World News

Greek Dry Bulk Shipper's Profits Fall in Q1 as Bunker Costs Rise
Globus bets on market recovery to boost spot rates over the rest of 2014.
2 Jun 2014
BMS Bunkers, United Bunkering & Trading merge to form BMS United Bunkers
Effective June 1, 2014, the new Group says the merger makes it one of the world's largest bunker suppliers.
2 Jun 2014
Weekly Vessel Scrapping Report: 2014 Week 22
Weekly Vessel Scrapping Report: 2014 Week 22
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from May 22nd - 28th 2014.
30 May 2014
Mobile System Developed for Ballast Water Compliance
The BWT units can be used on board ships as an alternative to retrofitting or at ports.
30 May 2014
Australian Ro-Ro to be First LNG-Powered Vessel of its Kind
German shipbuilder to construct the ferry, which will use mobile LNG tanks for power.
30 May 2014
Bunker Prices Stable as Crude Makes Gains
By end of the session WTI had gained $0.86/bbl settling at $103.58/bbl while Brent gained $0.16/bbl finishing the day at $109.97/bbl.
29 May 2014
Inside Opinion: The Evolution of Bunker Credit
Inside Opinion: The Evolution of Bunker Credit
Credit management is growing and developing and there will come a time when bunker traders look to self-insure.
29 May 2014
First Southeast Asian Vessel to Get Fuel-Saving Propeller-Rudder System
The latest Rolls-Royce Promas Lite system is said to reduce fuel use by 5 to 15 percent.
29 May 2014
Asia Growth Helps OW Bunker's Sales Volume Rise 15% in Q1
The company's profits declined as it incurred expenses related to its IPO.
29 May 2014
WTI and Brent Close Lower
Barring any real changes in the geo-political arena that the downward trend should continue for the next few days.
28 May 2014
Maersk Gets 50% Reduction in NOx Emissions in New Tech Tests
The company is using exhaust gas recirculation systems on two containerships.
28 May 2014
New Drewry Analysis of ECA Shipping Costs
The firm puts the extra expense for trans-Atlantic voyages at $29 to $49 per TEU.
28 May 2014
New ECA Rules Will Lead to "Consolidation Amongst Bunkering Companies"
Dynamic Oil Trading predicts many bunkering companies will struggle to provide the credit needed for more expensive ECA compliant fuel.
28 May 2014
Crude Down, But the Weakening in Prices "Should be Brief"
WTI slipped $0.24/bbl to $104.11 while Brent retreated $0.43/bbl settling at $110.11/bbl.
27 May 2014
Dan-Bunkering Hires New Trader
Ali Hoodaji will work from the company's main office in Denmark.
27 May 2014
Australian Navy Vessels to be Biofuel-Capable
The adoption of new fuels as they become available will help in cooperation with the U.S. Navy.
27 May 2014
Charter Deals for Eco-Design Containerships
Ships Finance International said it has chartered the four newbuilds to a European-based container line.
27 May 2014
First VLOC Instalation for Energy-Recovery System
The system, from Mitsubishi Heavy Industries, reduces fuel use on a MOL ore carrier 8 percent.
26 May 2014
D'Amico Sees Big Demand for Eco-Vessels
The company is continuing investments in fuel-saving ships despite a difficult quarter.
26 May 2014
New RCL Mega-Cruise Ship "20% More Energy Efficient"
The cruise line has also announced a fourth Oasis class vessel to be built at STX in France.
26 May 2014