World News

Industry Insight: DNVPS on Understanding the Importance of Bunker Quantity Surveys

Millions of dollars are lost every year through disputes over bunker quality or quantity, and it is more important than ever to avoid such disputes.

1 May 2014

Crude Oil Prices Soften as US Stockpiles Rise

No question about it, this is a buying opportunity for bunker purchasers.

30 Apr 2014

New Houston and Singapore Hires for GAC Bunker Fuels

Chris Brooks joins the team in Houston, while Casey Han was hired at the Singapore office.

30 Apr 2014

Industry Insight: Wärtsilä Explains the Impact of Bunker Sulfer Content on Scrubber Performance

Sigurd Jenssen says that scrubber operators can save energy by enforcing their own personal sulfur limit.

30 Apr 2014

New LNG Carriers Promise 40% Fuel Efficiency Improvement

The vessels, being built by Imabari for the Spanish market, will be larger than current carriers.

30 Apr 2014

Oil Benchmarks Climb on Russia Sanctions

WTI gained $0.44/bbl, settling at $101.28/bbl. while Brent rose $0.86/bbl finishing the day at $108.98/bbl.

29 Apr 2014

Jump in Profits for Scorpio Tankers

The company added new ships as it seeks a modern, fuel-efficient fleet.

29 Apr 2014

Shipowners Will Need a "Great Deal of Money" for Eco-Compliance

"Shipping is going to have to find a great deal of money over the next few years simply to stay within the rules."

29 Apr 2014

Inside Opinion: What Does the Future Hold for Panamax Vessels?

The whole outlook for a section of bulkers, boxships and product tankers is set to change forever - and for Panamax owners, not for the better.

29 Apr 2014

Oil Prices Mixed on Political Unrest

Once again geo-political events are adding to the premium bunker buyers are facing.

28 Apr 2014

Industry Insight: EMP Makes First Public Display of Sustainable Shipping Technologies & Concepts

EMP is developing its sustainable shipping technologies based on the use of wind and solar power.

28 Apr 2014

OW Bunker Arrests VLCC Over $2.28M Bunker Debt

Indian authorities arrested the ship, owned by a German ship management firm.

28 Apr 2014

Vessels Value Red Report: Vessel Price Analaysis

Using a simple yet intuitive proprietary momentum index, we show you changes in vessels' relative price momentum.

25 Apr 2014

Fredrikson to Create Largest U.S.-Listed Capesize Company with 34 Eco-Ships

The fleet's eco-design capsize tankers have break-even rates below $15,000 per day.

25 Apr 2014

Euronav Results Up on Higher Charter Rates

The improvement came despite extra costs connected to the acquisition of Maersk Tankers VLCCs.

25 Apr 2014

Crude Up on Political Unrest

Brent gained $1.12/bbl settling at $110.33 while WTI stepped up $0.50/bbl, ending the day at $101.94/bbl.

24 Apr 2014

Weekly Vessel Scrapping Report: 2014 Week 17

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from April 16th - 23rd 2014.

24 Apr 2014

Robin Meech Appointed IBIA Vice-Chairman

He replaces Jens Maul Jorgensen who became IBIA chairman on April 1, 2014.

24 Apr 2014

Wärtsilä Touts Ship Power Performance

Orders for offshore, dual-fuel equipment partially offset a downturn in the company's power generation division.

24 Apr 2014

WTI Drops as U.S. Crude Inventory Hits All-Time High

U.S. crude daily production also rose to a 26 year high adding to the pressure of WTI throughout the day.

23 Apr 2014