World News

Oil Rises As Traders Reconsider Demand and Rate Cuts

Meanwhile, the Saudis increase crude prices to Asia.

6 Mar 2024

Over 500 LNG Fuelled Ships Now in Operation

February was "another strong month" in the alternative bunker fuel space, says Martin Christian Wold, Principal Consultant at DNV.

6 Mar 2024

FOBAS Bulletin: Information About the Flashpoint of Fuels on Bunker Delivery Note

From 1st May 2024, BDN should state a specific flashpoint value of the fuel if flashpoint is below 70oC.

6 Mar 2024

BUNKER PRICES: G20-VLSFO Index Declines for First Session in Six

Ship & Bunker's G20-VLSFO Index lost $0.50/mt to $666/mt on Tuesday, paring the previous day's $4.50/mt advance.

6 Mar 2024

Nike Signs Biofuel Bunker Deal With CMA CGM

Under the deal CMA CGM will use biofuels for 36% of Nike's shipments with the company from July to May of next year.

6 Mar 2024

Oil Dips Again As Concerns Shift To Questionable Pledges From China

Meanwhile, growth in U.S. inventories is anticipated.

5 Mar 2024

Fratelli Cosulich Takes Delivery of Second LNG Bunker Delivery Vessel

The firm held a naming ceremony for the Paolina Cosulich last week.

5 Mar 2024

Höegh Autoliners Secures $14 Million Funding Towards Ammonia-Fuelled PCTCs

The firm currently has 12 Aurora-class LNG-fuelled PCTCs on order, with an ammonia-ready notation, and plans to convert them to use ammonia if it can be made economically feasible.

5 Mar 2024

Berge Bulk Orders Two Ammonia-Fuelled Dry Bulk Carriers

The company has ordered the two dual-fuelled 210,000 DWT vessels from Qingdao Beihai Shipbuilding Heavy Industry in China.

5 Mar 2024

Singapore: Shell, Saudi Aramco in Frame to Buy Pavillion Energy Assets

Sale could be completed in a matter of weeks.

5 Mar 2024

Wallenius Wilhelmsen Orders Four Methanol-Fuelled PCTC Vessels

The 9,300 CEU dual-fuelled vessels are due for delivery between May and November of 2027.

5 Mar 2024

BUNKER PRICES: G20-VLSFO Index Jumps to Three-Month High

Ship & Bunker's G20-VLSFO Index climbed to the highest level since November 23 on Monday.

5 Mar 2024

Oil Down As Demand Fears Stoked By OPEC Cut Extensions

But one analyst thinks the market is still focused on the Israel/Hamas conflict.

4 Mar 2024

Trafigura to Acquire Greenergy's European Business

Trafigura will acquire the business from Brookfield Asset Management and Brookfield Business Partners for an undisclosed sum.

4 Mar 2024

OPEC+ Members to Extend Voluntary Crude Output Cuts Into Second Quarter

The voluntary cuts by various OPEC+ members add up to a total of 2.2 million b/d.

4 Mar 2024

Bulker Rubymar Sinks in Red Sea After Houthi Attack

The Belize-flagged Rubymar sank on Saturday after taking on water for several days.

2 Mar 2024

Don't Expect a Return to €100 EUAs Any Time Soon: LSEG

While the EUA market is currently looking depressed, a mass purchase by shipping companies next year could still prompt a spike, LSEG's Paula VanLaningham tells Ship & Bunker.

1 Mar 2024

BUNKER PRICES: G20-VLSFO Index Holds Steady

Ship & Bunker's G20-VLSFO Index was little changed at $662/mt on Thursday, remaining at the highest level since February 23.

1 Mar 2024

VIDEO: Sotiris Meklis on the year ahead for Chevron Marine Lubricants

Matthew Kenney is joined by Sotiris Meklis, Regional Manager, Chevron Marine Lubricants, to look at the year ahead.

1 Mar 2024 · Chevron Marine Products

Demand Fears, OPEC Increasing Output Cause Oil Prices To Decline

Meanwhile, a global oil demand forecast for 2024 is revised downward.

29 Feb 2024