E-fuel company Liquid Wind has filed for bankruptcy, according to a number of Swedish media reports, and the move follows only days after the company applied for an environmental permit for the Övik e-fuel facility in Örnsköldsvik According to Liquid Wind, this facility would be integrated with Övik Energi’s biomass-fuelled boiler and CHP plant, and, using renewable electricity, would produce green hydrogen through electrolysis. This would then be combined with 150,000 tons of captured biogenic CO₂ from the CHP plant to produce more than 100,000 tons of eMethanol per year. At the announcement of this project in February 2025, it […]

Norway’s Wallenius Wilhelmsen has reported adjusted EBITDA of $389 million for Q1 2026, with its President and CEO, Lasse Kristoffersen, remarking that while shipping demand remains very strong, ‘the conflict in the Middle East and an increasingly tight charter market is putting pressure on net bunker and capacity costs.’ The company’s revenues in Q1 2026 were $1,253 million, a 1% dip quarter on quarter. Net profit for Q1 was $177 million compared to $175 million in Q4 2025.  ‘2026 will be affected by the current cost surge, and the situation underpins the value of our financial commercial and operational strength, said […]

Marine fuel supplier TFG Marine has signed a working capital facility of up to $300 million with Singapore headquartered DBS Bank and electronic bunker delivery notes (eBDNs) will be used to support the audit and verification of transactions financed by the facility The deployment of eBDNs is supported by TFG Marine’s collaboration with digitalisation specialist ZeroNorth and Singapore Trade Data Exchange Services Pte. (SGTraDex). The companies have worked together to roll out digital bunker delivery solutions at global locations, including the first deployment of the technology in the Middle East at the Port of Sohar in Oman. Bennett Pekkattil, Chief […]