World News

Average Oil Price Would be Same With or Without OPEC Deal, says Fesharaki

The FGE founder says prices for 2017 will be locked in a $50-$60 band.

25 Apr 2017

Tender: Upgrading Bunker Services at SOHAR Port and Freezone

SOHAR Port and Freezone invites qualified and experienced bunker providers.

24 Apr 2017

Shipowners "Struggling" to Understand Viability of Scrubber Tech: Scorpio Bulkers

The comments by Cameron Mackey, COO at Scorpio Bulkers, came during Scorpio Bulkers' Q1 2017 financial results conference call.

24 Apr 2017

Singapore Signs MoU for E-Certs with Denmark and Norway

The MoU will work to promote the adoption and of E-Certificates for the shipping community.

24 Apr 2017

Thun Tankers Places Order for Four Bunker-Saving Newbuilds

"Focus on energy efficiency, sustainability, new regulations and customers' needs has been key in the development process," said Gothia Tanker Alliance.

24 Apr 2017

Navios to Acquire Entire Fleet from Troubled Rickmers Maritime

Navios has announced that, subject to a number of conditions, it will acquire Rickmers Maritime's entire container fleet for approximately $113 million.

21 Apr 2017

SinoRiches Facing $1.71 Million in Claims from Bunker Supplier and Shipowner

One claim, filed in a New York court, alleges that SinoRiches failed to pay for the supply of 1,040 tonnes of bunkers delivered to the Kiran Istanbul in January.

21 Apr 2017

Titan LNG Inks LNG Bunker Supply Contract with AMS

The contract marks the first bunkering supply contract for the FlexFueler, Titan LNGs LNG bunkering pontoon.

21 Apr 2017

GAS Entec to Build LNG-Powered Reefer Carrier

GAS Entec says the vessel will be the world's first LNG-fuelled reefer carrier.

20 Apr 2017

Weekly Vessel Scrapping Report: 2017 Week 15

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 13 – April 19, 2017.

20 Apr 2017

PowerCell, Hexagon Composites, and Nel Embark on Hydrogen Projects JV Toward Zero-Emissions

The equally owned joint venture is set to initially focus on opportunities within the maritime and marine segments.

20 Apr 2017

Stena Bulk Holds Naming Ceremony for Latest Bunker-Saving Newbuild

The bunker-saving Stena Imagination is said to offer fuel consumption levels about 10-20 percent lower than that of equivalent vessels.

20 Apr 2017

U.S. Court Imposes $40 Million Penalty on Carnival's Princess Cruise Lines for Intentional Dumping

The court also ordered that $1 million be awarded to the British engineer who first reported the illegal discharges.

20 Apr 2017

NORDEN Joins Trident Alliance to Support Push for Fair Implementation of Sulfur Regs

Nicolai Bro Jöhncke of NORDEN says "the added cost of the sulfur regulation will be significant and without robust enforcement."

19 Apr 2017

Two Torghatten Nord Hybrid Gas-Electric Ferries to Feature MAN Cryo Fuel Gas Supply Systems

MAN Cryo has signed a contract with the Vard for the supply the fuel-gas supply system to the two vessels.

19 Apr 2017

DNV GL Receives EU MRV Accreditation from DAkkS

DNV GL has gained the accreditation from Germany's DAkkS to verify compliance with the EU MRV regulation.

19 Apr 2017

Citi Joins the Oil Bulls as Saudi Oil Exports Drop to 2015 Lows

But Commerzbank warns that the oil price war is far from over.

19 Apr 2017

Wärtsilä to Provide Propulsion for "World's First" LNG-Fuelled Offshore Construction Vessel

The vessel will be powered by four 9-cylinder Wärtsilä 46DF dual-fuel electric propulsion engines, as well as two 6-cylinder Wärtsilä 20DF dual-fuel engines.

18 Apr 2017

Yara Marine to Supply Scrubbers to Two Toll Shipping RoRos

The first of the two vessels, which has work already underway, is expected to be delivered in 2018.

18 Apr 2017

Saudis Now Say Too Early to Discuss Cutback Extension As US Shale Predicted to Increase Yet Again

May's output for the U.S. is forecast to have the biggest monthly increase since February 2015.

18 Apr 2017