World News

Oil Posts Weekly Gain On Saudi Output Commitment, As Analysts Debate Demand Recovery

Meanwhile, Citigroup boosts its price forecasts for 2021.

8 Jan 2021

INTERVIEW: KPI OceanConnect CEO Bullish on Acquisitions and Competition From Smaller Traders

Søren Høll sets out his views on the state of the bunker industry, KPI OceanConnect's attitude to acquisitions and smaller competitors 'trying their luck' in a tough market.

8 Jan 2021

Commercial Development Work Begins on New Marine Battery System Design

Vancouver's VanadiumCorp Resource is working together with Conoship International Projects in the Netherlands and Vega Reederei and Partners in Germany on the project.

8 Jan 2021

Odfjell Tests Debt Market's Interest in Marine Decarbonisation Bonds

Odfjell is contemplating selling four-year bonds denominated in Norwegian Krone with a link to its fleet transition plans.

8 Jan 2021

Mercuria Seeks to Boost Energy Transition Strategy With Alternative Fuels Acquisition

Mercuria has agreed to buy a 61% stake in US alternative fuels supplier Beyond6.

8 Jan 2021

FEATURE: The Bunker Industry's 2020 Fell Flat For All the Wrong Reasons

The bunker industry experienced a completely different year of chaos in 2020 than the one planned for.

7 Jan 2021

Weekly Vessel Scrapping Report: 2020 Weeks 51-52

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from December 17 2020 – January 6 2021.

7 Jan 2021

First Avenir LNG Bunker Barge Launched in China

Nantong CIMC Sinopacific Offshore & Engineering has launched the 7,500 m3 vessel.

7 Jan 2021

Scorpio Bulkers Wants to Change Name to Eneti Inc

The change of the name is subject to approval at an Extraordinary General Meeting to be held on February 3, 2021.

6 Jan 2021

Oil Rises Again On Surprise Stockpile Draw And Aftermath Of Saudi Reduction Pledge

Meanwhile, more experts express hope for 2021 demand recovery.

6 Jan 2021

Bunker Holding Departments Expand to Take On Parent Company's Work

The HR and communications departments of Bunker Holding will now take on that function for the wider USTC organisation.

6 Jan 2021

Container Fleet Growth Drops to Four-Year Low

Global boxship capacity saw growth of 2.9% last year, rising to 23.9 million TEU.

6 Jan 2021

AET Sees 25-30% Fuel Savings From New Generation of Suezmax Tankers

AET has taken delivery of the Eagle Pilar, built for long-term charter to Shell subsidiary Brazil Shipping I Limited.

6 Jan 2021

Oil Prices Leap Upward Due To Saudi Commitment To Maintain Balanced Market

Meanwhile, analysts reiterate their optimism for a 2021 demand rebound.

5 Jan 2021

Oil Prices Dip On OPEC Impasse, But Analysts Hopeful For 2021 Demand Return

Meanwhile, OPEC will resume discussions on Tuesday.

4 Jan 2021

Former GP Global Head of Bunkering Launches New Bunker Trading Firm

The company's focus is bitumen, base oils, bunkering and petroleum products trading.

4 Jan 2021

Platts Kills Off 180 CST Fuel Oil Price Assessments

180 CST fuel oil demand had been declining steadily for the past few decades, and finally dropped to a standstill last year after most ships shifted to burning new VLSFO blends.

4 Jan 2021

Hapag-Lloyd to Bunker LNG in Singapore and Rotterdam wth Shell

6 LNG newbuilds ordered last month and 1 conversion to complete this month; too early to decide on any more gas-fuelled orders or conversions.

4 Jan 2021

Bunker Price Comparison: HSFO in 2019 vs VLSFO in 2020

Bunkers in 2020 cost on average 7% less than in 2019, but the price spread last year was considerably wider.

1 Jan 2021

Oil and Scrubbers Picked Again for 4 More 24,000 TEU Newbuilds

MSC likely recipient of the BoComm-ordered mega ships.

1 Jan 2021