World News

Oil Heads for Monthly Loss on Returned Hostages and Potential OPEC Compromise

Prices for two benchmarks are down considerably since September.

24 Nov 2023

Danelec Moves Into Vessel Optimisation With Nautilus Labs Platform Acquisition

The firm has signed a deal to acquire the Nautilus Labs technology platform.

24 Nov 2023

Blue Visby Ocean Passage Optimisation Solution Wins ClassNK Approval

The service can reduce emissions by up to 15% by optimising ocean passage to eliminate the 'sail fast, then wait' problem that leaves vessels consuming bunkers while waiting unnecessarily at ports.

24 Nov 2023

Singapore's ONE Tries Out Containerised Wind Propulsion Technology

The onboard trial of the systems will run for about six months from January 2024, and each of the two systems can save up to 5% in bunker consumption.

24 Nov 2023

BUNKER PRICES: G20-VLSFO Index Slips for Second Day

Ship & Bunker's G20-VLSFO Index lost $3.50/mt to $670/mt on Thursday, reaching the lowest level since November 20.

24 Nov 2023

Oil Extends Losses Despite Suggestion That OPEC Angst Is Overdone

Bearish sentiment was also stoked by mixed report on euro zone business activity.

23 Nov 2023

Weekly Vessel Scrapping Report 2023: Week 46

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from November 16 – November 22, 2023.

23 Nov 2023

Stolt Tankers Mulls Methanol Retrofits for Six New Vessels

The six tankers are suitable for both methanol and battery power retrofits, a company representative tells Ship & Bunker.

23 Nov 2023

Methanol-Fuelled Ships Are Getting More Expensive

Adding methanol propulsion to a new boxship order can now add 20% to the price.

23 Nov 2023

Wärtsilä to Carry Out Propulsion Efficiency Retrofits on Ten Hafnia Tankers

The retrofits are expected to cut fuel consumption and emissions in all operating conditions.

23 Nov 2023

BUNKER PRICES: G20-VLSFO Index Slips for First Session in Three

Ship & Bunker's G20-VLSFO Index lost $1/mt to $673.50/mt on Wednesday, in its first daily decline since November 17.

23 Nov 2023

OPEC Delay Triggers Analytical Concern As Oil Heads Lower

Meanwhile, U.S. and Venezuela report rising output.

22 Nov 2023

Singapore Partners Angolan Port on Digital Operations Pilot

Project part of IMO's strategy to use digitalisation to improve port efficiency.

22 Nov 2023

CMES Orders World's First Methanol-Fuelled VLCC

The ship is due for delivery by April 2026.

22 Nov 2023

Bunker Holding Appoints New CIO

The firm's vision for its IT operations includes 'building customer-focused solutions'.

22 Nov 2023

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

Ship & Bunker's G20-VLSFO Index reached the highest level since November 14 on Tuesday after another gain in crude futures.

22 Nov 2023

Oil Mixed As Expected OPEC Output Cuts Receive Increased Scrutiny

The IEA predicts the market will be in surplus next year.

21 Nov 2023

J Lauritzen Orders Three Methanol-Fuelled Bulkers

The ships will be chartered to Cargill for at least seven years from delivery.

21 Nov 2023

Ships Divert Following Red Sea Hijacking

Reflect increased risks for shipping in region.

21 Nov 2023

Vopak, IHI Eye Ammonia Storage Development in Japan

Agreement between firms leaves scope for development elsewhere.

21 Nov 2023