World News

Hong Kong's OOCL Halts Shipments to Israel

The firm is stopping the shipments 'due to operational issues'.

17 Dec 2023

Oil Trading Follows Conflicting Sentiment On Demand, Prices Decline

However, the commodity achieves its first weekly gain in two months.

15 Dec 2023

World Shipping Council Calls for 'Decisive Action' in Response to Red Sea Attacks

"The time for resolute international engagement is now," the organisation said on Friday following the latest attacks.

15 Dec 2023

Maersk, Hapag-Lloyd Halt All Container Shipments Through Red Sea After Attacks

Maersk will send vessels on the longer route around Africa rather than traversing the Red Sea.

15 Dec 2023

US to Announce Multinational Red Sea Task Force on Friday: Report

The US is expected to announce a special upgraded multinational task force to operate in the Red Sea on Friday.

15 Dec 2023

Bulgarian Cargo Ship Hijacked in Arabian Sea

A fishing vessel in the vicinity of the bulker turned off its AIS transponder shortly before the incident.

15 Dec 2023

BUNKER PRICES: G20-VLSFO Index Advances for First Session in 10

Ship & Bunker's G20-VLSFO Index gained $2/mt to $611/mt on Thursday, in its first daily advance since November 30.

15 Dec 2023

Methanol- and Wind-Powered Bulker Design Wins LR Approval

The design includes the capability both to include methanol propulsion and a rotor sail system.

14 Dec 2023

GeoServe to Work on ExxonMobil Fleet Optimisation

Exxon will use GeoServe's SaaS-based platform GeoPerform to improve the fuel efficiency and reduce the emissions of its fleet.

14 Dec 2023

Weekly Vessel Scrapping Report 2023: Week 49

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from December 7 – December 13, 2023.

14 Dec 2023

Molgas Takes 45% Stake in LNG Bunker Supplier Titan

Small-scale LNG firm Molgas took the stake, with support from infrastructure fund investor InfraVia Capital Partners.

14 Dec 2023

Israel Calls for International Action to Protect Commercial Shipping in Red Sea

The Houthis have 'crossed a line' in recent actions against shipping in the Red Sea, Israeli President Isaac Herzog said on Wednesday.

14 Dec 2023

BUNKER PRICES: G20-VLSFO Index Drops to Five-Month Low

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

14 Dec 2023

Ship & Bunker, MMSA Begin Publication of Methanol Bunker Price Indications

For the four major bunkering hubs of Singapore, Rotterdam, Houston, and Fujairah.

14 Dec 2023

Autonomous Shortsea Vessel Could be on Water by 2025

As Belgian originator Zulu Associates says vessel design is a challenge to traditional notions of shortsea shipping.

13 Dec 2023

Missiles Fired From Yemen at Tanker Near Baab al-Mandab

The tanker was travelling north towards Suez in the Red Sea, having come from India.

13 Dec 2023

BUNKER PRICES: G20-VLSFO Index on Longest Losing Streak Since February

Ship & Bunker's G20-VLSFO Index sank to the lowest level since July 25 on Tuesday.

13 Dec 2023

COP28 Agrees to 'Transition Away' From Fossil Fuels

After disputes earlier this week, the final document agrees to take actions 'transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner'.

13 Dec 2023

COP28 Struggles to Phase Out Fossil Fuels

A draft proposal released on Monday saw the absence of language around the phasing-out of fossil fuels, suggesting they should instead just be reduced.

12 Dec 2023

BUNKER PRICES: G20-VLSFO Index on Longest Losing Streak Since April

Ship & Bunker's G20-VLSFO Index lost $1/mt to $620.50/mt on Monday, remaining at the lowest level since July 26.

12 Dec 2023