World News

Rolls-Royce Signs "Groundbreaking" Service Agreement for Nor Lines' LNG-Powered Vessels

In addition to the "Power-by-the-Hour" service agreement, Nor Lines has also ordered the Energy Management System to log energy consumption.

25 May 2017

Know Your Counter Party: KPI Bridge Oil

"While KPI Bridge Oil is a well-known bunkering company, many do not know how it came into its current form," Brian Coyne, Managing Director, KPI Bridge Oil Americas, tells Ship & Bunker.

25 May 2017

Aegean Warns Tough Market Conditions Set to Continue as Shares Slump 38%

"The global bunker industry faces significant competition in a market saturated with back to back trading entities," says Aegean President E. Nikolas Tavlarios.

25 May 2017

OPEC's Cutback Efficacy Questioned Prior to Vienna, Analyst Describes Its Medium Term Pricing Power as "Zero"

However, other analysts say at least the cartel won't be harmed by the proposed sale of U.S. reserves.

25 May 2017

Crude Prices Dip Despite "Almost Certain" Oil Cuts Extension

One analyst warns that further market disappointments may occur later this week.

24 May 2017

IEA: Shipping "Not on Track" for 2025 Emission Reduction Targets

"Implementing IMO's final GHG strategy only by 2023 will have very little impact on the possibility of meeting 2025 2DS targets," says IEA.

24 May 2017

Stolt-Nielsen Orders Two Small-Scale LNG Ships with Bunkering Capabilities

Stolt-Nielsen says the two vessels will also be able to operate on either diesel or LNG as fuel.

24 May 2017

Norway to Provide Financing for BWM and 2020 Retrofits

Export Credit Norway says as many as 60,000 vessels will need to be retrofitted scrubber systems by 2020 and ballast water treatment systems by 2021.

24 May 2017

Titan LNG Claims Doubled Speed for LNG Bunkering

Titan LNG says it bunkered the Fure West on Friday using equipment that draws the flow from two trucks into one bunkering hose, known as the T-piece.

24 May 2017

Scorpio Tankers Inks Merger Agreement with Navig8

The agreement will see Scorpio Tankers acquire Navig8's 27 operating product tankers.

24 May 2017

World's First LPG-Fuelled COGES Ferry Design Meets HAZID Requirements

Meeting HAZID requirements is a key milestone in ensuring the final success of the LPG COGES ferry design process, says GE.

24 May 2017

Aegean Q1 Revenue Doubles as Bunker Sales Volume Rises 5.6%

"Our results in the quarter were impacted by increased competition across operations and continued challenging market dynamics," says Aegean's President.

23 May 2017

World Fuel Services to Highlight Marine Fuel Issues at Nor-Shipping

Topics include MFMs in Singapore, 2020 global regulations, fuel and lube choices, and working with a strong counterparty within the marine environment.

23 May 2017

Oil Prices Rise as Talk of Longer, Deeper Cutback Consensus Grows

But at least one observer thinks Iraq could make an output cut extension difficult.

23 May 2017

Latest Arbitration Over Fuel Consumption Dispute Finds in Favour of MAN Refund to IM Skaugen

The tribunal found that MAN should pay a total of approximately €5.3 million, as well as around €1.4 million for IMS' legal and other costs.

22 May 2017

ITIC and ASG Announce New Wording for Surveyors' Indemnity

The wording relates to waivers and indemnity that surveyors must sign before given approval to board a vessel.

22 May 2017

SHI Takes Order for LNG Bunkering Vessel

The vessel is one of two 7,500 cbm LNG carriers being built for KOGAS as part of a new $100 million order.

22 May 2017

Monjasa: We Have Adjusted to the New Normal in Global Shipping

Monjasa positive on 2017 after a "very unsatisfying" 2016 result.

22 May 2017

Oil Storage Remains Full, Cutback Extension Won't Clear it Or Raise Prices: Analyst

Traders think the prospect of OPEC deepening its cuts is unlikely.

22 May 2017

Interim LONO on MSAR Emulsion Bunker Expected by Month's End, Says Quadrise

Quadrise says it has been informed by Maersk that Wärtsilä expects to deliver the Interim Letter of No Objection by the end of May 2017.

19 May 2017