World News

Bunker Prices Lack Direction in Many Ports on Wednesday

Bunker markets remained mixed on Wednesday with ports seeing a variety of movements.

11 Jul 2012

World Fuel Services in Sanko Ship Arrest Saga

Ship & Bunker understands WFS are owed up to $3.3 million in unpaid bunker bills.

11 Jul 2012

Mixed Bunker Price Movements on Tuesday

Bunker prices were mixed on Tuesday, some gains seen in the Americas and further losses in Europe and Asia.

10 Jul 2012

Indian Tankers Granted Insurance to Carry Iranian Oil

United India Insurance Co., has agreed to provide Protection and Indemnity (P&I) coverage to Indian tankers carrying oil from Iran.

10 Jul 2012

Week Opens with Bunker Prices Continuing to Fall

Global bunker prices remained soft on Monday, and some key ports saw double-digit drops.

9 Jul 2012

Week Ends with Falling Bunker Prices

After a week of strong gains Friday's bunker prices dropped in many ports.

6 Jul 2012

New LNG Tankers Developed by Veka-Group

Company says "there will be a rapid increase in the use of LNG by ships for both coastal and inland shipping."

6 Jul 2012

U.S. to Invest $62 Million in Biofuels

$30 million in federal funding will be used to develop biofuels to replace diesel for commercial shipping.

6 Jul 2012

Bunker Prices Continue to Rise Thursday

Gains in the price of marine fuel are seen in many ports although there are less double-digit jumps than earlier in the week.

5 Jul 2012

New Ultrabulk Vessel To Save 15% on Bunker Fuel Bills

Danish shipping firm says the 38,000 dwt bulker is the first super ECO-designed new-build order placed as part of their fleet renewal and expansion plans.

5 Jul 2012

June Bunker Price Analysis

Prices were down $40 across key indicator ports Singapore, Rotterdam, Fujairah, and Houston, less than half of the almost $90 drop seen in May.

5 Jul 2012

Wednesday Bunker Prices Climb Further

Many ports saw another another day of strong gains for bunker prices on Wednesday with few negative movements.

4 Jul 2012

$1.2 Billion Order for Fuel Efficient Megaships

Hyundai Heavy to build ten 13,800 TEU container ships that save 10% on their bunker bills.

4 Jul 2012

Tuesday Bunker Prices Continue to Rise

Tuesday saw global bunker prices continue to climb with crude also making strong gains.

3 Jul 2012

Sanko Line Makes U.S. Bankruptcy Filing

Japanese shipping firm files for Chapter 15 in the U.S. following its bankruptcy filing in Tokyo.

3 Jul 2012

Big Gains for Bunker Prices on Monday

Bunker prices on Monday make double-digit gains following a sharp rise in crude at the end of last week.

2 Jul 2012

Week Ends with Rising Bunker Prices as Crude Price Surges

Friday saw crude rise over 9% and bunker prices moving up in many major ports.

29 Jun 2012

Grindrod and Vitol Bunker Merger Granted Clearance by EC

Merger cleared for joint 50% stake in Cockett Marine Oil that will support Cockett's "global growth strategy".

29 Jun 2012

Global Bunker Prices Firm on Thursday

Crude fell but bunker prices saw gains in many ports.

28 Jun 2012

U.S. Says Singapore, China OK To Buy Iranian Oil

Players in Singapore, the world's largest bunkering port, free to purchase Iranian fuel oil cargoes despite U.S. ban.

28 Jun 2012