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Aug
July, 2021
Date Headline Image
Fri16Jul
MOL is set to take a 40% stake in Waterfront for $145 million, with parent company Methanex Corporation retaining the remaining 60%.
MOL Seeks to Boost Methanol Bunkers With Waterfront Shipping Stake
Fri16Jul
Fuel oil imports totalled 604.7 million litres in May, up by 96.1% from April's level but down by 28.6% from the same month a year earlier.
Hong Kong's May Fuel Oil Imports Nearly Double on Month
Fri16Jul
The two companies will seek to develop 'safe, sustainable and competitive' technologies to reduce emissions.
Shell Joins Forces with Container Line MSC on Shipping Decarbonisation
Thu15Jul
But major banks maintain that a strong market recovery is still on track.
Roller Coaster Crude Market Dips Again On Demand, Glut Fears
Thu15Jul
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from July 8 – July 14, 2021.
Weekly Vessel Scrapping Report: 2021 Week 28
Thu15Jul
Korea Shipbuilding & Offshore Engineering is expected to win the order.
Maersk to Order 12 Methanol-Fuelled 15,000 TEU Boxships: Report
Thu15Jul
Propulsion Dynamics has been working on vessel performance optimisation since its launch in 2002.
ZeroNorth Acquires Vessel Optimisation Firm Propulsion Dynamics
Thu15Jul
The vessel is fully powered by its 1,300 kWh battery system, and will mostly be charged overnight.
Norwegian Firm Takes on Fully Electric Ferry
Thu15Jul
The company has already developed the design for the carrier, powered by solid oxide fuel cells, and received approval in principle from classification society DNV.
Samsung Heavy Industries to Build Fuel Cell-Powered LNG Carrier
Thu15Jul
Local supplier FueLNG announced its 10th ship-to-ship LNG bunker operation earlier this week.
Slow Growth for LNG Bunker Demand in Singapore
Thu15Jul
The Prem Pride is currently under arrest at the Changi general purpose anchorage in Singapore after having been arrested on behalf of law firm Haridass Ho & Partners at 10:43 PM on July 9.
FSO Tanker Arrested in Singapore
Wed14Jul
U.S. gasoline stocks rising by 1 million barrels last week also caused concern.
OPEC Reaching Output Deal Fails To Impress Traders, Oil Drops Nearly 2%
Wed14Jul
Under the proposal the emissions from all voyages between EU ports and 50% of those from voyages between the EU and elsewhere would be covered by the ETS.
European Commission Proposes Including Shipping in Emissions Trading System
Wed14Jul
The total orderbook stood at 4.94 million TEU of capacity as of June 30, up from 2.29 million TEU a year earlier.
Container Ship Orderbook Jumps in First Half of 2021
Wed14Jul
Total sales fell to 358,827 mt last month, the lowest level since July 2020.
Panama June Bunker Demand Loses 11% on Month
Wed14Jul
Two gas-powered car carriers joined the company's fleet in 2020, and Volkswagen has now ordered four more to enter service in 2023.
Volkswagen Takes on Four More LNG-Fuelled Car Carriers
Wed14Jul
In a trial over the first four months of 2021, Seanergy's Capesize vessels reported savings of up to 12%, and 8% on average, using DeepSea's weather routing and voyage optimisation platform Pythia.
Seanery Sees 8% Fuel Savings From Route Optimisation Software
Wed14Jul
The Sapref refinery near Durban, run jointly by Shell and BP, has been shut down because of safety and logistical concerns.
Shutdown at South Africa's Largest Refinery
Tue13Jul
But the IEA warns that volatility will characterize crude trading in the months ahead.
Oil Prices Reverse Course, Surge On Expectations Of Tight Market And High Demand
Tue13Jul
The company has made 'an initial payment' of $3.6 million through its insurers to Sri Lanka.
X-Press Feeders Pays Sri Lanka Compensation Over Boxship Sinking