Credit specialist Chris Morgan, most recently Credit Manager at Shipergy, has taken up a new role as Group Risk Officer at Bunker Partner FZCO, based in Dubai. As previously reported by ship.energy, at the end of September Propeller Fuels announced its acquisition of Shipergy, the tech-led bunker trading company launched in 2022 as part of Signal Group and co-founded by Daniel Rose. Under the terms of the transaction, the assets of Shipergy, including its trading operations, client relationships and technology, transferred to Propeller on 1 October. Morgan’s career to date has included stints at some of the most high profile […]

Japan’s announcement on 2 October of new sanctions against Russian entities, individuals and 35 ships in relation to the Ukraine conflict marks the first time that the country has sanctioned vessels. The new measures were introduced under Japan’s Foreign Exchange and Foreign Trade Act, with a total of 33 entities and 9 individuals listed in a Ministry of Foreign Affairs notice. The 35 vessels were identified by their IMO numbers. Japan’s government has also introduced a payments permission system with regard to the named individuals and entities. Permission will have to be sought for capital transactions, such as contracts of […]

The Climate Ethanol Alliance has issued a new discussion note welcoming progress on the draft IMO Guidelines on Requirements and Procedures for the Recognition of Sustainable Fuel Certification Schemes (SFCS), while calling for the ‘enforcement gap’ within them to be closed in the next stage of work. New perspectives from the global ethanol partnership come as the IMO’s Intersessional Working Group on Reduction of GHG Emissions from Ships continues work to develop the SFCS guidelines, which aim to ensure traceability of fuel sustainability characteristics across the entire fuel supply chain. The note identifies five potential fraud pathways, including passing off […]