Blog

The latest energy, maritime and bunker industry news worldwide.

Aerial view of a large cargo ship anchored near the coastline, with a tugboat nearby. A small settlement and forested hills are visible in the background, under an overcast sky.

Maritime Industry Pushes for Decarbonization with Alternative Fuels

14-January-2025

Shipowners demonstrated their commitment to lower emissions in 2024 by ordering 600 alternative-fuel-capable vessels, increasing the orderbook to 1,737 ships. Combined with the in-service fleet,

A large shipyard with a partially constructed red ship on dry dock, surrounded by tall cranes. Several industrial buildings and cranes are in the background under a partly cloudy sky. The foreground features calm harbor waters.

A Record Year for Shipyards: Newbuilding Orders Surge in 2024

17-December-2024

Shipyards have experienced a remarkable year, with newbuilding orders reaching levels not seen since 2007. The surge in demand has driven nominal prices close to

View from the deck of a large ship navigating through open ocean waters under a clear blue sky. The ship's structure and various equipment are visible, with waves trailing behind in the ship's wake.

Methanol in Maritime: ISO Launches Comprehensive Fuel Standard

21-November-2024

The International Organization for Standardization (ISO) has released ISO 6583:2024, a groundbreaking standard for methanol as a marine fuel. This first edition aims to provide

A large cargo ship loaded with colorful containers is docked at a busy industrial port. Massive cranes are positioned alongside the vessel, and the skyline of a city is visible in the background under a cloudy sky.

Challenges Ahead: How Maritime Trade Adapts to New Realities

05-November-2024

The maritime trade landscape is shifting rapidly due to rising global tensions and economic uncertainty. Geopolitical conflicts, particularly in Eastern Europe, have disrupted traditional shipping

Black and white image of an industrial scene featuring several tall lattice cranes and drilling towers. Various structures and machinery are visible in the background, set against a cloudy sky.

LA Refinery Shutdown Increases Demand for Pacific Product Tankers

21-October-2024

Phillips 66 plans to close its Los Angeles refinery, cutting 140,000 barrels per day from California’s refining capacity. The refinery consists of two large complexes,

Aerial view of an industrial port showing a large ship docked alongside a facility with multiple storage tanks. The scene includes water on the left, various pipelines, and a mix of greenery and cleared land in the background.

How Marine Fuels Will Change by 2050

26-August-2024

The global marine fuels sector is in the midst of a transformation as it aims to decarbonize by 2050. Wood Mackenzie highlights the increasing importance

A large ship under construction in a shipyard is surrounded by scaffolding and industrial equipment. The front section of the ship is painted black and red, while the rest of the hull appears unfinished with a rust-colored surface. The ground is cluttered with construction materials.

Container Ship Fleet Expands Rapidly: 2024’s Surge and Future Trends

24-July-2024

The container ship fleet is witnessing a rapid increase in capacity, demonstrating a surge in fleet capacity that has not been witnessed in the last

View from the deck of a large industrial ship or oil rig at sea, showing complex interconnected pipes and valves. Calm water and hazy mountains are visible in the distance under a clear blue sky.

Navigating the Future of Marine Fuel: Key Insights into the New ISO 8217:2024 Specifications

08-July-2024

The marine industry is continually evolving, and staying informed about the latest regulations is crucial. ISO has published the latest version of the bunker fuel

A large cargo ship with white superstructure and red hull is docked at a port. Another smaller vessel, a tugboat, with green and grey colors is in the foreground. The sky is cloudy, and port buildings are visible in the background.

Sustainable Fuels Unlikely Before 2040, Say Transport Specialists

28-June-2024

A recent survey by Reed Smith reveals that transport professionals believe it will take over 15 years to achieve 100% sustainable fuels, with fossil LNG

A large cargo ship on a calm sea at dusk. The ship's lights create shimmering reflections on the water's surface under a sky transitioning from day to night.

HSFO-VLSFO Price Gap Narrows to Record Low

13-June-2024

The price spread between high and low sulphur fuel oil (HSFO and VLSFO) is at its lowest since the global sulphur cap began in early

A large cargo ship loaded with stacked containers docked at a port with reflections visible on the calm water under a clear sky.

Shipping Industry Earning Billions Utilizing Scrubbers to Run On Heavy Fuel Oil

09-May-2024

A recent study conducted by Chalmers University of Technology in Sweden indicates that emissions from scrubber discharge into the Baltic Sea have resulted in pollution-related

A large alternative fuel LNG carrier on a calm sea, its spherical storage tanks prominently displayed against the horizon.

Increase in Orders Signals Growing Momentum for Alternative-Fueled Ships

08-April-2024

The shipping sector is increasingly embracing alternative fuels, with a notable uptick in orders for cleaner ships at the start of 2024. DNV’s Alternative Fuels