All News

Sinopec Joins List of Singapore's Licenced Bunker Suppliers

Sinopec Fuel Oil (Singapore) Pte Ltd has joined the Maritime and Port Authority's list of licensed bunker suppliers as of June 1.

1 Jun 2022

Maersk Subsidiary Svitzer Sets 2040 Net Zero Target

The firm will first aim for a 50% reduction in the carbon intensity of its fleet by 2030, before fully decarbonising by 2040.

1 Jun 2022

Mining Firm Rio Tinto Joins Decarbonisation Body MMMCZCS

Rio Tinto is planning to introduce net-zero-emission vessels into its fleet by the end of this decade.

1 Jun 2022

EU, UK Agree Ban on Insuring Ships Carrying Russian Oil Cargoes

The ban will lock Russian oil cargoes out of the Lloyd's of London insurance market.

1 Jun 2022

Auramarine Launches Methanol Fuel Supply System for Ships

The company has developed the methanol fuel supply systems for both two- and four-stroke engines.

1 Jun 2022

Oil Dips As OPEC Contemplates Excluding Russia From Production Decisions

Meanwhile, analysts argue over the market's health as inflation skyrockets.

31 May 2022

Multiple Asian Ports at VLSFO Record High on Supply Crunch

Asia-Pacific bunker market sources tell Ship & Bunker there is significant uncertainty over how long the current shortages will last.

31 May 2022

BUNKER JOBS: Bunker One Seeks Financial Controller in Houston

The company is looking for candidates with at least two years of experience in a similar role.

31 May 2022

ONE Orders Ten Ammonia-, Methanol- and Carbon Capture-Ready Boxships

The firm has ordered five 13,700 TEU boxships each from Hyundai Heavy Industries and Nihon Shipyard.

31 May 2022

North and Standard Club Members Endorse Merger Plan

Special general meetings of the two clubs' members on May 27 endorsed the proposal to merge the two organisations into a single mutual insurer.

31 May 2022

Imprecise Fuel Grades on BDNs May Cause Emissions Reporting Problems: Lloyd's Register

Terms that bunker suppliers tend to use on the BDNs such as VLSFO or LSHFO do not follow ISO 8217 guidelines and may mean an incorrect emissions factor is noted for the receiving ship when the note is submitted to the IMO.

31 May 2022

EU to Ban Seaborne Imports of Russian Oil

The plan has been agreed as apart of a sanctions package negotiated at a summit in Brussels.

31 May 2022

Oil Up On EU Optimism And Shanghai Covid Restrictions Lifted

Hungary's requirements seem to bode well for an agreement on Russian bans.

30 May 2022

Japanese Firms Launch Battery-Powered Tugboat

Tokyo Kisen and e5 Lab held a naming and launching ceremony for the electric tug Taiga last week.

30 May 2022

MOL to Be First Japanese Shipping Firm in First Movers Coalition

The company has joined the group with a view to increasing cooperation to help achieve a net zero 2050 target for shipping.

30 May 2022

Iran Seizes Two Greek Tankers After US Oil Confiscation

Iran's Revolutionary Guards Navy seized two Greek tankers for violations in Gulf waters.

30 May 2022

Avenir LNG Takes Delivery of 20,000 M3 Bunkering Vessel

The firm has taken delivery of the dual-purpose LNG supply and bunker delivery vessel Avenir Achievement.

30 May 2022

Average Bunker Price Jumps Back Above $1,000/MT

The global average VLSFO price gained $25/mt to $1,000.50/mt on Friday, according to Ship & Bunker's G20 Index of prices at 20 leading bunkering ports.

30 May 2022

World Fuel Oil Summit XIII to Address Chaotic Cargo Market in Wake of Russia Crisis

Speakers will include John Ghio, captain of the Gibraltar Port Authority, Savvas Manousos of Spanish energy company Cepsa, Carnival's Michael McNamara and Wärtsilä's Sigurd Jenssen.

30 May 2022

Oil Posts Fifth Straight Weekly Gain As Warnings Of Brent Hitting $150 Surface

Meanwhile, the G7 implore OPEC to open their taps and relieve the crunch.

27 May 2022