World News

CMA CGM Plans 'Gradual Increase' in Use of Suez Canal Despite Red Sea Attacks

The firm is currently developing a plan for the change, following AP Moller-Maersk's announcement on Sunday that it would resume Red Sea voyages.

27 Dec 2023

Oil Posts Big Post-Christmas Rise But Still On Course For Yearly Loss

Meanwhile, Red Sea shipping concerns may be abating.

27 Dec 2023

Two Explosions Reported From Drone Attacks in Red Sea

Two drones were spotted at about 3:05 AM UTC on Tuesday about 50 nautical miles west of Al Hudaydah in Yemen, and two explosions followed about 15 minutes later.

26 Dec 2023

Hapag-Lloyd to Decide on Wednesday Whether to Resume Red Sea Voyages

Hapag-Lloyd will decide on Wednesday whether to follow Maersk in resuming voyages in the Red Sea.

26 Dec 2023

Maersk Prepares to Resume Voyages Through Red Sea

The company expects to announce a plan to resume the voyages 'in the coming days', it said on Sunday, while noting this decision may be reversed if the risk level rises again.

24 Dec 2023

Yemen's Houthis Claim US Missile Nearly Hit Tanker From Russia in Red Sea

The missile came from a US battleship targeting Yemen's naval forces, according to a Houthi representative.

24 Dec 2023

Drone Attack on Tanker in Indian Ocean Was Launched From Iran: Pentagon

Saturday's attack came from a one-way drone launched from Iran, according to the US, in an apparent escalation in the threat to commercial shipping across the Middle East.

24 Dec 2023

UK Reports New Ship Attack in Red Sea

The incident happened at about 4:30 PM UTC on Saturday about 45 nautical miles south-west of Saleef in Yemen.

23 Dec 2023

Iran 'Deeply Involved' in Arranging Red Sea Ship Attacks: White House

Iranian intelligence was used to help Yemen's Houthi movement to coordinate the attacks, according to the US government.

22 Dec 2023

Fratelli Cosulich Completes First EUA Deal

The firm announced its first EUA deal in a LinkedIn post on Friday, having announced in late November that it had set up a trading account to deal in the allowances.

22 Dec 2023

Red Sea Fears Dominate, Oil Headed For Yearly Loss

Meanwhile, analysts debate Angola OPEC withdrawal.

22 Dec 2023

UK Reports New Incident Off Somalia

The incident happened at 12:22 PM UTC, the UK Maritime Trade Operations agency said in a social media post on Friday, without providing further details.

22 Dec 2023

No Change in Plans on Cockett Stake Sale: Grindrod

Grindrod's strategy remains 'to exit this investment responsibly' and the firm is in discussions with Vitol on how to achieve that, a company representative tells Ship & Bunker.

22 Dec 2023

Two Singaporeans Charged Over Alleged Gasoil Exports to North Korea

A total of 12,260 mt of gasoil was allegedly supplied.

22 Dec 2023

BUNKER PRICES: G20-VLSFO Index on Longest Winning Streak Since August

Global average VLSFO prices rose for a sixth consecutive session on Thursday in their longest rising streak since August.

22 Dec 2023

Angola Halts Oil's Winning Streak, Reduces OPEC Membership to 12

Meanwhile, Harbour Energy acquires Wintershall's assets for $11 billion.

21 Dec 2023

Weekly Vessel Scrapping Report 2023: Week 50

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from December 14 – December 20, 2023.

21 Dec 2023

Angola Leaves OPEC

Angola has been an OPEC member since 2007, and produces about 1.1 million b/d of crude.

21 Dec 2023

MSC Adds $500/TEU Surcharge to Europe-Asia Container Shipments

The firm plans to charge an extra $500/TEU, $1,000/FEU and $1,500 per reefer container for European exports to the Far East and Middle East.

21 Dec 2023

Bunker Holding Sees Rising African Demand Following Red Sea Diversions

Global Risk Management reported the trend of rising African demand -- while ARA and Asia are less affected -- following a meeting with sister company Bunker Holding.

21 Dec 2023