World News

Trumf Makes New Hire in Bid to Expand in Asia
Adam Wang's focus is on Asia.
30 Oct 2014
Crude Makes Further Gains
Brent crude oil continues to slowly recover from the low $80/bbl and is now marching toward $90/bbl.
29 Oct 2014
Lower Bunker Prices Should Fuel Better Than Expected Performance for NYK
The company saw profit in the container industry for the first time in three quarters.
29 Oct 2014
Industry Insight: VPS Discusses Fuel Grades and ISO 8217
Industry Insight: VPS Discusses Fuel Grades and ISO 8217
VPS has noticed that since early 2014, the shipping industry has seen a growing understanding of the advantages of the latest edition of ISO 8217.
29 Oct 2014
Carriers May Face "Difficult Task" Negotiating Contracts Ahead of ECAs
Many large volume shippers have specific "no surcharge" clauses.
29 Oct 2014
German Box Ship Arrested in Singapore
Reasons for the arrest are unknown.
29 Oct 2014
"Urgent Need" for Box Shippers to Announce Low Sulfur Surcharges
Only a handful of carriers have so far released details of surcharges.
29 Oct 2014
New Ice Class Bulk Carrier Will Have a Dramatic Impact on Fuel Costs and Emissions
The new Pangaea vessel will save bunkers through increased capacity and the use of the Northern Sea Route.
29 Oct 2014
Crude Trades Flat on Mixed Economic Indicators
Bunker buyers should continue to watch for news from OPEC countries regarding the potential cut of supply output.
28 Oct 2014
Clean Marine Wins Contract for Scrubber Installation
The company will install its system on two tankers being built at Hyundai Mipo Dockyard.
28 Oct 2014
Crude Trades Flat as Goldman Sachs Cuts its Oil Price Forecast
Today's weak dollar fueled much the market's bounce back. Bunker prices were relatively stable while preferable!
27 Oct 2014
OW Bunker: Q3 Loss "Was Very Disappointing"
The company reduced its volume growth forecast as it moves its focus to higher-margin business.
27 Oct 2014
BIMCO: Standard Bunker Contract is Balanced for Both Parties, Will Help Manage Risk, Reduce Disputes
Hunter says a draft SBC is available now for review, and a final version "should be available to the industry by the end of the year."
27 Oct 2014
VLCC Shortage Cuts In On Rotterdam and Singapore Fuel Oil Arbitrage
One trader said they could not find an available VLCC until late November.
27 Oct 2014
EIA Calls for 10-Year Moratorium on Arctic Shipping
UK's Environmental Investigation Agency believes it will take that long for the Polar Code to come into effect.
27 Oct 2014
IBIA Welcomes MEPC Plans for Fuel Compliance Measures
MPEC will form a correspondence group to create a draft framework.
27 Oct 2014
Alphaliner: Slow Steaming Keeps 7% of Global Fleet Employed
7 percent is the equivalent of 1.3 million TEU in capacity.
24 Oct 2014
TSA Says There Are "Serious Questions" Over 0.10% Supply
The TSA said that demand for relatively scarce MGO would mean large price differentials.
24 Oct 2014
Implementing ECAs Expected to Cause Massive Fuel Price Distortions
Similar price differentials occurred when the 1.0 percent sulfur cap was implemented in 2010.
24 Oct 2014
Crude Prices Firm as Saudi Arabia Cuts Supply Output
Bunker buyers should continue to purchase as far out as possible.
23 Oct 2014