Maersk Line owned Hamburg Süd and customer Electrolux are teaming up to reduce sulphur dioxide (SOx) emissions in Latin America ports.
I read an awful lot of press releases, and listen to many speeches, about how shipping is really an environmentally friendly industry, this is despite the fact the vast majority of it burns what is essentially refining industry waste for fuel.
Straits Inter Logistics is branching out into the bunkering market and expects 90% of revenue to from this segment with the acquisition of its two new bunker vessels is completed in the early part of the fourth quarter.
Shell has signed an agreement with Sovcomflot (SCF Group) to supply LNG to fuel the first aframax crude oil tankers in the world to be powered by LNG.
News reports on what is happening in the ship refueling markets of Far East Russia are few and far between. This is not surprising if one looks at the economic activities of the zone and its lack of proximity to metropolitan cities, and not to mention that bunker market is itself a very niche area of reporting.
Large oil tankers are seeing less activities to carry long-haul fuel oil from Asia, as the region’s refinery capacity is expected to continue expanding, coupled with stringent regulations to curb the use of high-sulphur bunker fuel on ships, according to a view by Poten & Partners.
The case for fuel efficiency makes “an awful lot of business sense” according to Wallenius Wilhelmsen Logistics (WWL), but the shipowner is concerned over possible operational efficiency regulations.