World News

Weekly Vessel Scrapping Report 2022: Week 23

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from June 2 – June 8, 2022.

9 Jun 2022

LNG Bunker Advocates Seek Warmer Reception for Gas-Powered Shipping's Decarbonisation Pathway

Sea-LNG last month set out their views on the prospects for alternative fuels and the case for LNG.

9 Jun 2022

Greek Court Overturns Decision to Confiscate Iranian Oil Cargo

The appeals court in Chalkis overturned the ruling earlier this year that the US authorities could confiscate part of the Iranian oil cargo held on board the tanker Lana, detained off Evia in April.

9 Jun 2022

NYK Plans Shipping Decarbonisation Partnership With Mining Firm BHP

The two companies have signed a memorandum of understanding to deepen their business relationship and support the decarbonisation of ocean transportation.

9 Jun 2022

Greece's Capital Ship Management Launches Biofuel Bunker Trial

The firm will test a biofuel blend on board its managed VLCC the Apollonas.

9 Jun 2022

Oil Up As U.S. Inventory Draws Exacerbate High Demand/Low Supply

But Woodside and the EIA both see oil prices coming off their highs.

8 Jun 2022

JR Shipping Takes on Six More Onboard Carbon Capture Systems

The systems act as scrubbers removing sulfur and other emissions as well as capturing carbon dioxide.

8 Jun 2022

New Fuels, Distribution Part of MSC's CO2 Reduction Plan

Cruise operator details road to net-zero in 2021 sustainability report.

8 Jun 2022

Singapore Bunker Firm Director Jailed for Obstructing North Korea Sanctions Breach Investigation

Manfred Low Cheng Jing, director of Yuk Tung Energy, has been sentenced to 15 weeks of jail.

8 Jun 2022

Oil Ekes Out Gains As Bullish Evidence Trumps Economic Concerns

Meanwhile, Libya and Norway could trigger further market tightness.

7 Jun 2022

INTERVIEW: Sing Fuels Eyes Further Acquisitions After Buying Greek Brokerage

Sing Fuels CEO Vikash Dhanuka discusses his firm's growth plans after its latest acquisition in an interview with Ship & Bunker.

7 Jun 2022

Global Port Congestion: Outlook Uncertain

Shangahi reopening could improve situation.

7 Jun 2022

Results of Bunker Trader Salary Survey Releasd

New report released in conjunction with recruitment specialists Imperium Commodity Search.

7 Jun 2022

Oil Dips On India Buying More Russian Crude, But Markets Remain Tight

Meanwhile, high energy prices are causing havoc in Thailand.

6 Jun 2022

General Index to Partner With Signal Ocean on Freight Rate and CO2 Data

The two companies aim to provide freight-rate benchmarks and a service providing detailed estimates of GHG emissions on a vessel-by-vessel basis, as well as a calculation of the financial cost of these emissions.

6 Jun 2022

More Detail Emerges From Glencore Market Manipulation Case

Market-on-close price lower multiple times to effect favourable outcome.

6 Jun 2022

Kitack Lim on GHG Regulations: 'We Must Be Brave'

The 78th session of the IMO's Marine Environment Protection Committee is being held this week, with discussions on GHG reduction measures the most important item on the agenda for the future of the shipping industry.

6 Jun 2022

CMA CGM Orders Methanol-Fuelled Boxships

The company has ordered six 15,000 TEU dual-fuel methanol-powered boxships, as well as ten new LNG-fuelled ships.

6 Jun 2022

Oil Up Again On OPEC Disappointment As $150 Prices Are Forecast

Meanwhile, Western Canadian Select takes a nosedive due to Russia.

3 Jun 2022

Singapore, UAE to collaborate on Maritime Decarbonisation

"Singapore and the UAE enjoy very strong bilateral relations", says Chief Executive, Quah Ley Hoon.

3 Jun 2022