World News

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

Oil Incurs Daily And Weekly Losses As Concerns Ease Over War, Rate Hikes

But circumstances could easily change for the worse, experts say.

3 Nov 2023

Singapore's Eastern Pacific Shipping Takes Delivery of First Duel-Fuelled PCTC

The company has now taken delivery of the 7,000 CEU PCTC Lake Herman from the JinLing Shipyard.

3 Nov 2023

Methanol-Fuelled Vessel Orders Outpaced LNG Again in October

DNV data show six ships capable of running on LNG were ordered last month, compared with 14 methanol-fuelled vessels.

3 Nov 2023

BUNKER PRICES: G20-VLSFO Index Declines for First Session in Six

Ship & Bunker's G20-VLSFO Index lost $2.50/mt to $678/mt on Thursday, in its first daily decline since October 25.

3 Nov 2023

Maersk Reports 94% Q3 Profit Slump Amid Container-Market Decline

As part of a cost-cutting drive, the company now intends to lay off 10,000 of its employees worldwide.

3 Nov 2023

Oil Buoyed By Vague Signs That Fed May Be Done With Rate Hikes

Meanwhile, Russia extends production ties with Iraq.

2 Nov 2023

Alfa Laval Sets Up New Electrolyser and Fuel Cell Unit

The new unit will be headed up by Madeleine Gilborne, formerly the company's head of clean technologies and vice president of its energy division, from January 1.

2 Nov 2023

Weekly Vessel Scrapping Report 2023: Week 43

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from October 26 – November 1, 2023.

2 Nov 2023

Bunker Holding Parent Firm USTC Plans Greater Alignment Between Subsidiaries

A new five-year strategy for the firm aims to 'ensure the companies are moving in the same direction'.

2 Nov 2023

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

Ship & Bunker's G20-VLSFO Index reached the highest level since October 23 despite crude futures continuing to decline.

2 Nov 2023

Wärtsilä Sees 41% Methane Emission Reduction on New LNG-Fuelled Engine

The firm has already installed the new version as one of the four engines on board Wasaline's ferry the Aurora Botnia.

1 Nov 2023

New Norsepower Rotor Sail Leasing Deal Eases Up-Front Cash Requirements for Wind Investments

The leasing arrangement will make it easier for shipping firms to install bunker-saving wind power systems without needing to pay up-front.

1 Nov 2023

SPONSORED: Meet the FAST Onboard App, from Chevron [VIDEO]

Vessel perormance management in the palm of your hand. Download the app today for Google and Apple.

1 Nov 2023 · Chevron Marine Products

World Kinect Q3 Marine Profits Slump to Least Since 2021

Disruption at two bunkering locations in Europe and one in the US, as well as a conscious retreat from lower-margin business, has helped drive marine volumes to the lowest level since Q2 2020, the firm's CEO and CFO explain.

1 Nov 2023

VPS: Avoid Expensive, Catastrophic Engine Failures by Chemical Screening of Fuel

Steve Bee of VPS discusses how to avoid fuel contamination causing engine issues with advanced chemical testing.

1 Nov 2023

BUNKER PRICES: G20-VLSFO Index Advances for Second Day

Ship & Bunker's G20-VLSFO Index gained $1.50/mt to $674.50/mt on Tuesday, remaining at the highest level since October 24 despite a drop in crude.

1 Nov 2023

Oil Dips And Headed For Monthly Loss As War, Economy Spook Traders

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

31 Oct 2023

Hin Leong's OK Lim Testifies in Cheating and Forgery Case

Lim faces two charges of cheating lender HSBC, and one of instigating a Hin Leong contracts executive to forge a false record.

31 Oct 2023

Singapore JV Targets Methanol-fuelled Shipping

Stamford Shipping and Green Marine Group join forces to develop newbuid project.

31 Oct 2023