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Hapag-Lloyd plans 20 percent reduction in CO2 emissions by 2020

24/04/2018

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

Hitting The Gas: Australian Offshore Gas Production

24/04/2018

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

IBIA’s best practice for suppliers to form basis for developing IMO guidance

23/04/2018

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

OPEC: Summer product market outlook

23/04/2018

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

MEPC 72: Proposal to mandate ISO sulphur test methods to be discussed further

21/04/2018

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

IEA: Key Natural Gas Trends 2017

21/04/2018

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

Mexico’s Clean Imports on the Rise

20/04/2018

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

Port Of Rotterdam Quarterly Result: Growth In Container Throughput Continues In First Quarter

20/04/2018

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

How Ports Can Help to Cut Shipping CO2

19/04/2018

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 supports transformation in the South African maritime industry through the sale of its Bunker Division

19/04/2018

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

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