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Bunker Holding Sees Rising African Demand Following Red Sea Diversions
Dec 21, 2023 ... African ports as ships take longer voyages to avoid the Red Sea and Suez Canal. Arne Lohmann Rasmussen, head of research at hedging firm Global Risk Management, noted the trend after a meeting ...
Monjasa Already Sees WAF Bunker Demand Boost From Ships Avoiding Red Sea
Dec 21, 2023 ... of a floating storage (Monjasa Leader, 68,000-dwt) deployed in the Gulf of Guinea and around 10 smaller supply tankers covering the regional demand. "This means that we can scale the supply ...
Oil Rises Again On Red Sea Concerns But Analysts Doubt Full-Blown Rally
Dec 19, 2023 ... in contango, signalling an abundance of barrels available in the near term." And yet, optimism for trade in the foreseeable future remained undiminished: according to a report ...
UK Reports 'Suspicious Approach' Near Red Sea
Dec 19, 2023 ... commercial ship was subject to a 'suspicious approach' by several small vessels near the Red Sea on Tuesday morning, according to the British authorities. The vessel was approached by four ...
INTERVIEW: Industry Stakeholders Struggling to Understand Impact of EU-ETS, says MFA
Dec 18, 2023 ... when you're sailing around the world. "A lot of the biofuels to date have been sold in short, small parcels, 20 to 30 tonnes. This is fine if you are going back and forth between Rotterdam and ...
Maersk, Hapag-Lloyd Halt All Container Shipments Through Red Sea After Attacks
Dec 15, 2023 ... Africa rather than traversing the Red Sea, news agency Reuters reported on Friday, citing a spokesman for the company. Hapag-Lloyd is pausing all container ship traffic through the Red Sea, ...
Molgas Takes 45% Stake in LNG Bunker Supplier Titan
Dec 14, 2023 ... a funding round for a 45% equity stake, the company said in an emailed statement on Thursday. Small-scale LNG firm Molgas took the stake, with support from infrastructure fund investor InfraVia ...
Market Perspectives: Marine Fuel Market is in Transition and so are Alternative Fuels
Dec 14, 2023 ... member states that will drive both supply and demand for green fuels. And with a pricing mechanism and global fuel standard to be agreed at the IMO by the end of 2025, there is still some time to ...
Israel Calls for International Action to Protect Commercial Shipping in Red Sea
Dec 14, 2023 ... the direction of their totalitarian commanders in Tehran, the Houthis' continued acts of terrorism and piracy against ships of all nationalities and ownerships requires the entire international ...
Chinese Firm Plans 24,000 TEU Nuclear-Powered Boxship
Dec 13, 2023 ... if built, and would produce next to zero GHG emissions. Nuclear propulsion is gathering a small but committed fanbase in the shipping industry as a potential long-term solution to the ...
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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.

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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.

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Port of Hueneme Unveils Second Emissions-Capturing Barge

Port of Hueneme Unveils Second Emissions-Capturing Barge

The carbon capture system attaches itself to the vessel's exhaust pipe to capture emissions while the vessel is at berth.

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