World News

Tepid Reserves Release Fails To Calm Oil Investors; Prices Soar

Meanwhile, Goldman thinks the oil market is underestimating risk.

1 Mar 2022

Chevron to Buy Biofuel Producer Renewable Energy Group

The two firms have signed a deal for Chevron to buy the company for $3.15 billion.

1 Mar 2022

TotalEnergies Signals Methanol Bunkers Push by Joining Industry Body

TotalEnergies Marine Fuels has joined the Methanol Institute as part of its parent firm's plan to reach net zero emissions by 2050.

1 Mar 2022

Brent Breaches $100 As Sanctions Against Russia Intensify

Goldman Sachs believes there is ample room for further market tightness.

28 Feb 2022

Bunker Holding Commercial Operations Chief Leaves for Sister Firm CM Biomass

Ask Michael Munck has left the firm as of Monday to become chief financial officer at CM Biomass.

28 Feb 2022

Oil Retreats On Washington's Refusal To Sanction Russian Crude

Meanwhile, questions are raised about what is being agreed to in the Iran nuclear talks.

25 Feb 2022

DB Schenker Shifts CMA CGM Shipments to Biofuel Bunkers

The two firms have agreed to the purchase of 2,500 mt of biofuels, enough to cover all of DB Schenker's LCL volumes carried by CMA CGM.

25 Feb 2022

INTERVIEW: Wärtsilä Sees LNG as 'Only Way' for Immediate Decarbonisation

Diego Paulizzi, strategic account general manager at Wärtsilä Marine Power, sets out his views on the future marine energy mix.

25 Feb 2022

Korean Register to Work on Solid Oxide Fuel Cells for Ships

The classification society has signed an MoU with STX Energy Solutions and Daewoo Shipbuilding & Marine Engineering to work on the technology.

25 Feb 2022

WFS Expects 'Moderate' Growth in Marine Volumes and Profits in 2022

The company expects an improving outlook for its marine business this year, its managers said in a call with analysts.

25 Feb 2022

Ukraine Crisis Leaves VLSFO Price Beating Previous HSFO All-Time High

The average VLSFO price across Singapore, Rotterdam, Fujairah and Houston jumped by $20/mt to $758.50/mt on Thursday.

25 Feb 2022

Top Bunker Players Grow Market Share

Fratelli Cosulich, Peninsula, Minerva Bunkering, and Monjasa are among the strongest performers in the updated list of Top 10 Bunker Companies for 2022

25 Feb 2022

World Fuel Services Increases Annual Bunker Sales for First Time Since 2015

Total sales for 2021 were 18.4 million mt, a lift of 5% over the 17.5 million mt sold in 2020.

24 Feb 2022

Get Set For $130 Oil, Say Experts As Russian Invasion Of Ukraine Begins

Analysts also question the effectiveness of further SPR releases in U.S.

24 Feb 2022

Weekly Vessel Scrapping Report 2022: Week 8

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from February 17 – February 23, 2022.

24 Feb 2022

TotalEnergies Charters Its First LNG-Powered VLCC

The company has taken on the VLCC Eagle Valence under a long-term chartering agreement from AET.

24 Feb 2022

NSI: How to Approach Surging Bunker Markets in Ukraine Crisis

Paul Hardy of brokerage NSI shares his firm's view of how bunker markets may react to the Ukraine crisis in the coming days.

24 Feb 2022

Oil Flat As Traders Contemplate Another Potential Release Of U.S. Reserves

Meanwhile, Iran is moving more oil onto ships ahead of a nuclear deal agreement.

23 Feb 2022

FuelTrust Adds Four New Board Members

The company uses AI and blockchain technologies to track emissions and manage risk in the marine fuel supply chain.

23 Feb 2022

Shell Orders Kongsberg Vessel Optimisation System for 45 LNG Carriers

The company will install Kongsberg's Just Add Water System, which uses vessel data to calculate the most advantageous operating conditions in real time.

23 Feb 2022