World News

Update: Bunker Holding Confirms LQM Acquisition

Further information on the deal will be announced later today.

6 Jul 2015

Industry Insight: Supporting Regulatory Plans to Curb Black Carbon Through Incentivised Eco Technology

The IMO is forging ahead with plans to curb emissions in the Arctic to reduce international shipping's impact on global warming.

6 Jul 2015

Ardmore Takes Delivery of Eco-Vessel with Skysails System

The ships is the second in a series of four.

6 Jul 2015

Jotun: ISO 19030 Could Bring Bunker Savings of $30 Billion a Year

The firm says the new hull and propeller performance standards "will benefit responsible suppliers, owners, and the environment."

6 Jul 2015

PPG Introduces New Antifouling Coatings Claiming Up To 5% Bunker Savings

Some coatings in the series are said to provide an average fuel savings of 5 percent through reduction in hull friction.

6 Jul 2015

Weekly Vessel Scrapping Report: 2015 Week 26

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from June 25 - July 1, 2015.

2 Jul 2015

Low Bunker Prices Bring Mixed Fortunes as Shipping Industry Confidence Crashes to Equal All Time Low

"Little more than twelve months ago, it was at an all-time high," notes Richard Greiner, shipping partner for Moore Stephens.

2 Jul 2015

Big Slide for Crude Futures

The green-back surged on the ongoing Greek conflict which till now has not been resolved.

1 Jul 2015

OW Bunker Bankruptcy Should Bring Clarity on U.S. Maritime Lien Laws

Lawyer notes that current law is "somewhat unsettled" on maritime liens but "seems to favour the broker" who contracted with the charterer or owner.

1 Jul 2015

Singapore-based Cleartrade Exchange Extends Asian Trading Hours

Traders and users will have access to the company's fuel oil swaps between 2pm and 1am Singapore time.

1 Jul 2015

Monjasa Doubles its Line of Credit, Says it's a "Vote of Confidence in the Bunkering Industry"

"We appreciate the vote of confidence in the bunkering industry and in particular in Monjasa's business model," says Group CFO Kenneth Henriks.

1 Jul 2015

Crude Futures Rally, Greek Default Could Put Downward Pressure on European Economic Data

Bunkers were fairly firm today in the primary ports, but it's going to be a volatile ride, stay tuned.

30 Jun 2015

LNG Bunkers Approximately 40% Cheaper Than Heavy Fuel Oil

An increase in LNG bunkering infrastructure is expected to grow orders for LNG powered ships.

30 Jun 2015

Best Tanker Market Since 2008, but it's Putting Pressure on Crude Prices

"There's a lot of crude oil that's trying to find a home," says Olivier Jakob, managing director, Petromatrix.

30 Jun 2015

Crude Futures Fall Further as Greek Crises Continues

An Iran deal could also come to fruition in the coming weeks.

29 Jun 2015

Cruise Operator: Sustainability Will Earn Itself Back

Cruise passengers are likely to spread news of environmental pollution widely on social media, creating bad marketing for operators.

29 Jun 2015

Harvey Gulf to Open LNG Bunkering Station in July

The facility will be located in Port Fourchon in Louisiana.

29 Jun 2015

Gotland Orders 2nd LNG Powered Ferry from Chinese Yard

The latest order comes in addition to a sister vessel ordered by Gotland last year.

29 Jun 2015

Relief for Dry Bulk as Rates Climb to 2015 High

BIMCO notes that Chinese iron ore fixtures and fleet reductions are at the heart of the rise.

29 Jun 2015

OW Bunker, Management, Altor Sued for $120 Million Over Bunker Supplier's Collapse

Two lawsuits have been brought by a group that includes ATP and PFA, two of Denmark's largest pension funds.

26 Jun 2015