World News

Crude Ends the Day Making Slight Gains

Bunker prices were stable in the primary ports today but keep an eye on the EIA report tomorrow for market direction.

5 Apr 2016

IMO Should Address GHG Shipping Emissions at MEPC 69, Says SSI

The SSI asserts that, at the very least, MEPC 69 must reach a formal agreement on emissions reductions targets and accompanying work plan.

5 Apr 2016

Bunker Prices, Economic Cycles Driving Ship Efficiency Gains, Not IMO's EEDI Standard: NGOs

Seas At Risk and T&E say a new study shows that the IMO's EEDI is too weak to drive shipping's adoption of new efficiency tech.

5 Apr 2016

Group of 26 Investors File Suit in Copenhagen Against OW Bunker, Executive Team, and Altor

The group, which includes ATP and PFA, allege that the now defunct company was misrepresented in its 2014 IPO.

5 Apr 2016

Bunker Spill Ship Wreck No Longer Considered a Hazard

While some oil still remains on the sunken MV Rena, officials say the vessel is no longer classified as a hazard.

5 Apr 2016

Norway Ferry Operator Looking to Switch to Battery and Bio Fuel Propulsion

Norway's Hurtigruten says its has intentions of transitioning to vessels with dual battery and bio fuel propulsion in the coming years.

5 Apr 2016

Baltic Dry Index Continues to Soar on Surging Capesize Rates

The BDIs continued upward movement comes alongside news of MOL's major restructuring plan that will see its Capesize fleet reduced by 10 percent.

5 Apr 2016

Industry Insight: Bunker Surveyors in a World of Mass Flow Meters

Is it time for bunker surveyors to hang up their boots?

5 Apr 2016

Oil Down as Saudi Arabia and Iran Continue to Contend with the Idea of a Production Freeze

Analysts anticipate more volatility between $30 and $40 per barrel.

4 Apr 2016

Brittany Ferries Completes £60 Million Green Investment with Scrubber Installs

Brittany Ferries says it has installed scrubbers on six of its cruise-ferries over that past 18 months.

4 Apr 2016

Bomin Appoints Global Head of Bunker Operations as Supplier Eyes Global Growth

Christensen's new role was one of a number of "significant appointments" made by Bomin to its leadership team.

4 Apr 2016

Quadrise Seals Consultancy Agreement with Former Executive Chairman

The agreement is intended for Williams to provide "ad hoc general and strategic advice" to the company's new executive chairman and board.

4 Apr 2016

Don't be Fooled by April 1 Surge in Baltic Dry Index, Analyst Warns

BDI achieved its biggest one-day jump of 2016 Thursday, beating that Friday with a further 21 point jump, representing the biggest 2 day jump of the year.

1 Apr 2016

"Fragile Five" OPEC Producers Facing Economic Collapse: RBC Capital Markets

Unless oil markets recover soon, RBC says these countries will succumb to social and political problems, leading to an oil-supply shock.

1 Apr 2016

ETI Issues Call for Partner on 8% Bunker Savings Project

"This project will aim to develop and demonstrate a commercially viable solution," says ETI.

1 Apr 2016

Modest Gains for Crude as Month End Contracts Expire

However the market remains oversupplied and the market remains skeptical that prices will continue to rise in the near term.

31 Mar 2016

Weekly Vessel Scrapping Report: 2016 Week 12

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from March 25 – March 30, 2016.

31 Mar 2016

Quadrise: Economics of MSAR Emulsion Bunkers Still "Remain Sound" Despite Low Oil Price

The "Quadrise value-add" stems from the price differential between HFO and distillate fuels, the company says.

31 Mar 2016

MES Delivers Newbuild Eco Bulk Carrier

The Marshall Islands-flagged vessel is said to have a Mitsui-Man B&W Diesel Engine 6S50ME-B9.3

31 Mar 2016

Carriers Stick with Slow Steaming as Rock Bottom Rates Outweigh Gains from Sharp Fall in Bunker Costs

The cost of speeding up is still more expensive than chartering an extra vessel, says Alphaliner.

31 Mar 2016