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Former Altor Exec Behind OW Tanker Purchase

Denis Viet-Jacobsen, former OW board member and leading partner in Altor Equity Partners until 2010, has been confirmed among Alba Tankers' investors.

Dry Bulk Survey: Majority of Industry Players Say Recovery is at Least 3 Years Away

73% of shipowners say the market needs 3-5 years to recover.

Low Bunker Prices Mean ECO Ships Have "Marginal" Impact in Current Dry Bulk Market

A Platts survey finds lower bunker prices limit the fuel savings that modern tonnage can provide over less fuel efficient vessels.

Ardmore Takes Delivery of Another Eco-Ship

The Ardmore Seawolf is the third in a series of four vessels.

Asia-Europe Box Rates See 26.7% Slide in a Week

In the week ending Friday, Asia to Northern Europe fell by 26.7 percent to $469 per TEU - the third straight week of falling rates on the world's busiest route.

Finalists Announced for the 2015 Ship Efficiency Awards

The awards have seen a 60 percent increase in nominations, with 95 nominations across the five award categories received.

Bunker Dispute Ends in Singapore Vessel Arrest

The action is understood to have involved an Estonia-based supplier who was claiming for unpaid bunkers totalling some $21,000.

Drewry: LNG Carrier Freight Market Headed for Challenging Times

Drewry says there are already challenges on LNG freight rates and signs of weakness in LNG demand.

Dynagas, GasLog, And Golar Form LNG Carrier "Cool Pool"

Golar with provide eight vessels, while Dynagas and GasLog will each provide three.

DNV GL Announces Ship to Ship LNG Bunkering Class Notation

DNV GL says it has developed a new class notation to ensure safe fuel transfer operations during ship to ship gas bunkering operations.

Small Movements for Crude Following Yesterday's Big Drop

Bit the general consensus is that crude prices have yet to bottom and seems that every day there is a new driver pressuring futures prices.

Weekly Vessel Scrapping Report: 2015 Week 33

Weekly Vessel Scrapping Report: 2015 Week 33

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from August 13 - August 19, 2015.

Predicted Capacity Growth Threatens To End Best Tanker Spot Rates Since 2009

Tanker capacity is expected to reach 377 million DWT by the end of 2017.

Industry Insight: Effective ECA Compliance - Why Pairing Fuels and Lubes is a Long-Game

Industry Insight: Effective ECA Compliance - Why Pairing Fuels and Lubes is a Long-Game

Insight into why there is no silver bullet for twinning lubes with a diversified cleaner fuels mix in today's operating conditions.

Vladivostok Expected to Take Market Share from East Asia in 2016

After the port is declared a free port next year, an extra tax on bunkers-only calls at the port may be lifted.

India to Pay Iran $1.4 Billion in Oil Dues

The exact timing of the payments is understood be be dependant on the finance ministry receiving U.S. Department of Treasury approval.

WTI Slides Under $41/bbl, Expect Bunkers to Fall Further

With OPEC continually trying to capitalize on its market share it will be difficult to expect the market to firm in the long run.

Aegean Q2 Volume Up 18.5%, But Shares Plunge 18% as Earnings Miss Estimates

Revenues also slid dramatically for the quarter, down 30 percent to $1,207,707 from the $1,720,214 recorded in Q2 2014.

DNV GL Announces "Future-Proof" Eco-Retrofit Tool

The tool generates what-if scenarios to help companies predict the future.

Maersk Line: Confident 2M Alliance Will Bring $350m of Savings

Company says it has been successful in realising its projected savings result from its collaboration with MSC, although calculations are still being completed.

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