World News

Oil Extends Losses As Concerns Ease About Hamas Conflict Causing Supply Shortages

Meanwhile, the U.S. reports a huge crude inventory build.

11 Oct 2023

S&B MARKET SURVEY: Global Bunker Hub Demand Gained 4.9% on Year in Q2

On the surface, Q2 2023 seems to show fairly positive growth, but this is largely dominated by the notable performance of Singapore and ARA, says 2050 Marine Energy's Adrian Tolson.

11 Oct 2023

Cruise Firm Royal Caribbean Group Investigates Methanol Bunkers

The firm has joined the Methanol Institute with a view to exploring new sustainable energy solutions.

11 Oct 2023

Global Boxship Orderbook Expands to Record High

A total of 7.8 million TEU of boxship capacity is now on order.

11 Oct 2023

Risk to Shipping Raised Amid Growing Israel/Hamas Conflict

Israel ports deemed to carry heightened security risk.

11 Oct 2023

Trafigura Invests in Green Hydrogen Projects in Europe

Company becomes majority owner in firm with downstream supply and distribution projects in pipeline

11 Oct 2023

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

Ship & Bunker's G20-VLSFO Index reached the highest level since October 4 on Tuesday.

11 Oct 2023

Israel/Hamas Conflict Escalates But Traders Reconsider Likelihood Of Supply Disruptions

Meanwhile, analysts bicker over what impact on crude the conflict will have.

10 Oct 2023

Greek Shipowner Opts for Fuel Additives to Reduce Emissions

And fuel costs.

10 Oct 2023

IBIA Polls Bunker Industry on Digitalisation

The survey is open to everyone involved in the industry, not just IBIA members, a representative of the industry body tells Ship & Bunker.

10 Oct 2023

BUNKER PRICES: G20-VLSFO Index Advances for First in Seven Sessions

Ship & Bunker's G20-VLSFO Index rose by $6.50/mt to $654/mt on Monday, in its first daily advance since September 28.

10 Oct 2023

Oil Skyrockets Over 4% Due to Israel/Hamas Conflict

Meanwhile, OPEC warns that trillions of dollars are required to meet long-term demand.

9 Oct 2023

GeoServe Signs Up Aries Bulk for Voyage Management Services

Aries Bulk is the third company for its Geovoy services to be added this year.

9 Oct 2023

Israel's Port of Ashkelon Closed Amid Conflict With Hamas

The Port of Ashkelon in Israel and its oil terminal have been closed following the attacks on the country since the weekend.

9 Oct 2023

TotalEnergies to Charter Two Methanol-Fuelled Chemical Tankers

US lender JP Morgan has advised on the order by institutional investors of two 49,800 DWT dual-fuelled MR chemical tankers from Guangzhou Shipyard International in China.

9 Oct 2023

Delta Energy Sets Out Bunker Volumes Ahead of Coffee Holding Merger

The firm delivered 249,000 mt of marine fuel in 2022, in a total of 1,780 transactions, Delta said in an investor presentation prepared as part of the merger.

9 Oct 2023

Frontline to Buy 24 VLCCs From Euronav

As part of the deal, CMB will acquire Frontline's 26.12% stake in Euronav at $18.43 per share, and Frontline will acquire 24 Euronav VLCCs for $2.35 billion.

9 Oct 2023

BUNKER PRICES: G20-VLSFO Index Slips to Six-Week Low

Ship & Bunker's G20-VLSFO Index reached the lowest level since August 23 on Friday.

9 Oct 2023

Oil Suffers Huge Weekly Loss As Demand Fears Mount

However, bullish economic news continues around the globe.

6 Oct 2023

Demand Worries Prevail as Oil Incurs More Steep Losses

Meanwhile, India blames OPEC for contributing to demand woes.

5 Oct 2023