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11
Dec

GLOBAL: Car carrier markets at ‘all-time highs’ with charter rates up 10% y-o-y, says Clarksons

While the car carrier segment remains very buoyant, new research from Clarksons indicates that the financial implications for the sector’s inclusion in the EU Emissions Trading System (ETS) could total ~$300 million in 2024, increasing to ~$750 million in 2026, based on current carbon costs.

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11
Dec

BUNKER HUB PRICE WATCH: Rotterdam

High sulphur fuel oil (HSFO), very low sulphur fuel oil (VLSFO) and low sulphur marine gasoil (LSMGO) prices decreased week-on-week at the Port of Rotterdam, according to Bunkerspot Price Index (BPi) data.

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11
Dec

EUROPE: Erik Thun opts for Berg Propulsion tech for newbuilds

Swedish shipowner Erik Thun has chosen Berg Propulsion’s Dynamic Drive technology to optimise efficiency onboard its 10 latest newbuilds.

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11
Dec

GLOBAL: Shipping must prioritise safety as a ‘non-negotiable boundary condition’ in its energy transition, says ABS’ Wiernicki

Addressing industry leaders at COP 28 in Dubai, ABS Chairman and CEO Christopher J. Wiernicki emphasised the pivotal role of safety in shipping’s decarbonisation, describing it as ‘a catalyst for change, propelling us toward innovative solutions and practices that align with our commitment to a greener future.’

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11
Dec

AMERICAS: Port of San Diego expanding shore power capability

The Port of San Diego has announced it is adding more shore power connectivity at its B Street cruise ship terminal.

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11
Dec

MIDDLE EAST: Drydocks World launching hybrid-battery retrofit scheme for small vessels

Drydocks World, a DP World company, is retrofitting one of its own harbour tugs with battery technology and, once complete, it will explore opportunities to retrofit yachts and leisure craft, using its shipbuilding and fabrication infrastructure at Mina Rashid in Dubai.

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11
Dec

GLOBAL: Maritime law firms rebrand as Shearwater Law

Thomas Miller Law and Davies Johnson have announced a new brand identity and name, Shearwater Law.

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11
Dec

GLOBAL: Fincantieri to design, build hybrid cable-laying and construction vessel

Fincantieri Group subsidiary Vard has signed a contract for the design and construction of a highly customised hybrid power cable-laying and construction vessel with Japan’s Toyo Construction.

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11
Dec

AMERICAS: Renewable fuel legislation introduced in the US 

U.S. Representatives Mariannette Miller-Meeks and John Garamendi have introduced the ‘Renewable Fuel for Ocean-Going Vessels Act.’

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11
Dec

EUROPE: Torqeedo joins Smart & Green Ship research project

Torqeedo has announced it will be providing the drive system for the Smart & Green Ship project, which is an initiative launched by University of Duisburg-Essen (UDE) and the Development Centre for Ship Technology and Transport Systems e. V. (DST) to research automation and emission-free drive systems for autonomous inland shipping.

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11
Dec

GLOBAL: Avenir LNG appoints new MD

Avenir LNG has announced it has appointed Jonathan Quinn as its new Managing Director.

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08
Dec

EUROPE: VTTI and Höegh LNG to jointly develop Dutch energy terminal

VTTI and Höegh LNG have signed an agreement to jointly explore options to develop and operate the Zeeland Energy Terminal, based on a floating storage regasification unit (FSRU), which will over time move from importing LNG to hydrogen.

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08
Dec

GLOBAL: GTT and CSSC strike wide-ranging cooperation agreement

Membrane containment system specialist GTT and China State Shipbuilding Corporation Limited (CSSC) have signed a strategic cooperation agreement during this week’s Marintec China international trade fair which includes ship design and construction, cryogenic containment technologies for LNG shipping, LNG as fuel and smart shipping solutions.

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Bunker Prices - 11/12/2023

LOCATION

380

MGO

VLSFO

Buenos Aires

1086

587

Busan

468

749

625

Durban

1045

685

Fujairah

402

895

594

Gibraltar

504

830

580

Hong Kong

463

747

623

Houston

490

732

552

Istanbul

660

880

700

Las Palmas

509

845

595

Los Angeles

476

949

695

Malta (off)

520

795

575

Mumbai

632

1215

700

New York

533

879

580

Panama Canal

492

776

580

Piraeus

466

784

605

Rotterdam

442

745

537

Santos

1006

580

Shanghai

474

817

630

Singapore

440

742

602

St. Petersburg

420

750

570

Suez

610

1190

692

Tokyo

522

892

630

Bunkerspot Price Index

bpi Small