Trial of Boat Using Hydrogen Fuel Cell Completed in Japan
by Ship & Bunker News Team
Tuesday April 6, 2021 A hydrogen fuel cell powered boat has completed its first sea trials in Japan. The experimental vessel is a product of a joint project involving two Asian firms, South Korea s
Yanmar and Japan s Seperately, Toyota has the technology onboard the The Japanese manufacturer is one of the backers of the eco ship which is seen as a laboratory for alternative marine fuels. While oil-derived bunker fuel remains the principal fuel for ships, other energy forms are gaining in prominence with liquified natural gas seen by many as the commercial front-runner. But shipping firms are taking an increased interest in other alternative forms, one of which is hydrogen.
Island Oil Appoints COO
Monday April 5, 2021
Limassol-headquartered
Vangelis S. Marinakis into the newly created role of Chief Operating Officer at
Island Oil Limited effective April 5, 2021. Marinakis has over
28 years’ experience in ship-management, shipbroking, commodity trading and fund management, having served in various Managerial and Directorship positions. Most recently, he was Deputy General Manager & Chief Commercial Officer at
M/Maritime Corp until December 2020, according to his LinkedIn profile. “I am very pleased to announce Vangelis’s appointment as COO. We are delighted to have someone of Vangelis s calibre join Island Oil. His expertise in shipping operations management will be an enormous asset to the company, as it fits in exceptionally well with its business model and approach, said
Oil Jumps 3% On OPEC Easements As Analysts Reiterate Demand Recovery Optimism
by Ship & Bunker News Team
Thursday April 1, 2021 The
Organization of the Petroleum Exporting Countries (OPEC) decision on Thursday to ease production cuts between May and July caused a surge of activity in crude trading circles; this, along with news of strong manufacturing activity in Europe despite a new round of Covid lockdowns, caused crude prices to leap by over
3 percent.
$2.10, or
Russia, will ease production curbs by
350,000 barrels per day (bpd) in May, another
350,000 bpd in June, and further 400,000 bpd or so in July; under this deal, the cuts would be just above
Korean Register Approves Ammonia Bunker Barge Design
by Ship & Bunker News Team
Friday April 2, 2021 Classification society the The
KMS EMEC and shipping company
Navig8, the classification society said in a statement on its website. The ship will be capable of running on both MGO and ammonia. Working with Navig8, KMS EMEC created the first domestic conceptual design, in accordance with the MAN Energy Solution s engine specifications. KR then completed the necessary risk assessments, design safety verification and reviewed compliance with Korean and international regulations, KR said in the statement. Navig8 contributed to the 8K ammonia bunkering vessel design development by conducting a detailed review of the commercial feasibility and operational economics of ammonia as a ship fuel, from the viewpoint of a shipping company.
Practical Ways to Improve Port Operations Detailed in GIA Guide
by Ship & Bunker News Team
Friday April 2, 2021 Ports: efficiency guide. File Image / Pixabay A guide advising how ports can make practical operational adjustments to reduce their carbon footprint has been published by the Global Industry Alliance (GIA). The guide called the
Ship-Port Interface Guide outlines eight ways to achieve a reduction in the output of greenhouse gas emissions. The measures include making it easier for ships to get hulls and propellars cleaned while in port and combining simultaneous operations where possible, marine publication Port Strategy reports. Using data effectively through improved Port Master Data is also suggested as a way to create efficiencies in port operations and consequently reduce shipping emissions.