Category: ship&bunker

Bunker Clerk Jailed Over Singapore Shell MGO Misappropriation Wong Kuin Wah, working at the time of the allegations for Sentek Marine & Trading, was handed a jail sentence of seven and a half years at a Singapore court on Monday. Go to ship&bunker

BUNKER JOBS: Maersk Energy Markets Seeks Global Head of Operations The company is looking for candidates with a proven track record of managing a global team. Go to ship&bunker

Oil Declines As Analysts, Journalists Argue That Bearishness Is Oversold The IEA seems to be the leading culprit in fostering the negative attitude. Go to ship&bunker

Samsung Unveils own Wind-assist Design for LNG Carrier Firm to focus on wind-assist technology. Go to ship&bunker

IKEA Making Progress on Shipping Emissions But Amazon Isn’t Campaigning group Ship It Zero’s annual assessment of progress on maritime emissions linked to operations of big retailers finds some reason for hope but more reason for despondency. Go to ship&bunker

BUNKER PRICES: G20-VLSFO Index Jumps to One-Week High Ship & Bunker’s G20-VLSFO Index gained $3.50/mt to the highest level since November 12 on Tuesday. Go to ship&bunker

Japan Engine Corporation to Test Ammonia-Fuelled Engine on Ship Next Year The firm completed land-based tests on the engine in September, confirming NOx emissions can be kept at a very low level. Go to ship&bunker

Oil Unchanged As Putin Lowers Threshold For A Nuclear Strike Meanwhile, Bloomberg challenges IEA’s assertion of bearish demand next year. Go to ship&bunker

VPS Partners With Veracity on MRV Reporting for Offshore Segment The partnership will allow for validated and checked operational MRV data from VPS’s Maress system to be transferred to the Veracity data platform. Go to ship&bunker

Hong Kong Launches Green Bunkering Plan As part of the plan, Hong Kong plans to carry out a pilot ship-to-ship LNG bunkering demonstration in the first half of 2025. Go to ship&bunker

Chimbusco Pan Nation Signs Hong Kong Methanol Distrubution Deal The firm has signed a memorandum of understanding with the Hong Kong and China Gas Company (Towngas) on green methanol distribution in Hong Kong. Go to ship&bunker

BUNKER PRICES: G20-VLSFO Index Holds Steady as Crude Jumps Ship & Bunker’s G20-VLSFO Index of prices across 20 leading bunkering ports was little changed at $582.50/mt on Monday, having reached the lowest level since May 2023 in the previous trading session. Go to ship&bunker

Biden-backed Escalation of Russia/Ukraine War Causes 3% Jump In Oil Meanwhile, it’s unclear when Equinor’s Johan Sverdrup oilfield will resume output. Go to ship&bunker

Maersk Completes First Containership Methanol Retrofit The retrofit of the Maersk Halifax to dual-fuel methanol propulsion was carried out over 88 days at the Zhoushan Xinya Shipyard in China. Go to ship&bunker

China’s President Xi Opens New Port in Peru A new railway is expected to be built from neighbouring Brazil to take Brazilian exports including soybeans and iron ore to the new port. Go to ship&bunker

BUNKER PRICES: G20-VLSFO Index Drops to 18-Month Low Ship & Bunker’s G20-VLSFO Index lost $1.50/mt to the lowest level since May 2023 on Friday. Go to ship&bunker

UK Reports New Ship Attack in Red Sea The ship came under attack about 25 nautical miles west of Al Mukha at 4:13 PM UTC on Sunday. Go to ship&bunker

BUNKER JOBS: New Sea Generation Seeks Trader in Italy The company is looking for candidates with strong experience in bunker trading, an existing portfolio and excellent English. Go to ship&bunker

China Refinery Reductions Contribute To A 5% Weekly Loss For Oil Analysts also fear the Fed won’t cut rates in December. Go to ship&bunker

Hapag-Lloyd Bunker Consumption Jumps by 17.5% in First Nine Months of 2024 The firm’s January-September bunker consumption totaled 3.5 million mt, up from 3 million mt a year earlier. Go to ship&bunker

One Month Left to Apply for IBIA Board Election IBIA is holding an election for two board seats to replace members whose term ends in March 2025. Go to ship&bunker

China Seeks to Develop 1 Million Mt/Year Alternative Bunker Market in Shanghai China is targeting low-carbon bunker supply of at least 1 million mt/year in Shanghai by 2030. Go to ship&bunker

COSCO Ammonia-Fuelled Gas Carrier Design Wins Classification Society Approvals The development of the 50,000 m3 dual-fuelled ammonia/LPG carrier design means the company now has involvement in LNG, methanol and ammonia as alternative bunker fuels. Go to ship&bunker

BUNKER JOBS: Kpler Seeks Fuel Oil Analyst in Singapore The company is looking for candidates with one to two years of experience as a refined products analyst or with a background in bunker, shipping or trading operations. Go to ship&bunker

New Monjasa Tanker Completes First Supply Operation The MT Stenheim supplied a Teekay tanker with marine fuels in the Galveston Offshore Lightering Area earlier this week. Go to ship&bunker

BUNKER JOBS: Asmira Group Seeks Bunker Trading Manager in Istanbul The company is looking for candidates with at least five years of experience in derivatives trading and fluent English. Go to ship&bunker

Crude Flat On Speculation That China’s Oil Demand May Have Peaked The IEA says China’s post-Covid pent-up demand now complete. Go to ship&bunker

Weekly Vessel Scrapping Report 2024: Week 45 Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue’s demolition sales from November 7 – November 13, 2024. Go to ship&bunker

Banking Group NatWest Bans WhatsApp for Business Use The concern is that WhatsApp and other services can be used for conversations without the normal scrutiny that would cover conversations over work email or similar monitored services. Go to ship&bunker

BUNKER PRICES: G20-VLSFO Index Drops to Two-Week Low Ship & Bunker’s G20-VLSFO Index lost $3/mt to the lowest level since October 29 on Wednesday. Go to ship&bunker

Oil Rangebound Despite Stock Draw And Iran Bracing For Trump Presidency A strong U.S. dollar capped gains on Wednesday. Go to ship&bunker

Korean Players, Liberian Registry to Develop Ship-to-Ship Ammonia Bunkering Guidelines Ammonia currently lacks relevant guidelines, highlighting the urgent need for the partnership’s research, the group says. Go to ship&bunker

LNG Bunkering Standards Could Help Fast-track Liquid Hydrogen Bunkering “What I like about LH2 fueling is that it will follow the same IGF Code that applies to cryogenic LNG fueling of ships in the US,” says SWITCH Maritime CEO. Go to ship&bunker

UECC Orders LNG Multi-Fuel, Battery Hybrid PCTCs Order comprisees two firm vessels scheduled for delivery in 2028, with options for two more units. Go to ship&bunker

Oil Maintains Its Lows As OPEC Again Downgrades Global Demand Growth Meanwhile, the bulls may be galvanized by Trump’s expected pressure against Iran. Go to ship&bunker

Canada Announces $30M Funding for Electrification of Cargo Ships, Shore Power Projects Funds allocated to three ‘green shipping’ projects based in Quebec. Go to ship&bunker

Peninsula Committed to Supply of Conventional Fuels Ahead of Evolving Alternative Fuels Market Bassadone’s HTM has ordered up to 10 more tankers capable of supplying 100% biofuel and all forms of methanol. Go to ship&bunker

Höegh Autoliners, Fortescue Back Green Ammonia as the Only Bunker Fuel for Shipping Emissions Reduction Other transition fuels “are just a distraction,” says Mark Hutchinsonm CEO of Fortescue Energy. Go to ship&bunker

Oil Plummets 3% On China’s Woes, But Global Demand Decline Refuted By Analyst EV issues will reportedly keep oil demand healthy beyond 2030. Go to ship&bunker

Nassau Cruise Port to Build LNG Shore Power System INOX India has won a contract for the project it hopes can serve as a blueprint for similar systems across The Bahamas. Go to ship&bunker

OFAC Issues New Sanctions Guidance for Maritime Shipping Industry OFAC says efforts to evade sanctions are becoming increasingly sophisticated. Go to ship&bunker

Shipergy Receives ISCC Biofuel Bunker Supply Certification ISCC ensures any biofuel bunkers being sold meet essential criteria. Go to ship&bunker

VPS Hires New General Manager – Middle East and Africa Dirk de Bruyn joins the Maritime Decarbonisation Advisory Services company to advance VPS’s business within the region. Go to ship&bunker

BUNKER JOBS: VPS Seeks Bunker Surveyor in Netherlands The company is looking for candidates with proven bunker surveying experience and fluent English and Dutch. Go to ship&bunker

FEATURE: Should Bunker Firms be Wary Over Use of WhatsApp in Deals? Ship & Bunker explores whether legal and compliance concerns are starting to outweigh the apps’ unquestioned convince. Go to ship&bunker

Oil Dips On Disappointing China Stimulus and Waning Hurricane Meanwhile, analysts continue to debate what impact Trump will have on the energy sector. Go to ship&bunker

IBIA CONVENTION: New ECA May Present ‘Huge Opportunity’ for Alt Fuels in Med The combination of the Med ECA with European regulations on GHG emissions from shipping could deliver a significant stimulus to alternative fuel supply in the region, according to 2050 Marine Energy. Go to ship&bunker

Multi-point Shore Power to Start at Portsmouth Next Year Cold ironing facility will be able to accomodate three vessels at the same time. Go to ship&bunker

Singapore Firms Sign MOU to Promote Methanol Focus of agreement includes FuelEU Maritime compliance pooling, green methanol storage and distribution, and exploration of advanced alternative marine fuels. Go to ship&bunker

Egypt: Oil From Stricken Tanker Offloaded at Suez Ship was attacked by Houthi rebels earlier this year sparking fears of environmental pollution. Go to ship&bunker

IBIA CONVENTION: Bunker Quality Experts Warn of ‘Interesting Times’ With Biofuels A panel of bunker quality experts from testing firms, major suppliers and elsewhere discussed the state of the market at the IBIA Annual Convention 2024 in Athens on Thursday. Go to ship&bunker

IBIA CONVENTION: Titan Projects Bio-LNG Demand About to Take Off The company is now selling about 1,000 mt per month of bio-LNG, Titan CEO Niels Alexander den Nijs tells Ship & Bunker. Go to Source

Weekly Vessel Scrapping Report 2024: Week 44 Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue’s demolition sales from October 31 – November 6, 2024. Go to Source

Michael Stig Nielsen to Step Down as Sonan Bunkers Chief Commercial Officer The move is because of ‘internal differences of opinion’, a Sonan Bunkers representative tells Ship & Bunker. Go to Source

IBIA CONVENTION: Greece Calls for Maritime Carbon Costs to Be Reinvested Into Green Shipping Christos Stylianides, Greece’s minister for maritime affairs and insular policy, delivered a keynote speech at the IBIA Annual Convention 2024 in Athens on Wednesday. Go to Source

Hapag-Lloyd Takes on Bio-ULSFO Blend from ExxonMobil at Antwerp Exxon’s biofuel bunker range now includes a B25-ULSFO blend, a B30-VLSFO, a B7-MGO and a B10-HSFO. Go to Source