World News

Intertek: ULSFO Hybrid Fuels Burn Faster, Cleaner, and Have Good Net Calorific Values

However the test data also indicates that operators need to understand how to correctly store and use the products to avoid compatibility issues.

8 Apr 2015

VPS Appoints New CEO

Gerard Rohaan succeeds Eirik Andreassen, who VPS said has stepped down as Chief Executive Officer.

8 Apr 2015

Iran Deal to Have Far-Reaching Impact for Shipping, Oil

In particular, the tanker sector is said to be the main likely beneficiary of eased sanctions as Iran is poised to significantly raise oil exports.

8 Apr 2015

Crude Front-Month Contracts for May Maintain Upward Momentum

The prices were driven up by the EIA monthly report forecasting higher global demand and also seeing a slow down in U.S based production.

7 Apr 2015

Industry Insight: SGMF Membership Uncovered - An interview with Sean Andersen and Tony Haston, Dixon Valve & Coupling

Dixon, founded in 1916, is a premier global manufacturer and supplier of hose couplings, valves, dry disconnects, swivels, and other fluid transfer and control products.

7 Apr 2015

Sri Lankan Bunker Association Urges Open Bunkering at Hambantota

A single user "monopoly" deal would be bad for bunkering in Sri Lanka, says ALBSOL.

7 Apr 2015

Hapag-Lloyd: It Should Be Possible to Make Money in Box Markets

"It always surprises me, that there are so many companies struggling with an industry that grows 3-4 percent every year," says CEO.

6 Apr 2015

Grimaldi Lines Orders More Bunker Saving Upgrades

Grimaldi Lines will upgrade five more RoRo vessels with Rolls Royce bunker-saving technology.

3 Apr 2015

Rickmers: The Market Demands Large Fuel-Efficient Ships to Sustainably Lower Slot Costs

The Shipowner is investing $260M on 3 new bunker-saving box ships.

3 Apr 2015

Euronav Sees "Remarkable" 2014, Still Makes Loss

"2014 was a remarkable year for Euronav," says CEO as revenue climbed more than 50 percent year-on-year and the group swung to an operating profit.

3 Apr 2015

Euronav: 2015 Looking Good for Tankers, Volatility Should Be Embraced

"We have deliberately exposed our fleet to the spot market for 2015 to benefit from what we believe will be a multi-year, growing freight rate market, says group.

3 Apr 2015

Weekly Vessel Scrapping Report: 2015 Week 13

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Mar 26 - Apr 1, 2015.

2 Apr 2015

China Shipping Development to Order New Bulkers

Three 6,600 dwt bulkers will be ordered by Jinghai Shipping, to be built by an as yet undisclosed Chinese shipyard.

2 Apr 2015

Suez Canal Expansion to Be Ready by July

"We capitalise on our location for the first time," says Egyptian minister as he reveals the canal expansion should be ready a month early.

2 Apr 2015

OOIL Orders Six 20,000 TEU Box Ships for OOCL

The deal is reportedly worth $951.6 million

2 Apr 2015

GAC Bunker Fuels Hires New Global Trading Manager in Dubai

Colin Holloway is a claims expert and well-known in the Middle East bunkering community.

2 Apr 2015

MSC Takes Delivery of Second Mega Ship MSC Oliver

The ship, along with its sister vessel MSC Oscar, are currently the largest containerships in the world.

2 Apr 2015

Brent, WTI Levels Rise to Highest Since Early February

Brent saw an increase of 3.6%, while WTI saw an increase of 5.2%.

1 Apr 2015

MOL Names New President

Senior Managing Executive Officer Junichiro Ikeda was named as president

1 Apr 2015

Drewry: Clear Evidence Box Carriers Are Passing-On Bunker Savings

"But they might not feel so generous now that rates are on the floor," according to the firm's latest Container Insight.

1 Apr 2015