World News

Covid Fears Reinfect Crude Traders, Oil Prices Plunge Over 3%

Analysts note that Covid is affecting sentiment far more than fundamentals.

2 Aug 2021

Germany Joins Anti-Piracy Group ReCAAP

Germany is the organisation's 21st contracting party.

2 Aug 2021

US Seizes Cameroon-Flagged Small Clean Products Tanker

A New York federal court entered a judgement of forfeiture over the 2,734 DWT oil products tanker Courageous on Friday.

2 Aug 2021

BUNKER JOBS: Multiple Roles Open at Cockett Group

The company is currently seeking an operations executive in Singapore, as well as several marine fuels traders at locations around the world.

2 Aug 2021

US Shipper Sues Container Lines Over Alleged Exploitation in Surging Freight Market

The company filed a lawsuit with the Federal Maritime Commission on July 28 claiming violations of the 1984 US Shipping Act.

2 Aug 2021

Oil Posts Fourth Straight Monthly Gain As Investors' Fear Of Covid Abates

Meanwhile, demand skyrockets in former Covid hot spot of India.

30 Jul 2021

34 Organisations Join Ammonia Bunker Research Project

Japan's ITOCHU Corporation set up the joint study framework with 23 companies and organisations as members, and a further 11 have now joined.

30 Jul 2021

Global Risk Management Hires Associate From KPI OceanConnect

The new hire is set to join the firm from August 2.

30 Jul 2021

WFS Q2 Bunker Margins Drop on Year as Volumes Gain

The company reported net profit of $4.8 million from its marine division in the second quarter of 2021, down by 64% from the $13.3 million seen a year earlier.

30 Jul 2021

Belgium's EXMAR Works With Fertiliser Firm on Ammonia-Fuelled Ship

The two companies have signed a collaboration agreement to develop the vessel.

30 Jul 2021

Thursday's Oil Gains Buoyed By Strong Demand Confidence, Say Analysts

Even restrictions caused by the Delta variant are having no effect.

29 Jul 2021

Weekly Vessel Scrapping Report: 2021 Week 30

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from July 22 – July 28, 2021.

29 Jul 2021

Berge Bulk Joins X-Press Feeders in Nuclear Shipping Investment

Core Power is working on modular molten salt reactors that could be used as a zero-carbon energy source for ships.

29 Jul 2021

Oil Climbs As Demand Depletes U.S. Gasoline Supplies And Impacts Jet Fuel

However, U.S. refiners are missing out on the boom.

28 Jul 2021

Hapag-Lloyd to Take on Ten Scrubber-Fitted Boxships: Alphaliner

The firm is rumoured to be taking on the 13,100 TEU ships from Greece's Capital Ship Management and Chartworld.

28 Jul 2021

Terminal Operator PSA to Work With Shipping Firm ONE on Decarbonisation

The two firms have signed a memorandum of understanding to collaborate on reducing greenhouse gas emissions.

28 Jul 2021

Shipping Groups Warn of 'Serious Shortage' of Seafarers by 2026

Industry groups BIMCO and the International Chamber of Shipping made the warning in their new Seafarer Workforce Report.

28 Jul 2021

Oil Down On Delta Concerns Despite Massive U.S. Crude Drawdowns

Global demand seems resilient to Covid infection rises.

27 Jul 2021

VPS Talks: Decarbonisation

VPS Yxney CCO Sindre Bornstein discusses how digital solutions can help shipping companies bear down on their carbon footprint.

27 Jul 2021 · VPS

MAN Energy Solutions to Supply Maersk's First Methanol-Fuelled Ship Engine

The company will supply a MAN B&W 6G50ME-LGIM engine for the ship -- a 2,100 TEU feeder vessel due to enter service in mid-2023.

27 Jul 2021