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Crude Futures Soften Despite Geopolitical Tensions

Brent contracts for January delivery settled down at $43.57 per barrel while nearly expired NYMEX front month contracts settled at $40.67 per barrel.

Update: ING Sells its OW Bunker Debt, Could Prompt Physical Supplier Claims Surge

ING declines to comment on the matter, but a source tells Ship & Bunker this is unlikely to be good news for "double payment" buyers.

EU Study Highlights NOx Emissions Reduction from Slow Steaming

The report says that slow steaming practices by ships during the economic crisis of 2008 and 2009 resulted in a 12% reduction in their NOx emissions.

Drewry: NOL Acquisition Would Put Maersk, CMA CGM Balance Sheets at Risk

Any deal will be motivated by opportunity rather than logic, but CMA CGM is the better fit, says Drewry

Gridlocked Tankers, Expiration of Floating Storage Charters Could Signal New Influx of Cheap Oil

Suppliers could dump the oil at cheaper prices, adding pressure to the crude market.

The Future of Bunker Prices: Relative to Crude, MGO Will Be More Expensive, HFO Will Be Cheaper

The Future of Bunker Prices: Relative to Crude, MGO Will Be More Expensive, HFO Will Be Cheaper

This is a trend that, in fact, began in earnest last year with the collapse of oil prices.

Crude Futures Start the Week Firm

The current crude production is far out of balance with crude consumption; which is ultimately going to keep pressure on oil prices.

Dry Bulk to "Stay Worse Than We Expected" as BDI Slumps to 8 Month Low

The key index has fallen every day over the last three weeks, and lost 226 points in that time.

J. Lauritzen: Dry Cargo Markets Show No Signs of Recovery for an Extended Period

The Danish shipping company says that its financial results from 2015's third quarter are a reflection of the state of the dry cargo market.

Moody's Warn Maersk on NOL Acquisition

Moody's believes an acquisition could dilute margins for what is one of the few profitable companies in the sector.

Rotterdam Bunker Prices Fall Under $200 as Global Oil Glut Hits Record 3 Billion Barrels

Global demand growth forecast to slow next year.

BW Pacific Cancel IPO Due to Poor Market Conditions

The company did not say if it was planning to launch the IPO at a later date, but asserts that it remains in a strong financial position.

Georgiopoulos Linked Bulk Carrier Arrested in Singapore

Court documents indicate the action was taken by Deutsche Bank who is claiming $81.2 million.

d'Amico Calls 2015 Q3 "One of its Best" Quarterly Results

DIS says it achieved a net profit of $14.7 million, compared to $0.3 million during the same quarter in 2014.

Viking Line 2015 Interim Results See "Favourable Effects" from Low Bunker Prices

While Viking Line says Finland's economic downturn has created uncertainties, the company has seen positive effects on earnings results from low fuel prices.

OPEC Looks to Raise Output Ceiling at December Meeting

The organisation is said to be contemplating a lift in its output target by 1 million bpd, taking into account the addition of new member Indonesia.

Crude Futures Continue to Tumble

EIA stats showed a much larger build in U.S. inventories than anticipated.

Torm Sees Best Rates Since 2008, Contemplates NY Listing

The company says it achieved spot rates for its medium range product vessels of $24,599 per day during the quarter, a 77 percent year on year increase.

FIS: Bunker Buyers Focusing Too Much on Low Bunker Prices, And Not Enough on Volatility

FIS laments the shipping industry not following the airline sector in imposing "financial discipline" on fuel purchases.

Weekly Vessel Scrapping Report: 2015 Week 45

Weekly Vessel Scrapping Report: 2015 Week 45

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from November 5 – November 11, 2015.

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