Global News

A source at the global energy trader tells Bunkerspot that the proposed $1 billion trade finance facility offered to the bunker supplier fits with its commercial strategy of looking for structured finance opportunities, but it acknowledges that Aegean’s business is ‘uniquely suited’ to Mercuria and a future ‘greater correlation’ of the companies’ bunker activities should not be ruled out.

Shipowners and charterers should start reviewing charter party terms well ahead of the introduction of the 0.50% global sulphur cap, but ‘there is no single magic clause,’ says Deputy Director.

The Corvus Orca energy storage system has been selected by Turkish ship designer and builder Navtek Naval Technologies for installation on the Navtek NV-712 ZeeTUG (Zero Emissions Tug).

We do not expect fuel shortages in 2020 – the market always finds an equilibrium, Marco Fiori, CEO of d'Amico International Shipping, tells Bunkerspot.

The vessels, to be constructed to a new Fincantieri prototype design, will be the largest ships ever built in Italy, says the Italian company’s CEO.

A new report has found that the use of AMS can cut CO2 emissions by as much as 97% at Ro-Ro/Pax terminals.

The company’s new sustainability report highlights a 40% reduction in fleet CO2 emissions in 2017 compared to the baseline year of 2009.

The diesel power specialist has developed a new ecospeed algorithm based on speed modelling and analysis of vessel operating data as part of its enginei electronic fuel management system.

The vessels, which will begin to enter service from Q2 2020, will all use low sulphur fuel to comply with the IMO 2020 regulations.

Hong Kong has overtaken London – for the first time in five years - to take second place; Asian Pacific ports now account for 50% of the top 10 ports on the International Shipping Centre Development index.