Global top 10 marine fuels supplier, Monjasa, announces further expansion across Asia with a new permanent office location in Tokyo, Japan. Monjasa has been a well-established partner to the Asian shipping industry since 2008 with three current offices located in Singapore, Ho Chi Minh City and...
https://www.hellenicshippingnews.com/monjasa-set-to-fuel-japanese-shipping-from-new-tokyo-presence/
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that it has signed an agreement with Rikkyo Educational Corporation on an endowment type research project (the research project) entitled “Social Implementation of Future Marine Environmentally Harmonious Materials”. For the research...
Oil prices edged down on Friday but were still poised for a weekly rise on concerns over supply disruptions in Russia and an improving outlook for demand in the United States and China. Brent futures slipped 22 cents, or 0.27%, to $76.27 a barrel by 0749 GMT while U.S. West Texas Intermediate crude...
https://www.hellenicshippingnews.com/oil-heads-for-weekly-gain-amid-supply-jitters-improving-demand/
The European U-ELCOME project continues to make significant strides in integrating drones into European airspace through large-scale validation tests. Recently, the ports of Valencia and Seville in Spain have hosted key demonstrations showcasing the potential of U-space services to enhance...
The “Min Hou” vessel, China’s first 130-type methanol-diesel dual-fuel container-bulk hybrid vessel, was invested in and built by Minsheng Industrial (Group) Co., Ltd. It recently completed its maiden voyage, arriving at Chongqing Guoyuan Port with 395 TEU containers. “The ‘Min Hou’ vessel...
The IAPH Environmental Ship Index (ESI) Technical Advisory Group met in London 12-14 February to review the development status and timeline of the upcoming changes to the scheme, coming online in 2026. From January next year, ESI’s revised and expanded offering will take into account a range of...
https://www.hellenicshippingnews.com/esi-development-intensifies-at-technical-gathering/
Russia has extended its gasoline export ban, with exemptions for producers, for six months starting in March, the state-run RIA news agency reported on Thursday, citing a source. At the moment, major oil companies are allowed to export gasoline but traders and resellers are banned from doing so,...
Mitsui O.S.K. Lines, Ltd. announced that I it has invested in 13 Mari Ltd. (Representative: Chief Executive Officer Krassimir Fotev, Headquarters: U.S. (Note 1)), a developer of ripple-shaped “Flowsmart” elements (Note 2) that are retrofitted to ships’ hulls, with the goal of developing and...
U.S. crude oil stockpiles rose while gasoline and distillate inventories fell last week as seasonal maintenance at refineries led to lower processing, the Energy Information Administration said on Thursday. Crude inventories rose by 4.6 million barrels to 432.5 million barrels in the week ended...
Singapore onshore fuel oil stockpiles fell to their lowest in three weeks, data showed on Thursday. Residue inventories (STKRS-SIN) were at 18.91 million barrels (2.98 million tons) in the week to Feb. 19, down 5.8% from the previous week, Enterprise Singapore data showed. The fall came on the back...
https://www.hellenicshippingnews.com/singapore-fuel-oil-stockpiles-slip-to-three-week-lows/