July, 2017
Date Headline Image
Thu13Jul
Weekly Vessel Scrapping Report: 2017 Week 26
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from July 6 – July 12, 2017.
 Weekly Vessel Scrapping Report: 2017 Week 26
Thu13Jul
Bunkers Found Leaking from Grounded Bulker in Mexico
The 71,665 DWT Los Llanitos ran aground on October 23, 2015 during Hurricane Patricia.
 Bunkers Found Leaking from Grounded Bulker in Mexico
Thu13Jul
Denmark Charges Lars Møller with Fraud in OW Bunker Collapse Case
The former CEO of OW Bunker's Singapore-based subsidiary Dynamic Oil Trading is alleged to have provided credit outside of his mandate, resulting in a charge of committing fraud of agent for more than DKK800 million.
 Denmark Charges Lars Møller with Fraud in OW Bunker Collapse Case
Thu13Jul
OPEC Output Increases Again, Spurring Renewed Calls for Counter-Actions
Experts are at odds whether deeper OPEC cuts would help or harm the market, however.
 OPEC Output Increases Again, Spurring Renewed Calls for Counter-Actions
Thu13Jul
Crude Climbs In Reaction to Stock Draw, But Continued Doldrums - and Maybe Even Sub-$40 Oil - Lie Ahead
Once again, analysts point to the persistent global glut as the keystone reason for market woes.
 Crude Climbs In Reaction to Stock Draw, But Continued Doldrums - and Maybe Even Sub-$40 Oil - Lie Ahead
Wed12Jul
Costa Cruises Claims 3% YoY Reduction in Bunker Consumption for 2016
The results were presented in Costa Cruises' newest sustainability report.
 Costa Cruises Claims 3% YoY Reduction in Bunker Consumption for 2016
Wed12Jul
Gate Terminal Opens New LNG Loading Bays
Gate Terminal's new loading bays is expected to support LNG bunkering.
 Gate Terminal Opens New LNG Loading Bays
Wed12Jul
ECSA Hails "Important Progress" on GHG Emissions at MEPC 71
"We are confident that IMO will now be able to deliver an ambitious strategy at the next IMO working group meeting," said ECSA's Patrick Verhoeven.
 ECSA Hails "Important Progress" on GHG Emissions at MEPC 71
Wed12Jul
Panamax Bulker Arrested in Singapore
The 79,400 DWT Zhen Bang was detailed following action taken by local law firm Resource Law LLC.
 Panamax Bulker Arrested in Singapore
Wed12Jul
Investigation Launched into Possible ARA Bunker Cartel
The Netherlands Authority for Consumers and Markets says several companies may have carried out illegal price-fixing agreements.
 Investigation Launched into Possible ARA Bunker Cartel