World News

Weekly Vessel Scrapping Report: 2014 Week 20

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from May 8th - 14th 2014.

16 May 2014

Crude Markets in Flux as Ukraine Concerns Continue

The U.S. is still well supplied with crude and the market slip confirmed this sentiment.

15 May 2014

New Shipping Initiative to Work for Strong ECA Enforcement

The Trident Alliance will hold an exploratory meeting on May 28 to unite the industry on the issue.

15 May 2014

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15 May 2014

Viking Ocean Cruises Orders Two Fuel-Saving Ships

The cruise vessels will have hybrid engines, optimised hulls, and exhaust-reduction equipment.

15 May 2014

DNV GL Collaborating on Methanol-Fuelled Tankers

The class society is working to ensure they are "as highly safe as conventional heavy-oil-fuelled ships."

15 May 2014

TORM Losses Up on Impairment Charges, Falling Spot Rates

The company agreed to sell 13 more vessels to Oaktree-affiliated companies in Q1.

15 May 2014

Eco-Ships Help Hapag-Lloyd Reduce its Bunker Costs

Despite lower bunker bills and a drop in fuel consumption, the company struggled with a tough market.

15 May 2014

Crude Oil Prices Firm

Get ready for even higher prices with the bears heading into the woods for the remainder of the week.

14 May 2014

Endofa Expands Into Central America

Honduras ports will be serviced with product tested by Intertek.

14 May 2014

Heavy Lift Firm Adding 15 Fuel-Saving Ships

The vessels will meet rising demand for heavy lift/project transport, Intermarine says.

14 May 2014

Industry Insight: Bunker Down for New Fuel Regime

The shipping industry stands on the brink of new regulations that will affect marine fuel specifications and in turn the global market.

14 May 2014

Private Equity "Ruining" the Shipping Market

Broker says the firms don't know enough about the industry to invest responsibly.

14 May 2014

WTI Marches North on Stockpile News

Bunker prices were firming in the primary ports as WTI gained $1.11/bbl to $101.70, and Brent rose $0.80/bbl to $109.24/bbl.

13 May 2014

Shipper Raises BAF on High Bunker Prices

Pacific shipper Matson says the increased rates are effective June 8, 2014.

13 May 2014

OW Bunker's Quality Claims Drop Below 1%

The results for the first quarter of 2014 follow a company campaign to reduce quality issues.

13 May 2014

"Major Step Forward" in Bringing Wind, Solar Marine Propulsion System to Market

Alliance with Teramoto Iron Works will see the production of the firm's EnergySail later this year.

13 May 2014

"No Relief" on Bunker Prices as Odfjell Loss Widens

The company is reviewing its business to increase competitiveness as questions about market improvements linger.

13 May 2014

WTI and Brent Stable on Monday

There were some good opportunities in the market today for Bunker Buyers as avails remain good in the main bunkering ports.

12 May 2014

Tanker Operator Declares its "Best Results" in Years

Time charter rates for NAT's Suezmax tankers were much higher, but volatile in Q1.

12 May 2014