World News

Bulls Forecast 2017 As "One of the Best Oil Years," Cooler Heads See Crude Capped at $60

Amid further predictions of oil hitting $100/bbl, a new Reuters poll pegs oil in a more conservative $60 neighbourhood.

30 Dec 2016

Crude Benchmarks Soft After Another Quiet Day

Bunker prices have been relatively stable today.

29 Dec 2016

Neste to Supply Low Sulfur Bunkers to Eckerö Line Vessel

The agreement is noted to cover the supply of low sulfur bunkers to Eckerö Line's M/S Finlandia throughout 2017.

29 Dec 2016

Oil Markets Quiet, but Heading Towards Year End on an Upwards Trend

There are hopes though that with the new year oil benchmarks will soften as they seem overheated from December's rally.

28 Dec 2016

"Bargain hunting" China May Slow Glut Reduction If OPEC Cutbacks Boost Prices Further: ClipperData

Analysts also cite U.S. shale as potentially ruining the effect of the cutbacks.

28 Dec 2016

GIB Takes Action Over Unpaid Newlead Bunker Bill

Glander International Bunkering is one of a number of companies seeking payment from Newlead Victoria.

27 Dec 2016

Shanghai, Trinidad and Tobago to Host Regional Centres Under IMO Maritime Efficiency Project

The project is intended to support climate change mitigation efforts by reducing greenhouse gas emissions from shipping.

27 Dec 2016

NCL Completes Scrubber Installation on Two More Ships

With the latest installs on Norwegian Pearl and Norwegian Gem, NCL now has a total of five ships fitted with scrubbers.

27 Dec 2016

BFS Provides Praxis Energy Agents with $5 Million Revolving Line of Credit

Praxis is said to be utilising the new facility to support working capital and explore opportunities for future growth.

23 Dec 2016

VPS Launches New MFM Performance Investigation Service Ahead of Singapore Reg Implementation

The service is intended to support the dispute resolution process upon Singapore's implementation of MFM requirements on January 1, 2017.

23 Dec 2016

Al-Falih: Crude Prices Will Increase "Tangibly" in 2017

The Saudi energy minister also predicts his kingdom's budget deficit will be eliminated by 2020.

23 Dec 2016

Increase in Claims Spurs Shipowners' Club to Advise on Bunker Quality Disputes

Mudit Singh of the Shipowners' Club has provided advice on collating evidence and contractual terms to address bunker quality and contamination issues.

23 Dec 2016

Sustainable Slops Disposal Will Remain a Challenge in 2017 – the Industry Must Embrace Its Solutions

According to UNEP, estimates of illegal slops disposal reach at least 3,000 incidents per year in European waters alone.

23 Dec 2016

Oil Prices Creep Up

Bunker prices were stable to firm in the primary ports.

22 Dec 2016

Verifavia Approves KROHNE Marine MRV Tech

KROHNE Marine's EcoMATE MRV has been fully certified by Verifavia for use under EU's MRV regulation.

22 Dec 2016

Weekly Vessel Scrapping Report: 2016 Week 50

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from December 15 – December 21, 2016.

22 Dec 2016

Grimaldi Orders Seven Hybrid Laval PureSOx Scrubbers

The order is noted to mark the 100th U-design scrubber to be sold by Alfa Laval.

22 Dec 2016

Interview: TOTAL Confirms its Ambition in LNG Bunkering Business

"The 0.50% global sulfur cap in 2020 will accelerate the change in the needs and habits of the shipping industry," MD Olivier Jouny tells Ship & Bunker.

22 Dec 2016

Crude Down as EIA Reports Surprise Build in Crude Stockpiles

Bunker prices were softer in the primary ports.

21 Dec 2016

OPEC Threatens to Prolong Glut by Protecting Asian Customers

The bulk of the cartel's cutbacks are aimed at U.S. and European refiners.

21 Dec 2016