World News

Sluggish Start to the Week for Crude

Bunker prices continued to soften in the primary ports.

11 Jul 2016

MAN: World's First ME-GIE Ethane Two-Stroke Diesel Engine Boosts Operators' Fuel Options

MAN says the ME-GI engine provides operators the option of using fuel or gas depending on price, availability, and environmental considerations.

11 Jul 2016

Singapore, China Main Destinations For Record Iranian Fuel Oil Exports

NIOC's Mohsen Qamsari says that fuel oil exports have grown over the past few months.

11 Jul 2016

Bunker Industry Needs Greater Transparency in its Contractual Arrangements: BIMCO

The association says some companies want to barricade themselves behind "contractual walls."

11 Jul 2016

Lower Oil Prices Cause Investment To Drop By $300 Billion; a Significant 2017 Rebound "Appears Unlikely", Says IEA

The Agency also finds that the Middle East now accounts for 35 percent of global oil supplies.

11 Jul 2016

"Pioneering" 25% Bunker Saving Venture Bringing Ship Owner and Charterer Together Acknowledged with Award

Hammonia, Intermarine, and Carbon War Room were awarded the Energy Efficiency Project of the Year at this year's BusinessGreen Leaders Awards.

8 Jul 2016

Baltic Dry Index Regains Ground Lost, Moves Back Above 700

The Batlic Dry Index gained 4 points Friday to close out the week at 703.

8 Jul 2016

Zederkof: After OW, the Trust in the Bunker Industry has Gone

There are now also concerns over the "durability" of suppliers, says the CEO of Dan-Bunkering.

8 Jul 2016

U.S. Firm Wins Legal Battle Over Novel Ship Emissions Control Technology Patents

San Pedro-based CAEM and Long  Beach-based AEG both market emissions control technology intended to reduce emissions of cargo ships.

8 Jul 2016

US is the Global Leader in Oil Reserves, But the Saudis Remain the True Market Kings: Analysts

Meanwhile, Rystad Energy says at current production rates the world's reserves will be depleted 70 years from now.

8 Jul 2016

MRV Implementation Discussed at ESSF Plenary

ESSF held its 6th Plenary Meeting in Brussels on June 28, 2016 to discuss the implementation of the EU Monitoring, Reporting and Verification regulation.

8 Jul 2016

IBIA to Participate in BIMCO's Standard Bunker Contract Review in Wake of Res Cogitans Ruling

The subcommittee's review is said to be intended to improve the Terms as a result of the fall out from OW Bunker's bankruptcy.

8 Jul 2016

Volatility, Falling Oil Prices Continue

Bunker markets closed the day soft.

7 Jul 2016

Ship Efficiency in Focus as IMO Announces World Maritime Day Theme for 2017

"More efficient shipping ... will be a major driver towards global stability and sustainable development for the good of all people," says Kitack Lim.

7 Jul 2016

Weekly Vessel Scrapping Report: 2016 Week 26

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from June 30 – July 6, 2016.

7 Jul 2016

Quadrise: First MSAR Emulsion Bunkers Delivered and in Trial

Quadrise says it has made "excellent progress," having produced and delivered its first batch of its MSAR bunkers, which are now being trialed.

7 Jul 2016

MARAD Releases Free Guide to Latest Bunker Saving Measures and Technology

"The Paper provides a basis upon which owners and operators can evaluate potential investments in efficiency measures and technologies," says MARAD.

7 Jul 2016

Ilshin Shipping Orders LNG-Powered Bulk Carrier

Ordered from Hyundai Mipo Dockyard, the 50,000 DWT bulk carrier will feature an energy efficient dual-fuel engine.

7 Jul 2016

German Company Fined $1 Million in U.S. Oil Dumping Case

The sentence includes a $800,000 criminal penalty, a $200,000 community service payment, and 3 years of probation for the company.

7 Jul 2016

Two VLCCs Making Surprise Fuel Oil Shipment to Singapore

The vessels have been chartered by PetroChina and Trafigura.

7 Jul 2016