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Maltese Bunker Company Wins $1.23 Million Case in Civil Court
Maltese Bunker Company Wins $1.23 Million Case in Civil Court
The case comes after Island Bunker Oils Ltd filed a claim for damages related MOBC's inability to honour a storage agreement between the two parties.
5 May 2017
NKT's New Bunker-Saving Cable-Laying Vessel to Utilise Shore Power
NKT's New Bunker-Saving Cable-Laying Vessel to Utilise Shore Power
NKT Victoria is noted to use a power-from-shore solution together with onboard energy storage systems.
5 May 2017
Maersk Formally Ends Quadrise MSAR Fuel Trial
Maersk Formally Ends Quadrise MSAR Fuel Trial
Maersk Line is said to have formally notified Quadrise of its intention to achieve compliance with 2020's 0.50 percent sulfur cap by using compliant fuel.
5 May 2017
Brent Back Under $50 as Crude Slumps on OPEC Comments
Brent Back Under $50 as Crude Slumps on OPEC Comments
Bunker prices were softer today in all major ports.
4 May 2017
Weekly Vessel Scrapping Report: 2017 Week 16
Weekly Vessel Scrapping Report: 2017 Week 16
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 27 – May 3, 2017.
4 May 2017
Vladivostok Sees Bunker Sales Grow 57% YoY, but They're Still a Fraction of 2015 Volumes
Vladivostok Sees Bunker Sales Grow 57% YoY, but They're Still a Fraction of 2015 Volumes
Total bunker sales at the port of Vladivostok and its offshore terminals was 211,900 tonnes in the January-April 2017 period.
4 May 2017
Small Gains for Crude After a Day of Choppy Trading
Small Gains for Crude After a Day of Choppy Trading
Bunker prices were stable in the primary ports.
3 May 2017
ICS Highlights Shipping's Tightening Environmental Regs in Latest Annual Report
ICS Highlights Shipping's Tightening Environmental Regs in Latest Annual Report
The report discusses a number of issues including the expected implications of a global 0.50 percent cap on sulfur in bunkers in 2020.
3 May 2017
ECSA Secretary General to Relinquish Role
ECSA Secretary General to Relinquish Role
Patrick Verhoeven will leave ECSA on September 1 to become Managing Director Policy and Strategy at IAPH.
3 May 2017
Crude Prices Drop Again on Tuesday, but UAE Says OPEC Cutback Extension Will Bring Market Closer to Rebalance
Crude Prices Drop Again on Tuesday, but UAE Says OPEC Cutback Extension Will Bring Market Closer to Rebalance
The UAE believes increased demand will also help alleviate the glut in the latter half of 2017.
3 May 2017
2020 Bunkers Regs to Drive Uptick in Product Tanker Demand: Gibson
2020 Bunkers Regs to Drive Uptick in Product Tanker Demand: Gibson
Gibson says 2020 offers the potential for strong growth for the clean tanker market, "whilst dirty product tankers face a more uncertain path."
3 May 2017
World Fuel Services' Bunker Business Has A "Long-Term Role Within the Portfolio"
World Fuel Services' Bunker Business Has A "Long-Term Role Within the Portfolio"
"It's not going to go away," CEO Michael Kasbar says of marine.
3 May 2017
Coalition of Pacific Island and European Countries to Urge IMO Shipping Climate Deal
Coalition of Pacific Island and European Countries to Urge IMO Shipping Climate Deal
The group, known as the "High Ambition Coalition for shipping," includes the Marshall Islands, Tuvalu, Tonga, Germany, France, and Denmark.
2 May 2017
Pavilion Energy Delivers Singapore's First LNG Bunkering Demonstration
Pavilion Energy Delivers Singapore's First LNG Bunkering Demonstration
Koh Poh Koon, Senior Minister of State for Trade and Industry, said at the event that Singapore is on course to be "LNG bunker-ready" by as soon as 2020.
2 May 2017
Monday Crude Losses and Output Surges Underscores FGE Head Calling for OPEC Cutback Extension - to the End of 2018
Monday Crude Losses and Output Surges Underscores FGE Head Calling for OPEC Cutback Extension - to the End of 2018
Analysts say U.S. output surge alone threatens to cause further market losses.
2 May 2017
Chevron: US Shale Not Enough to Satisfy World's Hunger for Crude
Chevron: US Shale Not Enough to Satisfy World's Hunger for Crude
Meanwhile, the Saudis try to wrestle more share of the growing Asian market.
2 May 2017
Mass Flow Meter Malpractice? This is What We've Seen in Singapore and What You Can Do to Protect Yourself [Pictures]
Mass Flow Meter Malpractice? This is What We've Seen in Singapore and What You Can Do to Protect Yourself [Pictures]
Petro Inspect surveyors have seen barge setups where it would be possible to syphon bunkers back into the bunker barge after they have passed through the mass flow meter.
2 May 2017
World Fuel Services In "A Good Position to Deal With This Emerging New Marine Industry"
World Fuel Services In "A Good Position to Deal With This Emerging New Marine Industry"
"We're positioning ourselves really to be a technology company that just so happens to know a lot about fuel logistics," says CEO Michael Kasbar.
1 May 2017
Bearish Outlook Continues as Crude Makes Monthly Loss and US Shale Growth Offsets OPEC Cuts
Bearish Outlook Continues as Crude Makes Monthly Loss and US Shale Growth Offsets OPEC Cuts
One analyst predicts accelerated selling "below about $47 to $47.50."
1 May 2017
World Fuels Services 1Q 2017 Bunker Sales Volume Dips 11% on Reduction in "Low Margin, Low Return" Asia Activity
World Fuels Services 1Q 2017 Bunker Sales Volume Dips 11% on Reduction in "Low Margin, Low Return" Asia Activity
"Lower profits from the sale of price risk management products to our marine customers" also impacted the performance, CFO Ira Birns explains.
28 Apr 2017
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