World News

Baltic Dry Index Makes First Positive Move in 2016
The Baltic Dry Index rose 1 point to reach 291 on Friday, the index's first upward movement so far in the 2016 year.
12 Feb 2016
K-Line Launches Eco-Ship Featuring Solar Power Technology
Solar Frontier says its CIS solar panels have been installed on a vessel owned by K Line, said to be the newest environmentally friendly transport ship.
12 Feb 2016
Cryonorm Completes LNG Fueling Station for Barges and Trucks
The station is said to have been built for Royal Rotra near the company's new container terminal in Doesburg, Netherlands.
12 Feb 2016
Dry Bulk Vessel Owners Eye Operator Pools for Relief
But some critics say the market is too fractured for pools to do any good.
12 Feb 2016
Fine Art and Bunkering? Prepare to be Impressed With These Stunning Vessel Images
The close up, waterline perspective of vessels that suppliers experience on a regular basis has been the catalyst for a series of impressive works of art.
12 Feb 2016
Brent Closes Just Above $30/bbl
Bunkers were soft today in the primary ports and we urge buyers to take advantage of the current market.
11 Feb 2016
Representatives from Dan Bunkering, Port of Gibraltar, Energy Petrol Join IBIA Board
The appointments were announced at the Association's 23th annual dinner.
11 Feb 2016
Dry Bulk Bankruptcy Wave Approaching, Warns Precious Shipping CEO, as BDI Falls to 290
Khalid Hashim, CEO of PSL, has issued a warning that a wave of bankruptcies in dry bulk shipping could be seen as banks roll back loan policies.
11 Feb 2016
Goldman Sachs: No Surprise if Oil Drops into the Teens
"The most striking feature of this market, relative to past cycles, is the lack of a supply response," says head of commodities research Jeff Currie.
11 Feb 2016
Drones to Monitor Vessel Emissions in the Bosphorus Strait
Turkey is joining a growing number of nations in the use of technology to ensure maritime regulatory compliance.
11 Feb 2016
IMO Tonnage Verification for BWM Convention Confirms More Ratifications Needed
The IMO says a tonnage verification process has been completed, providing official confirmation that the required tonnage criteria still not been met.
11 Feb 2016
Demand for Fuel Monitoring Systems Unaffected by Low Oil Price, Says Royston
Royston says the increased demand has been spurred by international oil companies' growing insistence that fuel monitoring systems be fitted on OCVs.
11 Feb 2016
Wärtsilä Engines Powering Japanese Shipping Industry Into the "Gas Age"
Finnish power plant manufacturer currently building 61 engines for Japanese gas-powered ships.
11 Feb 2016
IEA: OPEC Turning Up The Taps in 2016 Despite Demand Reduction
The agency repeats an earlier prediction that global demand will be scaled back to 1.2 million bpd this year.
11 Feb 2016
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 4 – February 10, 2016.
11 Feb 2016
Mercator Sells Singapore-Based Dry Bulk Carrier Subsidiary for Three Dollars
Three buyers, unrelated to Mercator, each paid SGD 1 ($0.72) under the deal.
11 Feb 2016
Crude Futures End the Day Mixed After Heavy Volatility
Bunker prices were swinging in both directions in the primary ports, but overall the markets were still silent due to the closures in the Far East.
10 Feb 2016
Hempel Antifouling Coating Delivers Fuel Savings for Lemissoler
Hempel's Dynamic antifouling product is said to have provided Lemissoler Navigation with "significant" fuel savings on four newbuild bulk carriers.
10 Feb 2016
Paris Climate Target "Impossible" Without Shipping Emissions Reductions, Say NGOs
Seas At Risk and T&E say the global warming limit agreed to during COP 21 won't be met without IMO and EU shipping emission reduction measures.
10 Feb 2016
Vitol CEO: Crude Prices in a $40 to $60/bbl Band for Next Decade
Ian Taylor adds that he believes prices will rebound in the second half of 2016, reaching $45 to $50 per barrel.
10 Feb 2016