World News

NS United Kaiun Kaisha to Install Rotor Sail System on Bulker

The system is expected to cut fuel consumption and CO2 emissions by about 6-12%.

17 Oct 2024

Oil Declines Again As Traders Prove Impervious To Declining Stocks, Middle East

More details about China's stimulus package also fail to impress.

17 Oct 2024

Wallenius Wilhelmsen Shifts 10% of Bunker Consumption to Biofuel Blends

About 10% of the firm's bunker consumption in 2024 has been of B30 blends.

16 Oct 2024

ISO Starts Work on Next Revision of 8217 Marine Fuel Specification

The ISO 8217:2024 specifications were published in May, in the first full update to the standards since 2017, and meetings are already being held on the next revision.

16 Oct 2024

Carnival Corporation to Meet 2030 GHG Cut Target in 2026

In 2021 Carnival set a target of a 40% reduction in carbon emissions per available lower berth day from 2008's levels by 2030.

16 Oct 2024

X-Press Feeders Targets Shift to E-Methanol Within 3-5 Years

The company expects to run two to four of its vessels on synthetic methanol within the next five years.

16 Oct 2024

BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low as Oil Slumps

Ship & Bunker's G20-VLSFO Index lost $14/mt to the lowest level since October 3 on Tuesday.

16 Oct 2024

Cepsa Sees Global Biofuel Blend Demand Tripling in Coming Years

Cepsa expects a significant expansion in global biofuel blend sales from 2025.

16 Oct 2024

Oil Plummets On Easing Iran Fears, But Disruption Still Possible, Analyst Warns

But the IEA still believes an oil surplus is likely in 2025.

15 Oct 2024

VPS Launches Strategic Partnership With Metcore International

The partnership is aimed at advancing industry standards and ensuring the efficiency and integrity of bunker supply operations globally.

15 Oct 2024

Osprey Energy Hires Senior Trader in Africa

The new hire had previously worked as a marine fuels trader for South African Bunkering and Trading since February 2015.

15 Oct 2024

INSIGHT: LNG and Bio-LNG Infrastructure, Demand and Price Drivers

Mustafa El Zein, new fuels advisor at Glander International Bunkering, discusses recent developments in the LNG bunker market.

15 Oct 2024 · Glander International Bunkering

BUNKER PRICES: G20-VLSFO Index Slips for First Session in Three

Ship & Bunker's G20-VLSFO Index lost $1.50/mt to $622.50/mt on Monday, having reached the highest level since October 3 in the previous session.

15 Oct 2024

Oil Drops On China's Economic Woes And Vague Stimulus Strategy

Meanwhile, Russia continues to do brisk business despite the G-7 price caps.

14 Oct 2024

Oilchart International Hires CEO From ExxonMobil

Johan Saerens joined the firm as CEO as of October 1, a company representative tells Ship & Bunker.

14 Oct 2024

SIBCON 2024: IBIA Welcomes Singapore's Mandatory e-BDN Plans

IBIA supports Singapore's decision on the basis of its improving transparency in the industry, Executive Director Alexander Prokopakis tells Ship & Bunker.

14 Oct 2024

SIBCON 2024: EMSA to Look Into Nuclear Propulsion

EMSA is is planning to publish a report on nuclear propulsion next year, Executive Director Maja Markovčić Kostelac tells Ship & Bunker.

14 Oct 2024

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

Ship & Bunker's G20-VLSFO Index gained $7.50/mt to the highest level since October 3 on Friday.

14 Oct 2024

SIBCON 2024: E-BDNs May Reduce Need for Long Credit Terms

The processing of paper documentation has historically been one reason why shipping companies pay for their fuel several weeks after delivery, Minerva CEO Tyler Baron tells Ship & Bunker.

14 Oct 2024

SIBCON 2024: Maersk Keeps an Open Mind on Nuclear Propulsion

Nuclear is one of the long-term options under consideration at Maersk, Maersk Oil Trading CEO Emma Mazhari tells Ship & Bunker.

14 Oct 2024