World News

Industry Insight: Analysing the BIMCO Bunker Contract

Even if suppliers don't agree to the BIMCO contract, it's content can be very useful to highlight where the risk lies for ship owners and operators, writes BunkerEx CEO Ishaan Hemnani.

9 Jan 2018

OPEC To Stay in the Game in 2018, Won't React to Short Term Disruptions

Most arguments seeing the cartel quitting its cutback deal are flawed, says analyst.

8 Jan 2018

More Crude Gains Mean Little for Canada and May Herald a 10-15 Percent Correction

Commerzbank says fundamentals don't support the current degree of trading strength.

8 Jan 2018

Deltamarin and GTT Cooperate on LNG-Powered Ship Designs for Long Ocean Voyages

The portfolio of cargo and passenger vessels is said to use membrane tanks to optimise cargo space compared to conventional cylindrical-type LNG tank solutions.

8 Jan 2018

Endofa Drops Trading to Focus on Physical Supply

Citing 'razor thin' trading margins, firm tells Ship and Bunker.

8 Jan 2018

Geos Group Takes on Road Tanker Deliveries of MGO at Port of Blyth

The company acquired the new delivery operations from Phillips 66.

8 Jan 2018

Choices Will Have to be Made on Where HSFO Supply Continues After 2020: Total

Rationalization of supply likely outside of the big hubs, Managing Director Olivier Jouny tells Ship & Bunker.

8 Jan 2018

TMS Cardiff Gas Places Order for Dual-Fuel LNG Carrier

The contract with HHI includes an option for a second vessel.

5 Jan 2018

Vard Inks Contract to Construct Boreal's All-Electric Newbuild

The ferry is slated for delivery in Q3 of 2019, and is intended to begin operations in Norway from January 2020.

5 Jan 2018

Stick to Slow-Steaming to Keep Shipping in Profit, Advises Bimco

Balanced shipping market fundamentals keep emphasis on cost control

5 Jan 2018

Crude Benchmarks Continue to Climb

Bunker prices were firm in the primary ports.

4 Jan 2018

LNG as a Marine Fuel – Tipping Points, Step Changes, Blizzards, and Snowballs

Today there are 119 LNG-powered vessels in operation with a further 125 on order, writes SEA\LNG's Stephen Cadden and Steve Esau.

4 Jan 2018

Weekly Vessel Scrapping Report: 2018 Week 1

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from December 21 2017 – January 03, 2018.

4 Jan 2018

OPEC Compliance On Track, But Anaylst Worries That the Cuts May Now Be Too Much

John Kemp sees trouble in record longs combined with U.S. shale galvanized by the higher prices generated by OPEC.

3 Jan 2018

LNG Shipping Market Will be Short of Capacity by 2020: GasLog

The LNG carrier owner/operator has placed a dual-fuel newbuild order it expects to deliver into a strong LNG shipping market in the third quarter of 2019.

3 Jan 2018

Bunker Consumption Failing to Keep Pace With Rising Demand for Shipping

ICCT says from 2013 to 2015 bunker consumption rose 2.4% compared to a 7% increase in demand for shipping transport work.

3 Jan 2018

Aegean Shareholder Group Presses Ahead with Board Nomination Plans

"There's tremendous value in Aegean's network, which we believe is also particularly well placed to take advantage of ... IMO 2020," Tyler Baron tells Ship & Bunker.

3 Jan 2018

Industry Insight: The New Bunker Fuel Regulations - Some Thoughts

"Unless a solution is found, every year there will be a further accumulation of 200 million MT of HFO," Viswa Lab's Dr. R. Vis writes for Ship & Bunker.

3 Jan 2018

Trump Triggers More Fears About Geopolitical Tension Causing Price Disruptions, but Market Still Seems More Vulnerable to Overproduction

RBC Capital Markets continues to warn about rising tensions in the Middle East, Africa, and Venezuela.

2 Jan 2018

Irish Continental Group Opts for Scrubbers on Bunker-Saving Newbuild

The vessel is set to become the largest cruise ferry in the world in terms of vehicle capacity, says the company.

2 Jan 2018