World News

OPEC in Output Cut Talks With Wider Non-Member Producers, but Analysts Remain Skeptical

The market is also concerned about potential rise in U.S. shale production.

6 Dec 2016

US Shale Will Rebound in 2017: Analysts

Some observers go so far as to describe the OPEC cutback deal as a surrender of power to the U.S.

6 Dec 2016

P&I Club Warns on Substantial Changes to Singapore Bunkering Procedures

Safety Management System bunkering procedures and associated checklists will require modification in light of the new requirements, notes West of England.

6 Dec 2016

Crude Benchmarks Continue their Ascension

Bunker prices were firm in the primary ports.

5 Dec 2016

Quadrise MSAR Emulsion Bunkers Ready for 2017 Commercial Operations

The firm provided a number of progress updates at its AGM Friday, noting that Quadrise programmes "continue to progress to plan."

5 Dec 2016

ABB Highlights Battery-Powered Ferry [Video]

ABB has released a video detailing the Onboard DC Grid system that enables Norway's Vision of the Fjords to run on battery power.

5 Dec 2016

Zim Upbeat on Improved Performance, but Still in the Red

ZIM reports a net loss of $37.6 million in 2016 Q3, compared to a $11.1 million profit during same period of 2015.

5 Dec 2016

Bunker Regulations Will Only Follow "What Scrubbers are Already Doing"

Scrubbers are "removing much of the soot and the unburned oil which are not yet regulated," Nick Confuorto tells Ship & Bunker.

5 Dec 2016

Expect Post 2020 Bunker Markets to be More Fragmented and Complex, Conference Hears

"The shipping industry, if it doesn't have a policeman, will do whatever is cheapest," says Marine and Energy Consulting Limited's Robin Meech.

2 Dec 2016

Bernhard Schulte Places Order for LNG Bunker Tanker

Hyundai Mipo Dockyard is said to have signed a LoI with Bernhard Schulte for the vessel's construction.

2 Dec 2016

Seatrans Ship Management to Utilise Bunker-Saving ECO Insight on 20 Vessels

DNV GL says the solution has now been implemented on over 750 vessels, with many of them noted to be operated by tanker companies.

2 Dec 2016

Wärtsilä Expands 5% Bunker Saving EnergoProFin Tech to Controllable Pitch Propellers

Wärtsilä says it was previously considered impossible in the industry to apply the technology to CPPs.

2 Dec 2016

Bunker Prices Surge to 16 Month Highs, Break $300/mt in the Primary Ports [Graph]

Bunker buyers should nevertheless expect continued volatility as we head into 2017.

2 Dec 2016

Crude Benchmarks Rise Another 5%

Bunker prices were again firmer in the primary ports.

1 Dec 2016

Shortage in Compliant Bunkers to Be Expected in 2020, Says Aegean GM

"The sulfur change will undoubtedly bring some novelties in the bunkering world," says Aegean's general manager, Gregory Robolakis.

1 Dec 2016

Weekly Vessel Scrapping Report: 2016 Week 47

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from November 24 – November 30, 2016.

1 Dec 2016

Carnival's Princess Cruise Line to Pay "Largest-Ever" Fine for Intentional Dumping

Princess Cruise Line will pay a $40 million penalty and plead guilty to charges related to illegal dumping of oily waste from one of its vessels.

1 Dec 2016

Hamburg Süd to Be Acquired by Maersk Line

Pending final agreement and regulatory approvals, the deal is expected to be completed in the early second quarter of 2017, says Maersk Line.

1 Dec 2016

World Fuel Services 2020 Vision: Preparing for the New Global Sulphur Cap

Preparing for 2020 will be a costly business; and for companies that get their strategy wrong, it will be a very costly business indeed.

1 Dec 2016

Cyprus Sees 12% Growth in Year to Date Bunker Sales

Cyprus government data shows bunker fuel sales for the first 10 months of the year amounted to 228,004 metric tonnes.

1 Dec 2016