World News

First Vessel Launched with DNV GL's GAS READY Notation
UASC newest ship is the first of 17 newbuilds ordered by the company to receive classification society DNV GL's new GAS READY notation
13 May 2015
Sources: Maersk Line Reaches Agreement in Principal for Eleven 20,000 TEU Boxships at a "Record Low Price"
The order for 11 vessels is worth about $151 million each, said to be a "record low" price.
13 May 2015
Crude Futures Rally Heavily
Brent front month contracts for June firmed $1.95 per barrel settling, WTI June contracts also saw significant gains firming $1.50 settling at $60.75.
12 May 2015
Weak Crude, Bunker Prices Buoying NAT Results
The company beat analyst estimates of $0.27 per share in the first quarter with an EPS of $0.34.
12 May 2015
Reports: Maersk Line to Order 10 More Mega-Ships
The vessels' capacity could be as high as 20,000 TEU with the deal expected to be worth over $1.5 billion and to go to DSME.
12 May 2015
Crude Prices Start the Week Soft
Bunkers were mostly steady in the primary ports. We are anticipating Wednesdays EIA data and are crossing our fingers for an increase in inventories.
11 May 2015
Analyst: Asia - North Europe Box Rate Rise Will Be a Short-Lived
Declines could start as early as this week after spiking over $500 on Friday.
11 May 2015
Wärtsilä, Carnival Partner on Pilot Systems to "Significantly Contribute to Reducing Fuel Consumption"
Engine control plus safety and fuel efficiency packages will be installed on Carnival's 101-strong fleet.
11 May 2015
Weekly Vessel Scrapping Report: 2015 Week 19
Weekly Vessel Scrapping Report: 2015 Week 19
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from April 30 - May 06, 2015.
7 May 2015
Finally, Brent and WTI Futures Retreat
The world is still oversupplied with crude, and we could fairly soon see as much as an excess of 2 million barrels per day more available in the market.
7 May 2015
Analyst Downgrades World Fuel Services to "Sell" Rating
Although first-quarter EPS beat estimates, revenues were said to have missed expectations.
7 May 2015
Maersk Tigris To Be Sold Unless $10 Million Paid
Iran's Pars Tala'eyeh Oil Products Company demands the monies for losses it says it has incurred.
7 May 2015
Weekly Vessel Scrapping Report: 2015 Week 18
Weekly Vessel Scrapping Report: 2015 Week 18
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Apr 30 - May 06, 2015.
7 May 2015
Crude Makes Mixed Movements
WTI ended up loosing its momentum but settled $0.53 higher since yesterday close.
6 May 2015
Bulk Carrier Arrested as Trader Seeks $550,000 Over Unpaid Bunker Bill
Bulk carrier m/v Jo Jin Maru was reportedly arrested on Tuesday.
6 May 2015
Matson Sees "Positive Impact" from Lower Bunker Prices as Profits Soar
Timing of fuel surcharge collections, higher China freight rates, and other factors are credited for Matson's strong Q1 showing.
6 May 2015
Bomin Expands Into Far East Russia
Bomin says it will supply a full range of fuel across all Far East ports.
6 May 2015
Dry Bulk FFA Market Volume Surges in April
Volumes surged 60 percent higher than average in the first three months of 2015.
6 May 2015
Industry Insight: Is the IMO Really Falling Short With its Emission Reduction Targets?
Industry Insight: Is the IMO Really Falling Short With its Emission Reduction Targets?
The IMO's 2020 goal is to reduce CO2 emissions by more than 20% compared to 2005. Is it fair then to infer that the goals are a little archaic?
6 May 2015
Study: Many Ships Already Meet EEDI 2020 Requirements
34 percent of containerships and 43 percent of general cargo ships built in 2014 also meet or exceed the EEDI target for 2030.
6 May 2015