While the spotlight within the maritime industry is increasingly focussed on the multiple future fuel pathways that will power the shipping industry towards its decarbonization targets towards 2050, there is also the reality that currently over 99% of the world’s shipping fleet is using conventional fuels.According to the IMO’s recently launched website developed by the Future Fuels and Technology…
2024 LSFO exports 18.33 mln tons, -1.6% vs 20232024 fuel oil imports +7.4% at record 24.1 mln tonsFuel oil imports to trend down in 2025 on new tariffs, tax policy China's exports of low-sulfur marine fuels dipped 1.6% in 2024 from the previous year…
New standards for bunkering methanol and ammonia will be developed by 2024 and 2025 respectively, the Maritime and Port Authority of Singapore (MPA) said on Wednesday.The world's largest vessel refueling hub is preparing for higher uptake of alternative bunker fuels…
Spot premiums for 380-cst high-sulphur marine fuel at Singapore, the world's largest bunker hub, have surged due to the tight supply available for prompt deliveries, market sources said.The price strength for the fuel, which is used to power ships…
China's COSCO Shipping Corporation has signed a preliminary agreement with Australia's Fortescue to jointly build a green fuel supply chain to help reduce pollution from the shipping industry, the Chinese company said on Monday.The memorandum…
Crowley named Walter Tague as vice president of sales and supply for its Crowley Fuels businesses unit, which services energy logistics needs throughout Alaska. With more than 30 years of maritime industry experience specializing in supply chain management and support in the oil and gas sectors…
Contaminated marine fuels from several suppliers led to fouled engines on about a dozen vessels operating from the U.S. Gulf Coast this spring, according to Lloyd's Register and marine fuel testing service VPS.The tainted fuel was the first major occurrence along the U…
In late June, NYK supplied biodiesel fuel at Kinuura port (Aichi Prefecture) to the wood-chip carrier Daio Austral, which transports wood chips for Daio Paper Corporation. This was the first oceangoing vessel operated by NYK to receive biodiesel fuel in Japan…
NYK Line, IHI Power Systems Co., Ltd., and ClassNK signed a memorandum of understanding (MoU) with City of Yokohama for the acceptance of an ammonia-fueled tugboat (A-Tug) at the port of Yokohama.The conclusion of this MoU is part of the Green…
Chevron Marine Lubricants’ new Taro Ultra Advanced 40 has passed the Main NOL (No Objection Letter) Service and Confirmation field tests by MAN Energy Solutions, which allows the oil’s uninterrupted use in its Mk 9 and later engines.Since the International Maritime organization (IMO) 0…
Shell Marine received a full No Objection Letter (NOL) from MAN Energy Solutions (MAN ES) for Shell Alexia 40 XC, its Category II (CAT II) 40BN cylinder oil, confirming the successful completion of the full approval process.Alexia 40 XC uses a proprietary and unique formulation…
Dover Fueling Solutions (DFS) announced its expanded agreement with Global Technical Services (GTS) for the provision of its DX Wetstock management services to the Egyptian markets.GTS, based in Cairo, Egypt, is a longstanding distributor of…
FuelTrax has partnered with Topl to use Topl’s Blockchain-as-a-Service (BaaS) platform to meet the demand for greater transparency in energy trading operations.With blockchain integrated into EFMS products, each step in the energy trading process has an equivalent digital step…
As of August 1, 2021, Wilhelmsen will begin to take over sales, logistics and consulting for Klüber Lubrication’s maritime portfolio for its sea going vessels. Initially within European countries and Southeast Asia, followed by the rest of the world from October 2021…
In 2015 Stena Line converted the 240-m Stena Germanica to become the world’s first methanol powered ferry. Fast forward six years and the Swedish ferry company has achieved another world first, powering Stena Germanica with methanol recycled…