Mining company BHP is in negotiations with several LNG companies to supply fuel to vessels set to transport iron ore from Australia to China, reports Reuters.
Major pharmaceutical company Novo Nordisk now tells its 60,000 suppliers that they must both produce and transport their products 100 percent sustainably from 2030. Otherwise they will lose Novo Nordisk as customer.
The International Bunker Industry Association, IBIA, projects a drop in customers' demand for bunker oil in 2020 of up to 17 percent.
Hamburg Commercial Bank is now starting to feel how several competitors have decided to halt their loans to shipping entirely. "This is an opportunity for us," the bank's head of shipping tells ShippingWatch.
KPI Oceanconnect, part of Bunker Holding, has hired a new manager for its office in Hamburg. He brings experience from Minerva Bunkering and OW Bunker.
The owner and chief executive of Desmi has told his employees that the sale of the pump company has been postponed indefinitely. This is partly due to the coronavirus pandemic and a strained market, newspaper Børsen writes.
The crisis within the offshore industry could drag out for years, assess several banks. Danske Bank's head of shipping sees no improvement before 2023 or 2024. The bank's appetite for offshore has diminished in recent years.
Mining company BHP wants to lower its carbon emissions by 30 percent in 2030, and shipping will contribute a large reduction. LNG will play a significant role, as the fuel, according to BHP, can deliver results here and now.
Norway's Skuld books a USD 14.3 million deficit for the first half of fiscal year 2020/2021. The decline is largely attributable to an increase in claims in the international insurance pool and the coronavirus.
A former employee of bunker company Fratelli Cosulich and a subcontractor have been charged in a case concerning bribery in Singapore. The employee allegedly accepted bribes from suppliers.
In some cases, scrubbers need repairs after just six months, writes Ship&Bunker. Engineering firm sees significant increase in number of repairs.
Haldor Topsøe will be ready to supply ammonia as soon as shipping lines want it. Two years from now, Danish facilities will be ready. The question is when the industry is ready, VP and head of sustainable technologies says to ShippingWatch.
Too much talk and not enough action. That is the essence of Synergy Group CEO Rajesh Unni's criticism of the IMO. He does not think the IMO did enough to avoid the crisis caused by the lack of crew changes. ShippingWatch met him in Copenhagen.
Several banks in Hong Kong and Singapore have drastically cut credits for bunker companies following the Hin Leong scandal, announces smaller bunker company. Meanwhile, the smaller players are facing stiff price competition from the biggest players.
The Danish Board of Auditors has fined two auditors from Deloitte for a total sum of DKK 200,000 for their work on OW Bunker's accounts in 2013. The bunker company went bankrupt in November 2014.
The founder of scandal-stricken Hin Leong Trading, Lim Oon Kuin, and his two children, are now being sued by accounting firm PwC, which is serving as judicial manager of the bunker company. The claim totals USD 3.5 billion, reports The Strait Times.
The Competition and Consumer Commission of Singapore previously voiced concerns about a South Korean yard merger, but the commission has now concluded that the merger will not harm competition.
Rolls-Royce launches a business unit that will work to develop zero-emission technologies for, among others, the maritime sector. Development and production of synthetic fuels is one focal point.
Lloyd's Register, one of the world's biggest classification companies, will get a new CEO at the turn of the year when Alastair Marsh steps down. The new CEO has been found internally.
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