World News

BUNKER PRICES: G20-VLSFO Index Drops to Three-Year Low

Ship & Bunker's G20-VLSFO Index lost $5.50/mt to the lowest level since September 2021 on Friday.

9 Dec 2024

Oil Down For The Week Over Demand Fears, Cynicism For OPEC Cut Extensions

A U.S. rig count increase added to Friday's gloom.

6 Dec 2024

Ship Adrift and Listing in Red Sea After Crew Evacuation

The ship was reported as adrift about 105 nautical miles north-west of Al Hudaydah at 4:30 AM UTC on Friday.

6 Dec 2024

Damage From Wakashio Spill Persists, Researchers Find

An indepth look at the impact of very low sulphur fuel oil on tropical marine environment by academics from Curtin University could inform mitigation plans for future spills involving the same grade of oil.

6 Dec 2024

Varo Energy in Talks to Buy Preem's Two Swedish Refineries: Report

Varo is in talks to acquire the Gothenburg and Lysekil refineries from Preem's parent company, Corral Petroleum Holdings.

6 Dec 2024

27 New Alternative-Fuelled Ships Ordered in November: DNV

Of these 27 orders, 23 were for LNG-fuelled ships.

6 Dec 2024

BUNKER PRICES: G20-VLSFO Index Declines

Ship & Bunker's G20-VLSFO Index lost $2.50/mt to $578.50/mt on Thursday, paring the previous day's and approaching the 18-month low encountered earlier this week.

6 Dec 2024

Oil Dips As Analysts Debate Impact Of OPEC Production Delay

The move is bullish, but Trump complicates matters.

5 Dec 2024

Weekly Vessel Scrapping Report 2024: Week 48

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from November 28 – December 4, 2024.

5 Dec 2024

Cargo Vessel Crew Abandon Ship Off Djibouti

The 8,300 DWT Isa Star sent a distress call on December 5 after flooding was observed in the engine room.

5 Dec 2024

Rotterdam Runs Pilot Bio-LNG Bunker Operation

Under Rotterdam-Singapore green corridor initiative, operation carries sustainability certification to meet EU regulations.

5 Dec 2024

Three Trading Firms Now Dominate Russian Oil Exports to India: Report

India currently buys 1.8-2 million b/d of Russian crude, taking up more than a third of its imports.

5 Dec 2024

BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High

Ship & Bunker's G20-VLSFO Index gained $3.50/mt to the highest level since November 26 on Wednesday.

5 Dec 2024

OPEC Jitters Cause Oil To Drop By 2% Amid More Bearish Signals

Meanwhile, the Trump presidency may cause oil to drop below $60.

4 Dec 2024

US Adds 14 Companies and 21 Tankers to Iran Sanctions List

The 35 entities and vessels play a critical role in 'transporting illicit Iranian petroleum to foreign markets', the US Department of the Treasury said on Tuesday.

4 Dec 2024

Axpo Group Hires LNG Bunker Trader From Navig8

The new hire previously worked as alternative fuels business manager for Navig8 Group from May 2023 to this month.

4 Dec 2024

BUNKER PRICES: G20-VLSFO Index Drops to 18-Month Low

Ship & Bunker's G20-VLSFO Index lost $1/mt to the lowest level since June 2023 on Tuesday.

4 Dec 2024

Israeli Sabre-Rattling Spooks Traders, Oil Jumps By Over 2%

Meanwhile, the efficacy of possible OPEC output delays is questioned.

3 Dec 2024

Bunker Credit Managers Sanguine on Adani Risk After US Indictment

Gautam Adani has characterised the Justice Department's allegations as 'baseless' and said his firm would seek 'all possible legal recourse' in fighting them.

3 Dec 2024

VPS: Methanol as a Marine Fuel

Steve Bee, group commercial director at VPS, discusses the emergence of methanol as a marine fuel.

3 Dec 2024