Energy

In the treacherous waters off Sakhalin Island, a Russian tanker named Victoria has found itself stuck in a sticky situation. The product tanker, under the Russian flag, ran aground five days prior, causing quite a commotion among the maritime community. The incident occurred on the southwest side of the island, and recovery has been a […]

A synthetic fuel manufacturer based in Sweden, Liquid Wind, has exposed ambitious plans to inaugurate ten further e-methanol facilities throughout Scandinavia by 2027. This enterprise, in collaboration with Alfa Laval, Siemens Energy, and Topsoe, has been designed to escalate regional e-methanol production.  Harnessing Industry Partnerships for Collective Impact The burgeoning partnership, conceived in the year

Retracting Storage Capacity Leading commodities trading establishment, Gunvor, has plans in the pipeline to relinquish a portion of its fuel oil storage capacity in Singapore. According to unofficial sources quoted by Reuters, the firm is gearing up to forfeit about 600,000 cubic meters of its fuel oil storage at the highly acclaimed Oiltanking Seraya terminal.

AP Moller-Maersk, a titan in global shipping, is making striking strides in preserving the environment. Leading the charge in reducing fuel consumption, it looks poised to attain the lowest fuel usage in seven years by 2023. The downturn in bunker consumption materializes from the company’s targeted moves towards fuel-efficient fleet operations amidst a gradually weakening

Harnessing the capabilities of the maritime IoT platform – Fleet Data from Inmarsat Maritime, a subsidiary of Viasat, Maersk Supply Service is set to optimize its vessel performance. The primary beneficiary will be Maersk Minder, an anchor handler equipped with the shipping company’s inaugural vessel battery installation. Furthermore, the IoT solution opens avenues for the

Leading Danish methanol specialists, Green Marine, have recently announced a collaborative effort with Singapore’s Stamford Shipping, a renowned shipping and investment management company. Their goal is to produce methanol-propelled ships, charting a course toward a more sustainable future for the shipping sector. Sailing on the Wave of Sustainability The new venture aims at constructing and

Promising Opportunities across Global Hubs Increasing its global imprint, a thriving oil conglomerate is actively recruiting ten seasoned bunker traders. The positions are available in leading international cities including Singapore, Dubai, Rotterdam, and Greece. According to Redstone Commodity Search, a prestigious recruitment agency, the company is specifically targeting professionals boasting a minimum of five years

In what could be termed a significant stride for the energy and gas sector, the French oil conglomerate TotalEnergies has unveiled the functionality of its latest venture – the Cape Ann. This floating storage and regasification unit, majestically situated in the port of Le Havre, is dedicated to the processing of liquefied natural gas (LNG).

Shifting Wind in Oil Markets Global oil prices took a fall Monday as traders concerned about possible supply disruptions due to the ongoing Middle East conflict retained an optimistic outlook. Falling prices by over 2 percent marked the biggest tumble in a fortnight. Brent, a standard oil benchmark, settled at a 2.5 percent drop, or

In the evolving landscape of energy ecosystems, the mounting recognition of offshore power-to-X production’s potential has ushered in a new era. Strohm, a Dutch supplier and participant in nationwide green hydrogen projects, claims that the energy transmission of the thermoplastic composite pipeline is nine times more effective than a traditional cable. This adaptable pipeline, ideal