Panama Bunker sales showed some recovery in 2021, up 5.69% compared to 2020, to 5,016,513m tonnes reaching the highest level in two years in December, although still short of the 5.4m tonnes in 2019.
A surge in demand is being seen for scrubber retrofits as the price spread between high and very low sulphur fuel oil exceeds $400 per tonne.
DNV has called on governments to make ‘significant policy interventions’ on hydrogen development as a matter of urgency.
Japanese shipbuilder Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has completed the conceptual design of a very large gas carrier (VLGC) initially powered by LPG but adaptable to future use of ammonia as the main fuel.
There are how 805 LNG-fuelled ships in operation or on order, and 229 more ‘LNG-ready’ ships, according to the latest Alternative Fuels Insight from classification society, DNV.
The Liberian Registry has seen an increase in its fleet and a decreasing average age of vessels.
The UK government has confirmed £12m in funding to accelerate the research and development of zero emission maritime technologies.
Crowley has inaugurated an LNG loading facility in Puerto Rico.