Sulnox has raised £2 million through a subscription for new ordinary shares and the marine fuel additives firm has said that some of the net proceeds will be used to expand global inventory and support continued commercial expansion across marine and land-based sectors. According to Sulnox, purchasers of the new shares include ‘a shipowner whose company has been using Sulnox Eco on multiple vessels for more than two years’ as well as Nistadgruppen AS, an existing shareholder in the company which now owns more than 10% of Sulnox’s issued Ordinary Shares. Radu Florescu, Chairman of Sulnox, commented on the results […]

‘Bring back to us the funds we are paying to the EU Emissions Trading System (ETS) – we need our money back to be invested in the production of the new green fuels and we need these funds to make us more competitive and more environmentally friendly,’ Mikki Koskinen, MD of Finland’s ESL Shipping and President of the European Community’s Shipowners’ Associations (ECSA), told delegates at the Headline Conference of the Nordic-Baltic Maritime Forum in Helsinki on 27 March. In his keynote address, Koskinen, who took up his role as ECSA President at the start of  2026, told the conference […]

Digital bunker platform Ofiniti has raised $6.8 million in a recent funding round which will be used to scale its reach across key global bunkering hubs. The latest round was led by Verb Ventures, co-led by ShipsFocus, and with participation from other investors such as DNV and Nysnø. The investment brings Ofiniti’s total funding to date to $9 million. ‍Ofiniti was established within DNV and became an independent company in 2024. It is headquartered in Copenhagen and in 2025, it acquired Singapore-based Angsana Technology, thereby expanding its customer base in Asia-Pacific. Through its platform, Ofiniti handles scheduling, operational coordination, and […]