World News

1 Week to Go Until Platts' 12th Annual Bunker and Residual Fuel Oil Conference
This years focus: Fuel Quality, Supply, and Economics in a New Era for Bunker Fuel.
19 Jun 2015
Industry Insight: How the Collapse of OW Bunker Impacted the Insurance Industry
Industry Insight: How the Collapse of OW Bunker Impacted the Insurance Industry
This is one of the biggest claims that the trade credit insurance industry has ever experienced and shows the value of having effective credit insurance.
19 Jun 2015
Three Containerships to Install Wärtsilä Scrubbers
The installations will be carried out by Jinhai Heavy Industry.
19 Jun 2015
OW Bunker: Rosenmeyer Revelations a Boost for Damages Claim, Says Danish Shareholders Association
OW Bunker was allegedly brought to the brink of collapse by an oil price collapse in 2008.
19 Jun 2015
Crude Futures Make Upward Momentum
The NYMEX and ICE markets were driven by the U.S dollar which lost its position compared to other currencies specifically the Euro.
18 Jun 2015
Weekly Vessel Scrapping Report: 2015 Week 24
Weekly Vessel Scrapping Report: 2015 Week 24
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from June 11 - 17, 2015.
18 Jun 2015
Update 1: Orkim Harmony Found in Cambodian Waters, Renamed to "Kim Harmon"
"We have found the vessel and RMAF, MMEA and RAAF aircraft are tailing it from the air," says Chief of Navy Admiral Tan Sri Abdul Aziz Jaafar.
18 Jun 2015
FMC Suspects Link Between Container Alliances and Port Congestion
The FMC is set to meet with Chinese and EU counterparts in Brussels to discuss the matter, and other topics, on June 18th.
18 Jun 2015
Box Carriers in $150/TEU Asia-Europe Rate War
Carriers have also voided more sailings than ever before in the first half of the year.
18 Jun 2015
Chinese Supplier Andatee Given Another NASDAQ Delisting Warning
Andatee has received a NASDAQ notification saying that the company is not in compliance with the minimum $1.00 per share continued listing requirement.
18 Jun 2015
Carnival Undeterred by Lack of LNG Bunkering Infrastructure, Says Multi Billion Dollar Backing for LNG Bunkers is the "Right Move"
"I think the early adopters can drive forward that infrastructure," Carnival's Roger Frizzell tells Ship & bunker.
18 Jun 2015
Crude Makes More Mixed Movements
Brent firmed while WTI softened.
17 Jun 2015
Carriers Paying to Ship Customers' Boxes as Asia-Europe Freight Rates Fall Below Fuel Costs
"We are now shipping at an absolute loss," said an executive from an Asian carrier.
17 Jun 2015
DNV GL, VPS Team Up to Show How Bunker Quality Impacts Vessel Performance
A new module will tap into VPS' fuel sampling database to help owners and operators make "informed business decisions."
17 Jun 2015
UK Supplier Looks to Provide Buyers With More Certainty Over Future Bunker Prices
Geos Group says it is looking to help clients form hedging strategies to buffer the possible effects of a rise in oil prices
17 Jun 2015
Bunkers Steady as Crude Futures Make Mixed Movements
Brent contracts for August started the day firming and reached levels $64.41 but softened $0.20 cents per barrel by the end of the trading day.
16 Jun 2015
German Scrubber Company to Install System Aboard Tanker
Babcock Noell's system will be installed aboard Carl Büttner's MT Aurelia.
16 Jun 2015
Goldman Sachs Links Weak Rates to Decline in Bunker Prices as Asia-Europe Spot Rate Plunges Below $250
Shanghai Containerised Freight Index rates hit $243 per TEU late last week.
16 Jun 2015
Almost Half of Tankers Not Ready For New July 2015 SOLAS Regs
From July 1, 2015 new (IMO SOLAS regulations will require ECDIS with ENC to be installed on all tankers of 3,000 gross tonnes or more.
16 Jun 2015
Carnival to Build World's Largest Capacity Cruise Ships, Power Them Using LNG Bunkers
The four new ships will reportedly be the first in the cruise industry to use LNG in hybrid engines and will have the largest guest capacity in the world.
16 Jun 2015