World News

Rolls-Royce Leads New €6.6 million Autonomous Ship Project

Rolls-Royce has announced that it will lead a new €6.6 million project working toward autonomous ships.

10 Aug 2015

Oil Glut Helps Teekay to Record Quarterly Profit

The oil and gas shipping company reports a 2015 Q2 profit of $44.2 million, but still fell short of Wall Street expectations.

10 Aug 2015

Plans Underway for the First, Full-Size, Unmanned Ship to Cross the Atlantic

The vessel will run on renewable energy such as solar, wind, and current.

10 Aug 2015

Wärtsilä To Provide Engine for World's First LNG Dual-Fuel Dredger

The vessel is being built for Belgium's DEME Group.

7 Aug 2015

Teekay Tankers to Aquire 12 Suezmax Tankers

The company says it has agreed to take on 12 modern Suezmax tankers from Principal Maritime for $662 million.

7 Aug 2015

Singapore Bunker Supplier Tankoil Declared Bankrupt, "Milestone" Hailed for OW Bunker Proceedings

Tankoil was the principal recipient of credit from DOT as part of an alleged $125 million fraud, a contributing factor in the collapse of OW Bunker.

7 Aug 2015

Crude Futures Continue to Fall

Brent contracts for September delivery settled at $49.52 per barrel after hitting 6 month lows earlier in the trading day.

6 Aug 2015

Weekly Vessel Scrapping Report: 2015 Week 32

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from August 6 - August 12, 2015.

6 Aug 2015

Weekly Vessel Scrapping Report: 2015 Week 31

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from July 30 - August 5, 2015.

6 Aug 2015

Oldendorff Carriers Says 2015 "Better Than Expected" for Dry Bulk

The bulk carrier says that it is capable of making a statement on the full year result and has exceeded expectations in 2015.

6 Aug 2015

Singapore-Listed Samudera Shipping Says Q2 Profit Decline Cushioned by Cheaper Bunkers

Overall revenues dropped 16.1 percent to $81.3 million.

6 Aug 2015

Crude Futures Soft Despite Larger than Expected Draw on U.S. Inventories

The realization that there is heavy over supply of crude oil globally has really started to sink in and we really noticed that today.

5 Aug 2015

Industry Insight: Is Lebanon a Ship Arrest-Friendly Jurisdiction for Bunker Traders?

Lebanon is not a party to the International Convention on the Arrest of Seagoing Ships 1952 or the International Convention on the Arrest of Ships 1999.

5 Aug 2015

Bunkers and Currency Drive RCL's Q2 Earnings Increase

The company anticipates full year earnings of almost 40 percent above 2014.

5 Aug 2015

Tanker Boom "Even Stronger" than Predicted

While crude and oil segments have exceeded growth expectations, the boom has not lead to any widespread share price increases among companies.

5 Aug 2015

Crude Futures Firm, but Brent Stays Under $50

We can always expect the market to swing either way tomorrow following EIA data on U.S inventory.

4 Aug 2015

Caterpillar Completing Dual Fuel LNG Conversion on Furetank Rederi Tanker

Caterpillar says that it addition to the retrofit, they will also be supplying the complete gas system for the tanker, including bunker stations.

4 Aug 2015

Industry Insight: Effective Condition Monitoring to Prevent Damage From Fuel Switching

Operators require a detailed understanding of the effect that environmental legislative changes have on the vessel and equipment.

4 Aug 2015

OPEC Output Drops in July After Iraq Fails to Repeat Record June Highs

However, Brent crude enters a bear market due to speculation that the global supply glut will grow.

4 Aug 2015

Brent Falls Nearly 5% to Break Through the $50 Threshold

The plummeting Chinese stock market and continual crude oversupply blamed as crude oil took a smashing today.

3 Aug 2015