World News

IBIA CONVENTION: Cockett CEO - 'The Most Important Decade for Maritime Decarbonisation Is This One'

Cockett Group CEO Cem Saral discusses the challenges faced in holding shipping to its decarbonisation targets in the short term.

9 Nov 2023

IBIA CONVENTION: IBIA Chairman Puts MFM Cost at $0.02/MT Over Barge Lifetime

Fratelli Cosulich saw an immediate advantage when Singapore made the use of MFMs mandatory in 2017, Tim Cosulich said at the IBIA Annual Convention.

9 Nov 2023

Wind Propulsion to Play Central Role in Vale's Maritime Decarbonisation Strategy

Brazilian mining giant in 2024 says it will install the world's largest wind propulsion installation on a ship.

9 Nov 2023

StormGeo Launches EU ETS Solution

Solution aims to help shipping companies manage their exposure to the EU Emissions Trading System.

9 Nov 2023

Another Price Plunge For Oil As Bearish Sentiment Over Near-Term Demand Deepens

Meanwhile, more Venezuelan oil causes Barclays to downgrade its Brent estimates.

8 Nov 2023

IBIA CONVENTION: We Need to Hear the Voice of Buyers More, Says IBIA Chairman

"To be the voice of the industry, we need to be able to hear the voices of the components of the industry", says IBIA Chairman Tim Cosulich.

8 Nov 2023

IBIA CONVENTION: IBIA Chairman Pays Tribute to Predecessor Antonio Cosulich

Antonio Cosulich was IBIA's second chairman, serving in the role from May 1996 to October 1998.

8 Nov 2023

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

Ship & Bunker's G20-VLSFO Index reached the lowest level since October 30 on Tuesday as crude futures slumped.

8 Nov 2023

Oil Plummets On China Data Despite OPEC's Bullish Stance On Economy

Meanwhile, Saudi Aramco reports a steep profit drop.

7 Nov 2023

OCI Posts Loss in 3Q Results

Sees improving methanol market fundamentals ahead boosted by marine demand.

7 Nov 2023

Climate Science Giants Clash on Whether New Data Shows IMO 2020 has Contributed to Global Warming

Findings in a new study led by James Hansen have been disputed by Dr. Michael E. Mann.

7 Nov 2023

Peninsula Makes First LNG Bunker Delivery at Gibraltar

Peninsula bunkered Royal Caribbean's cruise ship the Silver Nova with LNG at Gibraltar on November 4, in its first operation after being awarded an LNG supply licence there last month.

7 Nov 2023

Shipping Firm Østensjø Rederi to Offer Carbon Offsets Related to Biofuel Use

The firm has loaded 50,000 litres of HVO on board its tug the Vivax, and will offer the emission savings from using this fuel to customers using the services of any vessel in its fleet.

7 Nov 2023

Classification Society RINA Appoints New CEO Ahead of Planned Flotation

The company plans to make its stock market debut within the next three to five years.

7 Nov 2023

FEATURE: 12 Years of an Alleged Scam Targeting the Bunker Industry

A single individual is alleged to have been scamming bunker industry participants for at least 12 years, a Ship & Bunker investigation reveals.

7 Nov 2023

Wartsila to Sell Gas Shipping Solutions Unit, Reorganizes Marine Business

Unit includes the Wärtsilä MethanolPac and LNGPac fuel supply systems for methanol and LNG-fuelled ships respectively.

7 Nov 2023

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

Ship & Bunker's G20-VLSFO Index reached the lowest level since October 31 on Monday.

7 Nov 2023

Oil Gains On Saudi/Russia Cutback Pledge

Meanwhile, Russian crude exports to India decline.

6 Nov 2023

Maersk Heads for Seven-Year Low in Bunker Consumption as Fuel Efficiency Improves

Maersk is heading for total bunker consumption this year of 9.767 million mt, down by 7.7% from 2022 and the lowest annual total since 2016.

6 Nov 2023

BUNKER PRICES: G20-VLSFO Index Advances Despite Drop in Crude

Ship & Bunker's G20-VLSFO Index gained $0.50/mt to $678.50/mt on Friday, having lost $2.50/mt the previous day.

6 Nov 2023