World News

Lloyd's Register: We'll Soon See Ships of 24,000 TEU

Mega container ships may be on the horizon as pressure to put more cargo on ships rises.

17 Oct 2014

WTI Dips Below $80/bbl for the First Time in Four Years

It is not unreasonable to expect another $10 per barrel decline in oil prices, but this is going to go into the winter months.

16 Oct 2014

Weekly Vessel Scrapping Report: 2014 Week 42

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from October 9th - 15th, 2014.

16 Oct 2014

SOHAR to Offer Ship-to-Ship LNG Transfers, LNG Bunkering

SOHAR Port and Freezone will join major bunkering hubs Singapore and Rotterdam in offering the service.

16 Oct 2014

Denmark's Nordseth Eyes Job as IMO Chief

The Danish Maritime Authority's Andreas Nordseth, is said to be considering standing as a candidate when the IMO's top job comes up for grabs.

16 Oct 2014

Asia Ports Under Pressure to Improve Productivity

Mega vessels and shipping alliances have driven ports to increase productivity despite downtimes where equipment lays idle

16 Oct 2014

BIMCO: 2016 Crude Tanker Growth at an 'Uncomfortable' Four-Year High

Projected growth for the crude oil tanker segment is expected to be at 3 percent.

16 Oct 2014

AIDA: LNG Bunkers are the Future for the Cruise Ship Sector

The company said that shoreside energy was only a temporary solution until LNG infrastructure is sufficient.

16 Oct 2014

Scorpio Tankers Predicts Q3 Loss, Announces Receipt of New Tankers

Scorpio Tankers says it is likely to report a loss of between $0.01 and $0.04 per share for Q3 2014, but newbuild ships see its fleet continue to grow.

16 Oct 2014

Global Shipping Will See Lower Demand, Says BIMCO

Fragile and uneven recovery reflected in downgraded IMF growth forecasts will mean lower demand for the global shipping industry.

16 Oct 2014

Dynamic Oil Trading Appoints New Trader Experienced in the Russian Bunker Markets

Nikita Miroshnik joins Dynamic Oil Trading to bolster Worldwide bunker team and drive growth in Russian market.

16 Oct 2014

Oil Prices Continue to Fall

OPEC is showing no signs of easing the oil glut betting that U.S. production will be curbed first.1

15 Oct 2014

Costa Rica Court Green Lights APM Terminal

The Moin Container Terminal will be built in Limon on the Caribbean Coast.

15 Oct 2014

Piracy in Asia Hits New High

129 cases have been reported between January and September 2014.

15 Oct 2014

Falling Bunker Prices Boost Tanker Earnings

Shipbroker Charles Weber says TCE rates are staying constant while bunker prices fall meaning tanker operators are benefitting.

15 Oct 2014

Seaboard Marine to Make Early Switch to 2015 ECA Compliance Fuel

The company also announced it will make efficiency gains through a new vessel sharing agreement with Crowley Maritime Corp.

15 Oct 2014

Brent at Levels Not Seen Since 2010

Supply is far out pacing demand and OPEC seems unwilling to defend a specific pricing level.

14 Oct 2014

Bunker Jobs: Russian Speaking Bunker Trader Wanted, Dubai

Soyuz Bunkering Group is looking for an experienced trader, who values a strong team environment and take pride in building strong lasting relations.

14 Oct 2014

Smaller Carriers will Feel a Greater Impact from ECA Rules

Neptune Ltd president estimates an increase of $50-$55 per container shipped from the U.S. to Bermuda.

14 Oct 2014

Brittany Ferries: Jan 1 ECA Deadline Too Early for Equivalent Methods of Compliance

The ferry operator says scrubber technology is only just now becoming mature enough to be used.

14 Oct 2014