World News

Preliminary Data Suggests 10% YoY Container Traffic Growth in 2017's Q1: Drewry

The increase is said to come largely on the back of unexpectedly strong demand growth, particularly in the Greater China region.

15 May 2017

IMO Regs to Drive Future Ship Efficiency Gains, Says IMO Marine Environment Director

The comments by Stefan Micallef, Director of IMO's Marine Environment Division, came last week at the 2017 Propulsion and Emissions conference.

15 May 2017

Saudi Arabia Becomes Latest State to Ratify BWM Treaty

The number of contracting parties to the BWM Convention currently sits at 55, accounting for 53.67 percent of the world merchant shipping tonnage.

15 May 2017

IMO Launches Website for Global Maritime Technology Cooperation Centre Network

The website is intended to provide news and information about a major project to support low-carbon shipping.

15 May 2017

ClassNK Adds New Bunker Fuel Oil Analysis Service

The service has been officially launched by ClassNK's subsidiary, ClassNK Consulting Service.

15 May 2017

Growth Is on the Agenda, Says UK-Based Supplier

Recent restructuring efforts by some players has meant increased competition in some markets and a reduction in service in others, MD Owen Webber tells Ship & Bunker.

15 May 2017

Claims Continue to Roll In Against Bulker Arrested Over Unpaid OW Bunker Bill

Claims against the Infinity have now reached more than $5 million - far exceeding the estimated value of the ship itself.

12 May 2017

Norwegian Cruise Line Sees 3.4% Bunker Price Increase in 2017's Q1

NCLH reports a fuel expense of $88.9 million for Q1, and expects fuel consumption to reach 185,000 mt in Q2.

12 May 2017

Hapag-Lloyd Reports Positive Q1 Operating Result Despite "Sharp Increase" in Bunker Prices

Hapag-Lloyd says 2017's Q1 "was noticeably affected by ongoing bunker price increases."

12 May 2017

Oldendorff Carriers Appoints Verifavia to Ensure Fleet Compliance Under EU MRV Regs

"Verifavia is now exceeding 300 ships under contract for EU MRV verification and assessment," notes Julien Dufour, CEO of Verifavia Shipping.

12 May 2017

Vitol: Oil Glut Drawdown has Yet to Materialize, US Shale Growing Faster Than Forecast

Vitol's remarks accompany the Saudis and other nations boosting output.

12 May 2017

Latest Rally Means Nothing, Oil Will Soon Drop to the Low $30s despite OPEC Extension: Analyst

Meanwhile, other experts take solace in more OPEC countries declaring their support for an extension.

12 May 2017

CEO Changes at Glander International Bunkering, Dan Bunkering, and KPI Bridge Oil

No official announcement has yet been made on the changes.

11 May 2017

Weekly Vessel Scrapping Report: 2017 Week 17

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from May 4 – May 10, 2017.

11 May 2017

KDU Appointed as Reseller for GE's Bunker-Saving SeaStream and SeaLyte DP Systems

KDU will have reselling rights of the GE products in the UAE and Middle East, including Saudi Arabia.

11 May 2017

Shipping Industry Outlook Appears Stable: Moody's

Moody's suggests that the operating environment has bottomed out, and earnings are now set to remain stable, but low in 2017.

11 May 2017

ECA Operator Tallink Cites Higher Bunker Costs for Profitability Decrease in 2017's Q1

Tallink has reported an unaudited Q1 net loss of €20.3 million ($22.07 million).

11 May 2017

DBS Inks EU MRV Agreement with Interorient Shipmanagement

DBS will act as the Verification Body for Interorient Shipmanagement, assessing monitoring plans and verifying annual emissions reports of the company's fleet.

11 May 2017

Maersk Line Slumps to Q1 Loss as Rising Bunker Costs Outpace Freight Rate Gains

"Focus on cost efficiency across all businesses remains high," noted Maersk in its interim financial report for 2017's Q1.

11 May 2017

Shipping Industry Organisations Call on IMO for Comprehensive GHG Strategy for Shipping

The primary focus of the proposed strategy would be to provide "tangible outputs to guide near- and long-term action and investments."

11 May 2017