Monjasa is currently the world's sixth-largest bunker supplier, and the company plans to climb further, says COO Svend Mølholt to ShippingWatch. West Africa is no longer the company's biggest market, "but we're there for the long haul," he says.
Hydrogen, LNG, ammonia, electricity and then there is methanol and LPG – the bids are many and so are the answers when you ask big shipping companies such as Maersk, Ardmore, Exmar and Shell about the fuel solution of the future. What they do agree on, however, is that the time to act is now.
In a new statement, the World Bank rejects liquefied natural gas, LNG, as a usable ship fuel to reduce CO2 emissions in shipping and meet the IMO's climate targets by 2050. Instead, the bank points to ammonia and hydrogen.
Norwegian hotel rig supplier Prosafe has been sentenced to pay approximately USD 55 million in a case regarding the rebuilding of a hotel rig. The sentence opposes a verdict made in the case in 2018 and is "extremely disappointing and surprising," says CEO.