World News

Weekly Vessel Scrapping Report 2024: Week 1

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from January 4, 2024 – January 10, 2024.

11 Jan 2024

Oil Down As Crude Inventories Rise, But Analysts Still Expect Market Balance In 2024

Meanwhile, Russia achieves a drilling record.

10 Jan 2024

INSIGHT: The Impact of Red Sea Attacks on Bunker Markets

Robin Meech, Managing Director, Marine and Energy Consulting Limited, sees two main impacts from recent events.

10 Jan 2024

Q&A: Ufuk Erinc, CEO at Turkish Supplier Unerco and 2024 IBIA Board Candidate

Erinc shaes his views on geo-politics, mass-flow meters, over-crowded bunker markets, and what motivated him to run for IBIA Board Membership this year.

10 Jan 2024

IMO Decarbonisation Goals Strengthen Case for Global Adoption of MFMs: TFG Marine

Industry Stakeholders Join TFG Marine in Renewed Call for Global Adoption of Mass Flow Meters for Bunkering

9 Jan 2024

Methanol Bunkers Were The Top Choice in 2023 for Alternatively Fuelled Ship Orders

But conventional oil-based bunkers still the overwhelming choice for new vessel orders.

9 Jan 2024

LNG-Powered Ships Pass 1,000 Vessel Milestone

With 469 LNG-powered ships currently in operation, taking the current order book into account DNV projects that number will hit 1,002 in 2027.

9 Jan 2024

Chevron's New GM for Marine Lubricants to Focus on Sector's Decarbonization Ambitions

"We have a responsibility to support customers into this new era and beyond," says Ayten Yavuz.

9 Jan 2024

Engine X Adds ISSC Biofuel Certification to Business Offer

Online trading platform says tool allows clients to identify 'trustworthy and legitimate sources' for biofuel bunkering.

9 Jan 2024

Israel Seeks Clarification on Cosco Vessel Call Suspension

As tension remains high in Red Sea area.

9 Jan 2024

Saudi Arab Light Price Cuts Cause 3%-Plus Loss For Brent, WTI

Recalcitrant OPEC members are blamed for the Saudis' action.

8 Jan 2024

LR: Critical for Governments to Invest in Bunkering Infrastructure for New Fuels

The availability of these alternative fuels will impact how quickly the industry can progress towards a more sustainable future, says LR's Michele Landro.

8 Jan 2024

Cruise Industry Wants Faster Access to Funding for Sustainable Shipbuilding

CLIA says sustainable shipbuilding will be key to the sectors' energy transition.

8 Jan 2024

IBIA Board Elections Open for 2024

This year nine candidates are vying to fill two vacancies.

8 Jan 2024

Cosco Halts Vessel Calls to Israeli Ports: Report

Move could affect local port operation.

8 Jan 2024

More Tepid Oil Trading As Geopolitical Tensions, Inventory Builds Fail To Impress

Meanwhile, Russia's export figures further muddy supply estimates.

5 Jan 2024

Red Sea: All Signs Point to Escalating Tensions as Shipping Associations Join Call to End Attacks

US Vice Admiral Brad Cooper says there have now been 25 attacks on merchant ships in the area.

5 Jan 2024

Huge U.S. Inventory Build Causes Oil Price Dip, But Upside Potential Looming

Meanwhile, Mexico's new refinery aims to reduce U.S. fuel dependence.

5 Jan 2024

Weekly Vessel Scrapping Report 2023: Weeks 51 & 52

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from December 21 2023 – January 3, 2024.

4 Jan 2024

ClassNK Adds EU-ETS Support to its GHG Emissions Management Tool

BIMCO CII Clause Vessel Monitoring support has also been added to ClassNK ZETA.

4 Jan 2024