World News

Three LNG Package Orders for German Firm

TGE Marine wants to be "one of the leading contractors" for medium to large LNG fuel gas packages.

15 Apr 2014

UN Calls for "Massive Shift" to Renewable Energy

Natural gas is seen as a key bridge away from oil to renewable energy.

15 Apr 2014

Brent Up on Ukraine - Russia Tensions

If Western powers implement sanctions against Russia we can expect that to cause Brent to spike.

14 Apr 2014

ISTFIX Black Sea & Mediterranean Freight Index Report: 2014 Week 15

After a bearish week, freight rates gathered steam and edged higher again as brokers predicted.

14 Apr 2014

Kasbar to Replace Stebbins as World Fuel Services Chairman

Paul Stebbins has held the position since 2002 and has been a company executive since 1995.

14 Apr 2014

Weekly Vessel Scrapping Report: 2014 Week 15

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from April 3rd - 9th 2014.

11 Apr 2014

Optimisation Software Saves 3.9% on Fuel Use

"Payback on investment realized within months" based on K Line test, Napa executive says.

11 Apr 2014

New Asian Gasoil Availability by Early 2015

The fuel, from new and upgraded refineries, may help shippers choosing MGO for ECA compliance.

11 Apr 2014

Brent, WTI Spread Continues to Narrow

Not unreasonable to think Bunker prices will decline after the Easter holiday.

10 Apr 2014

Industry Insight: Cold Corrosion - What is it, and What's the Best Way to Deal With it?

Parker Kittiwake explains why frequent condition monitoring is the most effective measure in combatting the recent cold corrosion phenomenon.

10 Apr 2014

DNV GL Promises New Way to Isolate Ships' Energy Waste

The measurement and modelling system determines the maximum useful energy available from various ship processes.

10 Apr 2014

Brent WTI Spread Reaches its Narrowest Since September

Needless to say bunker prices are increasing worldwide - expect this trend to continue till the Easter holiday.

9 Apr 2014

Maersk Line Retrofitted 137 Ships in 2013 For Fuel Efficiency

Bundles of changes produce 15 to 20 percent efficiency gains, with one- to two-year payback.

9 Apr 2014

Maersk Line: Business Up, Emissions Down in 2013

The reduction in pollution was due largely to an overhaul of the carrier's network.

9 Apr 2014

Crude Benchmarks Take a Leap

WTI gained $2.12/bbl settling at $102.56/bbl while Brent gained $1.85/bbl, ending the day at $107.67/bbl.

8 Apr 2014

Intertek: Regulation Changes Lead to Off Spec Bunkers

According to Intertek's data, bunker quality also got increasingly worse over the course of 2013.

8 Apr 2014

BMS Bunkers Launches First of its Kind Bunkering App

"It is a fully interactive application that allows you to send marine fuel enquiries anytime, anywhere you are, to any trader worldwide", says BMS Bunkers.

8 Apr 2014

LR Port Survey: 24% of Bunkers will be LNG by 2025

The ports, mostly in ECAs, were part of a Lloyd's Register survey on LNG infrastructure.

8 Apr 2014

New ISO 8217 Spec Due for Publication by 2016

ISO 8217 revision will be the first since 2012, adding new standards on biodiesel, other matters.

8 Apr 2014

Bunker Prices Soft as Brent and WTI Decline

It is widely expected that exports will once again return to normal from Libya in the coming months.

7 Apr 2014