World News

Liberian Registry Partnership to Fund Eco-Retrofits
"Our aim is to ensure that Liberia remains the greenest fleet afloat," says CEO.
30 Jan 2015
Skuld: New ECA Rules Have Teeth, Enforcement Will Be Rigorous
"There should be no doubt as to very serious and committed approach that will be taken towards enforcing the limits," says Skuld.
30 Jan 2015
Oil Markets See Little Direction on Thursday
It remains to be seen how long the speculators can hang on, but we do not think the bottom is here yet.
29 Jan 2015
Weekly Vessel Scrapping Report: 2015 Week 4
Weekly Vessel Scrapping Report: 2015 Week 4
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Jan 22 - Jan 28, 2015.
29 Jan 2015
Drewry: Shipping Alliances Mean Greater Choice, Lower Freight Rates
Changes "will give shippers even more choice and likely suppress freight rates" on East-West routes, says Drewry.
29 Jan 2015
Barclays: We Expect to see Further Downside to Prices in the Next Few Months
"Both WTI and Brent [are] likely to trade into the high $30s before the oil price decline is arrested," says Barclays.
29 Jan 2015
Wärtsilä to Provide Propulsion Solution for 3 "Trend Setting" Dual-Fuel Tugs
The new escort tugs will primarily burn LNG bunkers when they enter operation at Statoil's Melkøya terminal in Norway.
29 Jan 2015
Glander International Bunkering Welcomes New Senior Trader in Dubai
"Christoffer brings new cultural knowledge and experience to our firm," says CEO Christoffer Berg Lassen.
29 Jan 2015
Crude Down as inventories Hit at Least an 80-year High
There is too much downward pressure on any slightly supportive news for oil.
28 Jan 2015
Goldman Sachs Predicts $30 Oil, Slump to Continue
"We're probably in the lower, longer view," says Goldmans President, predicting the oil price will continue to fall.
28 Jan 2015
New Greek Government Halts Sale of Piraeus Port
"The COSCO deal will be reviewed to the benefit of the Greek people," says new Deputy Minister for shipping.
28 Jan 2015
Analysts Continue to Have Confidence in Aegean Performance
Zacks has upgraded the company's shares to "outperform" suggesting an upside of 9.5 percent on current prices.
28 Jan 2015
Oil Prices Rally But Market Fundamentals Remain Unchanged
Oil prices jumped 3 percent on Tuesday but oversupply concerns were expected to continue to weigh on oil prices in the near term.
28 Jan 2015
NYMEX Volumes Down as Snowmagedon Fails to Materialise
The dollar weakened today which drove Brent and WTI oil prices up.
27 Jan 2015
BIMCO Publishes Explanatory Notes for Standard Bunker Contract, BIMCO Terms 2015
The notes are intended to help potential users get a clearer idea of the thinking behind the terms.
27 Jan 2015
Maersk Line: East-West Trades Will Remain Challenging as Overcapacity Continues to Drive Down Freight Rates
"It is likely there will be significant capacity deployed on the East-West trade due to its continued importance," says Maersk Line Manager.
27 Jan 2015
Singapore Bunker Demand Widens East-West Fuel Oil Swap Spread
The spread is at its widest point since the figures began being tracked in October 2014.
27 Jan 2015
Hempel Launches New Epoxy Coatings for Marine Application
The new coatings for cargo tanks and ship surfaces are quicker to apply and more flexible than others on the market, says Hempel.
27 Jan 2015
Former KPI Bridge Oil Managing Director Joins Bunker Holding
Henrik Hansen has been hired to implement company internal training and development programs.
27 Jan 2015
Weather Warning Sees Traders at the NYMEX Head Home Early
If you have ships coming into New York, Philadelphia or Boston, check with your local agent in advance on berthing prospects.
26 Jan 2015