World News

Maersk Line Eyes Increased Market Share Following Historic Maersk Shake-Up
But chief executive Soren Skou ruled out placing orders for new vessels, saying: "There are already enough ships in the world."
23 Sep 2016
Dubai Mercantile Exchange Lists Two New Fuel Oil Derivatives
The new 180 cSt and 380 cSt contracts are intended to hedge the price differentials between Middle East fuel oil and Singapore fuel oil.
23 Sep 2016
Crude Continues to Make Gains
Bunker prices were still firming in the primary ports.
22 Sep 2016
Weekly Vessel Scrapping Report: 2016 Week 37
Weekly Vessel Scrapping Report: 2016 Week 37
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from September 15 - September 21, 2016.
22 Sep 2016
Elengy and Gate Terminal to Cooperate on Development of LNG Services, Including Bunkering
Elengy has signed a MoU with Gate terminal to cooperate on the development of LNG related services, including bunkering and truck loading.
22 Sep 2016
Two Guides for Bunker Quality Disputes Issued by West of England P&I
The two new guides are intended to to assist owners and operators in dealing with such disputes.
22 Sep 2016
Engie CEO Confirms Plans to Hold onto LNG Business
The comment comes in response to earlier reports that suggested a possible sale or reorganisation of the company's LNG interests.
22 Sep 2016
Reports of Record Outputs Accompany S&P Prediction Of Oil Not Breaking $55/b Before 2020
S&P also suggests the upcoming OPEC freeze talks will do nothing to alleviate the glut.
22 Sep 2016
WTI Firms as US Inventories Drop
Bunker prices were firmer in the primary ports.
21 Sep 2016
Baltic Dry Index Breaks 900, Reaches Highest Levels in Almost a Year
Although it may have taken four months longer than some market participants had expected, the Baltic Dry Index gained 38 points Wednesday to reach 903.
21 Sep 2016
Royston Adds Emissions Monitoring to Enginei Fuel Management System
Royston says the upgraded enginei system also assess engine power compared to fuel consumption and engine speed.
21 Sep 2016
ABB Azipod XL Receives Award Shortlisting for Fuel Efficiency Capabilities
ABB says the new technology will be considered in the Environmental Initiative category of the 2016 Seatrade Cruise Awards.
21 Sep 2016
LNG Bunker Player Engie Could Reorganise or Sell LNG Business: CGT Union
The news comes after an announcement earlier this month that Engie, along with NYK Line and Mitsubishi, had launched a new brand for LNG bunkers.
21 Sep 2016
Aegean Renews $1 Billion Global and $250 Million U.S. Credit Facilities
"It provides Aegean with ample financial flexibility to continue executing our strategy," says E. Nikolas Tavlarios, President of Aegean.
20 Sep 2016
Crude Prices Mixed on Tuesday
Bunker prices were stable in the primary ports.
20 Sep 2016
IMO Releases New Guides to Support Energy Efficiency for Ships
The guides were released under the IMO's GloMEEP project, and were developed in collaboration with IMarEST.
20 Sep 2016
Aegean Completes Melissanidis Share Repurchase
The company completed the repurchase of 11,303,031 shares on September 15, bringing the company's total outstanding shares to 39,403,822.
20 Sep 2016
IBIA: Switch to 0.50% Global Sulfur Cap Represents "Not Step Changes but Brutal Changes"
IBIA's Unni Einemo says that with the stricter global sulfur cap meaning a shift to distillates for most, there will be a paradigm shift for ship engines.
20 Sep 2016
Crude At $20-$100 All in the "Normal Range" Moving Forward: BP
BP's head of energy economics also suggests it's pointless to dwell over the upcoming freeze talks.
20 Sep 2016
World Fuel Services: Hanjin Collapse Won't be as Chaotic as OW Bunker
VP Charlie Davies says bunker suppliers are typically insured for such losses.
20 Sep 2016