Global Bunker Prices
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Retrofit of an 82,000 DWT bulk carrier for methanol dual-fuel capability

Retrofit of an 82,000 DWT bulk carrier for methanol dual-fuel capability

Retrofit of an 82,000 DWT bulk carrier for methanol dual-fuel capability
in
International Shipping News
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Shipping: Emission Possible
17/04/2026
The International Maritime Organization (IMO) aims to achieve net-zero greenhouse gas (GHG) emissions by 2050. While newbuilding vessels are an important piece of the puzzle, retrofitting existing ships to operate on alternative fuels will also play a significant role in reducing GHG emissions,2 especially considering the IMO’s current ambitions.
Bulk carriers account for 14% of the global merchant vessel fleet, with medium-sized vessels (60,000-99,000 DWT) comprising approximately 28% of the bulk carrier fleet. The Kamsarmax vessel is one of the largest vessels within this medium-sized category.

Sanctions have an impact on the Safety of STS Operations

Sanctions have an impact on the Safety of STS Operations

Sanctions have an impact on the Safety of STS Operations
in
International Shipping News
17/04/2026
The rise in Ship-to-Ship (STS) transfers of Russian oil products – driven by sanctions, seasonal ice conditions, and tanker shortages – has introduced a significantly higher safety risk profile that extends well beyond commercial considerations.
While STS operations provide a practical logistical solution, their expansion across multiple regions is increasing exposure to operational hazards and placing additional pressure on crews that work under complex and often less-than-ideal conditions. A growing share of these operations is now taking place in various alternative locations such as offshore Togo, Al Hoceima, and Port Said, where the required infrastructure and availability of good-quality STS Service providers do not exist.
Conducting STS operations in these locations raises several critical concerns, including:
● Lack of necessary safety resources
● Limited verified contingency arra

MABUX: Bunker Prices Could Keep Deflating Next Week

MABUX: Bunker Prices Could Keep Deflating Next Week

MABUX: Bunker Prices Could Keep Deflating Next Week
in
International Shipping News
17/04/2026
Since the announcement of the ceasefire in the Middle East on April 8, the global bunker market has entered a phase of temporary stabilization, accompanied by a moderate downward correction. By the end of the week, the 380 HSFO index declined by USD 14.86, falling from USD 771.58/MT to USD 756.72/MT. The VLSFO index dropped by a further USD 25.10, from USD 901.43/MT to USD 876.33/MT, breaking below the USD 900.00 threshold.

One Week Into the Ceasefire: A Maritime Intelligence Breakdown

One Week Into the Ceasefire: A Maritime Intelligence Breakdown

One Week Into the Ceasefire: A Maritime Intelligence Breakdown
in
International Shipping News
17/04/2026
One week after the ceasefire was announced, the maritime system has not returned to open navigation. Instead, the ceasefire has introduced a more complex operating environment, with continued vessel movement but no consistent framework for access or navigation.
In the immediate aftermath of the announcement, transit through the Strait of Hormuz continued, but only under the same IRGC-controlled structure that had been in place since mid-March. Routing remained confined to alternative corridors through or alongside Iranian territorial waters, approval was still required, and vessels were explicitly warned that unauthorized transit could be targeted.
As the week progressed, it became clear that this was not a reopening, but a supervised pause.

U.S. Coast Guard to Homeport First Two Arctic Security Cutters in Alaska

U.S. Coast Guard to Homeport First Two Arctic Security Cutters in Alaska

A rendering of a future Arctic Security Cutter awarded to Davie Defense, part of the U.S. Coast Guard’s expanded icebreaker fleet, operating in polar waters as Washington moves to close the U.S. Coast Guard to Homeport First Two Arctic Security Cutters in Alaska
Mike Schuler
Total Views: 1
April 16, 2026
The U.S.

Tankers: India Emerging As a Leading Market for Seaborne Crude Oil Imports

Tankers: India Emerging As a Leading Market for Seaborne Crude Oil Imports
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Hellenic Shipping News
17/04/2026
C
rude tankers carrying oil into India have been in high demand since the start of 2026. In its latest weekly report, shipbroker Banchero Costa said that “after a modest upturn in 2024, when global crude oil loadings increased by +0.8% y-o-y, things picked up further in 2025, with full-year volumes increasing by +2.0% y-o-y. In Jan-Feb 2026, global crude oil loadings increased by +6.3% y-o-y to 362.5 mln tonnes, excluding all cabotage trade, according to vessels tracking data from LSEG.

UN: Middle East conflict chokes end of supply chain as lights go out in the Pacific

UN: Middle East conflict chokes end of supply chain as lights go out in the Pacific
in
International Shipping News
17/04/2026
For Pacific Island countries, the Middle East crisis is not a distant geopolitical event. It is already showing up in higher fuel prices, electricity uncertainty and fears that communities sitting at the far end of global supply chains could be pushed into deeper economic insecurity.
“We are at the end of the supply chain,” Tuya Altangerel, a senior UN Development Programme (UNDP) official in the Pacific region, told UN News “so this energy crisis is really impacting our communities.”
With Fiji a significant hub in the Pacific Ocean, island nations that surround it extend thousands of miles into the world’s largest ocean, with the distance between some islands as much 3,000 miles.
Within this vast area, the isolation from the rest of the world is not only very challenging by also expensive.
From Fiji to Tuvalu, the Solomon Islands to the Marshall Islands, govern

Pakistan Oil Tanker Makes Rare Entry and Exit Through Hormuz

Pakistan Oil Tanker Makes Rare Entry and Exit Through Hormuz

FILE PHOTO: Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. REUTERS/Stringer//File Photo
Pakistan Oil Tanker Makes Rare Entry and Exit Through Hormuz
Bloomberg
Total Views: 0
April 17, 2026
By Weilun Soon
Apr 17, 2026 (Bloomberg) –A Pakistan-flagged tanker that entered the Persian Gulf over the weekend has become the first carrier to exit through the Strait of Hormuz with a crude cargo since a US blockade began on Monday, underscoring just how limited traffic through the vital chokepoint remains.
The
Shalamar
sailed just south of Iran’s Larak island and out into the Gulf of Oman late Thursday with around 450,000 barrels of crude loaded at Das Island in the United Arab Emirates, according to ship-tracking data. The Aframax tanker, only half full, is signaling Karachi as its destination.
Transits through the narrow

European Countries Have Capacity to Clear Mines in Hormuz, French Defence Minister Says

European Countries Have Capacity to Clear Mines in Hormuz, French Defence Minister Says

FILE PHOTO: A formation of Avenger-class mine countermeasure ships USS Devastator (MCM 6), USS Gladiator (MCM 11), USS Sentry (MCM 3), USS Dextrous (MCM 13), the Arleigh Burke-class guided missile destroyer USS Mason (DDG 87) and an MH-53E Sea Dragon helicopter assigned to the “Blackhawks” of Helicopter Mine Countermeasures Squadron (HSM) 15 maneuver in the Arabian Sea, July 6, 2019. Navy/Handout via REUTERS ATTENTION EDITORS- THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY./File Photo
European Countries Have Capacity to Clear Mines in Hormuz, French Defence Minister Says
Reuters
Total Views: 0
April 17, 2026
PARIS, April 17 (Reuters) – European countries such as Belgium, the Netherlands and France have mine clearance capacity which could help secure passage through the Strait of Hormuz, French Defence Minister Catherine Vautrin told French TV station TF1 on Friday.
“There are capabilities to provide fully supported escort services – that is to say, in no way offensive, of course – for s

Panama bunker sales climb in March

Panama bunker sales climb in March
in
International Shipping News
17/04/2026
Sales of VLSFO and LSMGO increased both on a total and daily average basis.
Changes in Panama bunker fuel sales from February to March:
• Total sales up 54,000 mt to 498,000 mt
• VLSFO sales up 42,000 mt to 320,000 mt
• LSMGO sales up 5,000 mt to 47,000 mt
• HSFO sales up 6,000 mt to 120,000 mt
• 0.5% MGO sales up 400 mt to 10,700 mt
Panama’s March sales have increased from February, with VLSFO driving most of the month-on-month growth, according to preliminary data from the Panama Maritime Authority.
VLSFO sales have risen by about 15% in March, while LSMGO volumes have increased by around 12%. HSFO sales have also edged higher, up by roughly 5% monthly.
Total sales have averaged about 16,100 mt/day in March, up from around 15,900 mt/day in February.
A total of 696 ships have bunkered at Panama’s ports in March, up from 609 ships in February, while the number of barges operating remains steady at 31.
The aver