World News

Commodities Players Predict Strong Year for Oil Traders
"If it continues like this, oil could have a blowout year," says Glencore CEO.
4 Mar 2015
Box Shippers to Raise U.S.-Asia Contract Rates Despite Low Bunker Prices
"Supply and demand rule the market," not oil prices, says Maersk Line CEO.
4 Mar 2015
Oil Supply Continues to Far Out Pace Demand
Production is increasing in Libya and if a nuclear deal is reached with Iran even more supply will be available on the market.
3 Mar 2015
OW Bunker Collapse: Carnegie, Morgan Stanley Could Be Liable for IPO Prospectus Omissions
The two banks are said to have issued a memo identfying key points for mention in OW Bunker's prospectus, but they were left out of the issued copy.
3 Mar 2015
OW Bunker: DOT Removed from IPO Prospectus 1 Month Before Issue
Dansk FI's Johnny Madsen says the impression is that the omission was deliberate, and a disaster.
3 Mar 2015
Press Release: Fathom Announce Official Opening of Nominations For The Ship Efficiency Awards 2015
The 2015 awards, hosted by Lloyd's Register, will be held at the Queen Elizabeth II Conference Centre in London on 9th September 2015.
2 Mar 2015
Bunker Jobs: Experienced Bunker Traders / Bunker Brokers wanted in New York, London, and Dubai
"We focus on excellence and are one of the world's largest global diversified natural resource companies."
2 Mar 2015
Bleak Outlook for Dry bulk as GOGL Posts $135M Loss, Moves Forward with Knightsbridge Merger
"During a period with a weak market we expect to see increased scrapping, postponed orders, cancellations and conversions," says Knightsbridge.
2 Mar 2015
Timely Reporting and Vigilance Thwarts Asia Bunker Pirate Activity in November and December 2014
ReCAAP says "no successful siphoning was reported since November 2014 till January 2015,"
2 Mar 2015
Fyffes Reports Six Percent Reduction in Bunker Costs in 2014
Shipping and fuel are one of the key drivers in the company's tropical fruit operations
2 Mar 2015
Maersk Line to Order 11 More Triple E Boxships in Second Quarter
"We need to grow with the market and increase our capacity by 425,000 containers from 2017 onward for three years," said CEO Soren Skou
27 Feb 2015
Pacific Basin Swings to Loss in "Very Difficult Market," 2015 Outlook Challenging
The dry bulker reported an underlying loss of $55.5 million but an EBITDA of positive $82 million.
27 Feb 2015
Weekly Vessel Scrapping Report: 2015 Week 8
Weekly Vessel Scrapping Report: 2015 Week 8
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Feb 19 - 25, 2015.
26 Feb 2015
Maersk Still "Concerned" over Weak ECA Enforcement
"Non-compliance will harm the competitive landscape," says Maersk Group as it publishes its 2014 Sustainability Report.
26 Feb 2015
Drewry: Cheap Oil Boosting LPG Shipping Earnings
"LPG shipping has everything to gain from lower oil prices, despite unfounded fears," says Drewry.
26 Feb 2015
Maersk Group to Focus on Shipping, Oil
"We have to adjust our business - we're doing that - [but] being a conglomerate we're not too worried about it," says Maersk Group CEO.
26 Feb 2015
CMA CGM Hails "Latest Environmental Technologies" on New Box Ship
The carrier says the newly launched vessel will significantly reduce its C02 emissions, as well as the Group's carbon footprint.
26 Feb 2015
Maersk Line Profit Jumps 50%
Bunker consumption and bunker prices helped to force down unit costs as freight rates fell.
26 Feb 2015
General Maritime and Navig8 Merge to Form Gener8 Maritime, the "Largest Owner of Modern ECO VLCCs"
Gener8, a subsidiary of General Maritime, will acquire all shares of Navig8 in a stock-for-stock deal.
26 Feb 2015
Maersk Group Sees 2014 Bunker Bill Fall $598 Million
$98 million of the savings were attributed to efficiency savings at Maersk Line which reduced bunker consumption by 7.9 percent.
26 Feb 2015