World News

Michael Stig Nielsen Steps Down From World Fuel Services

Michael Stig Nielsen has resigned from the company as of this week and is now on garden leave, he tells Ship & Bunker.

24 Feb 2023

Wind Propulsion Installations to Triple in 2023

There were eight wind propulsion installations on large commercial ships in 2022, and this figure is scheduled to jump to 24 this year.

24 Feb 2023

World Fuel Services Sees Q4 Bunker Income Quintuple as Volumes Slip

Last year's record bunker prices drove record profitability for World Fuel Services.

24 Feb 2023

Oil Rises As Traders Take Solace In Possible Massive Russian Production Cut

That plus China's reopening will tighten the market, analysts say.

23 Feb 2023

Weekly Vessel Scrapping Report 2023: Week 7

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from February 16 – February 23, 2023.

23 Feb 2023

Ammonia Body to Host Webinar Examining Marine Ecosystem Impact

The event will be held online on February 24 at 11 AM GMT.

23 Feb 2023

INTERVIEW: KPI OceanConnect and PIL on Digital Bunkering First

Thomas Lee of KPI OceanConnect and Goh Chung Hun of PIL set out their attitudes to digitalisation to Ship & Bunker after their first SGTraDex-facilitated bunker transaction outside Singapore.

23 Feb 2023

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

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $9/mt to $641.50/mt on Wednesday, reaching the lowest point since January 11.

23 Feb 2023

ElbOil Teams Up With Football Club to Support Victims of Turkish Earthquake

The firm is working with Galatasaray SK to build container homes for some of the victims.

23 Feb 2023

ABS Appoints Head of Global Sustainability Team

Panos Koutsourakis has been appointed vice president for global sustainability as of this month.

23 Feb 2023

Top Container Lines to Take Delivery of 89 Large Boxships This Year

Between them the 11 largest container lines are set to take delivery of 89 boxships of between 7,000 and 24,000 TEU in capacity in 2023.

22 Feb 2023

BUNKER PRICES: G20-VLSFO Index Drops for Sixth Session

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3.50/mt to $650.50/mt on Tuesday, remaining at the lowest point since January 12.

22 Feb 2023

Oil In "Ping-Pong" Doldrums As Attention Alternates Between Economy And China

However, "surprising" economic growth is reported throughout Europe.

21 Feb 2023

BUNKER PRICES: G20-VLSFO Index Declines for Fifth Session

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $6/mt to $654/mt on Monday, reaching the lowest point since January 12.

21 Feb 2023

ZeroNorth Buys Singapore Bunker Supplier Software Firm BTS

BTS manages the Intelligent Bunker Management System (iBMS) suite of services for the marine fuel supply chain, one of the first projects supported by Singapore's Maritime and Port Authority in the early 2000s.

21 Feb 2023

China Optimism Comes To Fore Again And Boosts Oil By Over 1%

Still, analyst warn of market uncertainty in the near term.

20 Feb 2023

EVENT INVITE: 'Dates & Drinks' with SOHAR Port & Freezone at IE Week 2023

This free event will be held on February 28, 2023, 3 – 6pm at Rose & Crown Hotel, 2 Old Park Lane, Mayfair, London.

20 Feb 2023 · SOHAR Port & Freezone

Swedish Group Seeks to Develop Methanol Propulsion Conversion Kit

Engine developer ScandiNAOS, the Chalmers University of Technology and the Swedish Maritime Administration have jointly launched the project.

20 Feb 2023

Adrian Tolson Steps Down From Insight Lead Role at BLUE

Tolson formed a new consultancy, 2050 Marine Energy, at the end of 2022, he tells Ship & Bunker.

20 Feb 2023

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

Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $12/mt to $660/mt on Friday, reaching the lowest point since January 13.

20 Feb 2023