Nantong CIMC Sinopacific Offshore & Engineering, subsidiary of CIMC Enric has signed contracts with Seaspan ULC of Canada for two 7,600 cu m LNG bunkering vessels plus an option for one additional vessel.

MAN Energy Solutions has announced an investment of up to EUR500m ($555m) in subsidiary H-TEC Systems to ramp up its PEM electrolyser production.

Bunker prices rose sharply yesterday as Russian troops invaded Ukraine on several fronts.

Global sea trade suffered another major knock this morning as Russia’s invasion of Ukraine drove oil prices up by about 8%, something that will filter through to already sky high bunker prices.

CMA CGM has started a global biofuel trial for 32 containerships with a refuelling operation in Singapore.

Fratelli Cosulich CEO of Marine Fuel, Timothy Cosulich, has been elected as chairman of the International Bunker Industry Association (IBIA).

The methanol-fuelled VLCC design from Dalian Shipbuilding Industry (DSIC) and Cosco Shipping Energy Transportation has obtained AiP certificate from the classification societies of CCS and DNV.

More and more newbuildings are being ordered with dual-fuel capabilities as shipping companies seek reduce their emissions.

The southern Chinese port city of Guangzhou, Guangdong province, has officially starts bonded bunkering service for ships on international voyages.

The shipping industry could rack up costs of $6.0trn in 2020-2050 depending on its decarbonisation pathway, compared to business-as-usual costs of $5.5trn.