World News

SIBCON22: Panel Backs Singapore Biofuel, LNG Demand to Reach 5 Million MT/Year by 2030

A majority of a Sibcon panel last week agreed 5 million mt/year demand for both biofuel blends and LNG would be possible by 2030.

10 Oct 2022

SIBCON22: Oilmar Bunker Volumes Close to Doubling in 2022

The firm has sold an average of about 43,000 mt/month of marine fuels this year, Oilmar's Rakesh Sharma tells Ship & Bunker.

10 Oct 2022

SIBCON22: Maersk Boxship Methanol Fuel Tanks Will Cover Full Round Trips

The ability to complete full return voyages without refuelling will mean limited availability of methanol bunkers worldwide will be less of a problem for the company.

10 Oct 2022

SIBCON22: Shell Has 'Heavy Safety Reservations' About Ammonia Bunkers

While the firm is in principle open to any of the future alternative bunker options under discussion, it has 'heavy safety reservations' about ammonia, a Shell Marine representative tells Ship & Bunker.

10 Oct 2022

OPEC Move Keeps Prices Up As Rudderless Washington Releases More SPR Inventory

Meanwhile, Ron Insana outlines a strategy to cripple OPEC.

7 Oct 2022

SIBCON22: SEA-LNG Study Forecasts 30% Drop in Bio-LNG Bunker Costs by 2030

The study was produced by the Maritime Energy and Sustainable Development Centre of Excellence at Singapore's Nanyang Technological University, on behalf of SEA-LNG.

7 Oct 2022

Maersk Gains Cargo Space in New Methanol-Fuelled Ships From Optimised Design

The container line has been able to find more space for cargo with a minor change in design, a company representative tells Ship & Bunker.

7 Oct 2022

Oil Maintains Rally As Experts Disagree About Impact Of OPEC Cuts

Meanwhile, Biden claims "There's a lot of alternatives" to take.

6 Oct 2022

Weekly Vessel Scrapping Report 2022: Week 39

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from September 29 – October 5, 2022.

6 Oct 2022

SIBCON22: Berge Bulk Plans Methanol-Fuelled Vessel Orders

Meeting its zero-carbon target by 2025 will initially require carbon offsets, but methanol-fuelled ships are likely to be a medium-term focus, CEO James Marshall tells Ship & Bunker.

6 Oct 2022

Three Former Sentek Bunker Clerks Face Corruption Charges Over Shell Singapore MGO Misappropriation

Wong Wai Meng, Wong Kuin Wah and Boo Pu Wen were scheduled to face the charges in a Singapore court on Thursday.

6 Oct 2022

SIBCON22: Panel Warns of Potential LNG Bunker Barge Shortage

Orders of LNG bunker barges may not be coming in at the pace required to keep up with the rapid demand growth seen in recent years.

6 Oct 2022

KPI OceanConnect Saw Volumes Gains in Q2 as Global Market Declined

The company's global volumes climbed by 2% in Q2 compared with Q1, while Ship & Bunker and BLUE Insight estimate the global market slipped by 5.3%.

5 Oct 2022

OPEC Supply Cuts Anger Western Leaders As Oil Prices Rise Yet Again

But the Oil & Gas Association blames Biden for OPEC's influence in the U.S.

5 Oct 2022

SIBCON22: TFG Marine to Launch Bunkering App Next Year

The app, TFG Portal, will aim to provide the firm's customers with as much information as possible about their bunker purchase, TFG's Kenneth Dam tells Ship & Bunker.

5 Oct 2022

DNV Reports 14 LNG-Fuelled Ship Orders in September

While 14 ships were ordered in total last month, cancellations of previous orders took the net increase to just six ships.

5 Oct 2022

More Gains For Oil As Speculation Of OPEC Output Cuts Intensifies

Meanwhile, Europe sees more countries returning to fossil fuel power.

4 Oct 2022

Hamburg, Halifax Link up With 'Green Corridor' Plan

To limit environmental impact of maritime trade between the ports and extend opportunities to German and Canadian firms.

4 Oct 2022

Biofuel Bunkers: Industry Makes Progress as IMO Stalls on Guidelines

At IMO's recent CCC8 it did not work on advancing relevant guidelines at all, while the likes of BV have released a new 'Biofuel Ready' notation.

4 Oct 2022

Poseidon Principles to Include 1.5C Rise as Benchmark

Green shipfinance initiative to align with Paris Agreement.

3 Oct 2022