World News

Looming BWM Convention is Raising the "Life or Death" Stakes for Beleaguered Ship Owners

The coming into force of the convention will introduce the industry "to a tsunami of compliance costs and uncertainties," says the UK Chamber's Anna Ziou.

21 Mar 2016

ETI Eyes 10% Real World Bunker Savings with New Flettner Rotor Sail Project

ETI is currently looking for expressions of interest to design, supply, fit and demonstrate flettner rotor sail technology on a large OGV, sourced by ETI.

18 Mar 2016

Alphaliner: Low Bunker Prices Prompt Increased Sailing Speeds, Detours as Idle Box Fleet Soars to "All-Time High"

Alphaliner's latest weekly report says that the idle container ship fleet reached a new record high of 1.57 million TEU at the beginning of March.

18 Mar 2016

MOL Gets 1.5% Bunker Savings from Vessel Autopilot System

ACE is said to estimate disturbance factors during a voyage, including wind and tide, optimally controlling the helm to reduce route deviation.

18 Mar 2016

Crude Extends Gains

Bunker prices continued to firm in the primary ports.

17 Mar 2016

Weekly Vessel Scrapping Report: 2016 Week 10

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from March 10 – March 16, 2016.

17 Mar 2016

Recent Ruling Spells Bad News for Physical Suppliers Caught With OW Bunker "Double Payment" Claims

"The significance of the decision is that it prevents the shipowners from being subject to potential double payment for the bunkers," says Jones Walker LLP.

17 Mar 2016

Baltic Dry Index Ends 5 Week Rising Run as Analyst Sees No Real Recovery Until 2018

A period of gains that started on February 12 has come to an end, but the BDI has risen 35.5 percent in that time.

17 Mar 2016

Scorpio Bulkers Announces New Share Float Plans

The dry bulker will offer 21 million common shares, with Scorpio related parties said to already be interested in at least $15 million worth of them.

17 Mar 2016

Crude Inventory Build Less than Half the Amount Expected

Figures proved analysts had overhyped the build in crude.

16 Mar 2016

Aegean Overcomes "Industry Headwinds" to Post Record Bunker Sales Volumes

Full year 2015 bunker sales volumes were up 14%.

16 Mar 2016

Oil Output Freeze: OPEC, Non-OPEC Producers to Meet April 17 in Doha

Around 15 producers representing some 73 percent of global oil output are now in support of the freeze, says Qatar.

16 Mar 2016

Nepa Working Toward Dry Bulk Pool

Pappu Sastry, Managing Director at Nepa Projects and Investments says the dry bulk players could benefit from the arrangement in a difficult market.

16 Mar 2016

Maersk Line : Alliance Shakeup Will Cause Year-Long Disruption

The CKYHE Alliance, the Ocean Three Alliance, and the G6 Alliance will restructure as a result of recent M&A activity.

16 Mar 2016

Bunker Price Volatility, Uncertainly Set to Continue

Some analysts think an oil price recovery is crucial, while others say new lows are required to end the oil glut.

16 Mar 2016

Baltic Dry Index Edges Up to 396 as Players Prepare for Market Recovery

"We firmly believe that current market conditions represent a unique opportunity to acquire quality tonnage," says Seanergy Maritime.

16 Mar 2016

ABB Claims 6% Bunker Savings from New Electric Power System

"No matter what bunker costs are now, ship owners look to the long term and always want ways to maximize fuel efficiency," says ABB.

16 Mar 2016

Know Your Counter Party: OceanConnect Marine

OCM's Ethan Ram, Chief Operating Officer, talks to Ship & Bunker about the company's past, present, and future.

16 Mar 2016

Crude Continues on Downward Trend

Analysts are anticipating another record high in crude inventories tomorrow.

15 Mar 2016

OPEC Downsizes 2016 Forecast for its Global Crude Demand

However, the cartel says overall demand growth for oil remains unchanged.

15 Mar 2016