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Deltamarin Partners with Industry Players to Design LNG Powered Bulk Carrier

Deltamarin says the LNG-propelled vessel will comply with IMO Energy Efficiency Design Index 2025 standards, ECA regulations.

Dry Bulk Could Become "Even Worse" Next Year, Says JP Morgan

The poor outlook for the dry bulk sector has been attributed to China's transition from an "investment-heavy" economy to a "consumer-driven" one.

Parker Kittiwake Launches Cat Fines Test Kit

The tool will help alert owners and operators to cat fines in fuel oil, which will help prevent sediment buildup in storage tanks.

AkzoNobel Promises Big Data Bunker Savings from New Hull Coating Analysis Tool

In addition to estimating fuel savings, the tool can perform a cost benefit analysis between different hull coatings prior to application.

Crude Futures Tumble on Far East Data

Chinese growth data for the third quarter showed that the Far East power house is slowing down.

ECSA: MEPs' 2016 Climate Deadline for IMO is Unrealistic

Patrick Verhoeven, Secretary General of the ECSA, says a rushed deadline "may be counterproductive."

Lloyd's Register Forms New Bunker Testing Company

The move follows LR's acquisition of Guardian Marine Testing earlier this year.

Agreement on $70 Price Floor at OPEC, Non-OPEC Meeting Unlikely, Say Analysts

But it could be the first steps in a more cohesive approach to pricing between the OPEC and non-OPEC oil producers.

Industry Insight: Three Ways to Increase Efficiencies and Minimize Costs for Future Success

Industry Insight: Three Ways to Increase Efficiencies and Minimize Costs for Future Success

The six areas for driving cost savings and efficiency that I've picked out over the past two blog posts are crucial to the future of the marine industry.

Indian Refiners to Pay Second $700 Million Instalment in Outstanding Iran Oil Dues

The second instalment will be paid in rupees to the Reserve Bank of India, where the sum will then be forwarded on to Iran.

MAN Diesel & Turbo Sued in Singapore, Denmark, Sweden and Norway Over Fraudulent Bunker Consumption Data

I.M. Skauge is suing for $49 million in damages after the engine manufacturer allegedly manipulated fuel consumption figures for engines sold in 2000.

New Alfa Laval Economizer Could Result in "Massive Fuel Savings"

The Aalborg EGR-HPE could turn NOx limit compliance into profit, says Alfa Laval

Crude Futures Continue Down, But Big Selloff Avoided

The crude build far outgained expectations, but a floor was maintained as traders already felt defeated after 3 successive negative sessions.

Tanker Rates Could Get Further Boost from Ballast Water Rules

CR Weaver says the requirement for vessels to install BWTS will increase tanker dry docking, creating less supply within the market.

Environmental Groups Continue Push For Global Shipping Emission Caps

T&E said that European Parliament had also recently voted in favour of emissions caps.

BIMCO: Fundamentals of Supply and Demand Cannot Be Ignored If Dry Bulk Market Is to Improve

BIMCO says larger volumes being moved, longer sailing distances in general, or a slowed increase in dry bulk fleet size are prerequisite to a stronger market.

Plunge in Crude Weighs on Quadrise Results, Dents Investor Confidence

But Executive Chairman Ian Williams says "All things considered, the Company is undoubtedly better resourced and positioned to succeed than ever before."

Weekly Vessel Scrapping Report: 2015 Week 41

Weekly Vessel Scrapping Report: 2015 Week 41

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from October 8 - 14, 2015.

Crude Futures Remain Soft

This week alone both ICE and NYMEX contracts for October delivery lost over 6% of their value.

OPEC Invites Eight Non-Member Countries to October 21 Meeting to Discuss $70 Oil Price Floor

Azerbaijan, Brazil, Colombia, Kazakhstan, Norway, Mexico, Oman, and Russia have all been invited to this month's OPEC meeting.

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