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Industry Insight: Where Are The World's Current and Planned LNG Bunkering Locations?

Industry Insight: Where Are The World's Current and Planned LNG Bunkering Locations?

Of the world's 8,000 seaports, 46 ports are LNG hopefuls and a mere 15 are open for general LNG bunker business today.

Djibouti Aims to Become "New Singapore or Dubai"

The small country of about 850 thousand wants to become a key port, akin to Dubai or Singapore, and a commercial hub of eastern Africa

Maersk Line Sets Updated 60% CO2 Reduction Target

The company's surpassed its previous target of 40 percent earlier this year.

CSCL: Widened Suez Canal Will Save Time and Money

The canal upgrades are expected to create cost savings of $60,000-$70,000 per ship.

DNV GL: Solid First Year Financials as a Combined Company

Revenues as a combined company were up 10 percent, while profit also rose to NOK 1,007 million.

Bunker Prices and Operational Efficiencies Help ZIM to "Sharp Improvement" for 2015 Q1

ZIM says its return to profit stems directly from implementing company initiatives, improvement of operational efficiencies, and lower fuel prices.

Norwegian Cruise Ship Runs Aground After Sudden Loss of Power

The ship was floated off at high tide later with no injuries.

EMSA: Spot Checks Show 94% Vessel Compliance with ECA Rules in European Waters

"It is increasingly important for fuel buyers to understand what they have on board," says UK supplier GEOS Group.

Big Gains for Crude Futures

The U.S dollar saw downward pressure compared to other currencies making commodities more affordable for people of different monetary holdings.

Scrubber Orders Seen as a "Vote of Confidence"

AEC Maritime says it has received orders for eight ships so far this year.

Weekly Vessel Scrapping Report: 2015 Week 20

Weekly Vessel Scrapping Report: 2015 Week 20

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from May 14 - 20, 2015.

Aegean Looking to Recover $2.3 Million from OW Bunker Deals

The company currently has $7 million in outstanding receivables from various OW Bunker entities.

Crude Futures Back on the Rise

EIA said there were significant draws from US inventories.

CMA CGM Reports 400% Profit Hike in First Quarter

A new emphasis on operational and cost efficiency, along with cheap bunkers, had a positive affect on the bottom line.

Demand for Efficient and Low-Emission Propulsion Systems is Increasing, Says Compressor Systems Firm

A manufacturer of compressors for fuel gas supply attributes an order increase to stricter environmental regulations.

Drewry: The Gamble on Ultra Large Container Vessels has Backfired

Newbuild 10,000 TEU capacity tonnage will also make it harder to cascade existing tonnage into secondary routes to make way for new mega-ships.

Drewry: Dry Bulk Unlikely to Be Profitable Until 2017

China is poised to move away from iron and coal to renewable energy sources, casting a pall on the dry bulk market

Report: LNG Bunker Markets in U.S. and Europe Have Estabished, but are Seeing Slower Uptake Than Hoped For

But Singaporean consultancy TRI-ZEN said that it expects LNG demand to rebound and supply shortages to occur in the future

Oil Prices Sink as U.S Dollar Strengthenes

Additional, impetus was provided by news yesterday that Saudi Arabia has produced and exported more crude than they have in over a decade.

BP and Sinopec Form Singapore-Based Joint Bunkering Business

The newly-formed BP Sinopec Marine Fuels Pte Ltd. will be based in Singapore.

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