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Weekly Vessel Scrapping Report: 2016 Week 4

Weekly Vessel Scrapping Report: 2016 Week 4

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from January 21 - January 27, 2016.

Neste, AS Tallink Grupp Renew Low Sulfur Bunker Supply Deal

Delivery of new low-sulphur fuel strengthening strategic partnership between Neste and AS Tallink Grupp.

Press Release: KPI Bridge Oil Group Launches Brand Refresh Campaign

"We are responsive maritime partners," is the company's new tagline.

Crude Futures Continue to Make Gains

Front month contracts for March delivery have gained back nearly 20% of their losses since last week.

TOTE Receives 2nd LNG-Powered Container Ship Ahead of Schedule

The LNG fuelled Perla Del Caribe joins its sister ship, the Isla Bella, in being delivered two months ahead of schedule.

Dry Bulk Descent Deep into Record Lows Continues: Baltic Dry Index Hits 337, but JP Morgan Sees Better Times Ahead?

The investment bankers have given upgrades to three listed dry bulk companies.

Wärtsilä, Cavotec to Develop First Wireless Marine Charging System

The system aims to eliminate both mooring lines and charging cables.

SENER Designs New LNG Bunkering Vessel

The 8000 m3 capacity LNG-propelled vessel is said to have been designed for navigation, maneuverability, and operation in rough conditions.

Low Bunker Prices No Blessing for Box Carriers

"Like it or not, the container shipping fleet can cater for a much higher transport requirement than it does today, without growing at all for a few years."

Contracting for New Vessels Down 40 Percent

But Clarksons Research says this is not enough to improve market conditions.

Bunker Technology: This is What You Need to Know About ClearLynx

Bunker Technology: This is What You Need to Know About ClearLynx

"It's not a Faith in Technology. It's Faith in People."

Brent Futures Firm

Crude prices rallied today as speculators anticipate OPEC and Russian oil exporters would scale back production.

Baltic Dry Index Resumes Its Decline, Falls to New Low of 345

While the cape index at least had seen some gains over the last few sessions, today, rates were down across the board.

Oil Prices Retreat

In the last two trading sessions both ICE and NYMEX crude contracts surged 10%.

Baltic Dry Index Doesn't Fall for First Time in 2016

The Baltic Dry Index nevertheless remained at a historical low.

Anthony Verder Announces "First Sustainable Shipping Loan"

The €66 million Euro Private Placement is said to be fully certified in accordance with Bureau Veritas' Clean Shipping Index Guidelines.

Troubled Dry Bulk Player Looks to Exit Market

Another major player says the market is "in its most distressed position since the mid-1980s."

Singapore Bunker Player Looking to Load 120,000 Tonnes of Iranian Fuel Oil

Despite sanctions being lifted, insurance is still a final problematic hurdle, one local player warns.

Scorpio Bulkers: We Will Go Under if This Market Persists

But the upside "could be very high" once the dry bulk recovery eventually kicks in.

BIMCO: Dry Bulk Scrapping to Hit Record 40m DWT in 2016

BIMCO also says record 2016 shipbreaking volumes could limit fleet growth to 10 million DWT.

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