Oil prices spiked to 13-month highs after the Texas Freeze, which knocked out as much as 4 million bpd of U.S. oil production and 6 million bpd of refining capacity. The production outages have created a tighter supply situation that

Bunker terminals and suppliers in the Houston area are

METIS Cyberspace Technology has refined its cloud-based data acquisition and ship performance reporting solution to offer shipping’s first tool to predict the trade-off between emissions reduction and debt servicing for ships financed under the Poseidon Principles.

Designed to incentivise maritime de-carbonisation,

Cargill and Maersk Tankers are embarking on a strategic partnership to combine their bunker volumes, offering a new bunker procurement service to tramp shipping companies and trading houses. The initial goal is to procure bunker fuel for Cargill and Maersk

According to the World Bank, trade represented more than 60% of the global gross domestic product (GDP) in 2019. And 90% of the world’s trade is facilitated by the shipping industry, according to the International Chamber of Shipping. The vast

Nordic energy company Gasum has entered into an agreement with the City of Vaasa, NLC Ferry Oy and Wärtsilä Finland Oy to supply liquefied natural gas (LNG) to Wasaline, which operates the Vaasa-Umeå ferry route, and for use in Wärtsilä’s

Singapore-based independent test and research facility Maritec is advising shipowners on how best to meet IMO 2020 fuel testing requirements following reports of excessive sulphur in some very low sulphur fuel oils.

In a Technical Bulletin issued to customers in December,

Kalmar’s commitment to reducing the environmental impact of its machines is helping Broekman Logistics meet its objective of increasing the eco-efficiency of its fleet while enabling round-the-clock operations.

Broekman Logistics specialises in providing customised logistics solutions for producers and distributors of

VLCC

Another stagnant week in this market with Worldscale fixing rates improving by less than a point. In the Middle East region, 280,000mt to US Gulf via the Cape/Cape routing continues to be assessed at around WS18.5 level and rates for

Gazpromneft Marine Bunker, operator of the Gazprom Neft bunkering business, delivered a 3.5-fold increase in ship-to-ship sales of MARPOL-compliant marine fuels in 2020,* reaching 1.1 million tonnes and giving the business a 20% market share in low-sulphur and ultra-low-sulphur bunkering