World News

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

ZIM Sees "Sharp Improvement" in 2014 with $116M EBITDA

The company underwent a major financial restructuring during the year, and saw benefits from an efficiency drive as well as a drop in bunker prices.

1 Apr 2015

Brent and WTI Futures Sink

WTI settled at $47.60 while Brent nestled in at $55.11 by the end of the trading day.

31 Mar 2015

Panama Considers 4th Set of Locks to Handle 20,000 TEU Mega Ships

"The Suez Canal has been the big winner because they can handle the Post-Panamax ships," said Quijano, mulling a $17 billion fourth set of locks.

31 Mar 2015

CMA CGM Profit Up 43% in 2014 After "Extremely Robust" Performance

Core EBIT rose 28.8 percent year-on-year to $973 million, while net profit climbed 43.2 percent to $584 million, volumes were up, and gearing was down.

31 Mar 2015

Quadrise Posts Half-Year Loss, Says Production of its MSAR Emulsion Fuel is Poised to Begin

The emulsion fuels company added to its accumulated losses to date, which now totals £68.0 million.

31 Mar 2015

Quadrise: We're Not Dependent on Fuel Oil Demand Growth

Growth will come by taking market share from current fuel oil demand in the marine and power generation sectors.

31 Mar 2015

Skuld: Maritime Industry is Facing New Emerging Risks

According to Skuld, the industry faces emerging technical, financial, and man-caused liabilities

31 Mar 2015

Videotel Launches Fuel Switching Education Program

The company said the new program was a response to a recent U.S. Coast Guard safety alert.

31 Mar 2015

Crude Prices Continue to Slip

If you are securing bunkers "carpe diem".

30 Mar 2015

Fuel Switching-Related Power Losses Persist in ECAs

Lloyd's Register estimated that half of all incidents go unreported.

30 Mar 2015

TORM Deal All But Concluded

"I have a hard time seeing how this could fail to happen," says Chairman on the chances of lenders signing "locked text" agreement

30 Mar 2015

Carnival Orders its "Most Efficient" Ships Ever

Nine cruise ships are on order from two European yards for delivery over four years.

30 Mar 2015

Fuel Cost, Consumption Down For Carnival in Q1 2015

The outlook on bunker savings for Q2 2015 remains bright despite costly hedging programme.

30 Mar 2015

DNV GL: Oil Output Cuts Could See HFO Disappear by 2025

Business director Gerd-Michael Wursig hinted that LNG could be competitive enough in the future to overtake HFO.

30 Mar 2015

2020 Global Sulphur Cap Could Add $100Bn to Shipping's Annual Bunker Bill

The premium for ECA compliant MGO over HFO is expected to remain in the range of $250 and $400 per tonne, regardless of price fluctuations.

30 Mar 2015

Intertanko: IMO Should Use Singapore Model to Shape International Standards on Fuel Quality Best Practice

Current proposal for MEPC68 is not what the organisation had hoped for, says Tim Wilkins.

27 Mar 2015

Brightoil Denies Interest in Acquiring Noble

Previous reports listed Brightoil as potentially being interested in acquiring the commodities trading giant.

27 Mar 2015

Crude Prices Soar as Yemen Conflict Unfolds

WTI crude futures rose over 4%, Brent crude futures surged 5%.

26 Mar 2015

Weekly Vessel Scrapping Report: 2015 Week 12

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Mar 19 - 25, 2015.

26 Mar 2015