World News

Singledecker Bulkers: The Most Scrapped Vessel in 2013

28 percent of the entire Singledecker Bulker fleet was sold for demolition last year, according to VesselsValue.com data.

12 May 2014

Carriers will Pay 62-70% Extra for ECA Bunkers Next Year

Cross-Atlantic trips will be hit particularly hard by the higher cost for MGO, says analyst Derik Andreoli.

12 May 2014

Weekly Vessel Scrapping Report: 2014 Week 19

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from May 1st - 7th 2014.

9 May 2014

Press Release: Exclusive Look at RORO 2014 Conference Topics

RORO 2014 in London will include high level conference sessions including a look at alternative fuels.

9 May 2014

Crude Benchmarks Correct After Overreaction to EIA Report

Brent slipped $0.09/bbl settling at $108.05/bbl while WTI retracted $0.51/bbl to $100.26/bbl.

8 May 2014

$5M Finance Deal for Marine Battery Firm

Corvus Energy has also appointed a new interim CEO.

8 May 2014

Eco Reporting Groups Explore Merger

The Clean Cargo Working group and Clean Shipping Index say uniting would help create uniform standards.

8 May 2014

Industry Insight: New Lubricants for New Circumstances

Amid the maritime industry's focus on fuel efficiency and environmental regulation, the days of clear-cut cylinder oil decisions are over.

8 May 2014

Brent and WTI Increase as US Production Dips

Bunker buyers should beware - prices are much more likely to increase significantly than decrease over the near term

7 May 2014

Inside Opinion: Lessons from OSG - Does Ch11 Skew the Global Playing Field?

Could we have seen many more shipping bankruptcies in Europe if there was Ch11 protection, and bankruptcy didn't mean liquidation?

7 May 2014

New "ECA Aware" Voyage Calculator Product from AWT

The software company says the program can incorporate weather, hire rates, ECAs, and other factors.

7 May 2014

Slight Gain for WTI as Brent Slips

WTI settled slightly up $0.02/bbl to $99.50/bbl while Brent slipped $0.66/bbl finishing at $107.06.

6 May 2014

Buckeye Revenues Up on Hess Acquisition

Integration of the Hess terminals in the U.S. and St. Lucia is ongoing, CEO says.

6 May 2014

LR: LNG Advantages Not as Clear-Cut as Some Suggest

John Bradshaw, Lloyd's Register Marine's lead project engineer for machinery says there's no end in sight to competition among fuels.

6 May 2014

Maker of Bunker Saving Air Lubrication System Rebrands

DK Group is changing its name to Silverstream Technologies, as it moves forward with its fuel-saving system.

6 May 2014

WTI, Brent Prices Soften on Weak Chinese Manufacturing Data

Investors have seemingly already priced in the civil war risk in Ukraine and its buy signs all the way for bunker buyers.

5 May 2014

Weekly Vessel Scrapping Report: 2014 Week 18

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from April 23rd - 30th 2014.

2 May 2014

World Fuel Services Sees Marine Profits Rise 15%

The fuel giant's overall revenues and profits both grew in Q1 2014.

2 May 2014

Moody's Shipping Outlook Best Since 2011

The ratings bureau said lower bunker prices and fuel-saving efforts helped improve the industry's prospects.

2 May 2014

Crude Slips Again As Record U.S. Inventory Levels Continue

WTI slipped $0.32/bbl, settling at $99.42/bbl, while Brent fell $0.31/bbl, finishing at $107.76/bbl.

1 May 2014