World News

Weekly Vessel Scrapping Report 2023: Week 8

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from February 24 – March 1, 2023.

2 Mar 2023

Shipbroker SSY Hires Global Head of Research

Roar Adland is set to joint the firm as global head of research in May.

2 Mar 2023

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

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $6/mt to $645/mt on Wednesday.

2 Mar 2023

World's Largest Container Line Sees Boxship Market Recovery From Q3

A top container shipping executive sees economic resilience in the US and a recovery in the Asia-Europe trade as driving a recovery for boxships in the second half of 2023.

2 Mar 2023

Bearish Signals Ignored, Oil Gains on China Economic Optimism

Meanwhile, Russia continues to navigate hostile waters.

1 Mar 2023

Onboard Carbon Capture System Wins ABS Approval

The carbon capture module of Value Maritime's Filtree System has been granted approval in principle by ABS for marine vessels.

1 Mar 2023

BUNKER PRICES: G20-VLSFO Index Posts Biggest Monthly Decline Since November

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $2/mt to $639/mt on Tuesday, taking its overall decline last month to $51/mt.

1 Mar 2023

Air Lubrication Firm Silverstream is Europe's Fourth-Fastest-Growing Company

Silverstream had compound annual revenue growth at an average rate of 426% between 2018 and 2021.

1 Mar 2023

IE WEEK: ZeroNorth's Kenneth Juhls to Chair IBIA's Digitalisation Group

The organisation is currently in the process of setting up the working group.

28 Feb 2023

First Biomethanol-Fuelled Transatlantic Voyage for MOL and Methanex

The tanker Cajun Sun, owned by MOL and chartered by Methanex subsidiary Waterfront Shipping, completed a voyage between the US and Belgium earlier this month running on biomethanol.

28 Feb 2023

AET Seeks to Build Ammonia-Fuelled Aframax Tanker

The firm has signed a memorandum of understanding with PETCO Trading Labuan Company seeking to deploy a zero-emission Aframax tanker.

28 Feb 2023

IE WEEK: Beumer, De Vos and Draffin Win IBIA Board Seats

Claudia Beumer of VT Group, Jeroen De Vos of Peninsula and independent consultant Nigel Draffin have been elected to the board.

28 Feb 2023

Demand-Fixated Traders Cause More Losses For Oil As Fed Stokes Worries

Meanwhile, China stock market plunge adds to bearish sentiment.

28 Feb 2023

Hapag-Lloyd Signs Multi-Year LNG Bunker Contract With Shell

The deal covers the fuel needs of the container line's 12 new 23,500+ TEU boxships at Rotterdam from the second half of this year onwards.

27 Feb 2023

Wärtsilä-Backed LNG Bunker Methane Slip Project Wins EU Funding

The Green Ray Project consortium is seeking to develop technologies to cut methane slip from LNG marine engines.

27 Feb 2023

BUNKER PRICES: G20-VLSFO Index Rises for First Session in Nine

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $5/mt to $638/mt on Friday, paring its overall loss for last weeks as a whole to $22/mt.

27 Feb 2023

Ferry Company Balearia Cut 2022 LNG Bunker Purchases by 95%

The company consumed 36,937 MWh of LNG bunker last year, down by 94.7% from the 698,532 MWh used in 2021.

27 Feb 2023

Oil Ends Week Of Doldrums With Projections Leaning Towards Bearish Territory

Optimism over China appears to be no balm for trading pessimism.

24 Feb 2023

Bunker Prices Shrug Off War Effect One Year After Ukraine Invasion

The lower bunker prices one year on from the invasion of Ukraine raise the question of how much Russian oil supply has really been phased out of the marine fuels market.

24 Feb 2023

BUNKER PRICES: G20-VLSFO Index Drops for Eighth Session

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $8.50/mt to $633/mt on Thursday, remaining at the lowest point since January 11.

24 Feb 2023