World News

Oil Rises As U.S. Stock Draws Dispel Demand Fears; But Bearishness Still Prevails

Futures remain higher year-to-date despite the hand-wringing.

24 Jul 2024

Wärtsilä to Supply Hybrid-Electric Propulsion System for Limestone Carrier

The ship will be the world's first fully electric battery-capable self-unloading vessel.

24 Jul 2024

Belgian Shipowners Raise Concerns Over IMO CII Formula

The Royal Belgium Shipowners' Association argues a thorough review of the formula is needed.

24 Jul 2024

BUNKER PRICES: G20-VLSFO Index Drops to Five-Week Low

Ship & Bunker's G20-VLSFO Index dropped by $4/mt to the lowest level since June 18 on Tuesday.

24 Jul 2024

Carnival Orders Three New LNG-Fuelled Cruise Ships

The three ships will be used by Carnival Cruise Line and are due for delivery in 2029, 2031 and 2033.

24 Jul 2024

NYK Installs Wind-Assisted Propulsion System on Bulker Chartered by Cargill

The firm installed two 16m VentoFoil vertical wings on board the bulker NBA Magritte at Rotterdam on July 8.

23 Jul 2024

Trafigura Completes Acquisition of High Heat Tankers

The firm has completed the acquisition of Gearbulk's 50% stake in the tanker company.

23 Jul 2024

Vitol Prepares to Launch Maldives Bunkering Operation

Discussions are ongoing among local authorities and stakeholders ahead of the launch.

23 Jul 2024

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

Ship & Bunker's G20-VLSFO Index dropped by $7/mt to the lowest level since June 24 on Monday.

23 Jul 2024

Oil Prices And Sentiment Fall Again, Traders Cling To Interest Rate Hopes

Meanwhile, hope for a Gaza ceasefire is dashed by new attacks on the territory.

23 Jul 2024

BUNKER PRICES: G20-VLSFO Index Holds Steady as Crude Sinks

Ship & Bunker's G20-VLSFO Index was little changed at $637/mt on Friday, having gained $1.50/mt the previous day.

22 Jul 2024

Israel Targets Yemeni Port of Hodeidah for Airstrikes: Report

IDF fighter jets targeted oil refining facilities at the port on Saturday evening.

20 Jul 2024

Oil Plummets On Renewed Assumptions That Gaza Ceasefire Is Imminent

Meanwhile, Washington investigates for collusion between energy firms and OPEC.

19 Jul 2024

European Commission Plans Anti-Dumping Measures on Chinese Biofuel

The commission reportedly plans to impose tariffs of up to 36.4% on biodiesel imports from China.

19 Jul 2024

Singapore-Flagged Boxship Struck by 'Unidentified Projectiles' in Gulf of Aden

The 2,082 TEU Singapore-flagged boxship Lobivia has moved to Somalia to assess the damage from the attack.

19 Jul 2024

Fujairah June Bunker Sales Drop to Seven-Month Low

If Fujairah's sales continued their performance from the first six months of the year, 2024's total would be 7.74 million mt, up by 3.6% on the year and the most since 2022.

19 Jul 2024

Baseblue Hires Senior Post-Fixture Operator in Cyprus

The new hire had earlier worked as a shipping operations manager for Beacon Shipping Ltd in Cyprus.

19 Jul 2024

Fratelli Cosulich Reports 47.6% Drop in Marine Energy Profit in 2023

The fall was from an abnormally high level of profit in 2022 as geopolitical turmoil led to higher bunker margins.

19 Jul 2024

BUNKER PRICES: G20-VLSFO Index Advances for First in Three Sessions

Ship & Bunker's G20-VLSFO Index gained $1.50/mt to $637/mt on Thursday, having reached the lowest level since July 12 the previous day.

19 Jul 2024

Maritime Firm BOURBON Takes on Opsealog Fleet Optimisation Service

The agreement follows a six-month pilot on 25 of BOURBON's offshore supply vessels, in which the ships saved an average of 40-50 mtCO2e/month per vessel.

18 Jul 2024