World News

Brent Edges Up on Mixed Economic Data
Bunker buyers should continue to watch geo-political events closely in Syria and Hong Kong, but near term there seems to be little impact from these events in the energy complex.
29 Sep 2014
Vancouver Conference Set to Showcase Interferry's UN and EU Input
The Interferry conference in Vancouver takes place on October 6-7 as the central part of a five-day working and social programme.
29 Sep 2014
Alix Partners: Some Companies Buy Bunkers Better than Others
SeaIntel's Lars Jensen says a "fundamental shift in mindset within the carriers" is needed towards cost management.
29 Sep 2014
UASC Deal to Give Hamburg Süd a Foothold in Ocean Three
Hamburg Süd has signed an agreement with the United Arab Shipping Company to give Hamburg access to UASC's East-West routes.
29 Sep 2014
Vale Looks to Convert VLOC's to Use LNG Bunkers
Vale wants to take VLOC performance improvements further, converting vessels to LNG
29 Sep 2014
Petronas Threatens to Drop $10-Billion LNG Project
Petronas CEO Shamsul Abbas said that a new LNG tax and increasing competition from the U.S. had made him rethink the project.
29 Sep 2014
Carnival to Install Scrubbers on 70% of its Fleet by 2016
Company says scrubbers are a sound investment and will mitigate rising fuel costs by 2017.
26 Sep 2014
Intertek ShipCare Awarded "Supplier of the Year"
Global Business Director Steve Bee said it was "a great honour for Intertek ShipCare".
26 Sep 2014
Brightoil Bunker Revenues Down as Group Swings to Profit
Revenue from bunkering activities slides, but Brightoil swings to profit from loss this year.
26 Sep 2014
2M Will Save Maersk Line $350 Million a Year
Maersk Line also has plans to invest $3 billion a year from 2015 to 2019 on new vessels.
26 Sep 2014
Brent Crude Flat as Equities Market Tumbles
Bunker buyers should continue to take advantage of the low bunker prices and send inquiries into the market as far out as possible.
25 Sep 2014
Weekly Vessel Scrapping Report: 2014 Week 39
Weekly Vessel Scrapping Report: 2014 Week 39
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Sep 18th - 24th, 2014.
25 Sep 2014
ICS: Global Shipping's Emissions 20% Lower
The industry said it had produced 2.2 per cent of the world's total emissions in 2012, compared with 2.8 percent in 2007
25 Sep 2014
WTI Up after Unexpected Inventories Report
The rise in WTI today is not seen as durable as the global supply situation remains much the same.
24 Sep 2014
European Shippers' Council: 2M Alliance Could be Damaging to World Trade
ESC Chairman, Denis Choumert, has written to the FMC to sound an "alarm bell" over the deal.
24 Sep 2014
OOCL to Raise Bunker Surcharge to Cover 2015 ECA Compliance Costs
The company said it was not possible to say what the charge would be, but that it will be calculating a new Bunker Adjustment Factor monthly.
24 Sep 2014
Industry Insight: Anniversary of a Milestone Northwest Passage Voyage Highlights Call for Arctic HFO Ban
Industry Insight: Anniversary of a Milestone Northwest Passage Voyage Highlights Call for Arctic HFO Ban
Two months after Neil Armstrong landed on the moon, icebreaking tanker SS Manhattan became the first commercial vessel to transit the Northwest Passage.
24 Sep 2014
Quiet Day for Crude as Brent Trades Flat
An oversupplied oil market without supply disruptions or major weather activity should equal less expensive bunkers, near term for buyers.
23 Sep 2014
US Extends 2M Talks While it Consults China
The US Federal Maritime Commission will likely halt and extend its review of Maersk Line and Mediterranean Shipping Co's proposed consolidation deal.
23 Sep 2014
Wärtsilä and MAN Diesel & Turbo to Jointly Research Multi-Fuel, Bunker Saving Engine Technology
The HERCULES-2 project aims to achieve "significant reductions" in fuel consumption and exhaust emissions.
23 Sep 2014