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Oil bulls advance cautiously as stocks expected to fall

Investors purchased petroleum for the third week running as bearishness triggered by the OPEC+ meeting at the start of June waned, and fund managers anticipated a big depletion of inventories in the third quarter. Hedge funds and other money managers purchased the...

Wärtsilä ammonia fuel supply and cargo handling systems selected for two more EXMAR vessels at Hyundai Mipo Dockyards

Wärtsilä Gas Solutions (WGS), part of technology group Wärtsilä, will deliver the fuel supply and cargo handling systems for two new gas carriers that will operate with ammonia fuel. The ships are being built at the Hyundai Mipo Dockyards (HMD) in Korea for ship owner...

Shipping firm HMM deploys new carbon capture system on vessels

HMM, Korea’s largest container shipper, deployed new proprietary technology in the voyage of 2,200 TEU (twenty-foot equivalent unit) container ships, aimed at reducing greenhouse gas emitted during ship operations. During the voyage, HMM will monitor the gas reduction...

Baltic index rises for fifth straight day on strong capesize demand

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, gained for the fifth straight session on Tuesday as capesize vessel rates rose. The overall index, which factors in rates for capesize, panamax, and supramax...

US crude, products stockpiles seen down last week

U.S. crude oil and product stockpiles were expected to have fallen last week; a preliminary Reuters poll showed on Monday. Four analysts polled by Reuters estimated that crude inventories on average fell by 200,000 barrels in the week to June 28. The poll was...

Consort Bunkers, ClassNK, Yanmar, and Taiko accelerate towards Alternative Fuel Bunkering with new MOU

Consort Bunkers Pte. Ltd., ClassNK, Yanmar Asia (Singapore) Corporation Pte Ltd, and Taiko Asia Pacific Pte. Ltd. have signed a Memorandum of Understanding (MOU) to accelerate towards introduction of more bunkering ships capable of handling alternative fuels....

Oil bulls advance cautiously as stocks expected to fall

Wärtsilä ammonia fuel supply and cargo handling systems selected for two more EXMAR vessels at Hyundai Mipo Dockyards

Shipping firm HMM deploys new carbon capture system on vessels

Baltic index rises for fifth straight day on strong capesize demand

US crude, products stockpiles seen down last week

Consort Bunkers, ClassNK, Yanmar, and Taiko accelerate towards Alternative Fuel Bunkering with new MOU

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