World News

Vague Hopes For Middle East Peace Extend Oil's Losses

China's ongoing malaise also contributes to bearish sentiment.

29 Oct 2024

Wan Hai Lines Orders Eight Methanol-Ready Container Ships

The firm has ordered four 16,000 TEU methanol-ready boxships each from HD Hyundai Samho and Samsung Heavy Industries.

29 Oct 2024

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

Ship & Bunker's G20-VLSFO Index lost $15.50/mt to the lowest level since October 1 on Monday.

29 Oct 2024

Grain de Sail to Build World's Largest Pure Sailing Containership

The 360-foot Grain de Sail III is designed to have a 200 TEU capacity and slated for launch in 2027.

29 Oct 2024

WTI Suffers Biggest Daily Loss In Two Years As Concerns Shift From Israel To Oversupply

But one analyst thinks the bearish sentiment isn't justified.

28 Oct 2024

BUNKER PRICES: G20-VLSFO Index Declines for First Day in Four

Global VLSFO prices slipped on Friday, and further declines can be expected on Monday after a sharp drop in crude futures.

28 Oct 2024

BUNKER JOBS: Multiple Bunker Roles Open at Firms in Europe and US

Maritime Recruitment Company Ltd is seeking candidates for a range of bunkering roles in Europe and the US, Vernon Jayanathan tells Ship & Bunker.

28 Oct 2024

Crude Futures Slump After Limited Israeli Strikes on Iran

ICE Brent crude futures traded at $72.58/bl as of 4:21 AM in London, down from $76.05/bl at Friday's close.

28 Oct 2024

Oil Facilities Left Out of Israeli Strikes on Iran

Oil and gas infrastructure and nuclear facilities did not come under attack in Saturday morning's Israeli airstrikes.

26 Oct 2024

Oil Gains As Israel Begins Strike Again Iran And U.S. Elections Draw Nearer

But prices won't rise much even if all out war breaks out, says one analyst.

26 Oct 2024

World Kinect Q3 Marine Profits Rise as Volumes Decline

The firm sold 4 million mt of bunker fuel in Q3, down by 2.5% on the year and by 5% on the quarter.

25 Oct 2024

Amasus to Equip General Cargo Vessel With Suction Sail System

Bound4Blue will install a 22-meter unit on board the 3,000 DWT Amasus ship at the Astander Shipyard in Santander in mid-2025.

25 Oct 2024

Singapore Overtakes Rotterdam as World's Largest Biofuel Bunker Port

As of the third quarter of this year, Singapore has overtaken Rotterdam on biofuel bunker sales for the first time.

25 Oct 2024

BUNKER PRICES: G20-VLSFO Index Advances for Third Day

Ship & Bunker's G20-VLSFO Index gained $0.50/mt to the highest level since October 14 on Thursday.

25 Oct 2024

IBIA Seeks Candidates for Four Board Seats

The four vacancies are for board members whose term will be ending on March 31, 2025.

25 Oct 2024

IMO Actively Considering Nuclear Propulsion

Secretary General Arsenio Dominguez addressed the topic at the 2024 Global Maritime Forum in Japan this week.

25 Oct 2024

Oil Continues To Decline On Conflicting Worries As UK Contributes To Concerns

But Bloomberg is bullish about U.S. activity.

24 Oct 2024

Weekly Vessel Scrapping Report 2024: Week 42

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from October 17 – October 23, 2024.

24 Oct 2024

Intercargo Elects New Chairman

John Xylas, CEO of Ariston Navigation Corp, has been elected as the industry body's chairman.

24 Oct 2024

Vopak Mulls Adding Ammonia Storage at Antwerp

Operations may start in 2029 if feedback is positive.

24 Oct 2024