World News

Industry Insight: SGMF Membership Uncovered - An Interview with Tim Gifford, Managing Director, Graypen
Industry Insight: SGMF Membership Uncovered - An Interview with Tim Gifford, Managing Director, Graypen
Graypen is a leading independent ships agency company which specialises in the provision of high-quality port agency services to tanker vessels.
25 Feb 2015
Panama Canal Won't Be Hurt by Not Catering for Mega-Ships
The extra traffic from such ships is not necessarily desirable at present, says expert.
25 Feb 2015
KPI Bridge Oil Appoints Sales Manager in Singapore
Sørensen's promotion follows 10 years with the company in London and Singapore.
25 Feb 2015
Glander International Bunkering adds Trader in Switzerland
Benedict Barlow will be a bunker and lubricants trader based out of Geneva.
25 Feb 2015
Oil Prices Start the Week Down
Some think the bottom may be set at $45 for WTI and $55 for Brent.
23 Feb 2015
Industry Insight: Bio-Oils and the Dangers of Electro-Static Charging
Industry Insight: Bio-Oils and the Dangers of Electro-Static Charging
Bio-oils compliant with the VGP have a low zinc content, affecting the properties of the oil including decreasing its conductivity.
23 Feb 2015
VLCCs Steaming at Their Fastest Since 2012
Lower bunker prices and higher freight rates may be spurring VLCC operators to speed up.
23 Feb 2015
Rolls-Royce to Supply Pure-Gas LNG Engine for Spanish Ferry
"Besides reducing CO2 emissions by 40%, it also enables us to reduce fuel costs," says ferry operator.
23 Feb 2015
MSC Orders Fuel Saving Jotun Coatings for More Ships
A further 12 ships in MSC's fleet will receive SeaQuantum X200 antifouling coatings in conjucntion with Jotun's HPS concept, following succesful trials.
23 Feb 2015
LNG Shipping Rates At Lowest Levels Since 2010
Rates have fallen to around $50,000 per day compared to $140,000 back in 2012.
23 Feb 2015
Grounded Cargo Ship Leaking Bunkers Off UK
No reports have yet been released on the extent of damage but "there is a lot of salvage work still to be done," says MCA.
23 Feb 2015
DNV GL Classes Mega-Ship MSC Oscar
The vessel's engine is optimised to automatically control fuel consumption according to speed and weather conditions.
23 Feb 2015
NOL Posts Full-Year 2014 Loss of $260M Despite Cost-Cutting
NOL said it had been affected by ongoing labour troubles at U.S. West Coast ports.
20 Feb 2015
SGMF Launches First LNG Bunkering Safety Guide
The guidelines come at "a critical time for the industry to have reliable guidelines that everyone can follow," says SGMF.
20 Feb 2015
Scorpio Tankers: Product Tanker Market Rebound Will Last Years
Scorpio Tankers is well placed to take advantage of a product tanker market rebound that could last years, says CEO Robert Bugbee.
20 Feb 2015
IPO for Recyled Bunkers Company
Ecoslops is listing on the Alternext following successful trials of its "world first" process for recylcing bunkers from slops, aiming to open 3 more sites by 2017.
20 Feb 2015
Glander Hires New Traders for Dubai and Mumbai
Shahid Malik will take up the position in Dubai , while Sumit K Dhawan will be in Mumbai.
20 Feb 2015
Gulf Petrochem acquires Essar's Kenyan Assets
The assets include four retail outlets and a marketing licence.
20 Feb 2015
US Oil Inventory Makes Largest Weekly Gain Since 1982
We continue to see intraday volatility in the WTI and Brent crude oil markets.
19 Feb 2015
Weekly Vessel Scrapping Report: 2015 Week 7
Weekly Vessel Scrapping Report: 2015 Week 7
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Feb 12 - 18, 2015.
19 Feb 2015