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Pegasus Maritime (S) Pte Ltd has been stripped of this licence with effect from today (16 July).

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.

VPS says the binding agent, used in the manufacture of epoxy resins, has been found in 40 of its Houston-bunkered fuel samples; other sources of contamination caused recent vessel operational problems in Corpus Christi and Panama.

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.

Bunker sales at the global shipping hub were 3.9 million mt in June – the lowest monthly total since June 2017.

The companies have announced a long-term partnership which includes the objective of achieving a 35% reduction in CO2 emissions across the Boskalis Nederland fleet.

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.