World News

Global Cap on Sulfur in Bunkers Should be Phased In, Expert Suggests

Navigistics Consulting's David St Amand says, in addition to completing its fuel availability study, the IMO should stagger the sulfur limit reduction.

13 May 2016

Volatility Rules the Day for Crude

The market tried to make sense of the days data points.

12 May 2016

Euronav Ups Anti-Fouling Measures for Increased Bunker Savings

Hempel says Euronav made the decision following a 45-month patch test of Hempaguard on its VLCC, the Famenne.

12 May 2016

GAC EnvironHull Wins Clean Shipping Award for Bunker Saving HullWiper

The Clean Shipping award was presented as part of the Seatrade Awards.

12 May 2016

New Major Container Alliance to be Announced by Friday: Sources

NYK, K Line, MOL, Hapag-Lloyd, Hanjin, HMM, and Yang Ming are said to be involved in the new alliance discussions.

12 May 2016

Weekly Vessel Scrapping Report: 2016 Week 18

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from May 5 – May 11, 2016.

12 May 2016

OPEC Has Practically Stopped Existing as a United Organisation: Sechin

Rosneft CEO says a number of objective factors exclude the possibility for any cartels to dictate their will to the market.

12 May 2016

Fujitsu Says New "Highly Accurate" Fuel Efficiency Tech Could Save 5% on Bunker Costs

"With this technology, it is possible to accurately estimate a ship's performance in actual sea conditions, which previously had a large margin of error," says Fujitsu.

12 May 2016

Crude Benchmarks Rally Another 3%

The market was surprised by a 3.4 million barrel draw induced by the Canadian wildfires.

11 May 2016

AkzoNobel Presents Neda Maritime First Award Under Carbon Credit Programme

AkzoNobel awarded the Greek company approximately $60,000 in carbon credits for converting its tanker vessel Argenta from a biocidal antifouling.

11 May 2016

US Authorities Say its Likely a New Containership Alliance Will be Announced by the End of the Week

Commissioner Doyle says FMC is meeting with ocean carrier representatives over the matter.

11 May 2016

Propulsion Features of "Future-Ready" Ecoship to Be Presented at Natural Propulsion Seminar

The Ecoship will be a hybrid wind and solar powered vessel equipped with a "future-ready" hybrid engine and set to run on "cleaner" fuels.

11 May 2016

UK Supreme Court Rules in Favour of ING in "Res Cogitans" OW Bunker Test Case

The U.K. Defence Club called the outcome "disappointing."

11 May 2016

AidaPrima to Become First Cruise Ship to Burn Only LNG Bunkers in Port After Successful Test Run

Carnival says it is a "first for the cruise industry" and means the ship will be able to operate with "the world's cleanest burning fossil fuel" while in port.

11 May 2016

Crude Claws Back Yesterday's Price Shedding

The disruption in Canada coupled with a series of attacks on Nigeria's oil infrastructure suddenly had the market on edge.

10 May 2016

Baltic Dry Index Drops Below 600

The Baltic Dry Index was down 22 points Tuesday to 594, reversing all gains the index had made since April 13.

10 May 2016

Concerns Over Distillate Shortage to Meet Global 0.50% Sulfur Cap Could be Misguided: Tolson

There is evidence to suggest to the contrary, says the 20|20 Marine Energy Senior Partner.

10 May 2016

Wärtsilä Joins LNG-Powered Bulk Carrier Project

Led by Athens-based Arista Shipping, Project Forward also involves Deltamarin, American Bureau of Shipping, and GTT.

10 May 2016

Fincantieri Makes First Order of Climeon's Fuel Saving Waste Heat Recovery Systems for Newbuild Cruise Ships

"Energy and environmental savings are important factors for the future of the Cruise Ship business," says Climeon.

10 May 2016

GE's Marine Solutions to Help Reduce Maersk Line Triple-E Bunker Costs

GE is to supply the carrier's 11 19,630 TEU vessels with its Power Take Off/Power Take In technology.

10 May 2016