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BIMCO Issues Guidance on Bunker Contract Amendments in Wake of Expedited OW Bunker Test Case Hearing

A new Clause 25 has been added to the BIMCO Terms 2015 incorporating the recommended wording.

OW Bunker "Double Payment" Test Case Granted Expedited Hearing

The outcome of the Res Cogitans "test" case will determine if shipowners with outstanding OW Bunker invoices are open to double payment of bunkers.

0.5% Global Sulfur Cap: ICS and INTERTANKO Push for October Decision on Implementation Date

The two organisations want MEPC to agree at its 69th session that a date for the implementation of a 0.5% global sulfur cap will be set at its 70th session.

Get Set for the 2023 Oil Glut

A rise in the number of electric cars is predicted to be the trigger for a massive drop in oil demand.

Crude Futures Climb on Freeze Speculation

Bunker buyers should start working inquiries earlier as yesterdays prices might continue to look cheaper and cheaper.

MOL Restructures Dry Bulk Business

MOL says that it will establish a Dry Bulker Business Unit and an Energy Transport Business Unit, effective April 1, 2016.

Western Bulk Chartering Sale Challenged by Bulk Invest Creditors

Bulk Invest says the allegations behind the legal injunction are "completely unfounded."

Hapag-Lloyd Operating Profits in Line with Expectations, Buoyed by Lower Bunker Expense

The Germany-based carrier says its average bunker consumption price fell to $312 per tonne in 2015, compared to $575 per tonne in 2014.

Dry Bulk Mega-Merger Binge on the Way?

A brutal 2015 may have set the stage for a coming wave of acquisitions, mergers and tie-ups.

Moving Away from HFO Key to Achieving Sustainable Shipping, Says SSI

The Sustainable Shipping Initiative's Vision for 2040 is to transform shipping's reliance on heavy fuel oil to a diverse mix of low carbon energy sources.

Iran's 1.2 Million MT February Fuel Oil Exports to be Split Between Singapore and Fujairah

Iran fuel exports are ramping up, putting downward pressure on prices according to report.

IMO Committee Agrees to Amendments for Draft Bunker Delivery Note

The changes relate to the supply of fuel to vessels fitted with alternative mechanisms for addressing sulfur emissions requirements, such as scrubbers.

Ongoing Speculation Keeps Crude on the Rise

Bunkers were softer in early trading but firmed by the end of the day with correlation to crude prices.

20|20 Vision: The Transition to Distillates is Going to be Messy

20|20 Vision: The Transition to Distillates is Going to be Messy

The bunker industry was already confused as to what would happen to all the fuel oil when we transition to low sulfur fuels, now we are even more confused!

Golden Ocean Warned of NASDAQ Delisting Risk

Golden Ocean has received notification that it failed to meet NASDAQ's required minimum $1.00 per share bid price for 30 consecutive days.

BIMCO and ISCO Cooperate on Bunker Spill Response Contract Development

Last week in London, the two organisations started work on the development of a standard contract for hiring of spill response services and equipment.

AkzoNobel Announces More than $500,000 in Carbon Credits for Bunker-Saving Coatings

The company says it has issued more than 126,000 carbon credits to ship owners who have switched vessels to fuel-saving, biocide-free hull coatings.

Weekly Vessel Scrapping Report: 2016 Week 7

Weekly Vessel Scrapping Report: 2016 Week 7

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from February 18 – February 24, 2016.

Container Alliance Shake Up on Hold, Says China COSCO Shipping

The recently merged company says that it will maintain its two current shipping alliances while it carefully considers its potential future alliance partners.

Crude Sees Another Volatile Day

Bunkers were mixed today in the primary ports.

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