As the world celebrates ‘Earth Day,’ Hapag-Lloyd is publishing the company’s first sustainability report ever. Within the report, the shipping company is announcing for the first time the climate goal it has set for itself: By 2020, Hapag-Lloyd intends to

In the broader context of firm global LNG demand growth, Australian offshore gas mega-projects have been a significant feature of the offshore sector for the last decade, driving innovation (think Prelude FLNG) and yielding rapid production growth. There are also

The first edition of IBIA’s “Best practice guidance for suppliers for assuring the quality of bunkers delivered to ships” was welcomed by the 72nd session of the IMO’s Marine Environment Protection Committee (MEPC 72) last week, where it was agreed

Product markets in 2017 saw record-high refinery margins across the globe, and this encouraging momentum for global product markets has continued in the 1Q18. In the lead up to the summer season in the northern hemisphere, indicators are pointing to

A proposal by China to mandate specific ISO test methods for sulphur, building on a proposal made by IBIA to the IMO earlier this year, has won support to be further considered as the IMO works on measures to ensure

Natural gas production
An assessment of monthly data[1] shows that in 2017 OECD natural gas production grew by 2.4% compared to 2016. This growth was driven by increases in production across all OECD regions, particularly in OECD Asia Oceania (+17.7%), whilst

The Caribbean refining sector remains under pressure with recent market reports indicating that utilization declines have exceeded the typical seasonal decline for this period. JBC Energy estimates that Mexican refinery utilization dipped to a low of 33% in February, from

In the first quarter of 2018, 1.2% less freight passed through the Port of Rotterdam than in the same period last year. In total, 117.8 million tonnes were handled against 119.3 million tonnes in the same period in 2017. The

Ports play an important role in reducing the global carbon footprint of maritime shipping, says a new report by the International Transport Forum.

Greenhouse gas emissions from shipping currently represent around 2.6% of total global emissions. Without reduction measures, this share

Grindrod are pleased to announce that the sale of its Bunker Division, Unicorn Bunker Services (Pty) Ltd has been finalised for an undisclosed amount. The transaction was financed through the IDC. The company is now co-owned by WOESA (Women in