World News

Date Set for Opening of Expanded Panama Canal
The Panama Canal Authority has announced the expanded canal will open June 26.
24 Mar 2016
"Historic" Amount of Cancelled Investments Will Cause Oil Price Spikes in the "Not-Too-Distant" Future: IEA
The Agency says $300-billion in spending is required "just to stand still."
24 Mar 2016
IEA Joins the Legion of Freeze Output Critics, Calls the Proposal "Meaningless"
But the agency also believes that "the worst is over for [oil] prices."
24 Mar 2016
OW Bunker Test Case: ING Wants 100% of the Bunker Bill, but OW Would Have Only Got "Perhaps 1%"
Jonathan Crow QC said the suggestion that the risk of double payment does not exist "is complete nonsense."
24 Mar 2016
In a Nutshell: What is the "Res Cogitans" OW Bunker UK Test Case and Why is it Important
In a Nutshell: What is the "Res Cogitans" OW Bunker UK Test Case and Why is it Important
Five Lords at the UK Supreme Court will decide who a bunker buyer should pay for the bunkers it bought.
24 Mar 2016
Baltic Dry Index Breaks 400, as Orders for New Ships Virtually Stops
BIMCO says despite the positives, the dry bulk market is "still looking bleak."
24 Mar 2016
ICS Urges Shipping to Embrace Tech to Reduce Costs and Optimise Performance
Esben Poulsson, Vice Chairman of ICS, said "it is clear that companies need to be more innovative in their approach."
24 Mar 2016
Crude Falls After Inventory Build
The EIA reported a build of more than three times expected estimates prior to the release.
23 Mar 2016
LR, HHI, and GE Designing LNG-Electric Powered Container Ship
The three companies are working together to design a 14,000 TEU container ship powered by LNG fuelled gas turbines and electric motors.
23 Mar 2016
Bunker Quality: Why Changes to ISO 8217 Increase the Need for Condition Monitoring
There is an increasing expectation that operators will need to show evidence of due diligence in detecting and avoiding bunker related damage.
23 Mar 2016
Inchcape Shipping Services Expands in Mexico
Inchcape Shipping Services to expand its service offering in Mexico.
23 Mar 2016
Bullish Sentiment in the Oil Markets Retreats During Early Trading
Investors will be looking for tomorrow's EIA report and expectations are for the addition of 3 million barrels for the past week.
22 Mar 2016
Allianz Highlights Unexpected Safety Implications from Lower Emissions Bunker Fuels
AGCS says that for 2015 it "has seen an increase in machinery claims in relation to fuel."
22 Mar 2016
Baltic Dry Index Starts Week on a Positive Note as Dry Bulk Scrapping Escalates
The BDI gained 3 points to reach 398 Monday as dry bulk scrapping is reported to have sped up over January and February of this year.
22 Mar 2016
Kilduff Says Forget the Hype, Oil Will Fall Back to $25/bbl
The analyst also calls the market reaction to the impending production freeze talks "ridiculous."
22 Mar 2016
Crude Ends the Day Higher
Bunker prices were mostly stable in the primary ports.
21 Mar 2016
DNV GL Launch New Portal to Support Uptake of LNG Bunkers
Shell, MAN, and Rolls-Royce among first users.
21 Mar 2016
Fujairah Bunker Market Facing Headwinds from "Flood" of Iranian Oil
Aegean President E. Nikolas Tavlarios says overall he expects the volatile, low price environment will persist.
21 Mar 2016
Stock Analysts Bullish Over Aegean Prospects
Analysts have assigned a price target of $14.50 for Aegean in the coming period, with a trading range of $11 to $16.
21 Mar 2016
Moody's: Benefit of Falling Bunker Prices for Box Carriers Will Fade in 2016, Global Shipping Outlook Changed to Negative
As supply-demand gap widens and earnings decline bond rater takes negative stance on shipping sector.
21 Mar 2016