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ICS welcomes progress on carbon pricing at IMO Working Group

23/10/2021

The International Chamber of Shipping has welcomed calls from the International Maritime Organisation for impact assessments to be submitted showing the likely effects of a carbon price on the industry.

Following today’s conclusion of the Intersessional Working Group on Reduction of

ENGINE: Americas Bunker Fuel Availability Outlook

23/10/2021
Gulf Coast fuel oil production has recovered to pre-hurricane levels, and supply remains limited in Panama.

US Gulf Coast refineries have ramped up fuel oil production to levels not seen since late August, before the region was battered by two

MABUX: Bunker Prices Trending Firmly Upwards

22/10/2021

On a Week 42, the MABUX World Bunker Index continued its firm upward trend. The 380 HSFO index rose by 8.88 USD : from 533.54 USD / MT to 542.42 USD / MT. The VLSFO index increased by 15.50 USD:

Congestion, Expanded Operations Challenge US Cargo Port Efficiency

22/10/2021

US cargo ports continue to see strong revenue performance as a result of sustained congestion and record volume, Fitch Ratings says. However, maintaining operational efficiency is an increasing challenge as bottlenecks have not yet resolved due to disrupted supply chains,

Aspen Institute Launches coZEV Initiative with Major Corporations to Support Zero-Carbon Shipping

21/10/2021

Through a new collaborative, cargo owner-led network facilitated by the Aspen Institute, a group of climate-forward brands have announced a first-of-its-kind target to progressively switch all of their ocean freight to vessels powered by zero-carbon fuels by 2040. Amazon, Brooks

Yanmar Conducts World’s First 70 MPa High-Pressure Ship Refueling with Hydrogen

21/10/2021

Yanmar Power Technology (YPT), a Group company of Yanmar Holdings Co., Ltd., has conducted the world’s first 70 MPa high-pressure hydrogen refueling of a ship using a demonstration test boat equipped with a hydrogen fuel cell system. The test boat

EIA projects non-OECD Asia to become the largest importers of natural gas by 2050

21/10/2021

In our International Energy Outlook 2021 (IEO2021), we project that non-OECD countries in Asia will collectively become the largest importers of natural gas by 2050. In 2020, the countries of OECD Europe were collectively the largest importers of natural gas,

European shipowners support the uptake of clean fuels but fear FuelEU may become missed opportunity due to enforcement l

20/10/2021

ECSA supports the objective of the FuelEU Maritime proposal to foster the uptake of cleaner fuels in shipping. However, the proposal may become a missed opportunity. Using documents provided by non-EU fuel suppliers to calculate carbon savings contributing to the

Port of Rotterdam throughput rises substantially again in Q3

20/10/2021

Goods throughput in the port of Rotterdam rose to 118.5 million tonnes in the third quarter, 14.6% more than in the same period last year. Throughput was 350.1 million tonnes through to the end of the third quarter, an increase

Methanol Institute: EU’s Fit for 55 agenda is an opportunity for progress on shipping emissions

19/10/2021

The Methanol Institute (MI) has welcomed the European Union’s package of proposals known as Fit for 55 as an opportunity to advance the availability of alternative fuels for shipping. But MI has urged the Commission to consider how best to

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