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The Weekly MABUX Bunker Index

Renewable fuels could cut up to 80% of shipping emissions by 2050

A new report conducted by the International Renewable Energy Agency (IRENA) has shown that a rapid replacement of fossil fuels with renewable fuels based...

Pacific Island Countries ask IMO to foster decarbonisation

Pacific Island Countries are calling on the International Maritime Organisation (IMO) to fully decarbonise the shipping industry by 2050 and to impose a carbon...

Fuel prices continue upward evolution

The Marine Bunker Exchange (MABUX) World Bunker Index on week 39 showed a strong upward trend, with the 380 HSFO Index rising to US$494.86/MT,...

MABUX reports slight growth in fuel prices

A new study by the American Bureau of Shipping (ABS) has shown that a new-build, dual-fuel gas carrier vessel generates lower CO2 emissions over...

Lloyd’s Register calls for immediate action on maritime decarbonisation

A new report from the technical and business services organisation Lloyd's Register (LR) has called for "immediate action on maritime decarbonisation" in order to...

Bunker volumes in US crucial markets still recover from Covid-19

The International Bunker Industry Association’s (IBIA) Bunkering and Shipping in Transition online conference has reported that bunker volumes in key markets of the United...

71% of 2021 newbuild boxships to be scrubber-fitted

Baltic and International Maritime Council (BIMCO) reported that 71% of the year-to-date ordered container ships, and particularly 117 out of 168 with a capacity of...

ECSA against the EU’s proposed Paris Agreement

European Community Shipowners’ Associations (ECSA), which promotes the interests of 20 shipping associations across the European Union, the United Kingdom and Norway, is among those...

ISO to launch a new standard for shipping logging system

The International Organisation for Standardisation (ISO) has published a new standard, ISO 24060, for a ship software logging system to be used for operational...

LNG-fuelled vessel orders are growing

The LNG-fuelled vessel order book continues to build this year with 21 ships booked in July, which is currently the monthly average for orders...

European Union approves decarbonisation projects

The European Union (EU) has given the green light for a US$138.86 (€118) million investment from the Innovation Fund to be allocated across 32...

German environmental group sees high potential in ammonia as a marine fuel

Ammonia as a marine fuel has a high potential for climate protection if nitrous oxide generated during the combustion is eliminated, according to a...

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Far East–East Coast South America trade sees capacity surge

As of June, the Far East–East Coast South America trade corridor is served by nine regular services, up from six a year ago, according...

ICS announces new leadership and strategic focus amid global maritime challenges

At its Annual General Meeting and Board Meeting in Athens, Greece, opened by Vassilis Kikilias, Greece’s Minister of Maritime Affairs and Insular Policy, the...

Feederlines DMCC adjusts intra-Asia service

Feederlines DMCC has revised the port coverage of its FAX service, which connects Southeast Asia with the Middle East and Indian Subcontinent on a...

ZIM updates Far East–Mediterranean service

ZIM has announced a revision to its Mediterranean Premium Service, which connects the Far East with the Mediterranean. The Israeli ocean carrier has removed the...

Ocean Alliance adds Yangpu port to East-West route

The ECX1/AWE4 service, operated by CMA CGM, Evregreen, COSCO and OOCL, as part of the Ocean Alliance's network, has been expanded with the addition...
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