World News

Hapag-Lloyd Offers Customers Biofuel Bunker GHG Offsets

The container line's Ship Green solution will allow Hapag-Lloyd customers the option of offsetting 100%, 50% or 25% of their shipment's ocean-leg CO2 equivalent emissions.

11 May 2023

Hapag-Lloyd Increases HSFO Use as Overall Bunker Consumption Slips

The firm's total bunker consumption was 1.03 million mt in the first three months of 2023, down by 2.8% on the year.

11 May 2023

BUNKER PRICES: G20-VLSFO Index Advances for Fourth Session

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $0.50/mt to $587/mt on Wednesday, remaining at the highest level since May 2.

11 May 2023

Shipbroker Simpson Spence Young Hires Global Head of Research

Roar Adland has joined the firm as global head of research in London as of this month.

11 May 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 $3.50/mt to $586.50/mt on Tuesday, reaching the highest level since May 2.

10 May 2023

Oil Ekes Out Minimal Gains Amid Gloomy Market News

Meanwhile, Russia's seaborne exports rise to record levels.

9 May 2023

BUNKER PRICES: G20-VLSFO Index Advances for Second Day

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $9/mt to $574/mt on Monday, reaching the highest level since May 3.

9 May 2023

Bunker Holding to Give Traders Days Off to See Grandchildren

The firm's new worldwide senior policy, in place as of this month, grants its staff with grandchildren up to six extra days off per year to spend time with them.

9 May 2023

Monjasa Recovers Kidnapped Bunker Tanker Crew in West Africa

The Monjasa Reformer has already resumed commercial operations in West Africa following its hijacking in March, a Monjasa spokesman tells Ship & Bunker.

8 May 2023

BUNKER PRICES: G20-VLSFO Index Rises for First Day in Three

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports rose by $2/mt to $574/mt on Friday, paring its weekly loss to $26/mt.

8 May 2023

HJ Shipbuilding Develops LNG Bunker Barge

The firm has received approval in principle for the vessel's design from Lloyd's Register.

8 May 2023

Boxship Average Speeds Could Drop by 10% by 2025: BIMCO

Average boxship sailing speeds were 13.8 knots in the first quarter, down by 4% on the year, and could lose a further 10% by 2025, according to BIMCO.

8 May 2023

Odfjell Meets 2030 Carbon Target Seven Years Early

The firm had set itself a target of reducing the carbon intensity of its fleet by 50% from 2008's levels by 2030.

5 May 2023

Hapag-Lloyd Hires Director of Green Fuels From Maersk

Ilyas Muhammad is set to join the firm as director of green fuels in Europe on June 1, a company representative tells Ship & Bunker.

5 May 2023

BUNKER PRICES: G20-VLSFO Index Drops to 20-Month Low

Ship & Bunker's G20-VLSFO Index reached the lowest level since September 23, 2021 on Thursday.

5 May 2023

Oil Ends Mixed, But Analysts Worried By Huge Early WTI Trading Drop

Still, mild bank interest rate hikes were enough to stop a price loss bloodbath.

4 May 2023

Weekly Vessel Scrapping Report 2023: Week 17

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 27 – May 3, 2023.

4 May 2023

Svend Stenberg Mølholt Steps Down as Monjasa COO

Mølholt will step down as Monjasa's COO on May 31, a company representative tells Ship & Bunker.

4 May 2023

BUNKER PRICES: VLSFO Global Average Drops to Pre-War Level

Ship & Bunker's G20-VLSFO Index reached the lowest level since December 2021 yesterday.

4 May 2023

Maersk's Q1 Earnings Slump as Container Market Cools

Q1 EBITDA slumped by 56.3% on the year.

4 May 2023