News Prices Demand Map

Free Registration
& Daily Email

World News

Reduced Bunker Costs, CSAV Merger Helps Hapag-Lloyd to Third Consecutive Profitable Quarter

Reduced bunker prices and a decline in bunker consumption also helped to increase profits.

$200,000 Bunker Bill Could Cost OW Bunker "Double Payment" Buyer $1 Million

Shipper could face paying a $200,000 bunker bill twice, plus $600,000 in additional costs.

Crude Futures Fall 3%

The general consensus is that EIA data will put further pressure on oil prices as we near August lows.

Eco Small Dry Bulkers Have 13% Price Premium

A new report from VesselsValue suggests that small dry bulk vessels that feature fuel-saving eco engines can present rate benefits.

Residual Fuels Are "Not Dead Yet" Despite Stricter Environmental Regulations

Intertek Shipcare's technical manager Michael Green said that hybrid fuels using residual fuel would keep demand for the latter alive.

IEA: Prolonged OPEC Focus on Market Share, Sluggish Global Growth Could Mean $50 Oil Though 2020

Such a scenario would also mean the Middle East's share in the oil market would be higher than at any time in the last forty years.

Gener8 Back in Black on Low Bunker Prices, High Rates

The company posted a net income of $36.5 million.

Crude Futures See Small Gains on EIA Outlook

An EIA report projected cuts by more than 20% in oil investments this year and that this trend will follow suit into next year.

Adani Bunkering to Expand its Footprints in South Asia

To supply marine fuels at all the major ports of India, Middle East and Singapore.

Vitol Completes Purchase of Remaining Half of VTTI from MISC for $830 Million

There will be a new chairman of the board and two new board directors.

New LNG Bunkering Vessel to Be Equipped with Wärtsilä Propulsion Solution

Wärtsilä says it will provide a dual fuel propulsion solution for a 5800 m3 LNG bunker and feeder vessel being built for Sirius Veder Gas AB.

Low Bunker Prices Encourage Tanker Rate Hedging Boom

Lower bunker prices are said to be helping carriers' bottom lines and further contributing to more speculative activity in the oil tanker freight hedging market.

Industry Insight: Singapore Cappuccino Bunker Case Study

Industry Insight: Singapore Cappuccino Bunker Case Study

This case study shows how costly it can be for a bunker buyer who does not use an impartial and independent bunker quantity surveyor.

Crude Futures Soft After Early Gains

Despite the upwards spike crude prices succumbed to the inevitable and reversed all early morning gains.

Industry Insight: A Review of OW Bunker Related Claims in New York, Singapore, and London

Industry Insight: A Review of OW Bunker Related Claims in New York, Singapore, and London

There have been far reaching effects on Owners and Charterers who stemmed bunkers prior to the collapse of OW Bunker.

MAN Announces World's First Container Ship Dual-Fuel LNG Retrofit

The retrofit will enable Wessels Reederei's 1,000 TEU container ship to reduce SOx emissions by more than 99 percent, and NOx by about 90 percent.

IBIA Moots Proposal for Non-Compliant Bunker Ban When 0.5% Global Sulfur Cap Comes into Force

Robin Meech, IBIA vice chairman, says the industry will need a "level playing field."

Reports: Singapore's NOL Gets Preliminary Purchase Offer from CMA CGM, is Also in Talks with Maersk

The two companies are said to be in preliminary talks for the acquisition of the shipping company that has been valued at $1.9 billion.

Poor Freight Rates Instrumental in Q3 Profit Decline of Nearly 50% for Maersk

But CEO Nils S. Andersen says the company's expected annual performance is commendable in "very challenging" markets.

OW Bunker: $125 Million Has "Disappeared" from Former Singapore Top 10 Bunker Supplier Tankoil, Say Financial Investigators

"We have found that there is little value in Tankoil," says John Sommer Schmidt, OW Bunker trustee of the investigations of bankrupt Tankoil.

‹ 662 663 664 665 666 ›