World News

Solar and Wind Powered Cruise Ship to Sail in 2020

The 55,000 tonne vessel is said to be the "world's greenest" cruise ship, featuring feature 10 solar-paneled sails, wind generators, and hybrid engine.

3 Dec 2015

Dry Bulk Shipping Will Not Return To Profitability Before 2017: Drewry

In a new report, global shipping consultancy Drewry says a recovery in the dry bulk market hinges on increased demand.

3 Dec 2015

ICS "Fully Supports" Global Climate Change Deal at COP21

ICS says that ambitious CO2 reduction targets within the shipping industry will be better achieved if the IMO continues to lead further supporting regulations.

3 Dec 2015

Vessel Owners Choosing More Fuel Efficient Tonnage for ECA Routes

However, ECA navigation avoidance could be boosting CO2 emissions.

3 Dec 2015

Weekly Vessel Scrapping Report: 2015 Week 48

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from November 26 – December 2, 2015.

3 Dec 2015

ING/OW Bunker, Bomin Hit Singapore Owned Vessel With $1.8 Million in Double Bunker Payment Claims

Both parties are seeking payment for the same bunkers delivered to M/V Bulk Finland on October 16, 2014 in Balboa, Panama.

3 Dec 2015

Crude Slides Almost 5%, WTI Drops Under $40/bbl

OPEC leading Saudi Arabia gave a hint that its unlikely they will be cutting back production.

2 Dec 2015

DNV GL Grants Approval in Principle to World's First LNG-Fueled VLCC Design

The vessel's LNG fuel tanks are said to enable the vessel to sail round trip from the Middle East to the U.S. without needing to refuel.

2 Dec 2015

Castrol Launches New ECA Marine Cylinder Oil

Cyltech ACT is said to be intended to assist ship operators in successfully managing the complexities of ECA transition.

2 Dec 2015

Reports: CMA CGM Seeking Funds for NOL Takeover

The talks are said to be a part of a requirement for CMA CGM to demonstrate that it has sufficient financial resources to make a definitive bid for NOL.

2 Dec 2015

Bunker Detectives Launch New Operation in Fujairah, Rebrand to Petro Inspect

"The renaming of the company to Petro Inspect will better capture its philosophy and value proposition," says founder Kaivan Chinoy.

2 Dec 2015

Little Direction for Crude as Vienna Summit Nears

The current consensus is OPEC will not cut back production to help stabilize the market into a healthy equilibrium.

1 Dec 2015

Bankrupt Bunkers International Back $5 Million Purchase Offer from Bomin

The deal is subject to bankruptcy court approval, which will be heard on December 10, 2015 at 3:00pm.

1 Dec 2015

Alfa Laval Announces Inline Scrubber Design

The company says the addition makes the PureSOx platform "even more versatile" and is an alternative for vessels with more complex structural needs.

1 Dec 2015

Ecoslops "Operating Well" After First Sale of Bunkers from Recycled Slops

The company says it is "ramping up" industrial production after importing a second 3,000 tonne shipment of slops for refinement.

1 Dec 2015

Industry Insight: A Survival Guide for Evaluating the Cost of Converting a Vessel to Use LNG Bunkers

There are 3 questions to ask when evaluating LNG: What is the incremental cost for dual-fuel vs. diesel-only, the payback period, and being sure of LNG supply.

1 Dec 2015

Crude Futures End the Month Soft

The latest figures show there was no sign of a U.S. cut in oil production despite a steady drop in rig counts for the month of September.

30 Nov 2015

Pacific Basin Sees Much Improved Financials For 2015

Pacific Basin Shipping said it will drastically reduce its losses in 2015, although the final numbers will depend on values for bunker swaps.

30 Nov 2015

New Cruise Ship Sets Sail with World's Largest Scrubber System

Yara says that there is one inline scrubber for each of the ship's engines, providing the capacity to clean emissions for 76.8 MW engine power.

30 Nov 2015

Maersk Still Willing to Consider NOL, Other Acquisitions

Maersk executive says he will consider resuming talks with the Singaporean liner.

30 Nov 2015