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Crude Futures Soar to Hit New Highs for 2015

Brent settled up $1.95 since yesterdays close, while WTI front month contracts for June firmed heavily, rising $1.47 since yesterdays close.

Drewry: Only a Matter of Time Before Ocean 3 Becomes Ocean 4

The addition of Hamburg Süd is a "logical fit," according to Drewry.

Analysts Maintain "Hold" Rating for Aegean

Aegean's fourth-quarter EPS was in line with analyst estimates.

New Marine Engines Tested and Certified to Use Ethane

Wärtsilä's 50DF marine engine was tested with the help of Denmark-based Evergas.

WFS: Record Q1 Bunker Volumes "Totally Unrelated" to OW Bunker Collapse

"The OW impact I think is then pretty drastically exaggerated to a certain extent," says chairman and CEO Michael Kasbar.

Bunker Costs Down But Anemic Growth in 2014 for Hamburg Süd

Declining freight rates and a weak US dollar cause total sales to fall.

Kristian Mørch Named New CEO and President of Odfjell SE

Mørch will be leaving Gary Vogel, his co-CEO since 2013, as sole CEO for the Clipper Group.

Brent and WTI June Contracts Jump to levels Unseen as of 2015, But End the Day Down

Buyers should still be purchasing as far out as possible until a true reversal in the current trend is seen.

Boost from Low Bunker Prices Less Than Expected as Vale Posts $3.1 Billion Net Loss

Brazilian mining giant loses out on fuel hedge, while "prices of diesel in Brazil are not directly correlated to international oil prices."

Tanker Market Making Extended Earnings Run In 2015: BIMCO

The association says rate averages posted in Q1 have not been seen since 2008.

Alfa Laval Patents Scrubber Wash Water Cleaning Process

The PureSOx H2O water cleaning unit removes soot from the scrubber's circulation water when it is operating in closed-loop mode.

Weekly Vessel Scrapping Report: 2015 Week 17

Weekly Vessel Scrapping Report: 2015 Week 17

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Apr 23 - Apr 29, 2015.

Crude Futures on the Rise

We advise buyers to protect themselves and buy bunkers sooner rather than later so as not to be exposed to the continual escalation of oil prices.

Analysts: "Stellar" Start to Tanker Market in 2015, and 2016 Looking Better than Previously Expected

Arctic's updated rate forecast is an average VLCC rate of $50,000 per day in 2015.

Scorpio Bulkers Unloads 10 Newbuilds for $401 Million

Announcement follows December sales call of four Capesize newbuilds

Benchmarks Rise as Cushing Sees First Draw on Crude Stocks in Five Months

Supporting the climb was a smaller than expected rise in US crude inventories stocking the fire that demand is growing.

Iran Seizes Singapore-Managed Maersk Container Ship In Persian Gulf

Maersk Tigris had been following normal commercial route, says Rickmers Shipmanagement.

Seaspan Orders Eco-Ships as Part of a 7 Vessel Order Spree

Two deals were inked for an approximate total of $653.5 million, with the vessel scheduled for delivery in 2017.

T&E: Public Ship Emissions Data Should Be "Stepping Stone" to a CO2 Target

Environmental group Transport & Environment said that benefits associated with a new emissions reporting law will be offset by industry growth.

Bunker Supplier Given Delisting Warning

It is the second warning that Andatee China Marine Fuel Services Corporation has received this month.

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