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Weekly Vessel Scrapping Report: 2015 Week 22

Weekly Vessel Scrapping Report: 2015 Week 22

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from May 28 - June 3, 2015.

DNV GL: Hybrid Propulsion Systems "Gaining Ground Faster than Expected"

Tor E. Svensen, CEO at DNV GL – Maritime says there has been a considerable drop in battery prices, as well as improved energy storage capacity.

DNV GL and Jotun Cooperate on Hull Performance Project

DNV GL says the resulting project will enable customers to cut their fuel bills and reduce emissions.

Total Plans to Assemble Fleet of 28 LNG Ships

12 standard LNG ships and 16 LNG ice-breakers will be operated by Total.

Maersk Line Confirms $1.8 Billion Order for its Largest Ever Mega-Containerships

The 19,630 TEU ships will be built by Daewoo Shipbuilding & Marine Engineering.

IMO Set to Adopt Mandatory Gas-Fuel Ship Code

The Maritime Safety Committee will also be invited to amend regulations surround staff training.

Crude Futures Crash on OPEC Output Speculation

We have seen an extremely volatile market the last 5 trading sessions and we expect the market to steady after Fridays meeting.

Study: Using LNG Bunkers in the Arctic Could Greatly Reduce Risks Associated with HFO

The WWF - Canada commissioned study says there is a significant reduction in the risk of environmental damage from spills with the use of LNG.

Monjasa Sees Revenues Rise 16% in 2014

Monjasa noted it also increased its fleet of bunker tankers to 28 compared to 24 in 2013.

Green Groups Renew Call For Global Ship Emissions Cap, Wants Action at MEPC 69

Financial compensation and other initiatives are urged.

New Service Launched to Help Shipping Companies Monitor and Reduce Their Carbon Footprint

AWT says the service also "maintains a close watch" on other vessel performance metrics including fuel consumption.

Wartsila Engine Breaks Efficiency World Record

The accreditation is based on the engine's lowest fuel consumption level at 165 g/kWh.

Marine Solar Power Systems "Ready for Commercial Release" Following Successful Sea Trials

The news follows the recent successful completion of sea trials during two days of testing and evaluation on-board a Greek high speed car and passenger ferry.

Crude Futures Rally

WTI front month contracts for July firmed $1.06 per barrel, Brent firmed $0.70 cents.

Maersk Line Dismisses OECD Findings On Mega-ships

The company said that contrary to claims that mega-ships generate minimal cost savings, Maersk Line has been happy with its financials in that area.

OECD and Industry Groups Clash on Effects of Mega-Containerships

While the OECD believes larger ships are straining port infrastructure, the World Shipping Council says the ships cut down on per-container costs.

Record Trade Volume in June Anticipated for Asia's Fuel Oil Market

Fuel oil trades of the 380 cSt grade for June could easily top 3 million tonnes, say analysts.

Soft Start to the Week for Crude Futures

Bunkers were mostly steady today in the primary ports and we are hoping that crude prices fall significantly as we near the Iran deal.

Lukoil: Oil Has $80 Ceiling for 3 to 7 Years

The prediction would put a cap on bunker prices of around $450 per metric tonne for the period.

DNV GL: "Challenging Markets Ahead" as Remi Eriksen Named New Group CEO

The Board of Directors of DNV GL Group has appointed Remi Eriksen as the company's new Group President and CEO

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