World News

Varo Energy Sells Coastal Storage Facility to Graue
The 87,000cbm facility in January changed hands for an undisclosed sum.
19 Feb 2015
Scrubber Sales Impacted By Cheaper Low-Sulfur Fuel
While the six months between April and September 2014 saw orders almost double, the last fourth months only saw a rise of 19 percent.
19 Feb 2015
Quadrise: MSAR Economics Are Sound Despite Drop in Oil Price
Quadrise said the company could benefit in the future as oil projects that are delayed or canceled now could lead to less supply in the future.
19 Feb 2015
Crude Prices Lose Yesterday's Momentum
The recent rally looks to be short-lived as crude remains prevalent and demand lacking.
18 Feb 2015
Drewry: Fuel-Efficient Ships Will Help Dry Bulk Market to Recover in Late 2015
"Strong trade growth, moderating fleet development and deployment of new fuel efficient vessels," should spur recovery for the sector this year, says Drewry.
18 Feb 2015
Oil Prices Experience a Volatile Day
Demand is weak with many refineries in maintenance mode and prices are still escalating.
17 Feb 2015
Drewry: ECA Cost Impact is "Virtually Zero"
Declining bunker adjustment factors have offset extra costs that came with more expensive fuel.
17 Feb 2015
WFS Sees Benefit from OW Bunker Collapse, Plans to be "a Little Bit More Aggressive" in 2015
WFS has picked up volumes, market share, and people since OW Bunker's collapse, as it eyes further growth in 2015.
17 Feb 2015
Hamburg Bulk: Shipping Industry Must Get Clean
The shipping industry must aim for zero emissions vessels or risk being burdened with "stranded assets" as environmental rules toughen, says HBC.
17 Feb 2015
Geneva Talks Target Shipping Emissions Cap by 2020
The draft text agreed at Geneva could lead the way for legally binding global targets for shipping emissions reduction.
17 Feb 2015
Record Q4 Results at WFS, Marine Profits Back to "Peak Levels"
WFS's marine fuels segment saw gross profits jump 39 percent year-on-year to $60 million in Q4 of 2014.
16 Feb 2015
Industry Insight: LNG - Play the Long Game
Industry Insight: LNG - Play the Long Game
Recent macroeconomic changes have altered the current investment proposition, particularly for LNG.
16 Feb 2015
IMO Details Cases of Non-Compliant "ECA" Bunkers
The IMO released a log of around 100 cases where BDNs indicated ECA compliance but sulfur levels were too high.
16 Feb 2015
Groups Advocates Extending ECAs into the Arctic
Arctic shipping emissions could rise between 150 to 600 percent by 2025, predicts The International Council on Clean Transportation.
16 Feb 2015
3 U.S. Rear Admirals Censured in "Fat Leonard" Scandal
Three U.S. Navy Rear Admirals will be allowed to retire after being censured for accepting "bribes" from GDMA.
13 Feb 2015
Bunker Prices at a "Tipping Point" for Slow Steaming
The choice between operating fewer ships at a faster speed or more vessels at slower speeds is becoming harder to make.
13 Feb 2015
Crude Prices Bounce Back
We saw around a five percent increase, in both crude and gasoil.
12 Feb 2015
Weekly Vessel Scrapping Report: 2015 Week 6
Weekly Vessel Scrapping Report: 2015 Week 6
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Feb 5 - 11, 2015.
12 Feb 2015
IEA: Oil Price Recovery Will Be Modest by 2020 as Supply-Demand Curve Altered
Low oil prices will not stimulate the kind of demand growth seen after previous oil price crashes, says IEA predicting $73 per barrel by 2020.
12 Feb 2015
Zacks: 2015 Will Be a "Good Year" For Shipping, Cheap Bunkers will be a "Major Positive"
But a company's success will ultimately be up to how it copes with ECAs
12 Feb 2015