World News

Bunker Price Increases to Add to Dry Bulk Stress, Says Singapore Shipping Exec

"Current prices or moderate increases can be reasonably anticipated to last through 2017," says Eddie Huang of Glory Pacific Shipping.

6 Jan 2017

Crude Makes Gains After a Back and Forth Day

Saudi Arabia confirmed it is holding up its end of the OPEC agreement.

5 Jan 2017

ExxonMobil Insight: Part 4 - Fuel Compatibility and Stability [ Video ]

A lack of compatibility between fuels can lead to significant sludge formation and even engine blackouts.

5 Jan 2017

Weekly Vessel Scrapping Report: 2016 Weeks 51 & 52

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from December 22, 2016 – January 4, 2017.

5 Jan 2017

MHI-MME Turbocharger Selected for WinGD Dual Fuel Engines

MHI-MME says its MET turbochargers are ecofriendly, supporting environmental preservation.

5 Jan 2017

Shipping "Will Find a Way" Through Another Difficult Year: Moore Stephens

"The inherent volatility of the industry will continue throughout 2017," says Moore Stephens.

5 Jan 2017

Iraq May Not Be Able to Fulfill Its OPEC Cutback Obligations

Meanwhile, Libya is making progress in doubling its output capacity for 2017.

5 Jan 2017

WWL Highlights Sustainability Strategy Amid Challenging Market

Anna Larsson, Head of Sustainability at WWL, says the company's sustainability efforts combine long-term vision and immediate-term targets.

5 Jan 2017

Buckeye Finalises Acquisition of 50% Share in VTTI

Buckeye acquired the 50 percent share in VTTI for $1.15 billion, with VTTI now owned indirectly through a 50/50 split between Buckeye and Vitol.

5 Jan 2017

Oil Benchmarks Regain Ground After Yesterday's Losses

Bunker prices were firmer in the primary ports.

4 Jan 2017

BIMCO Foresees Another Tough Year for Shipping in 2017, Including Tankers

"The full restoration of shipping markets will need several years of solid improvements to lift fleet utilisation rates," says BIMCO.

4 Jan 2017

Carnival Forecasts Average Bunker Price to Rise 32% in 2017

The cruise giant says it also expects bunker consumption for 2017 to rise slightly.

4 Jan 2017

2016 Sees Record Year for Container Ship Scrapping

Nearly 600,000 TEU is reported to have been scrapped during January-November period in 2016.

4 Jan 2017

Iran "Racing to Seal Deals" with Oil Giants Before Trump Takes Possible Action Against the Islamic State

BP reportedly declines to bid on Iranian oil and gas projects for the time being, due to qualms over the brash billionaire.

4 Jan 2017

IMO's New Code for Gas-Fuelled Ships Implemented

IMO issued a reminder that a new mandatory code for ships using gases or other low-flashpoint fuels entered into force on January 1.

3 Jan 2017

Baltec Marine Installing Scrubbers on TT-Line RoPax Ferry

Delivery is said to be expected for January 10, 2017.

3 Jan 2017

Malik Supply - Nordic Marine Hire New Senior Bunker Trader

Michael Rye Jørgensen will fulfil the role of senior bunker trader, effective January 1, 2017.

3 Jan 2017

Rickmers Bondholders Reject Debt Restructuring Proposal

The proposal would have seen the restructuring of S$100 million 8.45 percent notes.

30 Dec 2016

Bunker Prices at Major Bunkering Hubs Double in 2016

The jump comes despite the underlying Brent crude price have risen just 52 percent over the year.

30 Dec 2016

Oil in 2016 Posted Best Showings Since 2009; But Storm Clouds Loom in the New Year

Despite end-of-year jubilation over 2016, critics now wonder if OPEC will cause a reversal of fortunes in 2017.

30 Dec 2016