World News

Maersk Line Says it Has No Plans to Acquire HMM
Robbert Van Trooijen, Maersk Line's Asia Pacific CEO, says 2M is cooperating with HMM in an effort to enhance its trans-Pacific capacity.
4 Aug 2016
Subsea Industries Claims 20-40% Bunker Savings from New Anti-Friction Marine Coating
Subsea Industries says it has optimised its range of Ecospeed hard coat marine coatings to reduce hull friction by as much as 40 percent.
4 Aug 2016
Drop in Gasoline Stockpiles Prompts Rise in Crude Futures
Bunker prices got a reprieve from recent pressure for at least one day and were firm in the primary ports.
3 Aug 2016
World Fuel Services Under Investigation by US Department of Justice
WFS says the investigation pertains to matters related to its aviation, rather than marine, activities.
3 Aug 2016
International Shipholding Files for Chapter 11 Bankruptcy Relief
The company says that, while it is facing challenges with its debt and capital structure, its core business segments are performing "satisfactorily."
2 Aug 2016
Crude Continues to Fall
Bunker prices remain soft in the primary ports.
2 Aug 2016
Bunker Saving HullWiper Launched in Rotterdam
Rotterdam has become the latest port to allow GAC EnvironHull's system to operate in its waters.
2 Aug 2016
Baltic Dry Index Could Still Return to Record Lows of February: Precious Shipping CEO
The Baltic Dry Index sits at 650 after breaking the 700 mark in July.
2 Aug 2016
Crude Continues to Fall
Bunker prices continued to soften in the primary ports.
1 Aug 2016
Bomin Appoints New Director of Global Sales
Henrik Robdrup will "support the company's ambitious growth plans," says Bomin.
1 Aug 2016
Verifying Eco-Technologies: How Third Parties Can Help Commercial Credibility
Never before has it been so important for technology manufacturers to be able to prove their value.
1 Aug 2016
IBIA Asia in "Ideal" Position to Train Industry on MFM Use, Says Organisation
IBIA says it plans to offer a one day general course on MFM beginning in September, called "Familiarisation on Bunker Mass Flow Metering."
1 Aug 2016
Nick Brown Moves From LR to BV
Brown, who is said to have been head hunted by BV, is expected to start his new position on November 2, 2016.
29 Jul 2016
U.S. Crude Enters Technical Bear Market Amid New Predictions That Prices Will Remain in the $45-$50 Range In 2017
The possibility of oil in the 30s is still strong, say analysts.
29 Jul 2016
ESPO: LNG Bunkers Most Promising Medium Term Solution for Shipping Emissions
ESPO also advocates the increased use of shore power to reduce ship emissions at ports.
29 Jul 2016
$70 Crude Inevitable, Even Though Citigroup Says Fuel Oil Demand has "Dropped Off the Planet"
But the company says overall "oil demand has been pretty robust" and doesn't see it dropping.
29 Jul 2016
Weekly Vessel Scrapping Report: 2016 Week 29
Weekly Vessel Scrapping Report: 2016 Week 29
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from July 20 – July 27, 2016.
28 Jul 2016
World Fuel Services Q2 Bunker Volumes Flat, but Marine Income Slips
Total bunker volumes for the three months ended June 30, 2016, were reported at 2,168.3 million gallons.
28 Jul 2016
HMD: Shipping Industry Should Not Hesitate Over New Tech in Pursuit of Greener Vessels
The comments came following news that a new LNG powered bulk carrier will have its tanks made out of a novel high manganese steel.
28 Jul 2016
ECSA Supports Latest European Strategy for Emissions Reduction
The EC strategy expects a growing role for LNG as part of the efforts to reduce greenhouse gas emissions.
28 Jul 2016