World News

INTERVIEW: Opsealog Sees 10-15% Bunker Savings on Table for OSV Operators

Damien Bertin of Opsealog tells Ship & Bunker how software-based fuel efficiency solutions can deliver a 200% return on investment for OSV operators.

8 Feb 2024

VPS Wins Award for Offshore Vessel Fuel Saving Campaign

The firm's summer campaign for its data-driven decarbonisation service, Maress, was given the OSJ Annual Environment Award 2024.

8 Feb 2024

Monjasa Adds Former Maersk Executive to Board of Directors

The new hire previously worked for Maersk for more than 30 years in a variety of roles.

8 Feb 2024

Laskaridis Shipping Takes on Nereus Digital Bunkers Platform

The firm is expected to cut its bunker operations workload by 68% through its use of the platform.

8 Feb 2024

Maersk Reports 87% Profit Slump for 2023

The firm saw $3.908 billion in profit in 2023, down from $29.321 billion the previous year and the least since 2020.

8 Feb 2024

BUNKER PRICES: G20-VLSFO Index Advances for First Session in Five

Ship & Bunker's G20-VLSFO Index gained $3/mt to $648/mt on Wednesday, reaching the highest level since February 2.

8 Feb 2024

Three-Day Rise In Oil Prices Proves No Escape For Range-Bound Status

Meanwhile, the latest U.S. stock draw turns out much larger than anticipated.

7 Feb 2024

EU's 2040 Climate Target 'Provides Long-Term Investment Security': Bunker Holding

The target, which includes shipping, was set in the European Commission's recommendations for the EU's climate law on Tuesday.

7 Feb 2024

Liberia Backs Onboard Carbon Capture Systems for Decarbonisation

The Liberian IMO delegation have put forward a document providing a case study analysing the performance of a carbon capture system on board a container ship.

7 Feb 2024

Red Sea Diversions Cut Idle Boxship Fleet to 19-Month Low

The idle fleet dropped to 226,051 TEU of capacity across 89 ships in the past two weeks.

7 Feb 2024

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

Ship & Bunker's G20-VLSFO Index dropped to the lowest level since January 24. on Tuesday.

7 Feb 2024

European Commission Recommends 90% Reduction in Shipping GHG Emissions by 2040

The target, which includes shipping, was set in the European Commission's recommendations for the EU's climate law on Tuesday.

6 Feb 2024

UK Reports New Ship Attack Off Yemen

A projectile was fired at a ship 57 nautical miles west of Al Hudaydah in the Red Sea at about 00:50 AM UTC on Tuesday.

6 Feb 2024

Geopolitical Tensions No Match For Oversupply Despite Modest Oil Price Uptick

But Occidental argues that the world faces an impending crude shortage.

5 Feb 2024

Victoria Steamship Company to Assist Development of Anemoi Rotor Sail

The company will help to develop and test a 3.5*24.5 m rotor sail from Anemoi.

5 Feb 2024

Oldendorff Bulker to Take on Norsepower Rotor Sails

The bulker Dietrich Oldendorff will be equipped with three 24*4 m Norsepower rotor sails by the middle of this year.

5 Feb 2024

Evergreen Containers to go on X-Press' Green Methanol Ships

Two firms will work towards green methanol feeder network in Europe.

5 Feb 2024

BUNKER PRICES: G20-VLSFO Index Slips to One-Week Low

Ship & Bunker's G20-VLSFO Index fell to the lowest level since January 26 on Friday.

5 Feb 2024

CMA CGM Halts Red Sea Transits After Houthi Attacks: Report

Last week's Houthi attacks included the targeting of a convoy containing ships operated by CMA CGM.

5 Feb 2024

Bunker Holding Hires Chief Information Security Officer

The new hire was previously team lead for cyber and information security at GF Forsikring from October 2021 to this month.

5 Feb 2024