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CMA CGM May Double Methanol-Fuelled Boxship Order
The company announced an order of six 15,000 TEU dual-fuel ships with methanol propulsion in July.
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07DecWhile the organisation is supportive of the measure in the short term, its members believe it would not deliver equitable emissions reductions if used as a framework for future regulations. Read in Full
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07DecOliver Foster has joined the company as credit manager in the UK as of this month. Read in Full
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07DecKerolos Labib joined the Dubai office as bunker trader in October, while Muriuam Saeed joined as senior base oils trader the same month. Read in Full
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07DecIn 2022 over previous year. Read in Full
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07DecWith a combination of physical and comparable ship type data. Read in Full
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07DecThe status allows the EDF and ZESTAs to attend IMO meetings and provide input into the organisation's work developing regulations. Read in Full
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07DecThe firm is looking for candidates with at least three years of experience in Singapore's bunker industry. Read in Full
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07DecMove in line with growing demand for methanol as marine fuel. Read in Full
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07DecShift is working with Japan's Terasaki Electric Co on the project. Read in Full
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07DecBut the Middle East is thriving in an inflationary world. Read in Full
IBIA Annual Convention 2022
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Nov 28Bunker market participants should to more to reach out to each other across the world to find solutions to each other's problems, according to consultant Eric Evans. -
Nov 28Shipping companies need to step up and take action in the short term rather than talking more, according to Mikkel Kannegaard of Maersk Oil Trading. -
Nov 25"It's not something that we see as a major step on the way, but it can solve a few things along the way," Maersk Oil Trading's Mikkel Kannegaard said at the IBIA convention. -
Nov 23Almost every discussion at last week's convention ended up turning to the theme of decarbonisation before long, and speakers said the current downturn was not yet sharp enough to postpone the green transition. -
Nov 23Panelists at the Houston-based conference said the need for these regulatory developments was less urgent in the Americas. -
Nov 23Georgia Kounalakis, managing director of Bunker One USA, mentioned the rising costs in a panel session at the IBIA Annual Convention 2022 in Houston last week. -
Nov 22"I think the elephant in the room is fraud," Point Bonita Capital's Ross Berger told a panel session at the IBIA convention last week. -
Nov 22The inflation that came alongside this year's advance in energy markets is now raising concerns over the central-bank response bringing a global recession. -
Nov 22Hartree's Marc Holm sees inflation as the main driver for weaker boxship demand. -
Nov 22IBIA is in the process of revising its code of ethics into an enforceable code of conduct.
Top Stories More
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Nov 30The system will be phased in over three years, with the system starting in 2024 with 40% of the costs due, 70% in 2025 and 100% from 2026 onwards. -
Nov 14October's total was down by less than 0.1% from the same month a year earlier, but up by 7.1% from September's level. -
Nov 14The company has not set out whether its expansion will involve a new brand within Bunker Holding. -
Nov 11Enagas-owned Scale Gas has been awarded EUR 15 million of funding from the Spanish Ministry of Transport, Mobility and Urban Agenda to support the vessel's construction. -
Nov 03Global Energy Trading soon plans to add biofuel blends to the range of marine fuels it offers, and will start offering methanol from 2024.
Insights & Analysis More
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Nov 28Bunker buyers need to consider other factors beyond finding the cheapest fuel, according to Maaz Ahmed of Oilmar Shipping and Chartering. -
Nov 14October's total was down by less than 0.1% from the same month a year earlier, but up by 7.1% from September's level.
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Nov 03Steve Bee of global testing firm VPS sets out how bunker fuel screening can be deployed to avoid fuel-quality problems.
Decarbonisation and Alternative Marine Fuels & Power More
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Dec 07While the organisation is supportive of the measure in the short term, its members believe it would not deliver equitable emissions reductions if used as a framework for future regulations. -
Dec 07The company announced an order of six 15,000 TEU dual-fuel ships with methanol propulsion in July. -
Dec 07Move in line with growing demand for methanol as marine fuel. -
Dec 07Shift is working with Japan's Terasaki Electric Co on the project. -
Dec 06Under current plans road haulage will enter the ETS several years after shipping.
Latest Bunker Prices See All Bunker Prices
| VLSFO | MGO | IFO380 | ||||
|---|---|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | $/mt | +/- | |
| Global 4 Ports Average | 610.00 | 15.00 | 947.00 | 23.50 | 375.00 | 10.00 |
| Global 20 Ports Average | 669.50 | 15.00 | 1012.50 | 16.50 | 447.00 | 9.50 |
| Global Average Bunker Price | 734.50 | 9.50 | 1098.00 | 8.00 | 495.00 | 8.00 |
| Singapore | 649.50 | 17.00 | 921.50 | 47.00 | 375.50 | 15.50 |
| Rotterdam | 556.50 | 28.50 | 853.50 | 42.00 | 363.50 | 17.50 |
| Fujairah | 633.50 | 20.50 | 1138.50 | 4.50 | 352.00 | 5.50 |
| Houston | 600.00 | 5.00 | 875.50 | 0.00 | 410.00 | 0.00 |
| Busan |
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| Colombo |
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| Durban |
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| Gibraltar | 605.50 | 19.50 | - | 484.50 | 6.00 | |
| Hong Kong | 660.00 | 8.00 | 942.50 | 2.50 | 422.00 | 26.50 |
| Istanbul | 728.00 | 9.00 | 1086.50 | 0.00 | 623.00 | 19.50 |
| LA / LB | 808.00 | 0.00 | 1031.50 | 0.00 | 454.50 | 0.00 |
| Las Palmas |
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| Mumbai |
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| New York | 634.00 | 0.00 | 1010.00 | 0.00 | 411.50 | 0.00 |
| Cristobal, Panama |
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| Piraeus | 756.50 | 37.50 | 953.00 | 38.00 | 449.00 | 1.00 |
| Santos | 646.00 | 21.00 | 1196.50 | 11.00 | - | |
| Shanghai |
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| St Petersburg |
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| Tokyo |
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Top Bunker Prices All Prices
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Global 20 Ports Average | 669.50 | 15.00 | 1012.50 | 16.50 |
| Global 4 Ports Average | 610.00 | 15.00 | 947.00 | 23.50 |
| Global Average Bunker Price | 734.50 | 9.50 | 1098.00 | 8.00 |
| Singapore | 649.50 | 17.00 | 921.50 | 47.00 |
| Fujairah | 633.50 | 20.50 | 1138.50 | 4.50 |
| Rotterdam | 556.50 | 28.50 | 853.50 | 42.00 |
| Houston | 600.00 | 5.00 | 875.50 | 0.00 |
Bunker Jobs
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Dec 07The firm is looking for candidates with at least three years of experience in Singapore's bunker industry. -
Dec 06The firm is looking for candidates with excellent written and spoken Greek and English and preferably at least three years of relevant experience. -
Dec 06Growing dry bulk vessel operator is expanding. -
Dec 01The company is looking for candidates with a relevant degree and with experience as an auditor or financial controller. -
Nov 30Vernon Jayanathan of Maritime Recruitment Company Ltd is looking to recruit a London-based trader for a marine fuel supplier and trading firm. -
Nov 30The company is looking for candidates with at least four years of experience in a related role and a master's degree. -
Nov 29The firm is looking for candidates with at least five years of experience in a similar role. -
Nov 24The firm is looking for candidates with business-level English skills, knowledge of shipping and preferably previous experience in the bunker industry. -
Nov 23The firm is looking for candidates with strong operational expertise in contract management as well as proven sales skills.
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Nov 23The firm is looking for candidates with several years of solid sales and trading experience.
Popular Now More
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Dec 06Bulk carrier detained yesterday, records show. -
Dec 07But the Middle East is thriving in an inflationary world. -
Dec 06Turkey has issued a notice requiring all ships transiting or entering Turkish waters from the start of this month to provide letters of confirmation from a P&I Club stating that cover will remain in place 'under any circumstances'. -
Nov 30The system will be phased in over three years, with the system starting in 2024 with 40% of the costs due, 70% in 2025 and 100% from 2026 onwards.
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Dec 06Growing dry bulk vessel operator is expanding.
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Dec 07The firm is looking for candidates with at least three years of experience in Singapore's bunker industry.
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Dec 05While a majority of companies are paying close attention to the new rules, a significant minority is being less proactive, Bearing CEO Dylan Keil tells Ship & Bunker.