News Prices Demand Map
Free Registration
& Daily Email Subscribe

World News

Shipping Emissions Cap Added Back Into Draft Paris Climate Deal
The proposed emissions cap was reportedly cut earlier this month.
27 Oct 2015
Trafigura Predicts OPEC Will Maintain High Output
Richer oil-producing OPEC members are expected to feel some pressure from OPEC members with higher production costs.
27 Oct 2015
Crude Futures Continue to Tumble
We must not forget sanctions lifting off Iran which could depress the market even further.
26 Oct 2015
Maersk Line Considering More Emphasis on Spot Rates
Maersk Group CEO Nils Andersen added that higher spot rates are needed for 2016.
26 Oct 2015
Maersk Line Lowers Profit Guidance As Low Rates Drag Down Results
The company will be impacted to the tune of half a billion dollars.
26 Oct 2015
JP Morgan: The Only Way to Make Money in Dry Bulk is to Cut Costs, Expect Years of Low Rates
Sokje Lee, J.P. Morgan's executive director in Korea, asserts that dry bulk shipping rates could stay weak for years.
26 Oct 2015
"Virtually Zero" Chance of ECA Violators Being Caught, Says NABU
The German green-group join a number of others, including Maersk, in a call for stricter enforcement of European ECA rules.
26 Oct 2015
Wärtsilä says Marine Markets "Remain Challenging" as Orders Drop in Third Quarter
The company said that low vessel contracting volumes and weak sentiment had affected order intake.
23 Oct 2015
No Action Decided On Weak Crude Prices in OPEC, Non-OPEC Meeting
An OPEC policy-setting meeting is scheduled for early December.
23 Oct 2015
Crude Futures Firm After Early Rally
The dollar firmed to 2 week highs which helped keep crude prices from firming any further.
22 Oct 2015
Navig8 Orders Four Eco-Design Chemical Tankers
Navig8 say the contracts include an option to purchase six more of the 49,000 DWT vessels at a later date.
22 Oct 2015
Analysts Back Cut-Price Hapag-Lloyd IPO as a Good Buy
DMER analysts say "much of the underlying sector disappointment has been discounted in the price."
22 Oct 2015
Imtech Marine Acquired by Dutch Transportation and Private Equity Players
The company will still reportedly operate independently of Netherland's Pon Holdings and Parcom Capital.
22 Oct 2015
Red Sea Bunkering Expands Djibouti Operations
From November 1, 2015 Red Sea Bunkering says it will be offering offshore bunkering via a double hull 9,300 DWT vessel.
22 Oct 2015
Weekly Vessel Scrapping Report: 2015 Week 42
Weekly Vessel Scrapping Report: 2015 Week 42
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from October 15 - 21, 2015.
22 Oct 2015
Crude Futures Soften to 3 Week Low
NYMEX contracts for December delivery settled down 2.5% while ICE contracts for December delivery settled down 1.8%.
21 Oct 2015
Stolt-Nielsen Buys Stake in Sardinia LNG Terminal
The company has aquired a 10% stake in HIGAS, which will see an LNG terminal built in Oristano, Sardinia by 2017.
21 Oct 2015
Brightoil Looks to Boost Bunker Business with Launch of Brightoil Online "Internet-Petroleum-Finance" Platform
"The platform can further boost the income of the Group's existing oil product trading and bunkering business," says Chairman Sit Kwong Lam.
21 Oct 2015
Iraq Planning for $45 Per Barrel Oil in 2016 Budget
The country also expects to export 3.6 million barrels per day in the coming year.
21 Oct 2015
Brent Contracts for December Mostly Flat
This weeks EIA data should give the market some direction for the remainder of the week.
20 Oct 2015
Popular Now See all →