World News

Hamburg Süd Signs Slot Purchase Agreement with Maersk Line Ahead of Acquisition

The new slot purchase agreement is said to be set to come into effect on April 1, 2017.

8 Feb 2017

Torvald Klaveness Newbuilds to Use ABB's OCTOPUS Software to Save Fuel, Meet Environmental Regs

OCTOPUS gathers information collected by onboard sensors to provide insight on key performance parameters, including fuel efficiency.

8 Feb 2017

NPS Reduces Auxiliary Engine Fuel Consumption of Feedermax Box Ship by 9.2%

MV Jork Ruler is owned by Bernd Becker Shipmanagement and managed by Jebsen Shipping.

8 Feb 2017

Bunker Saving Fleet Cleaner Marks First Ship Hull Cleaning Operation

Fleet Cleaner was used to clean the hull of the largest vessel of the Royal Netherlands Navy, HNLMS Karel Doorman.

8 Feb 2017

MFM for Bunkering; EU MID and Singapore TR48: The Facts

Emerson was heavily involved from the beginning with the introduction of MFM in bunkering applications in Europe and later in Singapore.

8 Feb 2017

Crude Soft as US Gasoline Stockpiles Rise

Bunker prices were softer in the primary ports.

7 Feb 2017

Drewry Launches New Maritime Sector Credit Research Service Offering

The new offering provides an investment proposition in asset allocation for institutional investors.

7 Feb 2017

Monjasa Appoints Anders Boutrup as New Head of Credit

"In a challenging shipping market environment, efficient credit management is important," says Monjasa.

7 Feb 2017

Vitol Warns of "Very Volatile" Oil Market, Sees Prices Capped at $62/bbl

U.S. president Trump again is cited as the key driver for the predicted tumult.

7 Feb 2017

"Shortest Traversable Period in Recent Years" for Bunker Saving Northern Sea Route

The short season comes despite sea ice in the Arctic Sea falling to a record smallest area during 2016.

7 Feb 2017

How Does a Bunker Saving Air Lubrication System Work? [VIDEO]

Silverstream have released a new animation demonstrating its air lubrication technology.

7 Feb 2017

Oil Rig Count Weighs on Crude Oil Prices

Bunker prices were softer in the primary ports.

6 Feb 2017

Bomin Linde LNG Marks First LNG Bunkering at Rostock

Bomin Linde LNG bunkered the tanker Fure West in a truck to ship operation at the German Port of Rostock on Thursday.

6 Feb 2017

World Fuel Services Publishes New Whitepaper on Mass Flow Metering for Bunkering

"More suppliers worldwide are introducing MFMs on their barges not because they have to, but because they see a benefit for the industry in doing so," says WFS.

6 Feb 2017

New Total Lubmarine Head Charts Company Direction in Context of Tighter Sulfur Regs and Tough Shipping Market

Robert Joore says Total Lubmarine will continue to invest "heavily" in developing lubes suitable for engines running both low and high sulfur fuels.

6 Feb 2017

BSM Aims to Build "Significant Position" in LNG Bunker Market [VIDEO]

BSM, which is working with Babcock, says it would like to see "multiple ships in many geographic locations" to meet LNG bunkering demand.

6 Feb 2017

OPEC Oil Cuts "Encouraging" But Prices Won't Reach the Low to Mid $60s: IEA

Neil Atkinson says finding a sweet spot for prices is essential to cutback proponents

6 Feb 2017

This is Why the Bunker Industry Needs MFMs

MFMs are a way out of a cycle of claims, damaged relationships with ship owners, and an ever-diminishing opportunity to make money, writes Tolson.

3 Feb 2017

OPEC Oil Shipment Increases to Asia Raise Questions About Cartel's Ability to Reduce Glut

The cartel's supplies to Asia rose by 7 percent between November and January.

3 Feb 2017

Weekly Vessel Scrapping Report: 2017 Week 4

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from January 26 – February 1, 2017.

2 Feb 2017