World News

DNV Warns of Sulfur Emissions Non-Compliance Caused by Faulty Equipment

Ships experiencing problems with their scrubbers are required to report the issue but these problems are sometimes not discovered because of faulty emissions monitoring equipment, according to DNV.

1 Nov 2024

Yanmar Reports Successful Trial of Hydrogen Engine for Coastal Vessels

The firm has completed a land-based demonstration test of a pilot-ignition hydrogen 4-stroke high-speed engine for power generation in coastal vessels.

1 Nov 2024

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

Ship & Bunker's G20-VLSFO Index gained $1.50/mt to the highest level since October 28 on Thursday.

1 Nov 2024

XO Shipping Appoints New CEO

Former Maersk and Monjasa employee Sinan Utlu has taken on the role of CEO of XO Shipping as of this month.

1 Nov 2024

Oceanwings Wins DNV Approval for Wind-Assisted Propulsion System

DNV has awarded approval in principle to the OceanWings windsail.

1 Nov 2024

Iran Vow To Strike Israel From Iraq "Jolts" Crude Prices

Meanwhile, the U.S. elections continue to influence oil trading.

31 Oct 2024

Weekly Vessel Scrapping Report 2024: Week 43

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from October 24 – October 30, 2024.

31 Oct 2024

Shell Reports Expectations-Beating $6 Billion Profit in Q3

The firm saw adjusted earnings of $6.028 billion in Q3, down from $6.293 billion the previous quarter and from $6.224 billion a year earlier.

31 Oct 2024

Ireland Mulls Joining Proposed Northeast Atlantic ECA

The plan would be to establish an ECA around Greenland, Iceland, the Faroe Islands, Ireland and the west coasts of the UK, France, Spain and Portugal.

31 Oct 2024

Ammonia Risks Are 'Major Safety Deterrents': Rio Tinto

The timing remains uncertain for when the company will charter its first ammonia-fuelled ship.

31 Oct 2024

Trafigura Warns of Potential $1.1 Billion Loss From 'Serious Misconduct' in Mongolian Unit

Individuals in the Mongolian business allegedly manipulated data and documents, resulting in inflated sums being paid by Trafigura, and deliberately concealed overdue receivables.

31 Oct 2024

Bureau Veritas Sees Lack of Regulatory Clarity for Wind-Assisted Propulsion

The firm has published a white paper on wind propulsion technologies, setting out how the systems work, the regulatory landscape, advantages and disadvantages and means of optimisation.

31 Oct 2024

Global Fuel Supply Hires New Group CFO

The new hire has been CFO of Henriks Consulting Group in Denmark since October 2022.

31 Oct 2024

BUNKER PRICES: G20-VLSFO Index Jumps for First in Four Sessions

Ship & Bunker's G20-VLSFO Index gained $5/mt to $589.50/mt on Wednesday, having reached the lowest level since June 2023 the previous day.

31 Oct 2024

INTERVIEW: Will Regulation, Not Bunker Savings, Drive the Uptake of Digital Bunkering Platforms?

Ship & Bunker talks to Julie Louise Nielsen, Global Head of Bunker Sales at StormGeo.

31 Oct 2024

Oil Ekes Out Modest Gains, But U.S. Election Could "Whipsaw" Prices

OPEC has also become a focus for jittery traders.

30 Oct 2024

Only 3% of Global Ports Equipped for Shore Power

The news comes at a time when many ports are looking to reduce emissions as part of wider efforts to decarbonize the maritime industry.

30 Oct 2024

Klaveness Combination Carriers To Install its First Wind Assisted Propulsion System

Two eSAIL suction wings from bound4blue to be installed on newbuilding set for delivery in Q3 2026.

30 Oct 2024

Maesk Backs Bio-methanol With Longterm Supply Deal

As part of strategy to secure sufficient supplies of the alternative bunker fuel for its fleet of dual-fuel ships.

30 Oct 2024

Reality of Nuclear Powered Merchant Vessels Takes Another Step Forward

Faster transit speeds, zero-emission operations, and no requirement to refuel: New ABS study looks at the potential for a nuclear powered LNG carrier.

30 Oct 2024