World News

BUNKER PRICES: G20-VLSFO Index Drops to 15-Month Low
BUNKER PRICES: G20-VLSFO Index Drops to 15-Month Low
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $10/mt to $593/mt on Monday, reaching the lowest level since December 6, 2021.
21 Mar 2023
BUNKER JOBS: Multiple Open Roles Worldwide at Cockett Group
BUNKER JOBS: Multiple Open Roles Worldwide at Cockett Group
The company is seeking traders in the US, UK, Singapore, Netherlands and Greece.
20 Mar 2023
Maersk Supply Service Divested to Family Holding Company
Maersk Supply Service Divested to Family Holding Company
The divestment marks the end of Maersk's refocusing itself away from the energy industry.
20 Mar 2023
BUNKER PRICES: G20-VLSFO Index Rallies for First Session in Four
BUNKER PRICES: G20-VLSFO Index Rallies for First Session in Four
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $5/mt to $603/mt on Friday, paring its weekly drop to $29.50/mt.
20 Mar 2023
Yara Sees 10% Bunker Savings From FuelOpt System
Yara Sees 10% Bunker Savings From FuelOpt System
The firm has analysed the performance of its system on board the tankers Sten Bothnia and the Ekfjord, finding bunker consumption reduction of more than 10%.
20 Mar 2023
Oil Posts Worst Weekly Loss Since Early 2020 Due To Bank Fears
Oil Posts Worst Weekly Loss Since Early 2020 Due To Bank Fears
Crude was down 13 percent on the week as earlier bank failures convinced skittish traders that demand is in serious jeopardy.
17 Mar 2023
BUNKER PRICES: G20-VLSFO Drops Below $600/MT For First Time in 15 Months
BUNKER PRICES: G20-VLSFO Drops Below $600/MT For First Time in 15 Months
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $15/mt to $598/mt on Thursday, dropping to the lowest level since December 21, 2021.
17 Mar 2023
Green Shipping Corridor Planned Between California and Japan
Green Shipping Corridor Planned Between California and Japan
The California State Transportation Agency has committed to supporting green shipping corridors, port decarbonisation and the deployment of zero-emission transportation.
17 Mar 2023
Matson to Convert Third Boxship to LNG Propulsion
Matson to Convert Third Boxship to LNG Propulsion
The retrofit will follow similar projects to convert Matson's vessels the Manukai and Daniel K. Inouye.
17 Mar 2023
Oil Reverses Course On Vague Russia/Saudi Meeting, But Bank Fears Persist
Oil Reverses Course On Vague Russia/Saudi Meeting, But Bank Fears Persist
Meanwhile, the IEA says oil demand could still end the year "with a bang."
16 Mar 2023
World's Largest Container Ship is Running on HSFO With Scrubbers
World's Largest Container Ship is Running on HSFO With Scrubbers
Container line MSC has taken delivery of two ultra-large container ships this month, the MSC Irina and the MSC Tessa.
16 Mar 2023
More Slow Steaming for Maersk on Far East-North Europe Services: Report
More Slow Steaming for Maersk on Far East-North Europe Services: Report
The firm is set to redeploy surplus tonnage from its discontinued shared AE1/Shogun service with MSC to other Far East-North Europe services. allowing it to cut average vessel speeds.
16 Mar 2023
Shell Completed 250 LNG Bunker Operations in 2022
Shell Completed 250 LNG Bunker Operations in 2022
The company set out some details of its LNG bunkering global footprint in its Energy Transition Progress Report for 2022.
16 Mar 2023
BIMCO Sees 24% Drop in Scrubber Installations in 2022
BIMCO Sees 24% Drop in Scrubber Installations in 2022
A total of 399 scrubber installations were seen in 2022, down by 24% from the previous year's total.
16 Mar 2023
World's Largest Shipping Firm Signs Five-Year Partnership Deal With GCMD
World's Largest Shipping Firm Signs Five-Year Partnership Deal With GCMD
The two organisation have signed a five-year impact partnership agreement under which MSC will provide financial support for the GCMD's pilots and trials.
16 Mar 2023
BUNKER PRICES: G20-VLSFO Index Drops to Lowest Level Since End of 2021
BUNKER PRICES: G20-VLSFO Index Drops to Lowest Level Since End of 2021
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $10/mt to $613/mt on Wednesday, dropping to the lowest level since December 27, 2021.
16 Mar 2023
Weekly Vessel Scrapping Report 2023: Week 10
Weekly Vessel Scrapping Report 2023: Week 10
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from March 9 – March 15, 2023.
16 Mar 2023
Bank Crises Raise Demand Fears To Fever Pitch, Oil Prices Plummet Again
Bank Crises Raise Demand Fears To Fever Pitch, Oil Prices Plummet Again
But some analysts are urging everyone to focus on the long-term better view.
16 Mar 2023
Ammonia Propulsion Retrofit May Cost Half of Vessel's Value: Report
Ammonia Propulsion Retrofit May Cost Half of Vessel's Value: Report
Shipping company Grieg Star has published a report this week examining the challenges of taking on ammonia bunkering, using a bulker as a case study..
15 Mar 2023
BUNKER PRICES: G20-VLSFO Index Drops to Ten-Week Low
BUNKER PRICES: G20-VLSFO Index Drops to Ten-Week Low
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $10.50/mt to $623/mt on Tuesday, dropping to the lowest level since January 6.
15 Mar 2023