World News

Oil Surges as OPEC+ Coalition Announces Surprise Output Cuts

On Sunday members of the OPEC+ coalition announced a total of about 1.16 million b/d of further oil output cuts.

3 Apr 2023

Oil Up For The Week But Down For The Month As Concerns Shift To Supply

Meanwhile, Bloomberg warns of a substantial oil market shift.

31 Mar 2023

Norsepower Lands Another Rotor Sail Order

"Interest in the Norsepower Rotor Sail is increasing significantly," says CEO Tuomas Riski.

31 Mar 2023

INTERVIEW: The Marine Fuels Alliance Marks First Year Anniversary

Ship & Bunker recently sat down with MFA Executive Officer, Anthony Mollet, to discuss the journey so far and what lies ahead.

31 Mar 2023

Oil Enjoys Modest Rebound Off The Back Of U.S. Inventory Draws

But unless China's air travel escalates crude won't reach $100 this year.

30 Mar 2023

Weekly Vessel Scrapping Report 2023: Week 12

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from March 23 – March 29, 2023.

30 Mar 2023

Hyundai GLOVIS Sees Key Role for Biofuel Bunkers

As the firm continues to develop "a maritime transportation system tailored to the green supply chains of the future," says Shipping Business Division SVP Tae-Woo KIM.

30 Mar 2023

S&B MARKET SURVEY: Weaker Q4 Prompts 2.1% Global Bunker Hub Demand Drop in 2022

"it is not hard to see the bunker market at peak or close to peak demand – most certainly from a traditional fossil fuel point of view," says 2050 Marine Energy's Adrian Tolson.

30 Mar 2023

Profit-Taking Causes Oil Prices To Dip As Concern Shifts To Supply Tightness

Meanwhile, oil activity is stalling in the U.S.

29 Mar 2023

LNG Bunker Pre-Combustion Carbon Capture System Gets LR Approval

"Our technology introduces a new perspective on fossil fuels," says Rotoboost CEO, Kaisa Nikulainen.

29 Mar 2023

Webinar Invite: Simulating the Maritime Industry's Transition to Zero Emissions

The Maersk Mc-Kinney Moller Center for Zero Carbon Shipping will explain how they are supporting maritime decarbonization by modelling likely transition scenarios towards net-zero emissions for the industry.

29 Mar 2023 · Gurobi Optimization

Singapore, Fujairah Show Ample Fuel oil Supply

On the back of redirected Russian cargo flows.

29 Mar 2023

Efficiency Could Shave Billions From Shipping's Annual Fuel Bill

New GMF study highlights gains from maximising operational opportunities.

29 Mar 2023

Clyde & Co: Suppliers Should Prepare for New Regs on Supply of Low Flashpoint Bunkers

it would be advisable for bunker suppliers and other stakeholders in the bunkering industry to prepare in advance for these amendments, says Clyde & Co's Puneet Sareen.

28 Mar 2023

Wartsila Talking to Shipping Companies, Fuel Producers on Use of Ethanol as Marine Fuel

Where the uptake of ethanol may have an advantage is that it has similar technical characteristics to methanol.

28 Mar 2023

LNG Lobby Welcomes Provisional Deal on FuelEU Maritime Regs

LNG and the pathway to bio and renewable synthetic e-LNG will play a key role in delivering this provisional agreement, the group says.

28 Mar 2023

Newfound Optimism In Banking System Causes Oil To Jump Over 5%

Meanwhile, Turkey contributes to gradual global tightness.

27 Mar 2023

IMO2050: Support at IMO Grows for New Target of 100% Decarbonisation by 2050

Discussions are ongoing as to whether the target will entail the complete phasing out of GHG emissions, or be a 'net zero' target.

27 Mar 2023

Maersk, Shanghai Port Sign Green Methanol Bunkering Agreement

Maersk has 19 methanol dual-fuel vessels on order, while Shanghai wants to become one of the world's first commercial green methanol bunkering points.

27 Mar 2023

Fratelli Cosulich Launchs its First LNG Bunker Vessel

Alice Cosulich is the first of two such LNG bunkering vessels ordered by Fratelli.

27 Mar 2023