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Yang Ming Eyes $64M Bunker Saving in 2015 from New Vessels
Yang Ming received the first of a total of 15 14,000 TEU box ships on order, with nine more expected this year and a further five in 2016.
20 Apr 2015
Drewry Reports Big Drop in Box Ships CO2 Emissions, Reduced Bunker Consumption
Fuel-efficient ships, slow-steaming, and government restrictions cited as causes.
17 Apr 2015
Spain Investigates after Fire and Sinking of Ship Carrying 1,409mt of Bunkers
Authorities are said to have towed the Russian ship 15nm out to sea when the fire was discovered, an act criticised by environmentalists.
17 Apr 2015
MPA Warns Singapore Ships Not to Call Yemeni Ports
"The security situation in Yemen has deteriorated further with increasingly widespread armed conflicts," says MPA.
17 Apr 2015
China And Singapore Named As World's Largest Bunker Markets
A report also names Russia as the world's largest supplier of bunker fuel oil.
17 Apr 2015
Fuel Efficiency to Drive 33% Growth in Marine Propulsion Engines Market to Nearly $11B by 2020
The market is expected to grow from $8.23 billion in 2013 to $10.95 billion in 2020.
17 Apr 2015
Weak Shipping Markets Encourage Bunker Saving Innovation
"Energy-efficient designs offer a competitive edge in a depressed market, helping to develop a two-tier structure," says IHS Maritime.
17 Apr 2015
Crude Futures on the Rise
Near term trend continues to be firm.
16 Apr 2015
Weekly Vessel Scrapping Report: 2015 Week 15
Weekly Vessel Scrapping Report: 2015 Week 15
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from April 9 - 15, 2015.
16 Apr 2015
Drewry: No Let-up to the ULCV Ordering Frenzy
Continuing ship orders will make it increasingly difficult to achieve adequate load factors for container lines as well as harming rates.
16 Apr 2015
Shell Sees Higher-Than-Expected Demand for ECA-Formulated Lubes
The company has increased availability of the product across its port network in response.
16 Apr 2015
Marine Battery Maker Signs Deal to Install System on Hybrid Electric Newbuild
Corvus Energy's Energy Storage System will be installed aboard the Edda Freya.
16 Apr 2015
Marine Solar Power Solution Gets Acceptance from Class NK
Japan's EMP has received acceptance for its Aquarius Marine Solar Power system from ClassNK.
16 Apr 2015
Interferry: Leave LNG Infrastructure to Market Forces
"EU Commission-led rules mandating the availability of LNG infrastructure at every EU port are "slightly misguided," says Regulatory Affairs Director.
16 Apr 2015
Gulf Petrochem Renames Indian Acquisition, Puts it "in a Better Position to Grow"
"We are delighted with the name change and are happy to have this business as part of our portfolio," says Executive Director.
16 Apr 2015
Surprise Improvement in Bunker Fuel Quality After Introduction of New ECA Rules
Previously a change in legislation has lead to an increase in off-spec fuels.
16 Apr 2015
Strong Gains for both WTI and Brent
Bunker buyers should fix their ships when ever an opportunity arises.
15 Apr 2015
Interferry: Environmental, Safety Rules Should Be More Pragmatic
There has been a smooth start to new sulfur rules in ECAs but Interferry urges change to proposed ballast water rules and ship safety development methods.
15 Apr 2015
"Too Much Oil" in Rotterdam Fuels Singapore Arbitrage
Traders are seeking Suezmaxes for delivery of IFO 180 from Rotterdam to Singapore, as they eye a $38 per mt arbitrage.
15 Apr 2015
Rickmers to Spend $50M On Energy Efficiency Ship Retrofits
The upgrades would be paid for in part by Rickmers' charter customers.
15 Apr 2015
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