Home / Βunkerportsnews

Βunkerportsnews

Record Newbuild Orders in 1H For Alternative Fuelled Vessels

As emissions regulatory and policy decisions continue to “ramp up” across maritime, Clarksons Research is closely tracking uptake of “green” technology that will impact the shipping industry’s 883mt (2021: 855mt, 2008: 1,028mt) and 2.4% contribution to global CO2 (and 1.8% of all GHG). Summarising the latest trends in technology uptake and fleet renewal from our Fuelling Transition report and monthly data series, Steve Gordon, Clarksons Research Managing Director, commented: Across first half 2022, a record 268 newbuild vessels orders (of 22m GT and USD 38bn) were alternative fuelled. This constituted ...

Read More »

U.S. investors form venture to pursue oil and gas projects in Venezuela

Gramercy Funds Management and Atmos Global Energy said their joint venture would work with an arm of Inelectra Group, a Caracas-based firm that holds a stake in the Gulf of Paria East oil project off Venezuela’s eastern coast, where it found oil in 2001. U.S. companies are barred from doing business with Venezuelan state-run oil firm PDVSA, a policy begun in 2018 by the Trump administration and continued under U.S. President Joe Biden. The companies did not disclose the size of their investment in the oil venture. Spokespeople did not ...

Read More »

China extends record imports of Russian oil into June, cuts Saudi supply – trade

China extended record imports of low-priced Russian crude oil into June despite a lockdown-induced slackening in its total crude oil imports, squeezing out supplies from the Middle East and West Africa, according to tanker trackers and traders. Russia remained China’s top supplier for the second month in a row, surpassing Saudi Arabia, according to tanker tracking specialists Vortexa, Kpler and Refinitiv. China is the world’s top importer of crude and Russian oil helps Chinese refiners keep costs down at a time when their margins are crimped by slowing demand from ...

Read More »

ENGINE: East of Suez Bunker Fuel Availability Outlook

Singapore VLSFO supply has been acutely tight for weeks in Singapore’s bunker market, with high price premiums quoted for prompt delivery dates. Prompt stems have typically been priced $30-50/mt higher than for dates further out, sources say. Tight VLSFO supply has contributed to widen Singapore’s Hi5 spread to all-time highs of more than $570/mt this week. Suppliers’ earliest delivery dates vary from 14-17 days out for VLSFO, while their earliest dates for HSFO are slightly shorter at 10-13 days, and much shorter for LSMGO at 5-7 days. Sources in Singapore’s ...

Read More »

West should do more to unblock Ukraine’s ports, official says

Western partners should do more to help unblock Ukraine’s Black Sea ports to release exports of grain, metals and mining products, a Ukrainian official told Reuters on Tuesday, warning the country’s finances were increasingly precarious. Logistics problems linked to the war with Russia, notably at seaport Odesa, hit exports, causing currency inflows to Ukraine to drop to around $2.5 billion per month from around $7 billion before the war, Rostyslav Shurma, deputy head of President Volodymyr Zelenskiy’s office, said on the sidelines of the Ukraine Recovery Conference. “We are in ...

Read More »

EU ETS: FEPORT supports EU co-legislators’ efforts to address evasive port calls, but underlines the need for additional action to safeguard the competitive position of European seaport terminals

On June 22nd and June 30th, 2022, the European Parliament (EP) and the European Council have respectively voted and agreed on their position regarding the EU Emissions Trading System (EU ETS). Both institutions support the inclusion of shipping in the Emissions Trading System, i.e., to apply emissions trading to all emissions on voyages between EU ports and to half of emissions on extra-EU voyages, which are voyages between an EU port and a non-EU one. The EP proposes that as of 2027, EU ETS should cover all emissions on extra-EU ...

Read More »

Gazprom says gas exports to Europe via Ukraine seen stable on Wednesday

Russian gas producer Gazprom said its supply of gas to Europe through Ukraine via the Sudzha entry point was seen at 41.1 million cubic metres (mcm) on Wednesday compared with 42.15 mcm on Tuesday. An application to supply gas via the Sokhranovka entry point had again been rejected by Ukraine, Gazprom said. Source: Reuters (Reporting by Reuters; Editing by Edmund Blair)

Read More »

ESG-NRG integrates with Dataloy Systems to offer clients impactful carbon removal options

With the maritime industry under increasing pressure to provide cleaner and greener transportation, companies must collaborate to develop digital solutions that make environmental considerations more accessible to the industry as well as the broader public. The Dataloy API connection will enable ESG-NRG to automatically receive route, cargo, and bunkering data and calculate the carbon footprint of the freight. Streamlining operational data flows between Dataloy and ESG-NRG allows shipping companies to focus their energy on discovering carbon removal projects that align with their environmental goals and leading their own Net Zero ...

Read More »

Flex LNG – Market, Employment and Revenue Update July 2022

Flex LNG Ltd. (“Flex LNG” or the “Company”) will be providing an update on employment, adjusted revenue guidance and the general market during a presentation at Arctic Securities today. Given the recently announced Time Charter Agreements for Flex Rainbow, Flex Enterprise and Flex Amber which have secured in total 24 years of fixed hire employment, Flex LNG has made the following positive adjustments to its revenue guidance for the year: • Expected revenues in Q2-22: ~$85m vs. $80m • Expected revenues in Q3-22: ~$90m vs. $82-92m • Expected revenues in ...

Read More »

The Finneco I, One Of The Most Efficient Ships In The World For Maritime Transport, Arrives At The Port Of Bilbao

The port of Bilbao has welcomed the Finneco I, the first of the three vessels of the Finnlines company with which the Grimaldi Group will operate on the Baltic and North Sea lines and which are equipped with state-of-the-art technology, thereby making them amongst the most efficient vessels in the world. The commissioning of this ship brings the number of GG5G (Grimaldi Green 5th Generation) class vessels operating on Spanish lines for the short sea transport of goods to five. The shipping company is firmly committed to a young and ...

Read More »

All oil and gas fields affected by Norway strike to be fully back up in days – Equinor

All oil and gas fields that were affected by a strike in Norway’s petroleum sector are expected to be back in full operation within a couple of days, Equinor EQNR.OL said on Wednesday. Norway’s government intervened to end the strike on Tuesday. The Gudrun, Oseberg South and Oseberg East fields in the North Sea, which were shut on Tuesday due industrial action, have started run-up of production, the operator said in a statement. Source: Reuters (Reporting by Victoria Klesty, Editing by Louise Heavens)

Read More »

Playing the long game: North American shale operators that prioritize ESG win in the long run

Oil and gas companies in the US are striving to find a balance between ongoing environmental, social and governance (ESG) initiatives and a desire to ramp up production as the world battles a sweeping energy crisis. All the while a larger conversation concerning so-called “greenwashing” – the practice of misleading investors into thinking environmentally unfriendly practices are, in fact, good for the environment – grips the US financial market. Rystad Energy has evaluated the ESG performance of a peer group of 43 public oil and gas producers in the US ...

Read More »

Europe forced to pay even higher prices to fill gas storage

Europe’s gas inventories are on course to reach 976 terawatt-hours (TWh) by the end of the summer, compared with 868 TWh at the same point last year, and slightly above the 10-year seasonal average. The region continues to buy as much liquefied natural gas (LNG) as possible to offset reduced imports from Russia and the possibility of a complete stoppage next winter but it is pushing up prices sharply. Stocks in the European Union and the United Kingdom (EU28) are on track to be 44 TWh (5%) higher than the ...

Read More »

EUROPE GAS-Prices fall as strike in Norway ends

British wholesale gas prices fell sharply on Wednesday morning after a strike in the Norwegian oil and gas sector threatening a 13% export cut ended overnight, easing supply concerns. The British day-ahead contract sank by 102 pence to 163 pence per therm by 0836 GMT, with the within-day contract down 110 pence at 155 p/therm. The Dutch day-ahead price fell by 18.80 euros to 159.25 euros per megawatt hour (MWh), and the benchmark front-month contract dropped by 16.50 euros to 157 euros/MWh. “Up yesterday, European gas prices are down this ...

Read More »

NextDecade to supply LNG to China Gas

U.S. liquefied natural gas (LNG) developer NextDecade Corp said on Tuesday it will supply 1 million metric tonnes of gas per annum to China Gas Holdings’ unit from its Rio Grande LNG export project in Brownsville, Texas. It is the latest agreement in a string of new long-term LNG contracts in the sector that picked up pace this year as sanctions on Russian fuel choked an already undersupplied market, raising energy security concerns amid soaring global demand for the gas. In May, NextDecade signed a 15-year supply agreement with French ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping