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Lloyd's Register backs Daphne emissions monitoring system
9+ hour, 41+ min ago (185+ words) Swiss company Daphne Technology's emissions monitoring system can be installed on both conventional marine diesel engines and dual-fuel engines. IMAGE: Exhaust emissions from a marine diesel engine during operation. Getty Images. Lloyd's Register (LR) has issued a Factual Statement for…...
MOL signs LBM supply contracts with Axpo and Titan
9+ hour, 42+ min ago (260+ words) Mitsui O. S. K. Lines (MOL) has signed agreements with liquefied biomethane (LBM) suppliers, Axpo and Titan, to bunker its car carriers in Northern Europe and the Mediterranean. IMAGE: Bio-LNG fuel bunkering vessel supplying the CIELO ACE. MOL Under the deal, Axpo will…...
Core Power studies BWXT SMR deployment on floating nuclear plants
8+ hour, 36+ min ago (268+ words) UK-based nuclear technology firm Core Power is assessing the feasibility of using a small modular reactor (SMR) developed by BWX Technologies on floating nuclear power plants. IMAGE: Concept of Crowley and BWXT's nuclear power-generation vessel. Crowley The feasibility study will…...
Biofuel Bunker Snapshot: Rotterdam B30-VLSFO price falls modestly
10+ hour, 13+ min ago (517+ words) Rotterdam's B30-LSMGO premium over LSMGO widens sharply Singapore's bio-bunker sales fall in May Maersk invests in marine biofuel startups Rotterdam's B30-VLSFO (POMEME) price has declined by only $6/mt over the past week. The limited drop contrasts with a $47/mt fall…...
Maersk backs two lignin-based biofuel startups
13+ hour, 28+ min ago (283+ words) Maersk Growth, the venture capital arm of Danish shipping company A. P. Moller-Maersk, has invested in two biofuel startups developing technologies to convert lignin-rich biomass into marine fuels. IMAGE: Lab-based production of biofuel from biomass. Kvasir Technologies Dutch startup Vertoro and Danish…...
OPEC forecasts global oil demand to rise through 2050
13+ hour, 28+ min ago (450+ words) The Organization of the Petroleum Exporting Countries (OPEC) has forecast global oil demand to reach 113. 3 million b/d by the end of this decade. IMAGE: OPEC's logo. Getty Images Global energy demand will continue to expand in the coming years,…...
Europe & Africa Market Update 19 June
13+ hour ago (517+ words) Bunker prices across major European and African ports have mostly gained, while prompt fuel availability is tight in South Africa's Durban. IMAGE: Above view of Durban Harbour, South Africa. Getty Images Changes on the day to 09. 00 GMT today: Most bunker…...
NYK Group's subsidiary launches shore power facility at the port of Zeebrugge
17+ hour, 53+ min ago (273+ words) International Car Operators (ICO), part of Japan's NYK Group, has inaugurated Belgium's first shore power facility dedicated to roll-on/roll-off (Ro Ro) vessels at the port of Zeebrugge. IMAGE: NYK-operated PCTC receiving electricity directly from the shore power facility in…...
Brent gains as US-Iran postpone meeting in Switzerland
13+ hour ago (325+ words) The front-month ICE Brent contract has gained by $1. 73/bbl on the day, to trade at $79. 49/bbl at 09. 00 GMT. IMAGE: An oil refining and storage facility. Getty Images Brent's price has moved higher after talks between US and Iran, to finalise…...
ARA fuel oil stocks steady in June so far
13+ hour, 28+ min ago (296+ words) The ARA's independently held fuel oil stocks remain mostly unchanged in June so far, compared to May's monthly average, according to Insights Global data. Changes in monthly average ARA stocks from May to June (so far): Fuel oil stocks in…...