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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.

Cosco International Holdings has recorded a fall in earnings for 2015 due to the continued slowdown in the growth of international trade, coupled with the lingering oversupply in the shipping industry.

Wärtsilä has entered into an agreement to equip three LNG-powered tugs with integrated propulsion systems for operator Østensjø Rederi.

 

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.

The container shipping sector is set to face another two tough years as new vessel deliveries outstrip demand growth, according to industry executives.

Wärtsilä is to provide the LNG supply control system for a new LNG-bunkering facility at Port Fourchon in the US.

Singapore’s Kim Heng Offshore & Marine has delivered a strong set of results in the three months ended 31 March 2014 on the back of growth in its core offshore rig services and supply chain management segment.

Wilhelmsen Ships Service (WSS) plans to set up new offshore oil and gas supply points in Indonesia, Malaysia and Mynamar after the successful January opening of its Songkhla facility in Thailand.