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Ferry's Bunker Saving Solar System Recognised With Energy Efficiency Award

The silver award was given the award for the Blue Star Ferries Innovative Renewable Energy Sources plan.

Low Gas, Crude Prices Slowing Investment in Asian LNG Bunkering: Read Smith

Lack of traffic and infrastructure are also obstacles against growth.

Baltic Dry Index Falls Every Day in First Week of 2016 to New Record Low of 429

The dry bulk sector's key benchmark has fallen every day so far in 2016, and set a fresh record low on four of the five reporting days of the year so far.

Bunker Prices Have Fallen 75% Over the Last 24 Months

The average IFO380 price across Singapore, Houston, Fujairah, and Rotterdam fell from $597 pmt to $146.50 pmt in the 24 months to Jan 7, 2016.

Freight Rates Down on Falling Bunker Prices, Overcapacity: Drewry

Data from the Drewry's Benchmarking Club shows contract ocean freight rates on major East-West trade routes fell again in 2015's last quarter.

Drewry: Bunker Prices Are "Propping Up" Box Lines, Anticipates $5 billion-Plus Losses in 2016

The consultancy calls for more vessel removal and restructuring in order to bring about stability.

Bunker Price Slide Set to Continue as Bank of America Merrill Lynch Warns Oil in the $20's Looks Increasingly Likely

Investors are protecting themselves by acquiring put options with the right to sell at $25.

Brent Falls Under $34/bbl After a Volatile Day for Crude

Bunker prices were mixed today as suppliers were trying to mark to market with respect to volatile swings in crude levels.

Dry Bulk Woes Deepen: Big Slide Sees Baltic Dry Index Fall to Yet Another New All Time Low

Of the four days that the sector's key barometer has been published in 2016, it has been at an at-the-time record low for three of those days.

Weekly Vessel Scrapping Report: 2016 Week 1

Weekly Vessel Scrapping Report: 2016 Week 1

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from December 24 2015 – January 6, 2016.

SSI: Financial Pressure to Reduce Bunker Bills "Simply Not There"

Alastair Fischbacher, CEO of SSI, says low fuel prices are preventing the shipping industry from improving their efficiency efforts.

MOL: Low Crude Prices Have Provided "Twin Benefits" of Lower Bunker Costs, Increased Tanker Demand

Despite cheap crude's positive effects, MOL 's CEO says that even the tanker market "cannot realistically expect favorable conditions will go on forever."

BIMCO: Shipping Should "Brace Itself" for Another Challenging Year

BIMCO says its hope for a bounce-back in 2016 is waning, and a "new normal" has arrived.

Slashing Capacity the Only Way to Achieve Stability for Box, Dry Bulk Markets: Moore Stephens

Richard Grenier says the dry bulk sector will probably have to reduce the newbuilding orderbook and increase ship recycling in 2016.

Crude Futures Plunge, Brent Drops Under $35/bbl

U.S sweet crude contracts, for February delivery, cooled off by $2.00 per barrel to settle at $33.97.

Baltic Dry Index Falls to Another All Time Low

Scrapping in the sector during 2015 was also reported to be the second highest on record.

Star Bulk Sells Four Newbuilds

The four newbuilding Capesize vessels, which are currently under construction in China, are said to have been sold at a total price of $148 million.

WTI Falls Back Under $36/bbl, Brent Back Under $37/bbl

Bunkers were mostly soft today in the primary ports.

Cockett Marine Oil Formally Establishes Liaison Office in India

"India is a very strategic location and offers tremendous opportunities for the Group," says Group CEO Karl Beeson.

Asia-Europe Freight Rates More than Double in the Final Week of 2015

Data from the Shanghai Containerized Freight Index shows that rates on Asia to Northern Europe routes jumped to $1,232 per TEU last week.

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