New functionality will enable customers to request to buy European Union Allowances from Vitol’s Carbon Desk Copenhagen, Denmark, 29 February 2024: Technology company ZeroNorth, in partnership with energy and commodities company Vitol, has today announced that...

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Refining margins for very low sulphur fuel oil (VLSFO) posted an increase from early to end February, data showed on Thursday. The front-month 0.5% VLSFO/Dubai crack closed at a premium of about $14.80 a barrel at the Asia close on Feb. 29, climbing more than 20% from...

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Russia exported more than 700,000 metric tons of oil products from the Black Sea port of Novorossiisk in 2023 using small river barges because of a lack of bigger tankers owing to EU sanctions and price cap limitations, market sources said and LSEG data showed. Some...

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TotalEnergies Marine Fuels has conducted its first digital bunker delivery for Mitsui O.S.K. Lines, Ltd. (MOL) in Singapore, boosting the efficiency of its bunkering process through digitalization. TotalEnergies adopted Bunkerchain’s eBDN system, Touch and Sail, and...

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Highlights: In 2023, the Net Voyage Revenue for Nordic American Tankers Ltd (NAT) totaled $262.2 million. This is a remarkable improvement from 2022, when Net Voyage Revenue was $168.8 million. Our performance produced a net profit of $98.7 million for 2023, more than...

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The Baltic Exchange’s dry bulk sea freight index extended gains on Thursday to hit an over two month peak, supported by rising rates across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 70...

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