World News

BUNKER PRICES: G20-VLSFO Index Drops for Third Session

Ship & Bunker's G20-VLSFO Index fell by $0.50/mt to $665/mt on Friday, remaining at the lowest level since March 28.

22 Apr 2024

Oil Incurs Biggest Weekly Loss Since February As Middle East Tensions Lose Influence

But analysts still think Middle East turmoil could jack Brent strike prices up to $150.

19 Apr 2024

Quadrise Prepares to Take on Sweet Crude for Emulsion Bunker Fuel Production

Quadrise's partner, Valkor Technologies, intends to commence drilling for heavy sweet crude at Asphalt Ridge in Utah next week.

19 Apr 2024

UK Warns of Increased Drone Activity in Middle East Waters as Israel Strikes Iran

The UK Maritime Trade Operations agency warned ships of likely increased unmanned aircraft system activity around the Middle East over the next three days.

19 Apr 2024

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

Ship & Bunker's G20-VLSFO Index sank to the lowest level since March 28 on Thursday.

19 Apr 2024

Cavotec Signs $5m Shore Power Deal

The deal includes a 'substantial' number of the firm's PowerFit containerized shore power units.

18 Apr 2024

Weekly Vessel Scrapping Report 2024: Week 15

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

18 Apr 2024

Singapore-USWC Green Corridor to Generate 850,000 MT/Year of Methanol Demand by 2030

Singapore's Maritime and Port Authority, the Port of Los Angeles and the Port of Long Beach have carried out a study examining the benefits of the corridor.

18 Apr 2024

Rio Tinto Bulker Takes on Air Lubrication System

Alfa Laval will retrofit one of the firm's bulkers with one of its OceanGlide fluidic air lubrication systems.

18 Apr 2024

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

Ship & Bunker's G20-VLSFO Index fell by $0.50/mt to $672/mt on Wednesday, in its first daily decline since April 11.

18 Apr 2024

Iran Cedes The Spotlight To China, UK, As Worried Traders Cause Oil To Plummet

However, global oil demand breaks records.

17 Apr 2024

Concern Over EU's Approach to Mass Balancing in Biomethanol and Bio-LNG Supply

The Methanol Institute and SEA-LNG are seeking to arrange an urgent meeting with the European Commission to discuss their concerns.

17 Apr 2024

World Shipping Council Appoints New CEO

The new CEO was previously the body's director of US government relations.

17 Apr 2024

Eastern Pacific Shipping to Register Six New Ammonia-Fuelled Gas Carriers in Singapore

The firm announced memoranda of understanding with the MPA, ABS and Lloyd's Register at a Singapore Maritime Week event on Wednesday.

17 Apr 2024

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

Ship & Bunker's G20-VLSFO Index was little changed at $672.50/mt on Tuesday, after a $0.50/mt gain the previous day.

17 Apr 2024

New Boss Cap Solution Promises 5% Fuel Savings, Lower Cost, Easy Manufacturing

"We are receiving a tremendous amount of industry interest," says Holy Boss Cap inventor and future EcoMarine Innovations CEO, Dr. Batuhan Aktas.

16 Apr 2024

New Thruster and Propulsion Solution Aims to Help Vessel Decarbonization Efforts

New package from Wärtsilä aimed at operators of offshore vessels, ferries, and tugs.

16 Apr 2024

New Green Corridor Planned Between Canada, Japan and South Korea

The North Pacific Green Corridor Consortium (NPGCC) aims to decarbonize the transport of various commodities between North America and Asia.

16 Apr 2024

Oils Dips As Washington Threatens Sanctions And Iran Promises Retaliation

Meanwhile, the U.S.Fed's hawkish stance discourages analysts.

16 Apr 2024

GoodShipping Launches New Carbon Insetting Platform

The Decarb Desk platform includes a digital book-and-claim framework for the company's customers to manage their carbon insetting activities.

16 Apr 2024