Oil and gas major Shell sees a growing commitment to LNG as marine fuel and bio and synthetic options would make it “a robust step” in meeting IMO CO2 targets.
The global container shipping market is expected to stay on a recovery course this year with demand growth predicted to outpace supply growth, according to Yang Ming Marine Transport Corp chairman Bronson Hsieh.
OPEC cuts to oil production are helping to stabilise the OSV market in the Middle East compared with other global markets, according to an industry expert.
Intertanko has praised moves at IMO to introduce quality control testing for bunkers, calling it “a step in the right direction” as new sulphur limits loom in North Europe and North America.
Wärtsilä is to provide the LNG supply control system for a new LNG-bunkering facility at Port Fourchon in the US.