World News

New Appointments for LNG Bunker NGO
Society for Gas as a Marine Fuel adds 2 new technical advisers and a Brand, Marketing and Membership Manager.
23 May 2014
DNV GL: Qatar's Entry into LNG Bunkering will be a "Game-Changer"
DNV GL is launching its new Recommended Practice as the nation moves to supply LNG fuel in the region.
23 May 2014
Forbes: OW Bunker One of the 2000 "Biggest, Most Powerful, and Most Valuable Companies in the World"
The recently listed bunker player joins ranked number 1768 in Forbes' latest annual Global 2000 list.
23 May 2014
Crude Oil Down After a Mixed Day of Trading
We continue to tell bunker buyers to book orders before the holiday weekend.
22 May 2014
Aegean's Bunker Sales Up 14% in Q1
U.S. East Coast integration complete, the supplier will introduce Fujairah storage in H2.
22 May 2014
Lower Bunker Costs, Higher Volumes Help Maersk Line in Q1
The company raised its full-year forecast after more than doubling its quarterly profits.
22 May 2014
BW Group Buying 10 Fuel-Saving Chemical Tankers
The deal includes newbuildings with high-efficiency engines and hulls, plus two secondhand vessels.
22 May 2014
Bad Weather Drives Up Bunker Costs at Eitzen as Losses Widen
The carrier reported negative results as bunker consumption rose and rates fell.
22 May 2014
Oil Prices Rise After Sudden Draw on US Crude Inventories
Speculators grasped the opportunity to drive WTI to its highest level for the past month.
21 May 2014
IRClass Makes New Appointments in Singapore, London
The appointments are part of its "strategic plan to expand its capabilities and geographical reach".
21 May 2014
Israeli State to Lose Control of Zim in $3bn Restructuring Deal
The plan includes debt-to-equity conversions and new supports from Israel Corp.
21 May 2014
Another Flat Day of Trading at the NYMEX
Bunker buyers beware, we are heading toward a holiday weekend in the United States where typically lower volume trading firms bunker prices.
20 May 2014
Class Societies: Big Change Happening in Marine Fuels
"The stricter environmental regulations and rising fuel costs lead to technology development."
20 May 2014
Gazprom Seeking Singapore Listing
The Russian company is also working on a deal to supply gas in China as tensions with the West mount.
20 May 2014
Crude Prices Start the Week Flat
A recovering US economy could see bunkers continue to climb in the primary ports.
19 May 2014
VLCC Orders Could Wreck Sector Recovery
Good yard prices, private equity investment, and firming freight rates may be pushing orders too high, Drewry says.
19 May 2014
Seaspan: LNG Bunkers for Containerships are "A Long, Long Way Off"
Seaspan CEO says storage of the fuel and equipment make the fuel impractical for running main engines.
19 May 2014
Singapore's NOL Reports $98M Loss in Q1 as Rates Fell
Container division APL improved efficiency, saving on bunkers and operations.
19 May 2014
New Awards Ceremony to Recognise Maritime Efficiency, Sustainability
The official awards ceremony will be held on October 2, 2014 at the Queen Elizabeth II Conference Centre in Westminster, London.
16 May 2014
Gulf Petrochem Appoints New Executive Director for Growth Drive
Thangapandian Srinivasalu will be driving the company's growth into new territories including the Far East and East Africa.
16 May 2014