World News

Crude Volatility Continues

The bunker markets direction tomorrow is expected to be largely determined by EIA's inventory statistics released late this week due to the holiday.

6 Jul 2016

Latest US Navy Biofuel Bunkers Are Bad For the Environment, Expensive, Barely Biofuel At All, Says Critic

"It is conventional fuel with an expensive additive," T. A. Kiefer, retired U.S. Navy Captain and energy consultant tells Ship & Bunker.

6 Jul 2016

Dry Bulk: Virtually Every Company in the Industry is Still at Risk, Says New Report

The news comes as the Baltic Dry Index has jumped more than 100 points in a little over two weeks to a near 2016 high of 692.

6 Jul 2016

DNV GL Grants Oriental Jubilee First Scrubber Ready Notation

In order to meet future emission control regulations, the 84,000 m3 LPG Carrier has been prepared for the installation of a hybrid scrubber system.

6 Jul 2016

Crude Down, But OPEC Production Improving

Bunker markets were soft today but buyers should beware and expect a volatile environment with steep dips and strong spikes.

5 Jul 2016

Gibson: Low Bunker Price Erodes Eco-Tanker Advantage, Supports Tanker Fleet Growth

Only 34 tankers have been scrapped over the last year.

5 Jul 2016

Water Most Common Reason for Off-Spec HFO, V.Group Study Finds

Carbon residue was said to be the most common cause for off-spec distillates.

5 Jul 2016

Ignorance About the Difference Between Brokers, Traders and Physicals is Pervasive - Using a Broker Reduces Risk

The fact that many experienced people in the market are still confused about the difference between a broker and a trader/supplier is shocking and risky, writes LQM CEO Marisa Femenia.

5 Jul 2016

Recycled Bunker Firm Gets €1 Million More Financing

The company says it is also on track to meet its annual target of producing at least 30,000 tonnes of regenerated slops in 2017 from its Port of Sinès refinery.

5 Jul 2016

Diversification "Vitally Important" Says Bunker Holding, as Volumes Surge 31%

"The new initiatives have widened our reach in the market, thus equipping us to retain and consolidate our market position in the years ahead," says CEO.

4 Jul 2016

Wärtsilä Acquires Bunker-Saving Firm Eniram

The deal is said to be effective July 1, 2016, and the company will help Wärtsilä take a "solid lead" in marine digitalisation.

1 Jul 2016

VPS Appoints New Executive Chairman

Also announced today was that Gerard Rohaan will step down from his role as CEO.

1 Jul 2016

VW Looking to Build and Operate Wind Powered Ro-Ro Car Carrier: Reports

The cost and viability of the project could be viewed as favourable in the context of the €16.2 billion set aside to deal with an emissions scandal.

1 Jul 2016

Weekly Vessel Scrapping Report: 2016 Week 25

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from June 23 – June 29, 2016.

30 Jun 2016

VeriFuel to Offer Green Award Incentives

Certified ships will receive a 5% discount on fuel quality testing and on bunker surveys from VeriFuel, and a 15% discount on VeriFuel training courses.

30 Jun 2016

Carnival Gets Q2 Earnings Boost from 41% Lower Bunker Bill

Carnival also reported its bunker hedging program faired much better than in the period last year.

30 Jun 2016

Hapag-Lloyd and UASC Reach Agreement on Merger Terms

Hapag-Lloyd's supervisory board is said to have approved the deal, while UASC's shareholders still need to approve the plan.

30 Jun 2016

2M Mulls More Partners: Israel's ZIM Now Said to Be in Talks to Ally with Maersk Line and MSC

The news comes on the heels of news that HMM is also in talks to join the alliance, with Alphaliner dubbing the potential 4 carrier group 2M++.

30 Jun 2016

Inventories Decline for 6th Straight Week

Bunker prices continued on yesterdays momentum and were firm in the primary ports.

29 Jun 2016

K Line Turns to Big Data for Bunker Savings

K Line says it is working with KHI on the development of K-IMS, an integrated vessel operation and performance management system.

29 Jun 2016