News Prices Demand Map

Free Registration
& Daily Email

World News

VesselsValue.com Launches Port Distance Calculator

The tool is available to all subscribers.

Brightoil Upstream Transformation Stalls as Newfield Pulls Out of Deal

"Although our intent was to monetise the asset, it was not a sale at any price," says Newfield as it says current oil prices had taken a toll on the deal.

Pacific Basin Writes Down Bunker Hedge by $31M, Provides $101M Against Chartered-in Bulkers

Pacific Basin's 2014 earnings will include a $31 million impairment to the value of its bunker swaps and a $101 million provision against chartered-in vessels.

Nordea: Low Bunker Prices Will Save Maersk $2bn

Maersk will save a net $2 billion at group level as falling bunker costs outweigh the negative impact to its oil businesses, says Nordea.

Shippers Pay Over $10M to Avoid OW Bunker-led Arrests

U.S. courts are agreeing to allow shipping companies to avoid arrest of their vessels by paying disputed amounts into trust accounts.

Highest Percentage Gain for Crude in Over 2 Years

But this slight recovery does not seem poised to last.

Drewry: Rationale for Bunker Saving ULCVs is Sound, but Box Market Faces "Huge Problem" Absorbing Extra Capacity

New ULCVs, and an estimated 100,000 TEU of capacity scheduled for delivery in 2014, now due in 2015 is making it hard to match supply with demand.

OW Bunker Norway Subsidiary Bergen Bunkers Receives $567M Claim

The estate for Bergen Bunkers has dismissed the claim from a consortium of 13 banks.

2M Vessel Sharing Alliance Officially Begins

Maersk Line's newest ship left on its first voyage this week.

Aegean Looks to Raise $42M to Fund Expansion Plans

"The Company expects to use the net proceeds from the sale of the new notes for working capital required to fund its expansion," says Aegean.

Energy Complex Continues to Spiral Downward

It will be interesting to see how public energy and shipping companies did in this soft bunker market.

Low Bunker Prices Deterring Shipowners from Investing in Alternative Methods of ECA Compliance

"The average ship owner is not ready to [switch to LNG], full stop," says one LNG shipping consultant.

Matson Makes Further Drop to Bunker Surcharge

"We continue to be encouraged by the recent moderation in bunker fuel prices," says Matson.

Analyst: Box Shippers are the "Biggest Beneficiaries" of Low Bunker Prices

The link between bunker prices and earnings for box shippers is less straightforward, says Jeffries analyst.

Brent Settles Below $50/bbl for the First Time in Almost 6 Years

Sachs and Societe Generale severely cut oil-price forecasts for 2015.

OW Bunker: From IPO to Bankruptcy - Part 4, Parting Thoughts

OW Bunker: From IPO to Bankruptcy - Part 4, Parting Thoughts

The last question to be answered is: could this catastrophe have been avoided?

Oil Traders Hiring Old Supertankers for Long-Term Floating Storage

Oil companies have been able to hire aging tankers for well below current spot prices.

"No Leaks" After Tanker Crashes Into New Cyprus Jetty

"No oil leaks or injuries have been incurred by the incident," says VTTV, but the full extent of damage was still unknown.

Wärtsilä Launches Fuel-Saving X62 Engine

The fuel saving two-stroke engine is "now ready for full market availability" after successful testing, says Wärtsilä.

OW Bunker: From IPO to Bankruptcy - Part 3, The Point of No Return

OW Bunker: From IPO to Bankruptcy - Part 3, The Point of No Return

The catastrophe was disclosed on the 5th of November. A fraud had been discovered in Dynamic Oil Trading.

‹ 713 714 715 716 717 ›