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Drewry: Rising Bunker Prices Will Likely Mean Carriers' Revenue Being Outpaced by Costs

"As things stand carriers will lose between $6-10 billion this year," says Drewry.

Alfa Laval Announces Smaller, More Flexible Scrubber Design

The new design comes at a time authorities are looking to decide whether a global 0.50 percent sulfur cap for bunkers in 2020 is viable.

Crude Benchmarks in the Red After Early Gains

The market was able to shrug off the Canadian wildfires that are keeping nearly 1 million barrels per day from export.

OW Bunker "Res Cogitans" UK Test Case Verdict to be Delivered on Wednesday

The decision will shape the outcome of many other such cases being brought against bunker buyers from around the globe.

LNG and Methanol "Most Promising" Alternative to Conventional Bunkers: EC

EC says LNG and methanol could be used as transition bunkers before completing a shift to biofuels.

Nanostructure Filters Could Offer Low Cost, More Environmentally Friendly Solution for ECA Compliance: EPFL

Mario Michan, a researcher at EPFL's Swiss Plasma Center says the technology not only reduces sulfur emissions, but NOx emissions as well.

Markets Enter a "New Era" as Saudi Arabia Ends Reign of the Most Powerful Man in Oil

Ali bin Ibrahim Al-Naimi Saturday was replaced by Saudi Aramco chairman Khalid al-Falih.

Hempel Looks to Up Green Credentials of its Bunker Saving Antifouling Hull Coatings

The company is working to increase the use of renewable raw materials in their antifouling formulations.

2016 Dry Bulk Rates Will be Lower than Last Year, Says Drewry, as Baltic Dry Index Continues to Slide

The Baltic Dry Index fell for the fifth consecutive session Thursday, shedding 10 points to land at 642.

DNV GL Fuel Saving Performance Management System Deployed Across Leonhardt & Blumberg's Entire Fleet

ECO Insight is now being used on all of the German shipping company's 40 container vessels.

Oil Markets Move Higher

Early in the day WTI and Brent reached their peak surging more than 5%, but a strong dollar capped gains.

Weekly Vessel Scrapping Report: 2016 Week 17

Weekly Vessel Scrapping Report: 2016 Week 17

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from April 27 – May 4, 2016.

New Jensen Maritime Design Features "Some of the First Tier IV Engines"

The tug also ditches traditional ballast water tanks in favour of a bunker-based solution.

Bureau Veritas' Marine Services Offerings "Reinforced" with TMC Marine Acquisition

TMC Marine is an international consultancy that provides pre and post casualty advice and support to the marine industry.

Alliance Orphans Could Combine to Represent a Serious Counterweight to 2M, Ocean Alliance: Alphaliner

Existing box shipping alliances are currently in flux.

New ECO Tanker "Symbolises the Emerging Direction of the U.S. Shipping Industry"

General Dynamics NASSCO says the 50,000 DWT newbuild LNG-ready product tanker, Independence, was delivered to SEA-Vista on Thursday.

Baltic Dry Index Sheds 56 Points in 4 Days, Falls to 652

Peter Sand, Chief Shipping Analyst at BIMCO, says the industry needs to work to "keep scrapping volumes up" for a meaningful market recovery.

Crude Mixed After Strong Start Fuelled by Alberta Wildfires

Due to the volatility the trend in bunker prices was fluid.

Low Bunker Price Helps Maersk Save $1 Billion in Q1 2016

Average price paid for bunkers halved year-over-year.

MSC Settles $3.7M OW Bunker Dispute With ING, Physical Supplier

Move comes on the heels of two recent US court decisions suggesting the country's physical suppliers could be left unpaid in such situations.

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