World News

Cape Verde's ENACOL Installs MFMs on its Bunkering Vessels to Increase Transparency, Reliability

The Cape Verde physical supplier says MFMs are much more accurate and reliable than traditional methods.

5 Nov 2014

Navigator Orders New Fuel-Efficient LPG Carriers

Navigator has ordered new fuel-efficient LPG carriers for immediate time charter.

5 Nov 2014

WTI Hits 3 Year Low

There is now talk of market share wars between the various members of OPEC and other non-member countries.

4 Nov 2014

Industry Insight: Wind and Solar Power Close to a Commercial Reality?

Japan's Eco Marine Power says it is getting ever closer to seeing commercial vessels powered by wind and solar energy.

4 Nov 2014

MAN Diesel & Turbo to Supply Dual-Fuel Engines for World's First LNG Powered Car Carriers

MAN has announced it will supply two of its dual-fuel engines for newbuild UECC ships, which will be the world's first LNG propelled car carriers.

4 Nov 2014

Crude Prices Hit a New Two Year Low

Bunker buyers should consider purchasing as far out as the eye can see!

3 Nov 2014

Two Shipowners to Be Awarded Combined $500,000 under New Carbon Credits Scheme

Two shipowners are set to benefit from their use of AkzoNobel's Intersleek hull coatings as a result of a new carbon credits scheme.

3 Nov 2014

Russia Receives Record Applications for Use of NSR in 2014

Report says Russian authorities received over 600 applications for commercial use of the Northeast Passage, while Northwest Passage remains closed.

3 Nov 2014

WFS Reports Record Profits for Q3 2014

World Fuel Services has reported record gross profit overall and a 23 percent year-on-year improvement in profitability in its marine fuel division.

3 Nov 2014

Gunvor Looks to Exit Russian Assets Following co-Founder Sanctions

Sanctions are cited as oil trader Gunvor looks to divest of significant Russian assets.

3 Nov 2014

Surcharges Drop as Oil Prices Fall

"We are seeing most carriers reducing their fuel surcharges across the international trade lanes."

3 Nov 2014

LNG Supply Tight Until 2016

Demand for LNG has only continued to increase worldwide.

3 Nov 2014

SCR Scrubber System for Marine Engines First to Receive Approval from MAN

Hitachi Zosen Corporation's new system received first-time approval from MAN Diesel & Turbo.

31 Oct 2014

Seaspan Takes Delivery of Fifth SAVER Design Eco-Ship of 2014

Seaspan Corp. has taken delivery of its fifth SAVER design ship this year, the MOL Brightness.

31 Oct 2014

ECAs Are Putting Pressure on Marine Lubricant Market, says Total Lubmarine

Low-sulfur fuel is prompting new kinds of lubricant, according to Total Lubmarine

31 Oct 2014

Sustainable Shipping Initiative Members Set a "Clear Benchmark for Sustainable Practices"

SSI says the shared commitments are a "stake in the ground" for members and signal areas for "immediate action".

31 Oct 2014

Oil Prices Fall as Improvements in the US Dollar Continue

Bunker prices were mostly soft in the primary ports and it is not unreasonable to expect them to stay that way for the near term.

30 Oct 2014

Weekly Vessel Scrapping Report: 2014 Week 44

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from October 23rd - 29th, 2014.

30 Oct 2014

Teekay Extends Bunker Saving Hull and Propeller Performance Monitoring Service

The Canada-based shipper says Propulsion Dynamics' CASPER Service is a "valuable tool in our operational and performance arsenal."

30 Oct 2014

NRDC Urges Chinese ECA to Combat "Severe Air Pollution Crisis"

U.S. envornment campaigner NRDC has called on China to adopt "21st Century" regulation of pollution at its ports.

30 Oct 2014