World News

SOPREMA Acquires 3% Stake in Ecoslops

The news comes as part of an announcement that Michel Pingeot, Board Chairman, will stand down from his role, effective November 15, 2016.

17 Oct 2016

ONR Sponsors Antifouling Research to Support U.S. Navy Bunker Savings

The project is said to be specifically aimed at examining how to keep hydrogel coatings soft, wet, and securely fastened to metal hulls.

17 Oct 2016

GAC Extends Global Husbandry Centre to 24/7 Operations, Including Bunker Supply Services

GAC says the move comes "in response to the growing demand from its shipping principals."

17 Oct 2016

Lindsay Blee Partners with Colombian-Based Bunker Player

Lindsay Blee has signed an agreement that will see the international bunker broker market, sell, and distribute bunkers on behalf of C.I. Petrobunkers.

17 Oct 2016

Caterpillar to Supply LNG Propulsion to Four Carnival Newbuilds

Caterpillar will supply dual fuel MaK 16 M 46 DF engines to the first four LNG-powered vessels being built for Carnival by Meyer Werft.

14 Oct 2016

Jotun and DNV GL Host Seminar Series on ISO 19030 for Vessel Efficiency

The forthcoming regulation will sets standards and methods for measuring hull and propeller performance.

14 Oct 2016

Analysts Clash over OPEC As "A Dying Organization" or a Force That Will Propel Prices into the $70s

One analyst thinks U.S. shale producers are increasingly calling the shots.

14 Oct 2016

Damen Unveils New Battery-Ready Cruise Vessel Design

The design, developed with assistance from Expedition Voyage Consultants and Knud E. Hansen, features a diesel-mechanical hybrid configuration.

14 Oct 2016

ESPO Calls on IMO to Uphold 2020 Implementation Date for 0.5% Sulfur Cap

ESPO has also called on IMO to align actions for the reduction of shipping's CO2 emissions with the Paris climate agreement.

14 Oct 2016

Crude Prices Mostly Flat

Bunker prices were somewhat stable in the primary ports.

13 Oct 2016

Weekly Vessel Scrapping Report: 2016 Week 40

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from October 6 – October 12, 2016.

13 Oct 2016

SSI Urges IMO to Show Leadership on Shipping Emissions at MEPC 70

SSI Thursday called on member states of IMO to take action to align shipping with the climate agreement reached at COP 21 in Paris last year.

13 Oct 2016

Oil Will Struggle To Hold $50 in Q4, as Analyst Says Producers Simply Got Demand Picture Wrong

One analyst warns of oil dropping to the low $40s depending on Vienna outcome in November.

13 Oct 2016

Hanjin Shipping Creditors List Released, 10 Bunker Companies Owed $64 Million

The document lists over 3,000 creditors in total.

13 Oct 2016

Hanjin, OW and Preparing for the Next Unthinkable Sinking

Hanjin and OW provide the reason now not to ignore the industry warnings.

13 Oct 2016

West Indies Oil Company to Sign Bunker Supply Agreement with Royal Caribbean

"We're putting things in place ... we are ready to bunker," says Gregory Georges, WIOC's CEO.

13 Oct 2016

New DFDS Ro-Ro Vessels to "Raise the Bar" for Environmental Friendliness

KNUD E. HANSEN says it has worked closely with DFDS and CSC Jinling Shipyard to refine and optimise the concept.

13 Oct 2016

ExxonMobil Takes "Exciting Step Forward" in Development of Next Generation Marine Lubes

The company says it has completed the test firing of a new crosshead slow speed test engine it hopes will reduce the time to bring new products to market.

13 Oct 2016

Crude Soft on Wednesday

As expectations wane, bunker prices are softening in the primary ports.

12 Oct 2016

World Fuel Services Arrests Hanjin Ship in Korea

The arrest follows a court decision that appears to have bypassed the troubled company's bankruptcy protection.

12 Oct 2016