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Singapore: GTT Training partners Wavelink Maritime Institute for maritime LNG courses

The partnership agreement includes the installation of GTT Training’s Liquid Gas Handling Simulator ‘G-SIM’ at Wavelink’s centre and the co-sharing of expertise.

Jul 09 2020

Argus Media: Singapore HSFO flips to backwardation on firm demand

Market structure has strengthened on signs that regional demand will remain robust throughout the summer because of power generation needs.

Jul 09 2020

Dan-Bunkering welcomes bunker trader Juwita Setiawan to Singapore office

Setiawan has eight years of bunker experience previously with a large global bunkering group and is proficient in Indonesian, English and French.

Jul 09 2020

Plaza Marine Group successfully weathers through uncertain climate of 1H 2020

“At uncertain times […] the performance of our employees and executives remained steadfast. We remain liquid and profitable due to such efforts,” says President.

Jul 09 2020

Protecting shipowners: A case for stringent scrubber wash water monitoring

Scrubbers need accurate data to ensure they are making an informed decision on the effectiveness and longevity of their equipment, says Chelsea Technologies.

Jul 09 2020

Unifeeder to adopt We4Sea Digital Twin technology to reduce bunker fuel consumption

Solution allows charterers to continuously monitor fuel consumption, carbon and sulphur emissions of their chartered vessels in real-time via an online dashboard.

Jul 09 2020

T&E: EU is right to prioritise hydrogen for transport which cannot decarbonise

‘This is the right plan at the right time. Hydrogen is the missing link in Europe’s strategy to decarbonise planes and ships where electrification is not an option,’ Executive Director.

Jul 09 2020

Singapore: Troubled Zenrock Commodities rumoured to be winding down in August

Zenrock is in debt upwards of USD 166 million as of April, and is said to be winding down with employees leaving by August, reports The Business Times.

Jul 08 2020

Argus Media: Hontop Energy fraud allegations add to Singapore trading woes

BP told CIMB[…] that the purported contracts between it and Hontop appeared to be ‘fabrications’ and CIMB is ‘apparently a victim of Hontop’s fraudulent conduct’.

Jul 08 2020

Integr8 Fuels: Fuel oil tightness means shipowners pay more for bunkers in ARA

Vessels previously going to ARA ports would not consider bunkering elsewhere; however, it is now recommended to check the price at alternative ports.

Jul 08 2020

EU Parliament votes to add GHG emissions to maritime Emissions Trading System

The Commission said it has put forward a proposal to revise the EU system for monitoring, reporting and verifying CO2 emissions for maritime transport.

Jul 08 2020

Shell Industry Perspective: 95% of shipping executives view decarbonisation as important

Shell and Deloitte Netherlands and UK have jointly published a report on industry perspectives of senior shipping executives regarding decarbonisation.

Jul 08 2020

MSC clarifies Transport & Environment report on shipping emissions in the EU

An analysis by Transport & Environment failed to take a number of MSC’s operational aspects into account, and misrepresented its environmental impact, it said.

Jul 08 2020

“K” Line revises environmental guidelines to surpass IMO 2030 GHG targets

The company finds its earlier formulated environmental guidelines created in 2015 can no longer apply and more drastic action is needed.

Jul 08 2020

Singapore: Banks collaborate to develop best practices for commodity financing

Backed by several government agencies, banks will be consulting trading companies to strengthen Singapore’s competitiveness as a global commodities trading hub.

Jul 07 2020

China Merchants Energy Shipping wholly acquires Singapore bunker trading firm CMET

CMES has agreed to acquire 70% of equity ownership in Singapore-based bunker trading company China Merchants Energy Trading for USD 16 million in cash.

Jul 07 2020

Supply vessel “Nordic Barakuda” sold by Singapore Supreme Court for USD 980,000

Indonesian-flagged offshore supply vessel was arrested at Singapore port in May 2019 over an alleged dispute over payment for goods and services.

Jul 07 2020

Ardmore Shipping declines merger with parent company of Hafnia Bunker Services

Hafnia said it is disappointed by Ardmore’s response and continues to believe that its proposal is in the best interests of Ardmore’s shareholders.

Jul 07 2020

Hamburg: Low bunker prices induces government to waive traffic dues at Kiel Canal

A decline in traffic brought on by low bunker prices would lead to a competitive disadvantage at the canal compared to longer alternate routes which are free of traffic dues.

Jul 07 2020

Global bunker markets catch up with reality of economic lockdowns in Q3 2020

Until recently, bunker fuel sales […] were buoyed by opportunistic restocking, but sales volumes have since caught up with the reality of slowing global trade, notes consultancy.

Jul 07 2020

Report takes lessons from aviation sector to speed up sustainable marine fuels production

Report shows ICAO’s framework offers a solid blueprint for the shipping sector and identifies areas where the IMO should be more ambitious than ICAO.

Jul 07 2020

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