The energy transition is gathering pace. But however fast it moves, oil and gas will play a significant role in meeting energy demand for decades to come. However, as the industry has significantly more barrels available than needed, only the

In 2020, total U.S. energy consumption fell to 93 quadrillion British thermal units (quads), down 7% from 2019, according to EIA’s Monthly Energy Review. Last year marked the largest annual decrease in U.S. energy consumption in both percentage and absolute

MABUX World Bunker Index has shown irregular changes during the week. The 380 HSFO index has increased from 408.36 USD/MT to 414.48 USD/ MT (+6.12 USD), VLSFO has lost 5.08 USD: from 505.14 USD/MT to 500.06 USD/MT. MGO LS decreased

Sea fog and poor visibility shut the Houston Ship Channel temporarily this week,

Euronav NV reported its final financial results today for the full year to 31 December 2020.

Hugo De Stoop, CEO of Euronav said: “2020 will be recorded as one of the most tumultuous in tanker market history. Euronav’s positioning ensured shareholders

There

To support the Low Carbon Shipping effort, the IMO Global Industry Alliance (GIA) published a guide with eight practical measures seaports can take to reduce greenhouse gas emissions from shipping. The Port of Rotterdam was actively involved in bringing about

Navigare Logistics, Amon Maritime and Mosvolds Rederi join forces to create a pure zero emission shipping company, offering short sea bulk transportation without emissions of CO2. This partnership demonstrates the ambition to be a leading player in the green shift

While Fujairah’s bunker market has mostly recovered from production issues two weeks ago, supply is now tighter as blending components have been held up in delayed

Lean Marine’s automated propulsion optimization technology, FuelOpt™ is able to assist ship operators comply with the current IMO EEXI framework by safely limiting shaft power output.

GOTHENBURG, SWEDEN: MARCH 29, 2021: Swedish propulsion optimization experts, Lean Marine is proud to announce