World News

Press Release: Registration Now Open for GreenTech 2014

Green Marine's seventh annual conference is being held June 10th to 12th in Saint John, New Brunswick.

7 Apr 2014

Maersk Line Depends on "Natural Hedge" on Fuel Costs

CEO Søren Skou said the only effective response to price volatility is reducing consumption.

7 Apr 2014

$15 billion in Scrubber Sales Predicted by 2025

Robin Meech says that scrubbers are generally "the cheapest method to comply for existing ships less than 15 years old."

7 Apr 2014

Chemoil Adani Expands Supply to Ports in Southern Africa

The supplier says it will be supplying both IFO 180cSt RME and MGO DMA to ISO 8217 standard.

4 Apr 2014

Seaspan Exercises Option for Four More SAVER-Design Ships

The vessels will be delivered in 2016 for long-term time charter to a major container line.

4 Apr 2014

Oil Prices Up as Libyan Production Lowers

Bunker prices are moving up with higher resupply costs for suppliers.

3 Apr 2014

Weekly Vessel Scrapping Report: 2014 Week 14

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from March 27th to April 2nd 2014.

3 Apr 2014

WTI Continues to Fall on Wednesday

WTI had slipped $0.12/bbl, settling at $99.62/bbl. Brent fell $0.83/bbl, finishing the day at $104.79.

2 Apr 2014

LR: LNG Bunkers for Deep-Sea Trade Could Be Close

Such a ship would not necessarily run on LNG immediately, says Nick Brown of Lloyd's Register.

2 Apr 2014

Wärtsilä Gets Scrubber Order for Newbuilds And Retrofits

The firm is working with HHI to provide the emissions-reduction systems for several owners.

2 Apr 2014

Crude Down on Inventory Expectations

WTI was down $1.84/bbl to $99.74, while Brent fell $2.14/bbl to $105.62/bbl.

1 Apr 2014

IBIA: We Need to Get to Grips with Off-spec Bunkers

Jens Maul Jørgensen, who was today appointed Chairman for 2014/15, says only collaboration is going to bring an improvement to the situation.

1 Apr 2014

Press Release: Singapore to Host Pioneering LNG Marine Fuel Gathering

On the afternoon of April 7 an exclusive group of shipping industry executives will discuss and learn from those who have pioneered LNG bunkers.

1 Apr 2014

Shipping Industry Confidence at Highest Point Since 2008

Fuel prices decline as a concern for respondents to the quarterly Moore Stephens survey.

1 Apr 2014

Fuel Costs Push LNG Bunker Development

Predicted steady gas prices are promoting the use of LNG in a variety of shipping sectors.

1 Apr 2014

Bunker Firm CEO: Consolidation on the Rise

"Only a few of the big names in the industry with deep pockets will remain in service"

1 Apr 2014

Oil Markets Start the Week Stable

WTI was down $0.09 bbl and Brent down $0.31 bbl.

31 Mar 2014

OW Bunker: 1% Sulfur Bunkers May Be Unobtainable in H2 2014

Adrian Tolson says 1% sulfur bunkers will be obsolete in 2015, as "nobody wants the product and nobody wants to deal with it."

31 Mar 2014

Financial Risk for Container Shipping "Highest in Years"

Economic sluggishness, move toward mega-ships especially challenging for smaller players.

31 Mar 2014

ICC Warns of False Oil Fraud Claims

A case involving a trade between Russian and the Arabian Gulf suggests the scam could be spreading.

31 Mar 2014