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MOL to Move into Ocean Shipping of Liquefied CO2 Ocean Transport Business through Investment in Norway’s Larvik Shipping


Mitsui O.S.K. Lines, Ltd. yesterday announced that it has decided to invest in Norway-based Larvik Shipping AS, a ship management company for liquefied CO2 carriers, marking MOL’s first foray into the liquefied CO2 ocean transport business.

Liquefied CO2 ocean transport plays

NYK Subsidiary Concludes COA with Neste for Eco-friendly Renewable Diesel


NYK Bulkship (Asia) Pte. Ltd., an NYK Group company based in Singapore, has signed a Contract of Affreightment (COA) with Neste Shipping Oy, a wholly owned subsidiary company of Neste Oyj (Neste) headquartered in Finland, for the ocean transportation of

MABUX: Weekly Bunker Prices Fluctuate During the Week


MABUX World Bunker Index has shown irregular changes during the week. The 380 HSFO index has declined from 431.14 USD/MT to 428.88 USD/ MT (-2.26 USD), VLSFO has lost 2.80 USD: from 535.43 USD/MT to 532.63 USD/MT. MGO LS increased

Fitch Ratings Raises Short-Term Oil and Gas Price Assumptions


Fitch Ratings has raised its 2021 and 2022 oil price assumptions for Brent and West Texas Intermediate (WTI) benchmarks to reflect a stronger-than-expected demand recovery and supportive OPEC+ output policies. The 2021 gas price assumptions have also been increased reflecting

ABS Launches Smart Emissions Reporting Tool


ABS has added another smart digital tool to its industry-leading environmental compliance support for shipowners and operators.

ABS Emissions Reporter™ allows vessel operators to input and monitor their IMO Data Collection System (DCS) and EU Monitoring Reporting and Verification (MRV) review

Tankers: VLCC Market Slips Further



Overall rates slipped further downwards, for Middle East region 280,000mt to US Gulf via the Cape/Cape routing continues to be assessed at WS18-18.5 level. Meanwhile, rates for 270,000mt to China eased another 1.5 points to WS28-28.5 level (showing a TCE

HSBC: The Marine Sector Can Still Work Towards Low Carbon Shipping


Exploring how batteries, biofuels, hydrogen, ammonia and digitalisation can all help decarbonisation

Shipping accounts for 13% of the carbon dioxide emitted by transport. The industry has been set a target of halving greenhouse-gas emissions by 2050, relative to 2008 levels, but

Big Oil’s separate paths to decarbonisation


There’s more than one way to set about decarbonising an oil and gas giant. The Euro Majors are diversifying away from oil and gas, making significant investments in renewables and have plans to invest all along the low-carbon value chain.

MABUX: Bunker Prices Trending Higher


MABUX World Bunker Index is back to firm uptrend after a slight decline a week earlier. The 380 HSFO Index has risen by 18.35 USD: from 411.95 USD/MT to 430.30 USD/MT. VLSFO Index has increased by 17.45 USD: from 516.90

Minerva Bunkering Introduces Carbon Neutral Marine Fuel Offering


Minerva Bunkering has launched a new offering that enables customers to mitigate carbon emissions associated with the bunker fuel they consume. With each transaction, Minerva retires verified carbon offset certificates in an equal and offsetting amount to the emissions value

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