World News

May, 2024
Date	Headline	Image
Wed15May	Hapag-Lloyd Bunker Consumption Gains 12.6% on Year on Red Sea Diversions The company consumed a total of 1.2 million mt of fuel in the first three months of 2024, up by 12.6% from the same period a year earlier.
Tue14May	PROMOTED: Track Commodity Trade Flows Even During Volatile Times Hidden trade flows, unexpected global market events, geopolitics, and regulations can instantly affect trade flows and market fundamentals.
Tue14May	Report Sees Zero-Emission Marine Fuels Creating 4 Million Jobs by 2050 The report sees the jobs emerging in renewable energy generation, hydrogen production and e-fuel production.
Tue14May	StormGeo Teams Up With ClassNK on Marine Emissions Data Under the deal users of StormGeo's s-Insight platform will be able to share their validated emissions data to ClassNK via API.
Tue14May	BUNKER PRICES: G20-VLSFO Index Drops for First in Three Sessions Ship & Bunker's G20-VLSFO Index fell by $5.50/mt to $640/mt on Monday, reaching the lowest level since May 8.
Tue14May	138-Year-Old German Passenger Vessel Converted to Electric Power Engineering firm Torqeedo has retrofitted the Kaiser Friedrich, built in 1886, with twin Deep Blue 50i motors and a 400 kWh Deep Blue battery bank.
Tue14May	Norwegian Firms Plan Hydrogen-Fuelled Dry Bulk Carriers The three companies have signed cooperation agreements setting out plans to develop, build and operate bulkers running on hydrogen.
Mon13May	Oil Up On Renewed Demand Confidence, But Caution Prevails Trading has been influenced by arguably misplaced hopes and expectations.
Mon13May	BUNKER PRICES: G20-VLSFO Index Rises to Four-Day High Ship & Bunker's G20-VLSFO Index rose to the highest level since May 6 on Friday.
Fri10May	Higher For Longer Bank Rates Dismay Traders, Oil Sheds Over 1% Meanwhile, China is scheduled to reduce purchases of Saudi crude.

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16May

1Oilmar Bunker Sales Reach 1 Million Mt/Year

The company is targeting 30-50% growth from this level of traded volumes in 2024, and in Q1 already saw 35% growth from the same period a year earlier, an Oilmar representative tells Ship & Bunker.
16May

2Container Lines Count the Cost of EU-ETS Compliance

The first real data are starting to emerge on the cost paid by the container industry for shipping's inclusion in the European Union's emissions trading system.
16May

3Bunker Holding Launches Carbon Insetting

The firm has completed its first blockchain-enabled carbon insetting operation in partnership with 123Carbon and Bureau Veritas.
16May

4ISO 8217:2024 - Publication of New Bunker Fuel Specs With VLSFO and Biofuel Grades Is Imminent

The ISO 8217 specifications last had a new full version published in 2017.
16May

5Banle Energy Makes First Bunker Sale in Mauritius

The firm made its first sale in Port Louis -- also its first entry into Africa -- on May 13.
17May

6Oilmar Hires Marine Fuels Trader in Greece

The new hire had previously served as a bunker trader for 24/7 Bunkers in London.
14May

7NTSB All But Rules Out Bad Bunker Fuel as Cause of Dali Collision with Baltimore Bridge

Preliminary report did not draw any final conclusions on what caused the incident, but "test results did not identify any concerns related to the quality of the fuel."
17May

8INSIGHT: RFNBOs as a Long-Term Compliance Option

Sooner or later, the shipping industry will need to be using synthetic LNG, synthetic methanol or synthetic ammonia as its primary energy source.
17May

9BUNKER JOBS: Oil Firm Seeks Bunker Trading Team Leader in Dubai

The company is looking for candidates with at least ten years of experience in bunker trading, as well as a robust and adaptable customer portfolio.
13May

10Monjasa Adds HSFO Capacity in UK in Response to Rising Demand

Rising HSFO demand has prompted Monjasa to dedicate more delivery capacity to it, NWE Trading Director Jeppe Hjort Ebbesen tells Ship & Bunker.

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