World News

Weekly Vessel Scrapping Report 2024: Week 28

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from July 11 – July 17, 2024.

18 Jul 2024

New Standard Launched for FAME Content in Biofuel Blends

The new NEN 742701 standard is designed to be complementary to the ISO 8217 standards.

18 Jul 2024

IBIA Seeks Change to CII Regulation for Bunker Vessels

IBIA proposes a correction factor for short voyages to prevent ships with frequent short-duration voyages like bunker delivery vessels from being disproportionately penalised.

18 Jul 2024

BUNKER PRICES: G20-VLSFO Index Drops to Three-Day Low

Ship & Bunker's G20-VLSFO Index lost $3/mt to the lowest level since July 12 on Wednesday.

18 Jul 2024

Oil Jumps Inexplicably On Mixed U.S. Inventory Report, As Rate Cut Hopes Intensify

A big gasoline build deflates expectations for a robust summer driving season.

17 Jul 2024

Unifeeder CEO Steps Down

Jesper Kristensen has stepped down as group CEO as of this month.

17 Jul 2024

K Line Car Carrier Takes on LNG Bunkers in Gibraltar

Peninsula's Tokyo office facilitated the deal.

17 Jul 2024

BUNKER PRICES: G20-VLSFO Index Falls as Crude Slumps

Ship & Bunker's G20-VLSFO Index ports lost $0.50/mt to $638.50/mt on Tuesday, having gained $4/mt the previous day.

17 Jul 2024

CIMAC Wins Consultative Status at IMO

The organisation had applied for the status earlier this year.

17 Jul 2024

Three Straight Losses For Oil As More Bad News From China Spooks Traders

Meanwhile, Saudi Arabia's growth potential is downgraded by the IMF.

16 Jul 2024

Alt Fuel Ammonia Carries Negative Health Impacts Without Emissions Control

Need to balance fuel use with stringent emissions rules, according to new research.

16 Jul 2024

Island Oil Releases First ESG Report

The company has released an ESG report for the first time.

16 Jul 2024

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

Ship & Bunker's G20-VLSFO Index gained $4/mt to $639/mt on Monday, in its first daily advance since July 5.

16 Jul 2024

China Data Deepens Confusion Over Global Demand, Oil Prices Dip

Meanwhile, Canada is set to ship crude to multiple Asian countries in September.

16 Jul 2024

BUNKER VOLUMES: Red Sea Diversions Help Boost Q1 Bunker Demand at Global Hubs by 6.4%

Latest market survey indicates demand at key bunkering hubs around the world is now at the highest level since the fourth quarter of 2019.

15 Jul 2024

Ship Attacked by Unmanned Small Craft and Other Vessels in Red Sea

The ship came under attack about 70 nautical miles south-west of Al Hudaydah at 5:30 AM UTC on Monday.

15 Jul 2024

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

Ship & Bunker's G20-VLSFO Index dropped by $5.50/mt to the lowest level since June 25 on Friday.

15 Jul 2024

Emerging Oil Rally Ends, Traders Spooked By Conflicting Demand Messages

Optimism over ceasefire talks and interest rate cuts may be premature.

12 Jul 2024

Titan Carries Out First Ship-to-Ship LNG Bunkering at Cuxhaven

The firm recently bunkered Van Oord's dredger the Vox Ariane with LNG at Cuxhaven.

12 Jul 2024

INTERCARGO Highlights 'Flaws' In IMO's Carbon Intensity Index

The organisation has joined industry bodies CLIA, BIMCO, ICS and INTERTANKO in calling for changes to the CII system.

12 Jul 2024