World News

Crude Up as Algeria Talks Move Closer
Bunker prices were somewhat firmer in the primary ports.
19 Sep 2016
Bunker-Saving Kongsberg Refit to Help VLCC "GoGreen"
Kongsberg says it completed the refit of a 21 year-old VLCC Main Engine with a fuel-saving Remote Control System, the AutoChief 600.
19 Sep 2016
US Court Tells Bunker Suppliers They Cannot Arrest Hanjin's Owned or Chartered Vessels
Lawyers argue the decision to extend protection to owners of Hanjin-chartered vessels is contrary to both U.S. and South Korean law.
19 Sep 2016
Despite Low Bunker Prices, Hanjin Collapse, Box Shippers to Stick with Slow Steaming
Low freight rates persist high season demand, Hanjin's recent collapse, and a reported demolition spree.
19 Sep 2016
Cyprus Latest to Declare LNG Bunkers the "Fuel of the Future"
The comments came Friday at the "LNG Fuelling the Future of the Eastern Mediterranean" conference in Limassol, Cyprus.
16 Sep 2016
OPEC Members Not Comfortable With Current Oil Prices: Analyst
Meanwhile, another analyst credits OPEC for consistently "decreasing" its output this year.
16 Sep 2016
China Merchants Enter Singapore Bunker Market
The company already has its eye on a second location in Fujairah.
16 Sep 2016
Crude Prices Back Up After "Overreaction" Yesterday
Bunker prices were firmer in the primary ports.
15 Sep 2016
Weekly Vessel Scrapping Report: 2016 Week 36
Weekly Vessel Scrapping Report: 2016 Week 36
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from September 8 - September 14, 2016.
15 Sep 2016
Dry Bulk Recovery: Newbuild Orders "Almost Non-Existent"
Golden Ocean Group says that low ordering activity is "very important" if the market is to see sustained rate recovery.
15 Sep 2016
MEPs Push for Shipping to be Included in Emissions Trading System Toward 2030 Reduction Target
The proposed amendment would see shipowners buy ETS allowances from 2021 onwards.
15 Sep 2016
Underinvestment Will Push Oil Prices as High as $80 in 2 Years: Tisch
Jim Tisch worries about the west's ability to serve global demand down the road.
15 Sep 2016
Moore Stephens: Shipping Companies Require Improved Risk Management
Moore Stephens' findings come alongside the release of the company's second annual Shipping Risk Survey.
15 Sep 2016
Crude Down After Early Gains
Bunker prices were softer in the primary ports.
14 Sep 2016
Bureau Veritas Highlights Role in Adoption of LNG as Fuel
BV notes it classed both vessels involved in the world's first ship-to-ship LNG bunkering operation between two independent OGVs earlier this month.
14 Sep 2016
Quadrise and AkzoNobel Extend Agreements for Emulsion Fuel Joint Development
The agreements, which also cover the exclusive purchase and supply of goods and services, will now run until at least November 2018.
14 Sep 2016
Bearish IEA Report Misinterpreted, Says Analyst
Oil production growth is now lagging oil demand growth, writes Robert Rapier.
14 Sep 2016
Klaveness Says Newbuild CABU Carriers to Deliver 5-10% Bunker Savings
The company says that the three carriers were designed "with the environment in mind."
14 Sep 2016
Scrubber Retrofit Completed on Norwegian Jewel
NCL says the installation is part of the company's efforts to reduce its environmental footprint and air emissions.
14 Sep 2016
IEA: Global Oil Demand Slowing Faster Than Predicted, Glut To Last Well Into 2017
But IEA's Matthew Parry sends signals that at least some growth is better than none.
14 Sep 2016