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ESL Shipping Secures €70 Million Loan to Fund Methanol Newbuilds
May 28, 2025 ... bulk shipping firm ESL Shipping has signed a €70 million ($79.2 million) loan agreement with the Swedish lending institute Svenska Skeppshypotek. The funding will partially cover the cost ...
Tariff Truce Sparks Charter Market Surge, But Uncertainty Looms
May 28, 2025 ... has revitalised the container charter market, driving a surge in demand and a rally in freight rates, particularly on transpacific routes. Sector specialist Alphaliner reports carriers are racing ...
China's Shenzhen Approves Hengli Group for Bonded Bunker Supply
May 28, 2025 ... petroleum firm Hengli Group has received approval to conduct bonded bunker operations for international ships in Shenzhen, located in southern China. The firm has become the first private ...
Shell Supplies LNG to Cruise Ship in Singapore for First Time
May 28, 2025 ... supplied LNG to a cruise ship operated by the Japanese shipping firm NYK Line at the Singapore Cruise Terminal, marking the firm's first LNG bunker supply to a cruise ship in the ...
BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low
May 28, 2025 ... prices mostly declined at ports around the world on Tuesday, with global average VLSFO prices dropping to the lowest level in two weeks. Ship & Bunker's G20-VLSFO Index of prices ...
European Shipowner Orders Two LNG Bunkering Vessels
May 28, 2025 ... Mipo has secured an order from an undisclosed European shipowner for two 18,000 m3 LNG bunkering vessels. The deal is worth KRW 270.6 billion ($199 million), according to an exchange filing from ...
Biofuel Value Is in Carbon Score, Not Feedstock Label: ScanOcean
May 28, 2025 ... the shipping industry races to reduce its carbon footprint, the way marine biofuels are valued and benchmarked is undergoing a fundamental shift. Swedish bunker supplier ScanOcean says the ...
Trump Sways Both Bearish And Bullish Sentiment As Oil Declines
May 27, 2025 ... prices on Tuesday fell by over 1 percent based on the familiar one-two punch of supply glut fears and waning demand  As of 1725 GMT, Brent declined 90 cents, or 1.4 percent, at $63.86 per ...
UPM Cancels Rotterdam Biofuels Project
May 27, 2025 ... related to the project will be halted, the firm said in a statement on its website on Tuesday. Instead, UPM is sharpening its focus on expanding its biofuels platform through its ...
Saga Shipholding Transfers Entire 32-Vessel Fleet to Bahamas Flag
May 27, 2025 ... for the Bahamas Maritime Authority (BMA), Saga Shipholding has transferred its entire fleet of 32 vessels to the Bahamas flag. The move includes 30 general cargo ships managed by Anglo-Eastern ...
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Also in the News

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

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

Global VLSFO prices are at their lowest level in more than a month.

Read in Full

Carbon Insetting Can Bridge Pre-2028 IMO Gap, But Biofuel Reliance Could Backfire

Carbon Insetting Can Bridge Pre-2028 IMO Gap, But Biofuel Reliance Could Backfire

New UCL and UMAS report says carbon insetting can support early decarbonisation but warns that focusing too heavily on biofuels could slow progress toward scalable zero-emission fuels.

Read in Full

Taiwan's Yang Ming Orders Seven Dual-fuel LNG Boxships

Taiwan's Yang Ming Orders Seven Dual-fuel LNG Boxships

All seven ships are expected to be delivered between 2028 and 2029.

Read in Full

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