World News

Oil Tumbles On "Negative" Provision In OPEC Cutback Extension Decision

Analysts fear the cartel's strategy will further boost stockpiles.

3 Jun 2024

DNV Reports 23 New Methanol-Fuelled Ship Orders in May

Methanol-fuelled ships made up 23 of the 33 ships capable of running on alternative fuels ordered in May.

3 Jun 2024

NSI Launches EUA Broking Service With StormGeo

The two companies are working together to enable EUA procurement on the StormGeo platform, NSI's Paul Hardy tells Ship & Bunker.

3 Jun 2024

BUNKER PRICES: G20-VLSFO Index Drops to Lowest Since December

Ship & Bunker's G20-VLSFO Index sank to the lowest level since December 17 on Friday.

3 Jun 2024

OPEC+ Oil Output Cuts Extended Into 2025

The group came to the decision at a meeting on Sunday, seeking to bring balance to the market in the face of weak demand growth.

3 Jun 2024

Oil Posts Weekly Loss, On Course For Worst Monthly Declines Since December

Meanwhile, OPEC this weekend is expected to extend it output cuts.

1 Jun 2024

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

Ship & Bunker's G20-VLSFO Index fell by $1.50/mt to $627/mt on Thursday, in its first daily decline since May 24.

31 May 2024

Enagás Sees Fourfold Increase in LNG Bunker Sales in Two Years

The company delivered a total of 1,359 GWh on LNG bunkers from its operated plants in 2023, up from 300 GWh in 2021.

31 May 2024

Singapore: Fratelli Cosulich Launches Methanol Bunkering Tanker

The 8.7000 m3 capacity vessel is the company's first that is capable of delivering methanol.

30 May 2024

World Fuel Services' John Stirling Takes Position at CIMAC

He will take over the vacant position of Secretary of CIMAC's WG7 working group.

30 May 2024

FOBAS Releases FAQ For Latest ISO 8217:2024 Specification

Understandably, there will be questions related to the new edition ISO 8217 in terms of its format and technical content, says FOBAS.

30 May 2024

Weekly Vessel Scrapping Report 2024: Week 21

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from May 23 – May 29, 2024.

30 May 2024

New Physical Supplier Verde Marine Energy Launched in ARA

The new firm, called Verde Marine Energy BV, is backed by Dutch shipping company Vertom BV, Joe Tierney, the new firm's head of trading, tells Ship & Bunker.

30 May 2024

ISO 8217:2024 - Latest Bunker Fuel Specification Has Been Published

ISO 8217:2024 contains a number of important changes, not least of which being to explicitly cover 0.50%S VLSFO fuels.

30 May 2024

Conflicting Reports Of Demand Pause Oil's Upward Trajectory

Meanwhile, ConocoPhillips expands its U.S. reach in a $17 billion acquisition deal.

29 May 2024

Aviation Technology Specialists SITA Enter the Maritime Sector

SITA says Aviation is 10-15 years ahead on Maritime in terms of technology adoption.

29 May 2024

Brexit 'Loophole' Saving Operators Up to 73% on EU-ETS Costs

Ships sailing into Europe can significantly cut their apparant voyage distance for the EU-ETS by first calling at a UK port prior to entering EU waters.

29 May 2024

All Future Mega-Boxship Orders Expected to Operate on Alternative Bunker Fuels

92% of existing 'megamaxes' run on oil bunkers. 88% of 'megamaxes' on order are capable of operating on LNG or methanol.

29 May 2024

7 More MOL Ships to Get Wind Propulsion Systems, Aims for 80 by 2035

MOL is targettting 25 vessels equipped with its Wind Challenger by 2030.

28 May 2024

Brittany Ferries, Wärtsilä and Incat Partner on Zero-Emissions Vessel Project

"Upon completion of the project we can move quickly," says Brittany Ferries.

28 May 2024