News Prices Demand Map
Free Registration
& Daily Email Subscribe

World News

Baltic Dry Index Falls to New All-Time Low for a 2nd Consecutive Day
The Baltic Dry index fell a further 2.7 percent Wednesday, marking yet another all-time low for the metric.
17 Dec 2015
WTI Falls Under $36/bbl
API data on Tuesday signaled there would be a draw of 2.5 million barrels but DOE data showed a rise of 4.8 million barrels.
16 Dec 2015
IMO "Full Speed Ahead" On Climate Change in Wake of COP21
IMO says it remains strongly committed to addressing emissions from shipping, despite exclusion of the industry from specific mention in a new UN agreement.
16 Dec 2015
Costa Rica Could See 35% Hike in Bunker Fuel Prices
A new proposal seeking to change fuel prices across Costa Rica could result in notably higher bunker prices, according to the local chamber of industry.
16 Dec 2015
Morgan Stanley Warns of a "Losing Battle" for Some Dry Bulk Owners as it Slashes Spot Rate Predictions
The investment bank says the market will remain "under pressure" through 2017.
16 Dec 2015
Nigeria: OPEC Will Need a "Very Urgent" Meeting if Prices Don't Recover
Emmanuel Kachikwu says OPEC is still hoping prices will recover by February.
16 Dec 2015
OPEC Secretary-General: Low Oil Price Cycle "Will Not Continue"
Abdullah al-Badri says oil prices will rise in "a few months or a year."
16 Dec 2015
Russia Prepares for $30 Oil in 2016, Which Could Mean $115 Bunkers in the Primary Ports
Russia has also played down earlier suggestions of further OPEC/ Non-OEC talks.
16 Dec 2015
Trafigura Forecasts Tougher Market for Tankers in 2016
While lower bunker costs supported earnings in all tanker segments during 2015, Trafigura says 2016 will bring tougher conditions for the tanker market.
16 Dec 2015
Baltic Dry Index Slumps to Fresh All Time Low of 484
A notable decline in the Capesize Index has brought the Baltic Dry Index to the lowest level since the metric began tracking in 1985.
16 Dec 2015
Crude Futures Edge Up
The following days should play a pivotal role in market direction.
15 Dec 2015
Adrian Tolson Launches New Consultancy, 20|20 Marine Energy
New firm to help companies create and implement strategies for purchasing and selling marine energy, and develop bunkering infrastructure.
15 Dec 2015
Shipping Industry Welcomes New UN Climate Change Agreement: ICS
International Chamber of Shipping says despite explicit mention of shipping, industry will "engage meaningfully" on emissions after a new UN agreement.
15 Dec 2015
Quadrise Signs Deal to Apply Emulsion Fuel Tech to Proprietary Grade of Oil Residue
The contract was said to cover pilot-scale testing with extra-heavy hydrocarbon residues at the Quadrise Research Facility.
15 Dec 2015
Drewry: Box Carrier Mergers Will Not Do Anything to Improve Sector Profitability in Medium Term
Drewry says last week's merger announcements mean it merely shuffles the excess number of ships into fewer hands.
15 Dec 2015
Heavy Volatility for Crude Futures
The outlook for crude is still bearish and we can expect prices to stay down for quite some time.
14 Dec 2015
COP21: No Reference to Shipping in Final Climate Deal, Green Groups Voice Disappointment
Green groups say climate deal goals can not be achieved unless shipping, along with aviation, "urgently rein in their emissions."
14 Dec 2015
OOCL: CMA CGM's NOL Acquisition Not Expected to Impact G6 Alliance in 2016
NOL's APL is a member of the G6 Alliance, but fellow member OOCL says it "assures that its current service structure will remain stable."
14 Dec 2015
CSS AIP for GTT LNG Bunkering Ship Cargo Handling System
"Our cooperation in China is growing throughout the years," says GTT.
14 Dec 2015
Hempel Launches Innovative New Bunker Saving Fouling Release Coating
Hempasil X3+ is said to trick organisms into believing the hull is liquid, and not a solid structure.
14 Dec 2015
Popular Now See all →