World News

New Risks Seen from LNG Bunkers

Insurer also warns of potential damage from mega-ships, Arctic voyages.

13 Mar 2014

Government Policies Key to Fuel Shifts

Total bunker demand will approximately double by 2030, with HFO potentially dropping below 50%.

13 Mar 2014

Weekly Vessel Scrapping Report: 2014 Week 11

Stemmed a scrapped vessel recently? VesselsValue.com lists the demolition sales from March 6th to 12th 2014.

13 Mar 2014

WTI Drops Below $100/bbl as US Crude Stockpiles Climb

WTI dropped $2.04/bbl, settling at $97.99, while Brent slipped $0.53/bbl, finishing at $108.02.

12 Mar 2014

Clarksons: Tentative Signs of Market Recovery

Bunker costs are driving new orders as owners seek fuel-efficient tonnage.

12 Mar 2014

LNG Tanker Earnings Drop

Orders of 119 carriers since 2011 will swell the global fleet by 30 percent.

12 Mar 2014

DNV GL: Eco-Ships Have "Become the Norm"

DNV GL executive says retrofits to reduce fuel use are a "hot topic," particularly for container ships.

12 Mar 2014

Tool Promises Reduction of Energy for Cruise Hotel Services

The system, from RINA, could reduce energy spent on these services by 10 percent.

12 Mar 2014

Bunker Prices Stable as WTI, Brent Head in Opposite Directions

WTI was down $1.09/bbl, settling at $100.03 while Brent gained $0.47/bbl, finishing at $108.55.

11 Mar 2014

Orient Overseas Profits Drop 84% in 2013

The company predicts greater efficiency from "Mega" ships ordered this year, despite global oversupply.

11 Mar 2014

Crude Benchmarks Dip on China Economic News

WTI was down $1.46/bbl settling at $101.12/bbl while Brent fell $0.92/bbl to $108.08/bbl.

10 Mar 2014

UASC Exercises Final LNG-Ready Mega-Ship Option

The 18,000 TEU vessel brings the total order to 17 ships at a cost of almost $2 billion.

10 Mar 2014

Ferry Operator Says Bunker Costs Will "Substantially Increase" in 2015

Irish Continental says the extra costs will "have to be borne by the end customers" and warns of future bunker surcharges.

10 Mar 2014

Creditor Again Offers Titan Loan

GZE has agreed to provide an unsecured loan of as much as $8 million as Titan continues its restructuring efforts.

10 Mar 2014

DNV GL Maps Arctic Hazards

The class society argues development in the region should proceed slowly, starting in ice-free sections.

7 Mar 2014

Inside Opinion: Flow Meters, and Mass Consolidation in Singapore

Could the impending flow meter regulations for Singapore cause mass consolidation?

7 Mar 2014

Australian Sugar Producer Seeks Navy Biofuels Deals

The U.S. Navy's willingness to pay a premium for biofuels could help make the project viable.

7 Mar 2014

Titan Creditor Calls in Loan

GZE, which had suspended debt collection efforts, is seeking repayment of $12.8 million.

7 Mar 2014

Crude Benchmarks Firm

WTI settled at $101.56, gaining $0.11/bbl while Brent finished the day at $108.10, increasing $0.34/bbl.

6 Mar 2014

Endofa Expands into Europe

The Houston based bunker supplier and trader has partnered with French Bunker Brokers VP Bunkers.

6 Mar 2014