World News

Bullish Predictions for Oil Tempered by Possibility of Near-Term Prices in the Low $40s

Other experts maintain that troubling fundamentals will continue to restrict gains.

18 Apr 2017

Vessel Aiming for Zero Emissions Round the World Voyage is Launched

The vessel is able to generate hydrogen from 130 m2 of solar panels, two wind turbines, a traction kite, and two reversible electric motors.

18 Apr 2017

EC Releases MRV FAQ

Per-voyage monitoring is set to start on January 1, 2018.

17 Apr 2017

Shipping Better Positioned Than a Year Ago, Says SSA President

Esben Poulsson's comments came at a media briefing for Singapore Maritime Week 2017.

17 Apr 2017

OPEC Members Cite $60 Oil as a Target Everyone Can Live With as They Declare Support for Cutback Extension

Meanwhile, Saudi Aramco boss believes peak demand "is not in sight."

17 Apr 2017

Nigeria Recovery, Further U.S. Shale Expansion Possible Even as OPEC Considers Cutback Extensions

Nigeria says it will join in the cartel's cuts – but not before ramping up production to 2.2 million barrels per day.

17 Apr 2017

OPEC Cuts Fail to Stop Oil Stocks Rising, but Markets are "Very Close" to Balance, Says IEA

IEA says it is "seeing demand growing fairly steadily."

14 Apr 2017

Weekly Vessel Scrapping Report: 2017 Week 14

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 6 – April 12, 2017.

13 Apr 2017

SCF LNG-Powered Tankers to Feature WinGD Dual-Fuel Engines

WinGD says it will also supply the vessels with its Engine Diagnostic System, enabling lower bunker costs through engine performance optimisation.

13 Apr 2017

Wärtsilä and CHI Receive LR AiP for Efficient Natural Gas Operating Fleet Concept

The project is intended to provide vessel operators with a more efficient and economical fleet design, meeting current and future environmental regulations.

13 Apr 2017

Currently "No Incentive" for Movement Toward 2020 Compliance, Says Industry Player

The comments from Paul Nix, General Manager of Terminal Operations at Gulf Petrochem, came at an industry conference in Fujairah earlier this month.

13 Apr 2017

Global Drawdowns Embolden OPEC and Analysts, but Experts Warn That It May Merely Be a Shifting of Supplies

Meanwhile, Goldman sees a return to long-term oil price stability.

13 Apr 2017

New Wison Multi-Functional LNG Vessel Design to Support Bunkering Operations

The Wison-LNG-Distributor has a scalable capacity of 5,000 to 20,000 cbm, integrating the functions of LNG loading, bunkering, and container delivery.

12 Apr 2017

Verifavia Receives Second Accreditation as EU MRV Verifier

Verifavia's latest accreditation as a EU MRV verifier has come from France's national accreditation body Cofrac.

12 Apr 2017

Finnlines Pens Service Order for Existing Alfa Laval PureSOx Scrubbers

Finnlines' service order covers the performance optimisation of its existing Alfa Laval PureSOx scrubber systems on seven of the company's RoRo vessels.

12 Apr 2017

Uniper Provides Boost to ULSFO Exports from Fujairah

Uniper's Fujairah facility is said to have a production capacity of about 300,000 tonnes of ULSFO per month.

12 Apr 2017

LOI Sets DuPont as Preferred Scrubber Supplier for Navios' ShipManagement

The LOI is also said to confirm that Navios and DuPont Clean Technologies will take on a joint feasibility study and techno-economic analysis.

12 Apr 2017

Kenya Looks to Boost Bunker Distribution Capacity

Construction on a supporting oil jetty is set to begin in Kisumu, Kenya on Lake Victoria.

11 Apr 2017

Slovenian Port of Koper to Develop LNG Bunkering Capacity

The supporting infrastructure will not be fixed due to space limitations at the port, as well as safety issues.

11 Apr 2017

Maersk Line Receives Green Light from EU for Hamburg Süd Acquisition

Approval is conditional on Hamburg Süd's withdrawal from five vessel sharing agreements.

11 Apr 2017