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Euronav Decides Against Option for Order of Four VLCCs

Euronav says that the option was intended to "hedge against any significant vessel price inflation," which it notes has "not materialised."

TOTE Delays LNG Retrofit Projects Due to El Faro Sinking

The El Faro was originally intended to fill in on the West coast route when vessels were taken out of service for conversion.

Emissions Regulations Spark Newbuild Order Rush

Lloyd's List says that shipowners are attempting to avoid the cost of emissions regulation compliance by placing orders for new ships before year end.

LNG Bunkers "Cannot Be Ignored" says BSM

Angus Campbell of BSM says "the move from oil to natural gas is simply the next progression in the evolution of maritime transportation."

Maersk Line Lays Up Triple-E, Cools Over Option for Eight 14,000 TEU Newbuilds

Most carrier lines have been trying to avoid idling their larger containerships, according to Alphaliner.

Weekly Vessel Scrapping Report: 2015 Week 43

Weekly Vessel Scrapping Report: 2015 Week 43

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from October 22 - 28, 2015.

Policy Shift Could Signal "New Age" for Russian Far East Bunker Market

A new order issued by the Ministry of Transport means "bunker supply without cargo operations is a subject of export taxation," notes Tranzit-DV Group.

DNV GL Unveils More Fuel Efficient 20,000 TEU Box Ship Design

The LNG-fuelled concept vessel is powered by a combined gas and steam turbine, and is electrically driven.

Box Rates Slide to Historic Low, May Fall Further

Alphaliner says rates could continue downward as the slow winter season begins.

Ardmore "Very Bullish" on Product Tanker Outlook as Supply Growth Peaks

Company says they are "seeing signs of further strengthening in the spot market."

Vitol Chartering Five Older Tankers for Floating Storage

The ore bulk oil carriers reportedly have the capacity to carry 90,000 tonnes.

Crude Futures Make Significant Gains

We can expect prices to be relatively flat in the following days as we wait for the next speculative trigger to sway the market in either direction.

New Bunker Barge for Matrix Bharat in Mumbai

"This shall also give us an unprecedented advantage in catering to on the spur of the moment bunker requirements.," says MXB COO Ashok Sharma.

Bureau Veritas Approves New GTT LNG Bunkering Ship Design

GTT's pressurized tank design prurportedly offers higher capacity and increased operational flexibility.

Eniram Releases New Fuel-Saving Tool

The tool is reported to be able to help ship owners achieve a total fuel consumption reduction of 2 percent to 4 percent.

Bureau Veritas Releases New Notation for LNG Bunker Tankers

The notation is said to cover LNG carriers participating in ship-to-ship LNG transfers.

Hapag-Lloyd Pushes Back IPO Date After Maersk Line Lowers Guidance

Some investors reportedly pulled out of the IPO after being scared off by Maersk Line's profit warning.

Industry Expert John Phillips Joins Gulf Petrochem in Singapore as New Head of Credit Risk for Bunkering

"His appointment will help the company focus on delivering the next level of growth from its assets," says Group Director Prerit Goel.

Crude Futures Continue to Slide

WTI fell to 8 week lows today on the expectation that EIA data will show another build in U.S. crude inventories.

ABB: Study Shows "Substantial" Savings for Dual Fuel Diesel Electric Propulsion System

ABB says it commissioned DNV-GL R&D to perform the study on DFDE propulsion under realistic LNG carrier operating conditions.

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