World News

Oil at $35 is Economic Poison for Some Exporting Countries, But Good for U.S. Investment

A Macquarie analyst warns that the price will cause further credit downgrades and possible large scale bankruptcies.

11 Apr 2016

Baltic Dry Index Makes Highest One Day Gain of the Year so Far as Rate Surge Continues

The Baltic Dry Index reached 539 Friday following a 22 point gain as scrapping activity was reported to be on the rise.

8 Apr 2016

EMP Begins First Production of Bunker Saving Rigid Solar Sail System

Japan's Eco Marine Power Friday announced production of its "EnergySail" rigid sail technology has begun in Onomichi, Japan.

8 Apr 2016

Hyundai to be "Stabilized" by June - But Defaults on Multi-Million Dollar Debt Repayment

Hyundai says it will use proceeds from its dry bulk sales "only for fuelling the normalization of the company's business."

8 Apr 2016

20|20 Vision: Ensuring a Level Playing Field - The Challenge of Regulatory Compliance

Compliance based on trust rather than oversight would likely prove a costly option.

8 Apr 2016

Bunker Spill Response Sparks Twitter Backlash

Local recreational boaters are unhappy at the clean up following the Istra Ace spill last month.

8 Apr 2016

ETI Looks to Partner on Waste Heat Recovery Project that Could Glean 8% Bunker Savings

The heavy duty vehicle marine waste heat recovery project is also said to be intended to garner reductions in associated CO2 emissions.

8 Apr 2016

MOL Announces Bunker Saving Hull Design of Newbuild Car Carrier

The company says the rounded hull is expected to enable a 2 percent reduction in CO2 emissions compared to current car carriers.

8 Apr 2016

Cost Saving Fuel Switching Feature to be Made Available on New Hybrid Marine Engines

"Reductions in capital expenditure (CAPEX) of 15 to 20 percent are possible compared to other low-speed dual-fuel engine technology," says WinGD.

8 Apr 2016

d'Amico Scoops Award After a "Considerable Reduction" in Bunker Consumption

"Caring for the environment cannot be limited to the purchase of new eco-vessels," the shipowner says.

8 Apr 2016

Crude Prices Come Back Down to Earth

Futures spiked yesterday on the inventory report.

7 Apr 2016

Weekly Vessel Scrapping Report: 2016 Week 13

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from March 31 – April 6, 2016.

7 Apr 2016

Hull Coating Gives Supramax a "Staggering" $1.5 million in Bunker Cost Savings Over 5 Years

Jotun says the fundings will "attract significant attention" from those seeking a more sustainable industry.

7 Apr 2016

VPS Urges Vigilance When Using "Hybrid" ECA Fuels

But such bunkers can provide significant benefits if "challenges are understood and can be addressed."

7 Apr 2016

Meech: New IBIA Chairman Talks Better Bunker Practices, Ethics, Enforcement of Bunker Regs, Membership Growth

The role and value of IBIA is constantly changing, reflecting the industry it represents, Meech tells Ship & Bunker.

7 Apr 2016

Crude Benchmarks Surge on Unexpected Inventory Figures

By days end crude was up 5% with bunker prices quite firm in the primary ports.

6 Apr 2016

Baltic Dry Index Surge Continues, Hits Symbolic 500 Point Mark, Pushes to New 2016 High After Jumping 21% in a Week

Rising demo prices also lend support to scrapping activity.

6 Apr 2016

Surging Dry Bulk Rates Are "Just Prolonging the Pain" for the Sector

While the Baltic Dry Index gained another 16 points Tuesday to reach 487, industry commentators advise caution in celebrating the index's rise.

6 Apr 2016

MAN: Even Bigger Propellers and Lower Speed Engines Should Give 4-7% Bunker Savings

The news comes as part an announcement of MAN's delivery of the "world's first" IMO-certified two-stroke engine with Tier III NOx Control and EGRS.

6 Apr 2016

Navis Aims to Slash Bunker Bill by 30% with Battery-Diesel Hybrid Propulsion

NAVIS says the design will be the first hybrid battery-diesel propulsion longliner in Iceland.

6 Apr 2016