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GTT Opens Singapore Subsidiary, Eyes LNG Bunker Market
The LNG membrane containment systems specialists said it received 31 orders during the first half of 2015.
24 Jul 2015
Fiji Pushes to Ratify IMO's Bunker Oil Pollution Convention
Lui Naisara, deputy secretary, Ministry of Transport, says that ratifying the convention will enable full compensation to Fiji in the event of a marine fuel spill.
24 Jul 2015
Carnival Announces "Significant Expansion" in Barcelona with New Cruise Terminal, Expanded China Fleet
Carnival has signed an agreement with the Port Authority of Barcelona to construct and operate its second private cruise terminal at the port.
24 Jul 2015
Crude Oil Continues to Fall
EIA data stated there had been a 2.5 million barrel build in U.S crude inventories.
23 Jul 2015
Weekly Vessel Scrapping Report: 2015 Week 29
Weekly Vessel Scrapping Report: 2015 Week 29
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from July 16 - 22, 2015.
23 Jul 2015
Wärtsilä: A Huge Number of Cruise Ships Will Use LNG Bunkers
President and CEO Rosengren has praised Carnival's recent order for four LNG powered cruise ships saying it is "exciting" for the market.
23 Jul 2015
IMB: Attacks on Small Tankers in SE Asia Continue as Global Incidents of Piracy and Armed Robbery Rises 15.5%
An average of one tanker attack in SE Asia is said to occur every two weeks.
23 Jul 2015
Wärtsilä: A Lot of Customers Are Planning to Use Scrubbers to Meet Global 0.5% Sulfur Cap
President and CEO Bjorn Rosengren says the market is not as strong as he expected, but once the global cap comes into force "this is a huge market."
23 Jul 2015
Crude Sinks as US Inventories Rise by 2.5 Million Barrels
Bunkers were soft today in the primary ports.
22 Jul 2015
2015 Orderbook for Newbuild Tankers Set to Beat 2013 Record Year
Gibson says construction of new tankers this year, driven by a surge on newly ordered tonnage, is set to break the record from 2013.
22 Jul 2015
UK P&I: Concerns Remain as Low Sulfur Fuel Rules Place Increasing Demands on Shipowners
Concerns include technical issues and higher costs, while Shipowners also need to be aware of the differing rules and costs across jurisdictions.
22 Jul 2015
Bunker Prices to Remain Under $500/mt for Rest of the Decade, Shell Prediction Suggests
The energy major says oil prices will take several years to recover and rise to $90 per barrel by 2020.
22 Jul 2015
Crude Futures Firm After a Volatile Tuesday Trading Session
In the grand scheme of things its safe to say that the market was flat and it enticed the bunker market to soften.
21 Jul 2015
Lloyd's Register Partners with Penn Oak Energy on LNG Retrofit Financing
Lloyd's says it aims to increase number of ships fuelled by LNG.
21 Jul 2015
U.S. Navy Releases Censures Issued to Three Admirals in Bribery Scandal
The censures were issued to the three admirals in January for their role a bribery scandal involving Singapore maritime service provider, GDMA.
21 Jul 2015
Wärtsilä: Market Being Steered by Environmental Awareness and Changing Energy Needs
Company says sales grew by 10% During Q2.
21 Jul 2015
Gener8 Maritime Heads List of 2015's Biggest Spenders on Second Hand Tonnage
The company's spend of $1.4 billion was on 14 vessels it assumed the newbuilding contracts for that were originally placed by Navig8.
21 Jul 2015
DNV GL: State-of-the-Art LNGreen LNG Carrier Completed, is 8% More Energy Efficient
The vessel concept has a significantly improved environmental footprint, a higher level of energy efficiency, says DNV GL.
21 Jul 2015
Crude Futures Start the Week Soft
WTI futures broke the $50.00 level during the trading day but settled at $50.15 per barrel.
20 Jul 2015
J. Lauritzen: Dry Bulk Has Hit Rock Bottom, Operators Are "Burning Through Cash"
On the upside, things can only improve form here, says Martin Sato, J. Lauritzen's managing director in Singapore.
20 Jul 2015
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