World News

BUNKER PRICES: G20-VLSFO Index Advances for Fifth Day

Ship & Bunker's G20-VLSFO Index gained $5/mt to $634/mt on Wednesday, remaining at the highest level since December 6.

21 Dec 2023

CMA CGM to Charge $1,575/TEU Extra for Containers to Red Sea Ports

The firm will charge $1,575/TEU and $2,700/FEU for dry cargo and $3,000 per reefer container and for special equipment.

21 Dec 2023

Oil Ekes Out Diminishing Returns On Red Sea Angst, Bearish Sentiment Prevails

Meanwhile, the U.S. achieves record crude output.

20 Dec 2023

MARKET SURVEY: 2023 Q3 Global Bunker Hub Demand Slipped 1.1% on Year

Ship & Bunker and 2050 Marine Energy's latest global bunker market survey shows a drop in sales in Q3, with further disruption expected at the end of the year.

20 Dec 2023

Malaysia Bans Israel-Linked Ships

Malaysia will not allow port calls by any ships registered in Israel, owned by Israelis or heading to Israeli ports.

20 Dec 2023

Red Sea Taskforce May Take Weeks to Take Effect: Maersk CEO

"It's going to take a few weeks for the taskforce to be fully operational and reopen the safe passage across the Red Sea," Maersk's Vincent Clerc said.

20 Dec 2023

Large Boxships Trapped in Red Sea Head North for Expensive Return Through Suez

Returning north and then voyaging around Africa will end up costing these vessels more than $2 million each in bunker and Suez transit costs, according to Vespucci Maritime's Lars Jensen.

20 Dec 2023

BUNKER PRICES: G20-VLSFO Index Advances to Two-Week High

Ship & Bunker's G20-VLSFO Index jumped to the highest level since December 6 on Tuesday.

20 Dec 2023

Suez Avoidance to Add 40% to Singapore-Rotterdam Bunker and EUA Cost

A host of leading shipping companies have announced they will be refraining from using Suez until further notice because of attacks in the Red Sea.

20 Dec 2023

Oil Rises Again On Red Sea Concerns But Analysts Doubt Full-Blown Rally

Meanwhile, hopes for a brighter 2024 result in huge U.S. production output.

19 Dec 2023

Wallenius Wilhelmsen Reroutes Ships Around Africa After Red Sea Attacks

The company is rerouting all vessels planned for Red Sea traffic to voyage around the Cape of Good Hope in Africa instead.

19 Dec 2023

UK Reports 'Suspicious Approach' Near Red Sea

The vessel was approached by four small boats about 80 nautical miles north-east of Djibouti at about 5:30 AM UTC.

19 Dec 2023

UK Reports New Incident in Red Sea

The UK Maritime Trade Operations agency reported the incident happened about 80 nautical miles north-east of Djibouti on Tuesday morning.

19 Dec 2023

BUNKER PRICES: G20-VLSFO Index Advances for Third Day

Ship & Bunker's G20-VLSFO Index rose to the highest level since December 7 on Monday.

19 Dec 2023

Oil Rises As BP Joins Other In Avoiding Red Sea Transport Route

Meanwhile, banks see gains for crude in 2024 due to high demand.

19 Dec 2023

Container Firm Evergreen Line Halts Shipments to Israel

The company is pausing the shipments with immediate effect.

18 Dec 2023

ANALYSIS: Boxships Avoiding Suez Could Lift Global Bunker Demand 2%

Container lines avoiding using the Suez Canal because of unrest in the Red Sea could boost global bunker demand by as much as 2%, according to a Ship & Bunker analysis.

18 Dec 2023

BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High

Ship & Bunker's G20-VLSFO Index rose to the highest level since December 11 on Friday.

18 Dec 2023

Suez Canal Authority: Traffic is Flowing Normally Despite Red Sea Attacks

The Suez Canal being rendered effectively unusable to large shipping companies would have some significant knock-on effects for the shipping industry and global trade.

18 Dec 2023

INTERVIEW: Industry Stakeholders Struggling to Understand Impact of EU-ETS, says MFA

Executive Officer Anthony Mollet tells Ship & Bunker that biofuels, sanctions, and training are other key areas where the MFA has been helping its membership this year.

18 Dec 2023