Jan 6, 2025 · As the bunker industry enters 2025, the rapidly increasing complexity it faces is set to provide the greatest opportunities to its larger companies.. With each new year, the array of issues hitting the desks of the bunker industry's CEOs seems to grow wider. This year, regulations, sanctions and geopolitics, credit concerns and digitalisation will all bring their share of headaches to the ...

Jan 8, 2025 · The US Department of Defense (DoD) released an updated list of 'Chinese military companies' operating directly or indirectly in the US.. Container line COSCO has been added to the list, alongside Chinese shipyard China State Shipbuilding Corporation (CSSC) and offshore firm China National Offshore Oil Corporation (CNOOC), according to …

Jan 8, 2025 · Maritime services firm Svitzer expects battery power to become one of the dominant technologies used to decarbonise the tug segment.. The firm is targeting a 50% reduction in carbon intensity from 2020's levels by 2030, and net zero emissions by 2040, Kasper Karlsen, chief operating officer at Svitzer, said in an interview with Ship & Bunker.. The company has a total fleet of 450 vessels, of ...

Dec 11, 2024 · Bunker prices will be lower in 2025, but overall costs will rise for those operating within European waters, according to analysis by Ship & Bunker.. Based on the latest oil price outlook for 2025, next year the average VLSFO price across major bunkering ports will fall to $585/mt, down from an average of $630/mt witnessed over the first 11 months of 2024.

Jan 7, 2025 · An AP Moller-Maersk container ship has taken on methanol as a bunker fuel at the Chinese port of Yangshan at the start of the year.. Around 3,000 mt of green methanol was supplied to the Danish container line's dual-fuelled boxship Ane Maersk at Guandong Wharf in the Yangshan Port Area on January 1, Shanghai International Port Group (SIPG) said in statement on its website last week.

Jan 7, 2025 · British luxury car manufacturer Jaguar Land Rover (JLR) has joined vehicle carrier firm UECC's Sail for Change initiative using low-carbon liquefied biomethane (LBM) in maritime transport.. The inclusion of JLR brings the total to four vehicle manufacturers participating in the Sail for Change initiative launched last year, UECC said in a statement on its website on Monday.

Jan 10, 2025 · Dutch marine tech firm Value Maritime will retrofit a carbon capture system (CCS) on transport firm Samskip’s LNG-fuelled vessel Samskip Kvitbjorn.The Ro-Ro vessel operates on a fixed route from Rotterdam.. Value Maritime and its partners in the Maritime Efficient & Easy Carbon Capture (ME2CC) project have received funding from the Maritime Master Plan.

Jan 8, 2025 · Singapore-based ship builder PaxOcean has secured orders for two offshore construction vessels (OCVs) from an undisclosed European shipowner.. Both vessels will be methanol-ready, allowing for future upgrades to run on methanol, the company said on its website. The vessels are set to be delivered by 2027 and will be capable of handling a diverse range of offshore operations, including subsea ...

Latest World bunker prices, analysis, trends, and history.

Jan 9, 2025 · Bunker fuel prices advanced at ports around the world on Wednesday, with global average VLSFO prices jumping to the highest level in almost two months. Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $5.50/mt to $592.50/mt on Wednesday, reaching its highest level since November 11.. The G20-HSFO Index rose by $1.50/mt to $500.50/mt, while the G20-MGO Index ...