World News

Crane Vessel Takes on Carbon Capture System

Heerema Marine Contractors' vessel the SSCV Sleipnir has set sail this month after being retrofitted with a prototype EverLoNG carbon capture system.

19 Jun 2024

Shipping Industry Bodies Unite to Condemn Red Sea Attacks

ASA, BIMCO, CLIA, ECSA, InterManager, INTERCARGO, IAPH, ICS, IFSMA, IMEC, IMPA, IPTA, FONASBA and WSC collectively issued a statement on Wednesday calling for an end to the attacks.

19 Jun 2024

Methanol 'Superstorage' Concept Gets Joint Approach

SRC and Green Marine say technology can significantly boost onboard storage volumes of alternative marine fuel.

19 Jun 2024

BUNKER PRICES: G20-VLSFO Index Advances to Near Three-Week High

Ship & Bunker's G20-VLSFO Index rose to the highest level since May 30 on Tuesday.

19 Jun 2024

Ukraine, Middle East Hostilities Boost Oil, Market Weakness Possibly Ending

Analysts believe a bull market could re-emerge later this year.

18 Jun 2024

GCMD Issues Report on FAME Degradation in Bunker Supply Chain

The new report, titled 'Tracking the propensity of biofuels degradation across the maritime supply chain', looks at how FAME's quality changes over time in the supply chain.

18 Jun 2024

Artificial Intelligence Saves on Fuel, Shipping Emissions

Avoiding unnecesary vessel manoeuvres possible with AI, says Orca AI report.

18 Jun 2024

BUNKER PRICES: G20-VLSFO Index Rises to Highest Since May

Ship & Bunker's G20-VLSFO Index rose to the highest level since May 31 on Monday.

18 Jun 2024

Qatar Shipyard Technology Solutions Signs Air Lubrication Deal

Under the memorandum of understanding, the two firms will pursue opportunities to incorporate Armada's Passive Air Lubrication Systems on vessels owned by the Qatari firm's customers.

18 Jun 2024

VIEWPOINT: Unforeseen Consequences: Preparing the Industry for Ongoing Disruption

Shipping routes are continuously impacted by geopolitical conflict, growing climate change concerns, weather emergencies, market demands, large-scale disruptions, and more.

18 Jun 2024 · Dylan Keil, CEO and co-founder of Bearing AI

Oil Surges Despite Mixed China Data, But Market Still Mired By Conflicting Views

China's stockpiles are growing but imports are lessening.

17 Jun 2024

CIMAC Publishes ISO8217:2024 Biofuel Bunker Guidance

ISO 8217:2024 - Marine-fuels containing FAME: A guideline for shipowners & operators is the second of five planned guides for ISO8217:2024.

17 Jun 2024

VPS, Normec Verifavia Partner on Vessel Fuel, Emissions Data

The first step of the partnership is to offer verification for VPS customers using Maress.

17 Jun 2024

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

Ship & Bunker's G20-VLSFO Index was little changed at $616.50/mt on Friday, having reached the highest level since May 31 the previous day.

17 Jun 2024

European Consortium to Acquire V.Group

The STAR IV Fund will acquire the London-based firm, with completion set for early autumn 2024.

17 Jun 2024

Oil Mixed On Confusing Signals Of Oil's Current Health And Future Demand

OPEC is emerging as the prime booster of oil's ongoing global relevance.

14 Jun 2024

Liberian-Flagged Bulker Abandoned After Two Attacks in Red Sea

The bulk carrier Tutor is reported to be adrift and unlit in the Red Sea after its crew were evacuated by military authorities.

14 Jun 2024

Costa Cruises Takes on Shore Power at Kiel

The Costa Diadema used the system at Kiel for the first time on June 7.

14 Jun 2024

LNG-Fuelled Ship to Take on Fuel Cells and Hydrogen

The three companies are set to receive an ENOVA grant to retrofit the multipurpose vessel Kvitnos.

14 Jun 2024

Asia-Europe Box Freight Rates May Hit $20,000/FFE: Sea-Intelligence

The consultancy wrote a note to clients on Thursday examining the effect on rates caused by longer voyages around Africa.

14 Jun 2024