Seven months after the United Nations' shipping agency brought in hotly anticipated new rules to curb emissions, the raft of technical issues and leap in fuel prices that were expected to result have failed to materialize, ING Bank said on Tuesday…
Cryopeak LNG Solutions Corporation said Wednesday it has signed a Memorandum of Understanding with marine bulk fuels transporter Island Tug & Barge Ltd. (ITB) to deliver liquefied natural gas (LNG) bunkering services in Southwest British Columbia…
Marine fuels supplier Monjasa says it is further developing its services in America’s top bunkering hub.The Houston Greater Area welcomes 1,375 vessel arrivals monthly and sees marine fuels demand of an estimated 4.5-5 million metric tons yearly…
Shipping company SwiftBulk Holding Co. Ltd, a subsidiary of Tiptree Inc., has partnered with FUELTRAX to install EFMS (Electronic Fuel Monitoring System) and FUELTRAX Vision on its 2009-built Kamsarmax dry bulk carrier vessel the Thestelia K (82…
The pace at which the maritime industry transitions to low- and zero-carbon fuels will have the single biggest impact on its global carbon footprint, more than predictable shifts in commodity demand, advances in ship technology and operating practices…
The new chief executive of Trafigura's marine fuels joint venture TFG Marine will leave the business at the end of September, the company said on Monday without disclosing the reason for his departure.Anders Gronborg was appointed CEO in April…
Chinese refiners have the capacity to produce 18.1 million tonnes of low-sulphur fuel oil (LSFO) this year, which would make the country self-sufficient in the new shipping fuel, an official with state major PetroChina said on Monday.China has…
Shipping company Stena Bulk said Monday it is offering low-carbon biofuel as an option for its customers following trials of the cleaner but costlier fuel on board one of its tankers in April.Customers will have options ranging from 20% to 100%…
Ship fuelling activity in Fujairah in the United Arab Emirates, a bunkering and fuel storage hub in the Middle East, fell in May as declining demand was made worse by slowing global trade because of the coronavirus pandemic, four trade sources said…
Total Lubmarine has extended the global reach of its technical support services with the opening of a new Diagomar Plus Laboratory in Chicago, Ill.The new lab opening means the marine lubricant specialist now has five centers around the world – with Chicago joining Ertvelde (Belgium)…
China's Shanghai International Energy Exchange (INE) published rules for the low-sulphur fuel oil (LSFO) futures on Wednesday, according to the exchange's website.The new futures contract, which will be launched on June 22, will be traded at 10 tonnes per lot…
A U.K. startup tracking fuel-use performance in aviation will look to apply its product in the maritime sector in an effort to improve the environmental record of the shipping industry.One of 10 winners of MarRI-UK funding, Signol and its academic…
China's low-sulphur marine fuel exports rose by a third in April compared with March to the highest level yet after it waived export taxes for domestic refiners to meet shipping demand, Chinese customs data showed.Chinese refiners began exporting…
Shipowners see ammonia and hydrogen as the most attractive fuel options for the long term, according to an ABS survey. Nearly 60% of respondents said they viewed hydrogen and ammonia as the most attractive fuel choices in the long-term.The survey…
The sulfur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the center stage in the shipping industry at outset of the new decade. Four months on, the spotlights have turned to the coronavirus and the OPEC+ oil price war…
