World News

41% of Tonnage Ordered in 1H24 Can Run on Alternative Fuels: Clarksons

Alternatively-fuelled ships too up about a third of ships ordered in the first half, and 41% of tonnage orders.

2 Jul 2024

OW Bunker Cases Result in $92.8 Million Settlement

The Danish Eastern High Court will need to formally approve the settlement before it is finalised.

2 Jul 2024

Shell Halts Construction of Large Biofuel Plant in Rotterdam

The purpose of the pause is 'to address project delivery and ensure future competitiveness given current market conditions'.

2 Jul 2024

KPI OceanConnect: Bunker Volumes Up 9% to 12m mt, Pre-Tax Profits Drop 59%

For 2023/24 the firm's pre-tax profit per tonne was about $1.67/mt, down from about $4.45/mt the previous year.

2 Jul 2024

Maritime Partners Acquires E1 Marine

Maritime Partners will use the acquisition to help develop sustainable fuel sources for the maritime industry.

2 Jul 2024

BUNKER PRICES: G20-VLSFO Index Drops for First Session in Five

Ship & Bunker's G20-VLSFO Index lost $2/mt to $636/mt on Monday, in its first daily decline since June 24.

2 Jul 2024

Oil Rebounds On Sentiment, But Market Awash In Bearish Signs

Meanwhile, the Trans Mountain pipeline delivers strong numbers.

1 Jul 2024

Trafigura Completes First Ship-to-Ship Ammonia Transfer Off Ceuta

The firm's chartered vessel the Green Power delivered about 6,000 mt of ammonia to the gas carrier Gas Aegean off Ceuta last week.

1 Jul 2024

ZeroNorth Sees 'Line of Sight to Profitability' After Losses Widened in 2023

The firm saw a net loss of $36.8 million in 2023, up from a $32.8 million loss the previous year.

1 Jul 2024

BUNKER JOBS: Hawks Group Seeks Traders in Dubai, Singapore and China

The company is looking for candidates with at least three years of experience for bunker trader roles and one or two years of experience for junior trader roles.

1 Jul 2024

Arctic HFO Ban Comes Into Force

The ban has come into force as of July 1, having been adopted by the IMO's Marine Environment Protection Committee in June 2021.

1 Jul 2024

Blue World Completes Testing on Methanol Fuel Cell System for Ships

The company now plans to install a 1 MW pilot system on board one of AP Moller-Maersk's methanol-fuelled boxships in the first half of 2026.

1 Jul 2024

BUNKER PRICES: G20-VLSFO Index Advances for Fourth Day

Ship & Bunker's G20-VLSFO Index gained $0.50/mt to the highest level since May 20 on Friday.

1 Jul 2024

Commercial Ship Approached by 12 Small Craft in Red Sea

The incident took place about 13 nautical miles south-west of Al Mukha at 3:10 AM UTC on Sunday.

1 Jul 2024

Oil Dips On Profit Taking, Persistent Bearish Sentiment

Yet, fundamentals still point to a robust second-half 2024.

29 Jun 2024

Carnival Plans Biofuel Demonstration Project at Port of Seattle

The company has signed a new 10-year preferential berthing agreement with the Port of Seattle.

28 Jun 2024

Carnival Expects to Spend $15 Million on EU-ETS Compliance This Year

The firm's EUA cost for 2024 is anticipated to total $15 million, or 0.7% of its total fuel and emissions bill for the year.

28 Jun 2024

BUNKER PRICES: G20-VLSFO Index Rises for Third Day

Ship & Bunker's G20-VLSFO Index gained $2/mt to the highest level since May 20 on Thursday.

28 Jun 2024

Marine Brokers ApS Wins ISCC Certification

The firm was awarded ISCC EU certification for renewable fuel supply as of May 14.

28 Jun 2024

Gaza Tensions, Huge Supply Build Immobilize Traders - And Oil Prices

Meanwhile, the Trans Mountain pipeline aims to turn a profit in 2026.

27 Jun 2024