World News

Weekly Vessel Scrapping Report 2025: Week 25

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from June 19 – June 25, 2025.

26 Jun 2025

Maersk Resumes Haifa Port Calls After Iran/Israel Ceasefire

Maersk halted Haifa calls on June 20, but has now resumed them for imports to Israel as of June 25 after the announcement of a ceasefire.

26 Jun 2025

Uni-Tankers Vessel Takes on Wind-Assisted Propulsion System

Econowind has installed four 16m VentoFoils on board the chemical tanker Jutlandia Swan.

26 Jun 2025

Shell Denies Making an Offer to Acquire BP

The Wall Street Journal had reported on Wednesday that talks between the two firms were at an early, but active, stage.

26 Jun 2025

Bunker Holding Hires Head of New Global Supply Organisation

Mikkel Kannegaard has joined Bunker Holding as head of its newly established global supply organisation as of this month.

26 Jun 2025

BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low

Ship & Bunker's G20-VLSFO Index fell by $5/mt to its lowest level since June 12 on Wednesday.

26 Jun 2025

Oil Rises Minimally As Iran/Israel Ceasefire Falls Under Scrutiny

Meanwhile, major U.S. stock draws again suggest demand is healthier than thought.

25 Jun 2025

OceanScore Sees FuelEU Surplus Compliance Pricing at Around €217/mtCO2e

The market for pooling overcompliance under this mechanism has thus far remained opaque, with market discussions reporting a range of sellers emerging but few firm buyers.

25 Jun 2025

Carnival Corporation's Tom Strang to Retire

Strang will remain an advisor to the company after stepping down from his full-time position.

25 Jun 2025

Pacific Basin Signs Green Methanol Supply MOU With Towngas

The MOU establishes a framework for cooperation between the two firms towards formalising a green methanol supply agreement.

25 Jun 2025

Bunker Holding Appoints Group QHSE Manager

Ørjan Hauge has taken on the role of group QHSE manager at Bunker Holding as of this month.

25 Jun 2025

Maritime Threat Level in Strait of Hormuz Remains 'Elevated': UKMTO

UKMTO implies sharp drops in crude this week may be premature as the sustainability of the Iran/Israel ceasefire remains uncertain.

25 Jun 2025

BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low

Global VLSFO prices have dropped precipitously following a ceasefire between Israel and Iran.

25 Jun 2025

Another Massive Oil Selloff As Traders Put Faith In Shaky Iran/Israel Ceasefire

Prices are now below where they were prior to the hostilities.

24 Jun 2025

Bunker Holding Reports Lowest Pre-Tax Earnings Since 2017/18

The firm's pre-tax profit from continuing operations was down by 63.8% from 2023/24 in what it characterises as 'a very demanding year'.

24 Jun 2025

Real Power Versus Corporate Titles: A Dichotomy?

Vernon Jayanathan of Maritime Recruitment Company Ltd discusses where power really lies in a bunker organisation.

24 Jun 2025

Australia Launches Russia-Related Sanctions Against 60 Ships

The move is the first time Australia has imposed sanctions on Russia's shadow fleet.

24 Jun 2025

'Fair Value' for Brent Crude at $65-70/bl After Iran Ceasefire: GRM

US President Donald Trump announced a ceasefire between Iran and Israel late on Monday, bringing an end to 12 days of conflict between the two countries.

24 Jun 2025

BUNKER PRICES: G20-VLSFO Index Drops for First Day in Two Weeks

Ship & Bunker's G20-VLSFO Index fell by $1/mt to $588/mt on Monday, in its first daily decline since June 6.

24 Jun 2025

Oil Nosedives In Advance Of Israel/Iran Ceasefire

Some analysts suggest that concerns have already reverted back to oversupply.

23 Jun 2025