World News

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

Cargill Plans 5% Cut to Global Workforce: Report

The majority of the reductions are expected to take place this financial year.

3 Dec 2024

Six to Nine Million MT/Year of Iranian Fuel Oil Smuggled Via Iraq: Report

Revenues from this smuggled oil may total $1-3 billion/year.

3 Dec 2024

TFG Marine Completes Majority Stake Acquisition in Vilma Oil Med

The acquisition was first announced in April.

3 Dec 2024

BUNKER PRICES: G20-VLSFO Index Declines

Ship & Bunker's G20-VLSFO Index lost $1/mt to $578.50/mt on Monday, erasing most of Friday's advance.

3 Dec 2024

Oil Stagnant Amid Sudden Fed Fears And China Optimism

Meanwhile, the Middle East ceasefire appears shaky.

2 Dec 2024

CTI Group Acquires Greece's NAIAS Labs

The firm has completed the acquisition and started to integrate it into the Maritec brand as a means of expanding its work in the marine energy transition space.

2 Dec 2024

GCMD Develops 'FAME Fingerprinting' With VPS

The two organisations have developed a technique to identify FAME's unique chemical fingerprint.

2 Dec 2024

Maersk Orders 20 Gas-Fuelled Boxships

The firm has ordered the 20 dual-fuelled ships -- representing 300,000 TEU of total capacity -- from three different yards.

2 Dec 2024

UECC Signs Bio-LNG Deal With Titan

Under the deal, the majority of liquified gas supplied by Titan to UECC for the remainder of this year and most of 2025 will be bio-LNG.

2 Dec 2024

Stolt Tankers to Use HVO20 Bunker Blend on More Than 30 Inland Tankers

The biofuels are expected to reduce the fleet's carbon emissions by about 18%.

2 Dec 2024

BUNKER PRICES: G20-VLSFO Index Rises for First Day in Five

Ship & Bunker's G20-VLSFO Index gained $1.50/mt to $579.50/mt on Friday, having reached the lowest level since June 2023 the previous day.

2 Dec 2024

Traders Ignore Ceasefire Violations As Oil Incurs More Daily, Weekly Losses

Meanwhile, concern over Trump tariffs continues to diminish.

29 Nov 2024

Maersk Pares Back 2030 Alternative Fuel Ambitions

The company now reportedly expects 15-20% of its bunker consumption to be alternative fuels by 2030, down from a previous target of 25%.

29 Nov 2024

Pacific Basin Shipping Orders Four Methanol-Fuelled Bulkers

The dual-fuelled ships are due for delivery in 2028 and 2029, and will be able to run on conventional fuel oil, biodiesel and methanol.

29 Nov 2024

BUNKER PRICES: G20-VLSFO Index Drops for Fourth Day

Ship & Bunker's G20-VLSFO Index lost $2/mt to $578/mt on Thursday, reaching the lowest level since June 2023.

29 Nov 2024

UK Appoints New Transport Minister

Heidi Alexander is taking on the role of secretary of state for transport.

29 Nov 2024

BUNKER JOBS: Trading Firm Seeks Trader in London, Singapore or Dubai

The company is looking for candidates with proven experience in B2B bunker trading and a strong understanding of bunker markets.

29 Nov 2024

Weekly Vessel Scrapping Report 2024: Week 47

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from November 21 – November 27, 2024.

28 Nov 2024

Maersk Now Lists Fossil LNG in Global Fuel Portfolio

The company now sees its global fuel portfolio as comprising conventional bunkers, biodiesel, methanol, LNG and bio-LNG.

28 Nov 2024