Global News

The Netherlands-based companies have announced a joint initiative to test marine biofuel oil on an offshore decommissioning project.

Gazpromneft Marine Bunker, the operator of Gazprom Neft's bunker business, increased sales of its ultra-low sulphur marine fuel (ULSFO) by 11% during the first six months of 2019 to 121,400 tonnes.

Glenda International Shipping (Glenda), a joint venture company with the Glencore Group, in which d’Amico Tankers d.a.c. (Ireland) (d’Amico Tankers) holds a 50% stake, have signed a Memorandum of Agreement for the sale of the MT Glenda Megan MR product tanker vessel.

Mediterranean Shipping Company’s (MSC) 23,756 TEU MSC Gülsün is equipped with an IMO-approved hybrid exhaust gas cleaning system and has the option of switching to low sulphur fuel, or to be adapted to operate LNG in the future.

Recovering time charter rates might rebound further in coming quarters as the 0.50% sulphur cap on marine fuel from 2020 will lead to retrofitting of a ‘significant part of the global fleet’ and ‘weighs on the availability of vessels of +8,000 TEU capacity’, says the shipping giant.

The world's largest all-electric ferry, Ellen, has made its first commercial trip, connecting the ports of Søby and Fynshav, on the islands of Aerø and Als, in southern Denmark.

While S&P Global Platts has called time on Ocean Intelligence, the remaining players in the maritime credit risk and reporting sector believe there will be even more demand for their services when the IMO 2020 regulations come into effect.

The dry bulk shipping company, which earlier this week announced the launch of a ‘world leading’ bunkering joint venture with Frontline and Trafigura, attributes its ‘weak’ second quarter results to losses on the group’s portfolio of derivatives.

C-Job Naval Architects Niels de Vries has been nominated for the Dutch Maritime Designer Award with his research ‘Safe and effective application of ammonia as a marine fuel’.

The Scandinavian ferry operator has signed an agreement with Norsepower Oy Ltd to install the company’s Rotor Sail solution on board the M/V Copenhagen.