World News

Stena Bulk Evaluating Markets Before Expanding Tanker Fleet Pool
The company said it eventually wants to increase the pool to 30 ships from the current 25.
1 Jun 2015
CCS: Any Impact Low Bunker Prices Will Have on LNG Bunker Investment Will Be "Short Term"
Increasingly stringent environmental regulation will "result in a lot more demand for gas fuelled ships in the long run."
1 Jun 2015
Shell: Lubes "Not Only About Matching BN to Sulfur Content"
Shell Marine Products says an imbalance between the acid stress a cylinder oil faces and its BN can lead to scuffing and cylinder liner damage
1 Jun 2015
Aegean: Positive 2015 Q1 Helped by "Tailwind" from ECA Regs
The supplier says its strong first quarter numbers are due to operational efficiencies, infrastructure investment, and leveraging new fuel regulations.
1 Jun 2015
Friday Oil Futures Surge Over 4 Percent
U.S. oil inventories and the U.S. rig count both fell, while next week's meeting of the OPEC was also reported to be "top of mind" for traders.
29 May 2015
Industry Insight: Hybrid Wind Marine Propulsion Systems, a 200 Year Old Idea
Industry Insight: Hybrid Wind Marine Propulsion Systems, a 200 Year Old Idea
Teramoto Iron Works, who produced rigid sales over 40 years ago, is now working with Eco Marine Power on the next generation wind power systems.
29 May 2015
Weekly Vessel Scrapping Report: 2015 Week 21
Weekly Vessel Scrapping Report: 2015 Week 21
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from May 21 - 27, 2015.
28 May 2015
Crude Futures Settle Higher
Early in the trading day the market was soft, Brent futures reached levels we had not seen since early April.
28 May 2015
Aegean Beats Analyst Expectations in First Quarter as Bunker Sales Volume Rises 7.8%
However, revenues and profits decreased from last year.
28 May 2015
CWR: Charterers Representing 20% of Global Shipped Tonnage Shun Inefficient Vessels
Carbon War Room says that charters are using the GHG Emission Ratings to exclude inefficient vessels.
28 May 2015
Better Port Scheduling Would Reduce Fuel Consumption, Vessel Emissions
Emel Aktas from Cranfield School of Management argues that better coordination between ships and ports will benefit both parties.
28 May 2015
Stolt-Nielson Predicts Weak Chemical Tanker Market for the Next 3 Years
Jens F. Grüner-Hegge, Vice President of Corporate Finance at Stolt-Neilsen, says there are too many ships and not enough cargo.
28 May 2015
Niche Carriers Can Still Thrive on East-West Trade: Drewry
The consultant says Matson Navigation's operating margin was at levels that its international competitors could only dream of.
28 May 2015
Overlapping Maritime Enforcement Jurisdictions May Cause Confusion for Shippers
In particular, the EPA and Coast Guard have some conflicting jurisdictions.
28 May 2015
Rising Bunker Costs, Charter Rates Poised to Squeeze Carriers
Meanwhile, attempts to apply general freight rate increases have largely failed.
28 May 2015
Crude Futures Continue Their Downward Trend
The softening market today can also be attributed to speculation that there might have been an increase in U.S crude inventory's.
27 May 2015
Shore Power "Still a Valid Option," says Port
The port of Antwerp is one of several players to voice support for the technology following comments last week it was "a last generation solution."
27 May 2015
GAC EnvironHull Signs Hull Cleaning Contract with Statoil
The GAC Group says that hull cleaning of the Statoil fleet will "enhance efficiency and reduce fuel consumption."
27 May 2015
Tricks of the Bunker Trade: A Guide to Dealing With Post Bunker Disputes
Tricks of the Bunker Trade: A Guide to Dealing With Post Bunker Disputes
Disputes arising over bunker quantity "after" delivery calls for shipboard personnel, and a surveyor present who is experienced in dealing with disputes.
27 May 2015
Crude Futures Tank as the U.S Dollar Makes Significant Gains
It should be noted that the next few weeks shall be interesting and we expect levels to sink as we near the Iran deal.
26 May 2015