Russia’s biggest tanker operator will launch four new vessels in 2018 that will run on liquefied natural gas (LNG), Bloomberg reported. Sovcomflot’s Aframax ships, capable of carrying 600,000 barrels of oil through the Baltic Sea to the port of Rotterdam…
Breaking down the challenges of the 2020 sulfur cap can be confusing. Matti Bargfried provides a primer. What has happened so far? The IMO this October voted in its 70th session of the Marine Environment Protection Committee to globally cap the maximum amount of sulfur allowed to 0…
The first Singapore Technical Reference (TR) 56 for Liquefied Natural Gas (LNG) Bunkering was launched by the Maritime and Port Authority of Singapore (MPA), SPRING Singapore and the Standards Development Organisation @ Singapore Chemical Industry Council (SDO@SCIC)…
The Bomin Group, a global physical supplier and trader of marine fuel oil, today reaffirmed its commitment to providing physical bunkering products and services in the Baltic, including Rostock, Germany’s largest Baltic port. In line with the company’s new regional hub structure…
Glander International Bunkering has announced the hire of two new traders for their Mumbai office; Shaifali Gusain and Nildeep Dholakia. The hire is strategically aligned with the company’s continued efforts to cultivate trader talent across its offices worldwide…
Effective April 1, 2017, Yanmar America has announced changes to its organizational structure that will strengthen its customer support functions in accordance with the company’s growth strategy through the integration of business functions and a department design that will accelerate results…
KPI Bridge Oil, a global trader and broker in marine fuels, marine lubricants and risk management products, has announced its move to a new location in the City of London.The KPI Bridge Oil Group has strong maritime roots and has been a major stakeholder in the bunker industry for over 45 years…
A.P. Moller-Maersk's new chairman committed to automating its systems as the oil and shipping group steps up its drive to become more efficient and save costs at a time of low oil prices and declining freight rates.The more than 100-year-old conglomerate's digital push will mean that in theory…
Following much debate the EU Port Services Regulation (PSR) finally came into force today. EU member states will be required to implement the legislation within two years of this date meaning that the PSR will be effective from March 24, 019…
ABS, a provider of classification and technical services to the marine and offshore industries, held its annual National and Regional Committee meetings in London, Copenhagen and Hamburg in mid-March. “Our committee meetings provide a platform for transparent…
Oil company Royal Dutch Shell has signed a three-year contract to lease storage tanks at a large terminal in Panama that had been used by U.S. refining company Tesoro Corp, sources involved in the deal told Reuters.The facility, designed for storage and transshipment of crude oil to tankers…
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, has announced that its 2017 Guardian Award will be presented to ConocoPhillips, a Houston-based oil and natural gas producing company…
Rising exports have thrown a lifeline to U.S. shale producers and refiners, giving them an additional outlet at a time when the domestic market has been at risk of becoming saturated.The United States exported record quantities of natural gas…
Shell Marine said it has become the first company involved in the development, supply and support of marine lubricants to receive accreditation under the International Marine Purchasing Association’s IMPA ACT Sustainable Maritime Suppliers scheme…
Russia could double gasoline exports in coming years due to a leap in its refining capacity and a falloff in domestic demand, which could worsen a fuel overhang in Europe, according to experts and Reuters calculations.Russian gasoline exports jumped by more than 15 percent last year to 3…