World News

Oil Extends Gains On Supply Worries, Supported By IEA Forecast

Meanwhile, Russia admits the Ukraine drone strikes are impacting exports.

14 Mar 2024

17 Countries Back Adding $150/MT Carbon Levy to Bunker Sales

A $150/mtCO2e levy would add about $467/mt to the price of VLSFO.

14 Mar 2024

Featured: Platts Carbon Emissions Charges Aid EU Container Shippers with Independent Cost Benchmark Transparency

In the container markets, liner companies began publishing what are known as emissions surcharges beginning in September 2023.

14 Mar 2024

Weekly Vessel Scrapping Report 2024: Week 10

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from March 7 – March 13, 2024.

14 Mar 2024

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

Ship & Bunker's G20-VLSFO Index rose by $1/mt to $657.50/mt on Wednesday, paring the previous session's $1.50/mt fall.

14 Mar 2024

Shell Lowers Carbon Emission Reduction Ambitions

The firm published a revised energy transition on Wednesday, setting a target of a 15-20% reduction in the net carbon intensity of its energy products from 2016's levels by 2030.

14 Mar 2024

Hapag-Lloyd Renews CEO's Contract for Five More Years

The company's board has extended Rolf Habben Jansen's term as CEO to March 31, 2029.

14 Mar 2024

Vitol Signs Maldives Bunkering Partnership Deal

The State Trading Organisation of the Maldives signed a deal with Vitol this week to establish an international bunkering hub in Ihavandhippolhu Atoll.

14 Mar 2024

Oil Breaks Rangebound Confines On Huge, If Fleeting, U.S. Stock Draws

A host of analysts now think market tightness will dominate 2024.

13 Mar 2024

New York to Require Cruise Ships to Use Shore Power Connections

Cruise ships will be required to use shore power connections where the facilities are available and it is safe and practicable to do so.

13 Mar 2024

INSIGHT: Unsung Heroes - The Credit Manager

Shipergy CEO Daniel Rose discusses the underappreciated role of credit managers in the bunker market.

13 Mar 2024 · Daniel Rose, Shipergy

MOL Works With Mining Firm Rio Tinto on Maritime Decarbonisation

The two firms have signed a partnership agreement setting out plans to cooperate in areas including alternative shipping fuels.

13 Mar 2024

BUNKER PRICES: G20-VLSFO Index Drops for Third Session

Ship & Bunker's G20-VLSFO Index sank to the lowest level since February 26 on Tuesday.

13 Mar 2024

OPEC Bullish On Demand Outlook, But Prices Remain Range Bound

Meanwhile, the latest drone strike could influence trading moving forward.

12 Mar 2024

OceanScore Sees Red Sea Diversions Tripling EU-ETS Compliance Costs

Based on a 14,000 TEU boxship, the firm sees EUA costs rising from €98,000 to €285,000 per voyage this year, or €18 per TEU.

12 Mar 2024

VPS: Cold Flow Characteristics of Biodiesel Blended Petroleum Distillates

Dr Sunil Jumar of VPS discusses the cold flow properties of biodiesel bunker blends.

12 Mar 2024

Tanker Operator Opts for Wind Power

Union Maritime to install BAR Technologies rigid sails on two newbuilds.

12 Mar 2024

UK Reports Ship Boarding Off Somalia

The incident happened 600 nautical miles east of Mogadishu at about 8:10 AM UTC on Tuesday.

12 Mar 2024

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

Ship & Bunker's G20-VLSFO Index fell to the lowest level since February 27 on Monday.

12 Mar 2024

New Name for Burando Maritime Services After Acquisition

The firm is now operating under the name Burando Atlantic Group.

12 Mar 2024