World News

Weekly Vessel Scrapping Report 2023: Week 23

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from June 8 – June 14, 2023.

15 Jun 2023

SEA-LNG Argues LNG Far Cheaper Than Ammonia or Methanol

The organisation has published new research on its website this week looking at the costs of various alternative fuels forecasted out to 2050..

15 Jun 2023

MSC Cruises to Take on Synthetic LNG From Gasum

The two firms have signed a letter of intent envisaging Gasum producing synthetic LNG for MSC.

15 Jun 2023

LNG Bunker Supporters Criticise Maersk's Approach to First Methanol Voyage

LNG bunkering advocates have questioned Maersk's approach in procuring green methanol for its first voyage using the alternative fuel.

15 Jun 2023

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

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $9.50/mt to $594.50/mt on Wednesday, reaching the highest level since June 8.

15 Jun 2023

Oil Rally Dashed By Fed Fears And Despite Optimistic IEA Outlook

Also, a U.S. stock build was explained as entirely predictable.

14 Jun 2023

Little Growth Seen in Boxship Scrubber Installations in Next Two Years: Report

By the end of May 967 container ships had scrubbers fitted, representing 32.8% of the fleet by capacity.

14 Jun 2023

BUNKER JOBS: Peninsula Seeks Contract Management Analyst in Las Palmas

The company is looking for candidates with fluent English and a high level of commercial acumen.

14 Jun 2023

BUNKER PRICES: G20-VLSFO Index Slips for Third Day

Ship & Bunker's G20-VLSFO Index declined for a third consecutive session on Tuesday.

14 Jun 2023

International Windship Association Launches Survey on Technology Uptake

The organisation has developed different surveys for policy makers or regulators, shipping industry stakeholders and ship charterers.

13 Jun 2023

VLCC and LNG Carrier Wind Power Project Wins Bureau Veritas Approval

The company has awarded its approval in principle to the joint development project from Hyundai Heavy Industries, Hyundai Global Service, TotalEnergies and MOL.

13 Jun 2023

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

Ship & Bunker's G20-VLSFO Index reached the lowest level since June 2 on Monday as crude futures sank.

13 Jun 2023

Goldman Projection Cuts Send Oil Prices Plummeting Ahead Of Fed Meeting

Meanwhile, the Saudis express their desire to court China.

12 Jun 2023

Maritime Lawyer Sees Increased Use of US Law for Vessel Arrests

Bunker traders are best advised to specify US law in their contracts to give them the best chance of recovery in the event of unpaid bills, Steve Simms of Simms Showers LLP tells Ship & Bunker.

12 Jun 2023

IMO: Calls for Shipping Carbon Tax Getting Louder

Ahead of IMO environment committee meeting in July.

12 Jun 2023

Maersk Sets Out Role of New Energy Transition Unit

The role of CEO of Maersk Oil Trading, previously held by Mikkel Kannegaard, has been discontinued, and Kannegaard is now part of the energy transition leadership team, a company spokesman tells Ship & Bunker.

12 Jun 2023

BUNKER PRICES: G20-VLSFO Index Slips for First Session in Three

Ship & Bunker's G20-VLSFO Index reaching the lowest level since June 6 on Friday.

12 Jun 2023

Headway Showcases Low-Carbon Solutions for Marine Shipping

A unique low-carbon themed seminar was held at Headway's exhibition booth at Nor-Shipping.

12 Jun 2023 · Headway Technology Group

Oil Down as Analytical Focus Shifts to Fed Meeting

Meanwhile, the Saudi output cuts are viewed as a trading disappointment.

9 Jun 2023

Maersk Oil Trading to Be Merged Into New Business Unit: Report

The firm, which is responsible for almost 5% of global bunker demand, will become part of a new climate unit at Maersk.

9 Jun 2023