World News

Despite Willingness To Consider Freeze, OPEC Output is Rising

Iran and Iraq lead the charge in a total OPEC March output of $32.47 million bpd.

31 Mar 2016

Crude Down After EIA Report

The talk of an OPEC freeze received a dowsing of cold water out of the Middle East and by the end of the session crude had come back down to settle flat.

30 Mar 2016

Dry Bulk Rates Continue Increase, but Pessimism Still Abounds

Alcide Ezio Rosina, President of Premuda, says the beginning of 2016 has been "shocking."

30 Mar 2016

Crude Bears Back in Full Force

Bunker buyers can put their feet up and welcome it with the beautiful Spring weather.

29 Mar 2016

Corvus Ink Deal for its "Next Generation" Maritime Energy Storage Systems

Corvus says it will get access "to the most cost-effective, high quality cells available today and into the future."

29 Mar 2016

Greek Operator's Newbuilds to Feature 5% Bunker Saving Propellers

The bunker savings come from company's EnergoProFin solution, a propeller cap with fins that rotates together with the propeller.

29 Mar 2016

Trump Adds to Oil Price Uncertainty, Says if Elected he Could Halt Saudi Oil Purchases

The presidential hopeful says we're less dependent on Saudi and other Arab nations due to technology plus U.S. oil production.

29 Mar 2016

ViswaLab Urges Shipowners to Vote Against Changes to Quality Clause 5 in ISO8217

ViswaLab renewed its call for shipowners to vote against a change that would see a reference omitted that protects bunker users from poor quality fuels.

29 Mar 2016

US OW Bunker Related Vessel Arrests Continue as UK Mulls Final Decision in Test Case

On March 22, ING is said to have filed a lawsuit for $309,532.06 in a U.S. District Court against bulk carrier Clipper Kasashio.

29 Mar 2016

Oil Volatility Leading Up to OPEC Meeting, Market Rebalance Afterward: Mirabaud

Analyst says supply reduction is necessary to have a "meaningful impact" on prices.

29 Mar 2016

Quiet Day for Oil Prices

Bunkers were mostly steady in the primary ports.

28 Mar 2016

63 Months Jail, $34 Million in Restitution Payments for Singapore National's Role in GDMA Scandal

The scheme included the inflating of bunker prices through false invoices to build undisclosed markups.

28 Mar 2016

Scrubber Uptake Adding to Refiners' Uncertainty Over ECA Bunker Demand

IBIA CEO Peter Hall says strong scrubber uptake "may leave refiners uncertain about investing to meet the new demands of the marine market."

28 Mar 2016

OW Bunker Test Case: Wrongly Assumed Facts, Credit Periods, Cross Claims, Intent of the Original Bargain all Matters for Consideration

Appellants also say lower court decisions were distorted by having "half an eye on what they assumed the consequences might be."

28 Mar 2016

Dry Bulk "At the Bottom of the Bottom"

Moore Stephens' latest survey shows overall shipping confidence levels at historic lows.

25 Mar 2016

Operator Sees Potential for "Huge" Bunker Savings on its Larger Vessels

Bill Metcalf, VP of Strategic Engineering at Crowley Maritime, says CAT's Asset Intelligence software could be used to glean bunker savings on larger vessels.

25 Mar 2016

Maersk Line and Maersk Tankers Eye Bunker Savings with Weathernews Deal

The deal is said to include weather routing services, port forecasts, and other weather-driven risk communication services to enhance bunker-savings.

25 Mar 2016

Another Bulk Carrier Arrested in Singapore

The Supramax was arrested on Thursday at 12:00pm local time.

25 Mar 2016

Weekly Vessel Scrapping Report: 2016 Week 11

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from March 17 – March 23, 2016.

24 Mar 2016

Minerva Marine Installs Bunker Saving Vessel Monitoring Systems

BMT SMART has announced the installation of its vessel performance monitoring system on board two Minerva Marine chemical tankers.

24 Mar 2016