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IMO Names Kitack Lim as Next Secretary-General

Lim will succeed Koji Sekimizu as IMO secretary-general with an initial four-year term, set to begin on January 1, 2016.

Seaspan to Utilise DNV GL Bunker Saving Fleet Management Solution

The ECO Insight solution is said to provide an easy to use and comprehensive method for fleet performance management.

Dry Bulk Will Get Worse before it Gets Better, Says Analyst, as Low Bunker Prices Effectively Increases Vessel Supply

Allied Shipbroking says that "it seems as though trade is at a much more dire state than what had been expected."

Ship & Bunker, FortisBC Begin First Published Posting of LNG Bunker Prices

Ship & Bunker, FortisBC Begin First Published Posting of LNG Bunker Prices

Bunker buyers will be able to clearly make a like-for-like price comparison between LNG and the traditional bunker choice most relevant to them.

ESL Looks to LNG Bunkers for Dry Bulk Profitability

ESL says it has ordered two "extremely energy-efficient" LNG-fueled large bulk carriers, reported to be the first of their kind, for a total value of €60 million.

Scorpio Bulkers To Sell Six Capesize Vessels

New York-Listed Scorpio Bulkers announced it will sell two existing carriers and four newbuilds for approximately $227 million.

ZIM Posts Fourth Consecutive Profitable Quarter, Despite Tough Market

Volumes were up slightly, but low freight rates negatively impacted ZIM's Q3 2015 total revenues.

ClassNK Unveils New Container Carrier Rules in Wake of MOL Comfort Disaster

International classification society ClassNK has announced new rules and guidance to enhance safety of container carriers.

Peninsula Petroleum Increases Credit Facilities

PPG says it has secured working capital facilities totalling USD $350 million to further expand its business operations.

Weekly Vessel Scrapping Report: 2015 Week 47

Weekly Vessel Scrapping Report: 2015 Week 47

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from November 19 – November 25, 2015.

Ballast Water Management Convention Poised to Enter Into Force Next Year

Pending verification of gross tonnage data on Indonesia's registered fleet, the convention will enter into force on November 24, 2016.

CMA CGM Slashes Owned Fleet CO2 Emissions by 50%

The company's announcement comes ahead of COP 21 and alongside environmental groups' calls for a global shipping emissions cap to be set.

Golden Ocean: Rate Slide Has Been Dramatic for Owners

2015 Q3 loss is more than double that analysts had expected.

ICS: Shipping's Own Emissions Reduction Goals "Far More Ambitious" than Current Government Targets

ICS' comments come following the release of a report on the impact of CO2 reduction pledges made by 146 nations just days ahead of COP 21 in Paris.

Frontline 2012 Reports "Strongest Third Quarter Ever" On Surging Oil Market

Frontline 2012 said its Q3 net income hit a record $61.9 million as high oil output prompted increased tanker utilization.

GTT Receives AIP from Lloyd's Register for LNG Bunkering Ship Design

GTT says the approval was received for its 4,000 m3 LNG bunkering ship concept, which features the Mark III Flex Cargo Containment system.

Crude Futures Up on Geopolitical Tensions

Both ICE and NYMEX contracts witnessed their largest gains in over 3 weeks.

Baltic Dry Index Hits Bottom?

The Baltic Dry Index (BDI) Monday made its first positive movement in over four weeks.

Trafigura Singapore Subsidiary To Build $100 Million Myanmar Storage Project

Puma Energy has become the first firm to secure a license for building oil storage facilities in Myanmar, at the port of Thilawa.

SSI: Climate Change is a Business Risk, Current Shipping Industry Emissions Regulation is Insufficient

The organisation's calls for international action on shipping emissions ahead of discussions at COP21, set to be held in Paris beginning November 30.

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