World News

Crude Futures Start the Week with Heavy Volatility

The next few days should be interesting as we near US crude inventories stats for last week.

13 Jul 2015

IEA: Oil Prices May Fall Further as Demand Set to Slow

Demand growth is expected to slow even as supply continues to rise.

13 Jul 2015

Island Oil Appoints Jesper Jervild as Head of Trading, Dubai & Singapore Offices

The veteran bunker industry player joins the firm effective today, July 13, 2015.

13 Jul 2015

Industry Failing to Reduce Bunker Costs Due to Systemic Market Failures

There is little reliable information on ship efficiency, and a the incentives are split between the ship owner and charterer, it is suggested.

13 Jul 2015

Bunker Consumption "Vastly Different" Between Ships of Similar Designs

"The most efficient crude oil tanker is about one-fifth as fuel-intensive as the least efficient," says The New Climate Economy report.

10 Jul 2015

BIMCO: Dry Bulk Demos Will Ease Despite Record Start to 2015

The monthly scrapping average for H1 2015 is 3.3m DWT, a significant increase on the 1.33m DWT per month averaged in the period for 2014

10 Jul 2015

New Report: Improving Vessel Efficiency Could Save $200 Billion in Bunker Costs by 2035

IMO's EEDI and SEEMP are "expected to save an average of $200 billion in fuel costs and 330 Mt CO2 annually by 2030."

10 Jul 2015

Crude Futures Bullish on Improvement in Chinese Stock Market

We can expect some heavy volatility tomorrow and early next week leading into US stock data.

9 Jul 2015

Weekly Vessel Scrapping Report: 2015 Week 27

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from July 2 - 8, 2015.

9 Jul 2015

ABS to Class Maersk Line's Second Generation Triple-E Mega-Ships

"Energy efficiency, economy of scale and the environment are still central considerations," ABS notes of the second generation vessels.

9 Jul 2015

Industry Insight: Singapore, China, Greece Lead Bulker Scrapping Surge

"The top players are not too surprising, but their scrapping activity differs when you look at the types of bulkers being sold off," notes VesselsValue.com.

9 Jul 2015

Maersk Line in $1.1 Billion Order for Another 9 Containerships

The ships are slated to be delivered n 2017 and will sail under the Singaporean flag.

9 Jul 2015

WTI Slides to 3 Month Low

We have advised bunker purchasers to not rush especially if they have outward positions 1 to 2 weeks out.

8 Jul 2015

Dan-Bunkering: "Great Ambitions to Expand Further" After Reporting "Very Satisfactory" Year End

Dan-Bunkering added four new offices to the group in Montevideo, Valparaiso, Stamford, and Aalborg over the course of its financial year.

8 Jul 2015

Low Bunker Prices Boost Stolt-Nielsen Q2 2015 Results

However, a seasonal rebound in shipments was less than expected.

8 Jul 2015

Crude Futures Make Mixed Movements After Heavy Volatility

Bunkers were softer today but it seems that buyers are waiting for the dust to settle before taking positions.

7 Jul 2015

Asia-Europe Box Rates Surge

Container spot rates on east-west routes have risen for a second week in a row, with Asia-Europe market rate reaching $879 per 20-foot container.

7 Jul 2015

Tricks of the Bunker Trade: What Happens When Your Bunker Surveyor is Asked to Bend the Rules?

Does that even happen? Unfortunately, the answer is "yes."

7 Jul 2015

Oil Prices Plummet Following USA Long Weekend

Greece's anti-austerity referendum, and a potential deal with Iran are pushing down on crude prices.

6 Jul 2015

Bunker Holding Comments on LQM Acquisition, Says it's a "Logical Step" in the Growth Strategy

"LQM's position as a broker neutral to the market will remain unchanged," says new LQM CEO Marisa Femenia.

6 Jul 2015