World News

Ammonia Needs Respect, Not Fear: DNV

DNV says an industry-wide collaboration, including ammonia producers and regulators, is needed to ensure a safe transition to ammonia marine fuel.

8 May 2025

BUNKER PRICES: G20-VLSFO Index Advances to Three-Day High

Ship & Bunker's G20-VLSFO Index gained $3.50/mt to $518.50/mt on Wednesday, reaching its highest level since April 30.

8 May 2025

Oil Sinks on Concern US/China Talks May Trigger Demand Destruction

But talks with Iran seem more promising - and could also cause price declines.

7 May 2025

Wärtsilä Launches Carbon Capture System for Ships

Wärtsilä says its onboard carbon capture system is now commercially available.

7 May 2025

President Trump Calls End to Red Sea Crisis

"They say they will not be blowing up ships any more, and that's the purpose of what we were doing," President Trump said.

7 May 2025

BUNKER PRICES: G20-VLSFO Index Rallies With Crude

Global VLSFO prices are advancing with crude.

7 May 2025

MSI Predicts 80% Spike in Bunker Costs Under IMO's Midterm Plans

MSI projects that IMO's midterm measures could add $100 billion annually to bunker costs by 2035, as penalties drive up prices for conventional fuels by up to 82%.

7 May 2025

Oil Skyrockets As Demand Concerns Give Sudden Way To Supply Worries

Meanwhile, analysts dismiss earlier concerns of OPEC quota rises causing a glut.

6 May 2025

Maersk and HD Hyundai to Trial Fuel-Saving Navigation Tech

Both firms will collaborate to develop decarbonisation solutions for ships.

6 May 2025

BIMCO Adopts Energy Efficiency Data Sharing Clause

BIMCO says the clause will act as an essential tool for owners and charterers to collaborate on improving data sharing practices.

6 May 2025

KPI OceanConnect's Dorthe Bendtsen Appointed Permanent CEO

Dorthe Bendtsen, who had taken on the role on an interim basis in November, is now the company's permanent CEO as of May 1.

6 May 2025

BUNKER PRICES: G20-VLSFO Index Drops to 3 1/2-Year Low

Global VLSFO prices reached a multi-year low on Monday.

6 May 2025

Biofuels Paired with Onboard Carbon Capture Could Slash Shipping Emissions by 121%

GCMD's study reveals that combining biofuels with carbon capture systems offers "negative carbon" potential, outpacing fossil fuel alternatives in cost and compliance.

6 May 2025

INTERVIEW: How to Navigate the Bunker Job Market in a Downturn

Vernon Jayanathan of Maritime Recruitment Company Ltd discusses how bunker employees and employers can deal with the job market during a slump in oil prices.

6 May 2025

US and South Korea Move Ahead with Green Shipping Corridor

During COP 27, both countries agreed to develop a green shipping corridor by 2027.

6 May 2025

OPEC Signals Full Speed Ahead With Output, Crude Prices Drop Yet Again

Meanwhile, Trump says cheap oil is working in his favour.

5 May 2025

Hydrogen Makes Comeback as April Sees Strong Alt-Fuel Vessel Orders: DNV

April saw a surge in alternative-fuel vessel orders, with 49 ships added to the global orderbook.

5 May 2025

Eight OPEC+ Members Announce June Oil Output Boost

The countries will add 411,000 bpd to their output in June.

5 May 2025

Glander International Bunkering Managing Director for India Steps Down

The executive had worked for Glander since June 2006.

5 May 2025

TotalEnergies Takes on LR Technology to Reduce Fuel Consumption

The route optimisation technology demonstrated bunker fuel savings of 725 mt across TotalEnergies' fleet.

5 May 2025