Stenberg Molholt News Today

The French navy on Friday escorted a tanker to port in the Gulf of Guinea after pirates abandoned the vessel and kidnapped some of the crew…

Marine gasoil prices in the Amsterdam-Rotterdam-Antwerp hub are spiking and there appears little let up in the supply squeeze of the fuel crucial for ships staying compliant with sulfur standards in the European waters. Ships trading in designated emission control areas across Europe must use fuel with 0.1% sulfur, namely MGO, rather than other higher ...

The bunker industry’s adoption of mass flow metering technology has ushered in an era of transparency but cleaning up the industry’s reputation will require other concerted efforts and innovative solutions too, market sources said. MFMs measure the flow rate in the pipe, gauging the quantity as well as the mass and density of the fuel. ...

The cost of shifting to greener fuels, uncertainty over the path to clean energy and greater scrutiny from banks for financing projects make for a challenging future credit environment, according to a key official at bunker supplier Monjasa. “If you look into the future, where the mix of products is generally going to be of ...