All News

IBIA CONVENTION: IBIA Board to Be Chaired by Bunker Buyer For First Time

Tim Cosulich became IBIA chairman in April 2022, and his term will come to an end in March of next year.

10 Nov 2023

Oil Stabilizes As Analysts Disagree On State Of Fundamentals

Meanwhile, China as a top demand growth driver is fading fast.

9 Nov 2023

Weekly Vessel Scrapping Report 2023: Week 44

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from November 2 – November 8, 2023.

9 Nov 2023

IBIA CONVENTION: New ISO 8217:2024 Bunker Specifications Could Come as Early as Q1

The ISO 8217 specifications last had a new full version published in 2017.

9 Nov 2023

Monjasa Adds Two Tankers to West African Operation

The 68,589 DWT Monjasa Leader, to be deployed as floating storage, is the most important tanker acquisition in the firm's history, according to shipping director Torben Maigaard Nielsen.

9 Nov 2023

Sinopec to Take Over Gunvor Fuel Oil Storage Capacity in Singapore: Report

The firm will exit from about 600,000 m3 of its fuel oil storage at the Oiltanking Seraya terminal.

9 Nov 2023

IBIA CONVENTION: Expecting Delay to Decarbonisation Implementation Would Be 'Huge Mistake'

IBIA's Edmund Hughes discusses the lessons for decarbonisation from the IMO 2020 transition.

9 Nov 2023

Hapag-Lloyd Reports 94% Slump in Q3 Profits

The firm's average freight rate sank to $1,312/TEU from $3,106/TEU a year earlier.

9 Nov 2023

BUNKER PRICES: G20-VLSFO Index Sinks to One-Month Low

Ship & Bunker's G20-VLSFO Index reached the lowest level since October 11 on Wednesday.

9 Nov 2023

IBIA CONVENTION: ICS Warns of Possible Rationing of Maritime Transportation if Decarbonisation Slows

"As well as being a disaster for our industry, that will be a disaster for global prosperity," Simon Bennett of the ICS said at the IBIA Annual Convention 2023 on Wednesday.

9 Nov 2023

IBIA CONVENTION: Cockett CEO - 'The Most Important Decade for Maritime Decarbonisation Is This One'

Cockett Group CEO Cem Saral discusses the challenges faced in holding shipping to its decarbonisation targets in the short term.

9 Nov 2023

IBIA CONVENTION: IBIA Chairman Puts MFM Cost at $0.02/MT Over Barge Lifetime

Fratelli Cosulich saw an immediate advantage when Singapore made the use of MFMs mandatory in 2017, Tim Cosulich said at the IBIA Annual Convention.

9 Nov 2023

Wind Propulsion to Play Central Role in Vale's Maritime Decarbonisation Strategy

Brazilian mining giant in 2024 says it will install the world's largest wind propulsion installation on a ship.

9 Nov 2023

Seaside LNG Moves Bunker Delivery Vessel to Galveston

The firm has signed an LNG bunkering term contract with Carnival Corporation to supply its cruise ship the Carnival Jubilee at Galveston from next month.

9 Nov 2023

StormGeo Launches EU ETS Solution

Solution aims to help shipping companies manage their exposure to the EU Emissions Trading System.

9 Nov 2023

Another Price Plunge For Oil As Bearish Sentiment Over Near-Term Demand Deepens

Meanwhile, more Venezuelan oil causes Barclays to downgrade its Brent estimates.

8 Nov 2023

UK Physical Supplier Standard Fuel Oils Buys Bunker Trader River Marine Fuels

Both firms are based in Liverpool, UK.

8 Nov 2023

Wave Power Technology Holds Fuel-saving Promise

That could be applied to cargo ships.

8 Nov 2023

Prioristing E-fuels for Road Transport Could Prove Detrimental to Shipping's Decarbonising Efforts

Briefing paper from T&E highlights risk to hard-to-decarbonise shipping sector.

8 Nov 2023

Stability Concerns Raised Over Drop-in Biofuel Bunker Blends

A study from Oldendorff Carriers finds the blends can be 'more prone to oxidative degradation'.

8 Nov 2023