All News

Japan's Defense Ministry Orders Bunker Tankers

The shipyard will build two 4,900 deadweight tonne (DWT) barges for delivery in April and June 2022.

22 May 2020

Classification Societies Clash on 2050 Bunker Demand Outlook

Two leading classification societies have come up with two starkly different visions for how bunker demand might develop in the coming decades.

22 May 2020

Oil's Winning Streak Supported By Inventory Drops But Capped By Economic Concerns

Businesses are worried about a second wave of lockdowns.

21 May 2020

Weekly Vessel Scrapping Report: 2020 Week 20

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from May 15 – May 20, 2020.

21 May 2020

Quarterly Loss, Extended Voyage Suspension for RCL

But management confident of bounce back from covid-19 negatives.

21 May 2020

Sinopec's Chinese Bunker Sales Head for 4.8 Million MT/Year

China has applied a long-awaited rebate on value added tax on fuel oil from February this year, incentivising domestic refiners to produce VLSFO in large quantities.

21 May 2020

Japanese Coalition Forms to Develop Battery-Powered Shipping

The first phase of the project will be to develop the world's first battery-powered tanker, the group said, for launch in March 2022.

21 May 2020

Distillate Demand Down by 7% Over Year: IEA

First quarter snapshot of demand for refined oil products show distillates losing the least.

21 May 2020

Norwegian Shipowners Seek to Halve Greenhouse Gas Emissions by 2030

In a report published this week, the Norwegian Shipowners' Association said its members will aim for a cut of 50% from 2008's levels in their GHG emissions per transport work by 2030, and will have a "climate neutral fleet" by 2050.

21 May 2020

Oil Continues Winning Streak As Demand Recovery Gains Momentum

However, worry persists over the degree to which the lockdowns have wrecked the economy.

20 May 2020

Bunker Jobs: Sales Manager, Team Lead, Singapore

With a privately owned, global organization.

20 May 2020

Covid-19 Takes Chunk out of Global CO2 Output

Pollution reversed by 17% during pandemic crisis, estimates suggest.

20 May 2020

SEA/LNG Reiterates LNG Role in Curtailing Greenhouse Gas

In response to Climate Bond Initiative consultation paper.

20 May 2020

Fujairah Fuel Oil Stocks Jump to Record High

Very low sulfur fuel oil prices at Fujairah gained $14.50/mt to $237.50/mt in the week to Monday, according to Ship & Bunker pricing.

20 May 2020

Brightoil Reaches Settlement With Petrolimex Over $30 Million Debt

Brightoil's founder Sit Kwong Lam was forced to step down in April 2019 after being declared bankrupt over the debt to Petrolimex.

20 May 2020

Scrubber Deferrals Boost Bottom Line for Frontline

Strong freight rates and narrow fuel spread behind Frontline move.

20 May 2020

GCC Switching to MTD Bunker Pricing

We hope this will add transparency to the Houston market, GCC Bunkers' Zach Stansbury tells Ship & Bunker.

19 May 2020

Lockdown Easements Boost Crude Prices, But Analysts Wary Of What Politicians Will Do Next

Trump says Washington will intervene if easements don't meet his expectations.

19 May 2020

Low Cost Biofuel Bunker Project Launches with €5m EU Funding

The IDEALFUEL consortium is being led by the Eindhoven University of Technology.

19 May 2020

Wärtsilä to Supply Engines for Japan's First LNG-Fuelled Ferries

Wärtsilä took an order earlier in the second quarter to supply the engine, gearbox and LNG storage, supply and control system.

19 May 2020