World News

MEPC80: Bunker Holding Backs IMO GHG Deal as 'Step in Right Direction'

"Bunker Holding Group is well-prepared to follow this path," CEO Keld Demant tells Ship & Bunker.

7 Jul 2023

KPI OceanConnect to Apply Blockchain Technology to Bunker Carbon Offset Trading

The company is set to collaborate with accounting firm Deloitte and blockchain-based payments institution ZTLment on the project.

7 Jul 2023

MEPC80: IMO Sets Shipping on Course for Net-Zero GHG Emissions 'By or Around 2050'

The strategy sets a level of ambition of GHG emissions from shipping peaking as soon as possible and reaching net-zero 'by or around 2050, taking into account different national circumstances'.

7 Jul 2023

BUNKER PRICES: VLSFO and MGO Prices Diverge

Bunker fuel prices saw an unusual divergence on Thursday, with VLSFO prices mostly declining while MGO prices advanced.

7 Jul 2023

Economic Fears Cripple Oil Trading, But Saudis Express Market Confidence

Meanwhile, conflicting views are expressed regarding impending output cutbacks.

6 Jul 2023

Up to 60 Methanol Propulsion Boxship Retrofits on the Way: MAN

MAN PrimeServ has signed a deal with Seaspan Corporation in collaboration with Hapag-Lloyd to convert 15 boxships to methanol propulsion, with the option of 45 additional vessels.

6 Jul 2023

Weekly Vessel Scrapping Report 2023: Week 26

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from June 29 – July 5, 2023.

6 Jul 2023

Balearia Returns to 100% LNG Bunker Use on Dual-Fuelled Ferries

The firm has raised its LNG bunker use to 100% on its ten dual-fuelled ferries in recent weeks.

6 Jul 2023

MEPC80: Discussions Continue in IMO GHG Working Group

The working group has been discussing GHG strategy since Monday, and was working into Wednesday evening.

6 Jul 2023

Ørsted Orders Second Methanol-Fuelled Offshore Service Vessel

The ship is due for delivery in 2026, and follows the order of a similar methanol-fuelled vessel last year.

6 Jul 2023

MOL Sets Out Detailed Roadmap to 2050 Net Zero Emissions

The firm aims for at least 5% of its bunker volumes to be zero-emission fuels by 2030.

6 Jul 2023

BUNKER PRICES: G20-VLSFO Index Rallies

Ship & Bunker's G20-VLSFO Index rose by $1/mt to $593/mt on Wednesday, having reached the lowest level since June 28 the previous day.

6 Jul 2023

Oil Prices Ramp Up, But Analysts Warn Of Bearish Trading Ahead

Economic fears continue to dominate investment strategies.

5 Jul 2023

Newbuild Boxship Deliveries Hit Record Level in June

A total of 285,000 TEU of boxship capacity joined the global fleet last month.

5 Jul 2023

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

Ship & Bunker's G20-VLSFO Index reached the lowest level since June 28 on Tuesday.

5 Jul 2023

Baseblue Wins ISCC EU Certification for Biofuel Bunker Supply

The company has achieved the ISCC EU certification for its biofuel bunker supply activities.

5 Jul 2023

General Cargo Vessel Takes on World's Largest Suction Sails

Wind-assisted propulsion firm Bound4Blue has installed two of its eSails on board Amasmus's general cargo vessel the Eems Traveller.

4 Jul 2023

Volvo Takes on Maersk Biofuel Service for Container Shipments

The firm is using the Maersk ECO Delivery Ocean service for almost 15,000 container shipments.

4 Jul 2023

Methanol Retains Lead Over LNG in June's Alternative Fuel Ship Orders

A total of 26 LNG-fuelled ships and 29-methanol-fuelled ones were ordered in June.

4 Jul 2023

WinGD CEO to Leave Company

Dominik Schneiter has been appointed acting CEO as of July 1.

4 Jul 2023