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EU ETS Added $90/mt to EU Bunker Costs in 2024
Jan 1, 2025 ... was $92.25/mt. This is assuming EUAs to offset emissions were purchased at the time of the journey in 2024 and converted from EUR and USD at the prevailing day rate. These prices also take ...
More Owners Mulling LNG-Powered Megamax Boxships: Report
Jan 1, 2025 ... LNG having established itself as the alternative fuel of choice for new build orders in 2024, that momentum looks set to continue in 2025 as more owners reportedly consider the use of LNG to ...
Oil Ends 2024 On Second Annual Loss As Uncertainly Greets The New Year
Dec 31, 2024 ... by agencies such as the Organisation of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA), both of which downgraded their oil demand growth expectations for ...
BUNKER PRICES: G20-VLSFO Index Jumps to Four-Week High
Dec 31, 2024 ... by $1.50/mt to $549.50/mt, and at Houston they climbed by $5/mt to $561/mt. On Tuesday morning Brent futures were trading up by $0.38/bl from the previous session's close ...
Traders Bet On Winter Freeze To Boost Demand, But Oil Prices Remain Flat
Dec 31, 2024 ... heading into 2025, investors are nevertheless positioning for upside risk as Donald Trump returns to the White House and conflicts in Ukraine and the Middle East continue to simmer. “The US ...
BUNKER PRICES: G20-VLSFO Index Slips for First in Five Sessions
Dec 30, 2024 ... fell by $1/mt to $548/mt, and at Houston they climbed by $8/mt to $556/mt. On Monday morning Brent futures were trading down by $0.01/bl from the previous session's close ...
Terpel's Eugenia Benavides Retires
Dec 30, 2024 ... Benavides said. "I am grateful to my circle of friends. "From my friends not only did I learn about the bunker and maritime business, I also learned about your different cultures. "I am ...
China Completes First Domestic Ammonia Bunkering Operation
Dec 30, 2024 ... and methanol, with Yuantuo one of only a handful of vessels currently in existence capable of burning ammonia as marine ...
OPINION: It's Time to Solve Port Pollution
Dec 30, 2024 ... not a new issue, but efforts by regulators to solve the problem have ramped up recently. The California Air Resources Board (CARB), for example, has added more vessel types and terminals to its ...
Oil Set For Yearly Loss Despite Late Resurgence Of Geopolitical Concerns
Dec 27, 2024 ... since mid-October. Meanwhile, recently overlooked geopolitical tensions were said to have returned to trading considerations; specifically, NATO on Friday announced it would boost its presence ...
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Shipping to See Onboard CO2 Capture Surge from 2040s: DNV

Shipping to See Onboard CO2 Capture Surge from 2040s: DNV

DNV expects the use of CCS will become more noticeable in the shipping industry from the 2040s onward.

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UK Bunker Tanker Cleared to Carry B100 Without Chemical Tanker Conversion

UK Bunker Tanker Cleared to Carry B100 Without Chemical Tanker Conversion

This is the first time a bunker tanker is certified to load, carry and blend biofuels up to B100 onboard without being converted to chemical tanker status.

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Wind-Powered Fleet Tops 70 Ships, Bulk Carriers Lead the Way: ISWA

Wind-Powered Fleet Tops 70 Ships, Bulk Carriers Lead the Way: ISWA

IWSA says another 130 ships have wind propulsion systems on order.

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