World News

Insiders say $50 Oil May Cause a Floodgate of Activity

More rigs and better cash flow will be the outcome of higher prices.

28 Apr 2016

Stockpiles Build, Crude Still Rises

This morning's EIA report provided bearish news but the pressure on prices was lifted as the dollar continued to fade.

27 Apr 2016

ECA Operator Slashes 2015 Bunker Bill by €20 Million

"The previously highlighted risk of increasing fuel cost did not materialise," said Tallink.

27 Apr 2016

Hempel Hits Hull Coating Milestone

The firm's fouling release product has now been applied as a complete vessel coating to 500 ships.

27 Apr 2016

Five "Top-Tips" from ExxonMobil for Effective ECA Fuel Switching

"Typically, inadequate management of the fuel switchover process can increase the risk of thermal shock to engine components," ExxonMobil explains.

27 Apr 2016

U.S. Court of Appeals Upholds WFS' Maritime Lien in Dispute Over Unpaid Singapore Bunker Bill

The decision clears the way for further legal proceedings involving World Fuel Services Singapore.

27 Apr 2016

Construction Launched on TUI Cruises' New Fuel Efficient Ship

The keel has been laid for TUI Cruises' latest high-technology and fuel efficient cruise ship, Mein Schiff 6, which is under construction by Finland's Meyer Turku.

27 Apr 2016

Baltic Dry Index Breaks 700 for the First Time Since November 2015

The Baltic Dry Index gained 14 points Tuesday to reach 704, the highest the index has been since November 2, 2015.

27 Apr 2016

OPEC, Saudis, Struggling for Relevancy in Rapidly-Changing Market?

Non-OPEC member invitations to OPEC talks coupled with other developments suggest a possible waning of the once-mighty Gulf oil producers.

27 Apr 2016

Crude Climbs on Bullish Sentiment

Some anticipate crude to reach $50/bbl before that trend changes.

26 Apr 2016

Neste Jacobs in Agreement to Explore Finnish LNG Bunker Opportunities

Neste Jacobs and the Port of Turku to explore potential for LNG supply in the region following a proposed LNG terminal for the Pansio harbour area.

26 Apr 2016

GE to Provide Tech to Hybrid Diesel-Electric Research Vessel

The hybrid ship will feature an anti-vibration motor, and is expected to be "one of the most advanced" research vessels in the world.

26 Apr 2016

ClassNK Releases Updated Bunkering Guidelines for Gas Fueled Ships

The new version provides thorough and updated information on key design features for gas fueled ships.

26 Apr 2016

Shell: GTL Bunkers Will Become an Increasingly Important Part of the Fuel Mix

The comments came alongside news that the European Committee for Standardisation has ratified the EN15940 standard for paraffinic diesel fuels.

26 Apr 2016

ABS Releases New Condition Monitoring Guidance

New guidance comes in response to "significant advances in condition monitoring software and diagnostic technologies."

26 Apr 2016

Crude Soft After Spending Much of the Morning in Flux

An oil inventory report from Genscape provided all that was needed.

25 Apr 2016

IMO Secretary-General Says MEPC 69 Debate Post COP 21 Agreement Was "Constructive"

Secretary-General Kitack Lim's comments came Friday during closing remarks at MEPC 69.

25 Apr 2016

SSI: Industry Reputation at Stake Following MEPC 69 "Failures"

IMO is at risk of having emissions reduction measures taken out of its hands, says SSI CEO Alastair Fischbacher.

25 Apr 2016

Clipper Group Aims to Support Bunker Savings with Addition of COACH to Green Ship of the Future

Clipper Group Wednesday announced that it has joined Green Ship of the Future with its vessel performance monitoring solution COACH.

25 Apr 2016

BMS United Bunkers Merges With Asia Specialist International Bunker Services

Group says it will create one of the largest bunker trading groups not only in Asia, but globally.

25 Apr 2016