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OPEC: Oil Price Will Not Go to $20 or $25
"I think the price will stay at where we are now," says OPEC chief.
26 Jan 2015
T&E: IMO Definition on Arctic Black Carbon Welcome But Long Overdue
"Now the IMO can focus on evaluating which measurement technologies and control measures can be deployed," says NGO, Transport & Environment.
26 Jan 2015
Slow Steaming Getting Less Attractive for Tankers
Charterers must decide between making savings on bunkers by slow steaming, or speeding up but saving money on a shorter charter time.
26 Jan 2015
Current Oil Price is Logical, Says OPEC, Saudi Aramco
"I don't understand, everyone is crying," says OPEC General Secretary.
26 Jan 2015
Singapore-UK Research Collaboration to Develop More Efficient and Eco-friendly Ships
"By harnessing the power of computational modelling and simulations, we help shipbuilders optimise design to improve efficiency," says IHPC Exec Director.
26 Jan 2015
Buoyant Market Sees Tanker Firms Eye $275M in U.S. Listings
Euronav and Tankships are seeking U.S. listings, saying increasing charter rates signal a tanker market rebound.
23 Jan 2015
Rotterdam Distillate Sales Surge in December
Bunkering of MGO and MDO more than doubled in December as ships looked to bunker with lower sulfur fuels just before 2015 ECA rules came into force.
23 Jan 2015
US Players Report Slow Uptake of 0.10% ULSFO Product
Early price indications for the new product suggest ULSFO carries a discount of around $25 pmt compared to 0.10 percent sulfur MGO.
23 Jan 2015
Largest Build in WTI Crude Stocks in Over 14 Years
This sustained level of low fuel oil prices for shipping companies could continue to equal greater returns over a prolonged period of time.
22 Jan 2015
Weekly Vessel Scrapping Report: 2015 Week 3
Weekly Vessel Scrapping Report: 2015 Week 3
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Jan 15 - Jan 21, 2015.
22 Jan 2015
BP: Low Oil Prices Could Last 3 Years
The energy major says it is reviewing its investment strategy in expectation of low prices .
22 Jan 2015
Maersk Line: Moving Away From Slow-Steaming Would Require a Fundamental Change to the Network
But some carriers say low bunker prices give them the opportunity to speed up to improve reliability.
22 Jan 2015
Surge in At-Sea Oil Storage as Traders Seek Arbitrage
"Floating storage remains a major focus in the tanker market," says analyst.
22 Jan 2015
Total Lubmarine Bioneptan Products Receive Approval from Kemel
The Bioneptan range of lubricants are classed as environmentally acceptable lubricants.
22 Jan 2015
ENI: Oil Price Could Hit $200 bbl in 5 Years if OPEC Fails to Act
"OPEC is like the central bank for oil which must give stability to the oil prices to be able to invest in a regular way," says CEO.
22 Jan 2015
Rotterdam's 2014 Annual Bunker Sales Up on Increased Distillate Sales
Sales volumes rose 200,000 tonnes overall to 10.6 million tonnes, mirroring the rise in combined sales of diesel and MGO, while fuel oil volumes remained flat.
22 Jan 2015
Former OW Bunker VP Physical Division Joins Maersk Tankers
Søren Christian Meyer says he joined Maersk Tankers as Chartering Director effective January 1.
22 Jan 2015
Crude Prices Rebound
With OPEC showing no sign of slowing down, we don't expect today's run to reverse the trend.
21 Jan 2015
Curoil Expands its Fuel Trading Team
Garrick Stomp will work alongside Melissa Aniceto and Ali Dennaoui.
21 Jan 2015
GE Receives Order for Electric Propulsion Systems For LNG Carriers
The systems will be installed on two carriers being built by Kawasaki Heavy Industries.
21 Jan 2015
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