World News

Unmanned Vessels "Are Already a Reality"
James Fanshawe, chair of the UK's Maritime Autonomous Systems regulatory working group, says that autonomous ships are already here.
8 Oct 2015
Wärtsilä, Boskalis and GoodFuels Marine Launch Marine Biofuels Program
The three companies are aiming to create a sustainable biofuel that is scalable.
8 Oct 2015
Marshall Islands Says IMO's Climate Position is a Danger to the Planet, Shipping, and World Trade
Foreign Minister Tony de Brum criticised the IMO for misunderstanding or even misusing the evidence around shipping and GHG emissions.
8 Oct 2015
Weekly Vessel Scrapping Report: 2015 Week 40
Weekly Vessel Scrapping Report: 2015 Week 40
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from October 1 - 7, 2015.
8 Oct 2015
Crude Futures Soften Mid Week
Bunkers were mostly steady today in the primary ports as suppliers and purchasers are waiting for the dust to settle.
7 Oct 2015
China Classification Society Rule Change "Favours Water-Based Lubes"
Thordon Bearings says that the classification society's new rules reduce shaft withdrawal frequency to every 15 years, from every 5 years.
7 Oct 2015
d'Amico International Shipping Launches Two New Eco-Ships
Company says the addition of the two vessels, worth more than $62 million, bring the company's fleet to over 50.
7 Oct 2015
Pacific Basin Warns of More Financial Distress for Dry Bulk Players
Pacific Basin says that it expects more companies in the dry bulk industry to fall victim "financial distress."
7 Oct 2015
Brent Jumps 5% to Break $50.00 Ceiling
WTI contracts for November delivery firmed to 3 month highs settling up nearly 5% at $48.53 per barrel.
6 Oct 2015
Asia VLCC Rates Reach Five-And-A-Half Year High At $100,000 Per Day
The trend was also mimicked in the West African market.
6 Oct 2015
Four Hundred Rolls Royce Marine Staff To Be Laid Off By End of 2016
The low price of oil and subsequent fall in orders are blamed for the layoffs.
6 Oct 2015
Environment Groups Say Draft Climate Deal Exempts Shipping From Emission Cuts
The groups decried the lack of plan in place to address emissions reduction in the sector.
6 Oct 2015
Moore Stephens: Shipping Industry Costs Continue to Fall
Moore Stephens says results showed "ship owners and operators continued to manage costs sensibly and to watch their cash carefully in 2014."
6 Oct 2015
Environmental Group Lambasts IMO For Lack of Environmental Leadership
The Clean Shipping Coalition accused the IMO of exaggerating the success of its emission-reduction efforts.
6 Oct 2015
Soyuz Bunkering Winding Down Operations
Sources say SBG Europe has stopped selling product, while the remaining staff at SBG Singapore have had their contracts terminated.
6 Oct 2015
Firm Start to the Week for Crude Futures
Bunkers were firm today in the primary ports.
5 Oct 2015
ExxonMobil, University Partner on $1 Million Algae-Based Fuels Project
The research project is intended "to progress the fundamental science" needed to develop effective algae-based fuels for uses including bunkers.
5 Oct 2015
Odfjell Targets 20 Percent Reduction in Bunker Consumption with New Technology
Nineteen vessels in total will undergo upgrading by the end of 2017.
5 Oct 2015
IBIA Chairman Accuses IMO of Under-Regulating Bunker Quality
Jens Maul Jørgensen said that the IMO had focused its environmental regulations too much on shipowners and operators.
5 Oct 2015
Bunkers International Staff Join Integr8
Eileen Speer, who was working for Bunkers International from the UK, is now offering brokerage services as Five Star Marine Fuels.
2 Oct 2015