News Prices Demand Map

Free Registration
& Daily Email

World News

K Line: Bunker Prices Provided a Buffer from a Tough Market in 2015

In a new year address, "K" Line's CEO says he does not expect to see recovery for the container or dry bulk market in 2016.

Baltic Dry Index Starts the Year Falling to Just 2 Points Above All Time Low

The Baltic Dry Index fell to 473 on Monday, with weak demand from China largely credited for the tumble.

2016's Lowest Bunker Prices Could be in Q1, Latest Thinking from BP Suggests

BP Chief executive Bob Dudley is predicting oil prices to bottom out in early 2016 Q1, and not fall under $30/bbl.

6 Countries are Responsible for Almost 60% of All Bunker Sales

Singapore, Fujairah, Rotterdam, Hong Kong, and Antwerp are the top 5 ports.

OPEC Warns on Substantial Spike in Low Sulfur Bunker Prices, Heavy Discounts for HSFO

As in 2008, diesel-IFO differentials of $600/tonne could recur and remain until the market is able to respond, "which could take some time."

Crude Futures Start the Year Down

By the end of the day both ICE and NYMEX markets leveled off due to more problematic short term issues.

New Analysis Predicts "Astounding" Growth in Global LNG Bunkering Market

Transparency Market Research says market will expand at 63.6 percent CAGR.

Low Bunker Prices Push Up Tanker Worldscale Rates for 2016

The news comes following the Worldscale Association's annual rate recalculation.

Bunker Demand Has Seen Only "Marginal" Growth Since 2008

OPEC says growth had been curbed by bunker reduction efforts including slow steaming, and more efficient ship designs.

Bunker Consumption Outlook: Demand Expected To Increase Almost 90% in Developing Countries

OPEC expects fuel oil to be "almost entirely eliminated" from the European bunker markets by the end of 2040.

Ship Owners Have "Little Incentive" to Invest in Scrubbers Prior to 2020, Says OPEC

There is uncertainty over the implementation date for a new global sulfur cap, and bunker costs can generally be passed through to the end customer.

Scorpio Bulkers Sells 5 More Vessels, Announces Reverse Stock Split

Scorpio bulkers says it has agreed to the sale of three Capesize dry bulk vessels and two newbuilding Capesize dry bulk vessels.

Traditional Bunkers Will Trump LNG Well into the Future: OPEC

The cartel says the high cost of LNG development versus the current low cost of oil will dissuade significant investment.

Cyprus Sees Bunker Sales Drop

The total stocks of petroleum products at the end of November rose 6.1 percent compared to the previous month.

OW Bunker Collapse: SØIK Aiming to Conclude Criminal Liability Investigation in 2016

A new report released by OW Bunker's bankruptcy trustees will be taken into consideration within the organisation's own investigation.

Altor: OW Bunker Management Not Responsible for Bankruptcy

Tor Krusell of Altor says there are "no indications that the management of OW Bunker had information which could have prevented this tragic situation."

CEO of Dry Bulk Shipper Globus Maritime Steps Down

Dry bulk shipper Globus Maritime said its outgoing CEO and director Georgios Karageorgiou will be replaced by the son of the company's Chairman.

Bunker Player Delivers Positive Energy for the Holiday Season

Rather then send gifts this year, the supplier took the decision to use the funds for charitable work.

Crude Futures Back Under $37/bbl

DOE data showed a build of 2.6 million barrels in U.S. commercial crude stocks.

Industry Insight: Selling Ice to Eskimos

Industry Insight: Selling Ice to Eskimos

Oil is quickly becoming the unpopular kid at school… and it's not just the really cool kids saying so.

‹ 652 653 654 655 656 ›