Major survey looks into need for bunker licensing
IBIA, supported by BIMCO, launch survey to assess industry views on licensing and Mass Flow Meters as tools to improve transparency in the marine fuel sector
February 8, 2022
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Industry News
MOL sets up $2.6 million Mauritius charity
Mitsui O.S.K. Lines (MOL) has established the MOL Charitable Trust in Mauritius “as part of its benevolent and philanthropic actions to support activities for the public benefits of Mauritius and its people to address the impacts of the oil spill” to mitigate the damage caused by spilt bunkers when the bulk carrier Wakashio grounded on the island nation's coast in July 2020.
The ship was on charter from a subsidiary of Nagashiki Shipping Co. In a statement MOL said…
January 5, 2022
Trafigura commits to 25% cut in emissions intensity
Singapore-based commodity trader, and major shipping and bunker markets player, Trafigura has announced a target to reduce the intensity of its total shipping emissions by 25% by 2030, compared to an IMO 2019 adjusted baseline.
The target encompasses over 70% of Trafigura’s reported Scope 3 emissions in 2020 and will see the emissions intensity profile of the Group’s owned and third-party leased shipping fleet decline by 48% compared to the 2008 IMO industry baseline.
December 23, 2021
TFG Marine pushes mass flow meters
TFG Marine has announced it is fitting mass flow meters (MFM) on its supply vessels across its operations. It said the move provides customers “with unrivalled accuracy and full transparency on their marine fuel deliveries”.
A statement added: “We are also calling for their mandatory use in key bunkering hubs around the world.”
December 21, 2021
Keeping the digital ship safe
Modern bunker ‘barges’ are in reality high tech ships with increasingly sophisticated electronic systems on board
February 10, 2022
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