Year High As Investors Now Doubt Trump's Vow to End Iran War Soon

Meanwhile, OPEC may release more oil to compensate for Hormuz closure.

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EU Sees Iran Conflict Impact on Energy Markets as Not Short-Lived

EU Sees Iran Conflict Impact on Energy Markets as Not Short-Lived

EU Energy Commissioner Dan Jorgensen says the bloc's oil import bill has risen by €14 billion since the start of the conflict.

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