World News

VPS: Using Data to Improve Fuel Procurement and Fuel Efficiency

John Oosthoek and Ruben Hofsli of testing and decarbonisation advisory firm VPS discuss ways of cutting emissions through fuel efficiency.

21 Nov 2023 · John Oosthoek and Ruben Hofsli, VPS

BUNKER PRICES: G20-VLSFO Index Advances for First Day in Four

Ship & Bunker's G20-VLSFO Index saw its first daily advance since November 14 on Monday.

21 Nov 2023

Oil Gains On Expectations of OPEC Cut Extensions

However, analysts think any cuts may have zero impact on market conditions.

20 Nov 2023

Houthis Seize NYK-Chartered Car Carrier Off Yemen

The vessel was detained on the afternoon of November 19.

20 Nov 2023

Klaveness Adds Four More Bunker-Saving Air Lubrication Systems

The firm estimates the systems will save the vessels 5-7% in bunker consumption.

20 Nov 2023

IBIA Joins Forces With ICS to Propose IMO Bunker GHG Intensity Standard

The two organisations have submitted a proposal to the IMO for consideration by a GHG working group in March before the next MEPC meeting.

20 Nov 2023

Petrobras, European Energy Explore Opportunities in E-methanol

MoU between two firms could lead to the setting up of an e-methanol production facilities in Brazil.

20 Nov 2023

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

Ship & Bunker's G20-VLSFO Index reached the lowest level since October 9 on Friday.

20 Nov 2023

Oil Incurs Fourth Straight Weekly Loss As Analytical Forecasts For Market Ahead Clash

Meanwhile, Russia lifts its gasoline export ban.

18 Nov 2023

OPEC+ Coalition Mulls Further Crude Output Cuts as Prices Slump

The OPEC+ group will consider deeper cuts at its next meeting later this month.

17 Nov 2023

LR Report Puts E-Methanol Cost Below Biomethanol Once Production Matures

The company has published a new report on the prospects for methanol as an alternative marine fuel this week.

17 Nov 2023

IBIA Lobbies IMO on Biofuel Bunker Supply

The issue is with how biofuel blends containing more than 24% of their bio component are regulated.

17 Nov 2023

IBIA CONVENTION: Insurers Are Wary of Bunker Industry's Lack of Transparency

Markel's Crystal Dsouza discusses the changes to the bunker industry's compliance procedures that insurers would like to see.

17 Nov 2023

VIEWPOINT: Winds of Change in the Bunker Industry

Chris Morgan, the new head of credit and compliance at marine fuel procurement company Shipergy, discusses the bunker industry's now rapid pace of change.

17 Nov 2023 · Chris Morgan, Shipergy

UK Appoints New Shipping Minister in Cabinet Reshuffle

Byron Davies, or Lord Davies of Gower, took on the new role at the Department for Transport as of November 14.

17 Nov 2023

'Carrot and Stick' Approach Needed on Alternative Bunkers: Monjasa

Monjasa's Anders Østergaard wants to see regulators taking a carrot and stick approach to narrowing the price gap between conventional and alternative marine fuels.

17 Nov 2023

BUNKER PRICES: G20-VLSFO Index Drops to One-Week Low

Ship & Bunker's G20-VLSFO Index reached the lowest level since November 10 on Thursday, and further declines are likely on Friday after a plummet in crude futures.

17 Nov 2023

"Extreme Demand Pessimism" Said To Drive Thursday's Massive Oil Sell-Off

But get set for a huge rally soon, says StanChart.

16 Nov 2023

Weekly Vessel Scrapping Report 2023: Week 45

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from November 9 – November 15, 2023.

16 Nov 2023

Qatar Navigation Hires Bunker Trader in Doha

The new hire previously worked for the Pakistan National Shipping Corporation in Karachi, he tells Ship & Bunker.

16 Nov 2023