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ClassNK Adds EU-ETS Support to its GHG Emissions Management Tool
Jan 4, 2024 ... today announced it has added EU-ETS Management support for vessels under its GHG Emissions Management Tool, ClassNK ZETA (Zero Emission Transition Accelerator). Shipping is now included ...
Oil Losses In 2023 Exceed 10%, Analysts Predict More Gloom Ahead
Dec 29, 2023 ... However, Sen banks on more drawdowns to inspire renewed confidence. ...
Market Perspectives: Marine Fuel Market is in Transition and so are Alternative Fuels
Dec 14, 2023 ... alternative fuel with a raised profile in the maritime industry is ammonia. "Ammonia doesn't contain carbon which is in its favour," said the Energy Aspects analyst. "But its toxicity ...
Iran Detains Two Vessels for Fuel Smuggling
Dec 6, 2023 ... and were detained to the south of Abumusa Island in the Middle East Gulf, Iranian news agency Tasnim reported on Wednesday, citing comments from the Islamic Revolutionary Guard Corps. The ships ...
OPEC Reduction Deal Disappoints, Oil Falls Over 2%
Nov 30, 2023 ... on Russian oil and fuels as an influencer, reporting that the volume of oil exports via the Transneft pipeline systemdeclined by 8 percent annually in the first nine months of 2023; during that ...
OPEC Again Buoys Crude Trading, Eclipses Surprise Build In U.S. Stockpiles
Nov 29, 2023 ... surprise build of U.S. crude and gasoline stocks wasn't enough to derail crude trading optimism on Wednesday, founded by expectations that the Organization of Petroleum Exporting Countries ...
Crude Traders Reverse Course As Oil Shortages, Closures Bolster Supply Worries
Nov 28, 2023 ... Meanwhile, India debates whether to accept Russian oil delivery. ...
Blue Visby Ocean Passage Optimisation Solution Wins ClassNK Approval
Nov 24, 2023 ... society ClassNK has granted its initial approval to an ocean passage optimisation solution from maritime technology company Blue Visby. The company has granted its innovation ...
Oil Gains On Expectations of OPEC Cut Extensions
Nov 20, 2023 ... fall in speculative positioning and in time spreads and higher-than-expected inventories," it wasn't ruling out deeper OPEC production cuts, and Saudi Arabia is widely predicted to extend an ...
Oil Incurs Fourth Straight Weekly Loss As Analytical Forecasts For Market Ahead Clash
Nov 18, 2023 ... taking profits rather than any resurgence of bullish sentiment for market conditions. But it wasn't enough to avoid a fourth straight week of losses for the commodity, this time on the order to ...
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Suez Canal Offers 15% Rebate to Lure Back Boxships Amid Red Sea Calm

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The Suez Canal Authority has announced a 15% rebate on transit dues for container ships of 130,000 tonnes or more.

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Cavotec Wins Shore Power Order Worth $9 Million from Container Firm

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