World News

Low Bunker Prices the Only Thing Preventing Huge Losses for the Teetering Box Shipping Sector: Drewry

Maersk Line's recent Triple-E lay up along with its guidance downgrade should serve as a wake up call for the industry.

3 Nov 2015

Joint IACS and Industry Working Group to Examine Fuel Data Collection

The INTERTANKO organised tripartite meeting also saw concern expressed over the Ballast Water Management Convention entering into force.

3 Nov 2015

Ship Operating Costs to Escalate in 2016: Moore Stephens

But the consultant says the anticipated increases are low compared to previous years.

3 Nov 2015

Northern Sea Route, Panama Canal Predicted to Be Major LNG Access Routes to Asia

However, LNG ships face a host of challenges using these two routes.

3 Nov 2015

Oil Benchmarks Begin the Week Soft

Russia took the headlines today as it reported that October saw its highest daily oil production since the dissolution of the Soviet Union.

2 Nov 2015

Monjasa Appoints Carsten Vanting as Head of Credit

Vanting comes from the bunker industry as the former Group Credit Director of the O.W. Bunker Group.

2 Nov 2015

Drewry: Box Markets are in an Over-Capacity Crisis, Next Year Will be Worse

Analysts warn there could be "several years of overcapacity and mounting financial losses."

2 Nov 2015

WFS Ready to Make "Pretty Serious Dent" in M&A Space

The company has seen high cash flows so far in 2015.

2 Nov 2015

"Huge Contraction in Freight Rates" Pulls NOL Back into the Red

"The absence of the traditional third quarter peak season in Europe and North America led to severe freight rates erosion," said CEO Ng Yat Chung.

2 Nov 2015

Vessel Owner Hit with $1 Million Fine After Bunker Spill

Tri-Marine has also agreed to perform fleet inspections, and implement other corrective measures after a fuel spill from one of their vessels.

2 Nov 2015

Euronav Posts Strongest Q3 Since 2008 as Buoyant Tanker Market Makes a "Very Strong" Start to Winter

Euronav closed 2015's Q3 with a $72.2 million net profit, compared to the 20.6 million loss during last year's Q3.

2 Nov 2015

DNV GL Issues "The Missing Piece" of LNG Bunkering Guidance

"This new RP completes the picture and will provide a level playing field for the billing process of LNG," says DNV GL.

2 Nov 2015

Hapag-Lloyd Lowers IPO Price Again

The company reportedly hopes to win back investors who abandoned ship after Maersk Line gave a dismal outlook of the container shipping sector.

2 Nov 2015

WFS Reports Third Consecutive Quarter of Record Bunker Sales Volumes

The company's marine segment posted a sales volume of 8.6 million metric tonnes.

2 Nov 2015

New Hires for OceanConnect Marine in Dubai, London, and the US

James Nash, Giulio Fiertler, Darrell Cardoza have all recently joined the Bunker trading and brokerage firm.

2 Nov 2015

Saudi Arabia Leads OPEC October Output Hike?

Analysts offer differing views on the shift in production, but output to an already oversupplied market nevertheless stays close to an all time high.

2 Nov 2015

ARB: Vast Majority of Vessels Burning ULSFO Test Above 0.1% Sulfur Limit

More than 80% of vessels tested this year were above the 0.1 percent sulfur limit, ARB's Paul Milkey tells Ship & Bunker.

2 Nov 2015

The American Club Releases Guide on Implications of OW Bunker Litigation

The document explains bunker supply transaction processes in various jurisdictions as prescribed by local court decisions in OW Bunker cases.

30 Oct 2015

Royal Caribbean Attributes Strong Q3 to Momentum in the Caribbean

Company says it has seen "another year of over 40% earnings growth," noting fuel expense guidance of $800 million for the full 2015 year.

30 Oct 2015

Industry Insight: Precise Lubricant Questions Need Broad Answer

In the face of new rules covering ship emissions, changing market conditions have complicated the outcome for engines in operation.

30 Oct 2015