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Baltic Dry Index Continues to Rise, Hits 313, as Idling of 3yr Old Vessels is Now Being "Seriously Considered"

The BDI gained another 6 points Thursday, while Golden Ocean's CEO says he is confident there will be "massive scrapping" of older vessels.

WTI Continues to Firm

Bunker prices were mixed today in the primary ports but the overall consensus of the bunker market has been trending upward.

Weekly Vessel Scrapping Report: 2016 Week 6

Weekly Vessel Scrapping Report: 2016 Week 6

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from February 11 – February 17, 2016.

Baltic Dry Index Rises for 4th Consecutive Day to 307 as Scrapping Accelerates

Average TC spot rates for both Panamax and Supramax segments also saw positive movement, rising to earnings of $2862 and $2710 per day, respectively.

New DHL Service Offers Efficient Tonnage Option to Customers

DHL's Green Danmar service is said to allow customers to select a container carrier that is over 5 percent more carbon efficient than the industry average.

Crude Futures Surge on Iran Comments

Both Brent and WTI front month contracts settled firm, leading to much higher bunker prices across the board today.

ABB to Supply Bunker Saving Tech to Innovative New OSVs

ABB says the two vessels will feature the company's Azipod D and its Onboard DC Grid, both working to boost the ships' fuel efficiency.

OMV Aims to Sell Petrol Ofisi

Austria-based OMV says it is looking to sell up to 100 percent of its Turkey-based subsidiary.

Baltic Dry Index Rises Above 300, But Bleak Market Conditions Predicted for Next Six Months

MSI says positive news for dry bulk's outlook will stem from demand precipitated from expected strong Latin American grain exports.

CMA CGM and China COSCO Look to Solidify New Mega-Alliance

Alphaliner says CMA CGM and China COSCO are looking to align with Evergreen and OOCL, possibly breaking up 3 current main East-West alliances.

Saudi Arabia, Russia, Qatar, Venezuela Agree to Oil Output Freeze

But analysts say the initiative will have little or no effect.

Crude Futures End the Day Down After a Volatile Day

Bunkers were mixed today in the primary ports as suppliers tried to move in tandem with oil prices.

OW Bunker: UK Court Grants Leave to Appeal in Res Cogitans Test Case

The date for the hearing has not yet been announced.

Saudi, Russia, Venezuela Meeting in Qatar Prompts Price Rally

But analysts continue to question the efficacy of any plans to cut output.

Singapore Monthly Bunker Sales Over 4 Million mt for Second Consecutive Month

There were 3,640 calls for bunkers during the month, the second highest ever.

January Sees Huge Spike in Dry Bulk Scrapping

53 dry bulk vessels were scrapped in the first month of 2016, accounting for 70% of all vessels scrapped in January, and a 20% increase from December.

2020 Global Sulfur Cap: IBIA Warns of Extreme Price Differentials, Low Compliance Levels

The IBIA says supply of marine fuel with a less than 0.5% sulfur content will likely be insufficient if the global sulfur cap is implemented on bunkers in 2020.

Safe Bulkers: Losses Wider than Expected Despite Low Bunker Price Fuelled 32% Reduction in Voyage Costs

But investors seem undeterred, with the company's share price rising some 30% last week.

US Shale Oil Production to Double in 20 years: BP

The British energy giant credits technological innovation for the rise.

Viswa Lab: ISO8217:2010 Favours Bunker Suppliers

The company says Clause 5 and Annex B protect fuel suppliers from penalty in the event of engine failure due to poor or contaminated bunker fuel quality.

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