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Bunker Prices Soften as Crude Prices Slide on Surging U.S. Production
WTI fell $1.84 to settle at $105.39/bbl and Brent slipped $1.23 to settle at $107.19/bbl.
24 Jul 2013
Euronav: No Need for New Eco-Ships in Crude Market
Reporting deeper losses in 1H 2013, the tanker company says the market must reduce oversupply.
24 Jul 2013
Los Angeles Bunker Volumes Drop 37%
Sources site competition from Russia's Far East, slow steaming, and lack of competition at the U.S. port.
24 Jul 2013
Inside Opinion: Answer on a Postcard
Inside Opinion: Answer on a Postcard
If a global financial near-meltdown barely made a metaphorical dent on the the cruise industry, can anything stop its growth?
23 Jul 2013
Crude Up on News that China Will Grow by at Least 7%
WTI settled at up $0.29/bbl at $107.23 and Brent finished up $0.27/bll at $108.42.
23 Jul 2013
Shipowners Eager to Find Fuel Saving Opportunities
MAN Diesel says interest has been high for studies on "reoptimising" ships.
23 Jul 2013
Port Performance Data Could Help Reduce Fuel Costs, Absorb Excess Capacity
Measuring how quickly ships are loaded and unloaded supports slow steaming and efficient trade, developer says.
23 Jul 2013
Crude Markets Mixed on Concerns Over U.S. Economy
WTI for August delivery fell $1.14 to $106.91/bbl, while Brent settled at $108.15/bbl.
22 Jul 2013
Wärtsilä Says Newbuild Prices, Fuel-Efficiency Helped Attract Orders
The company posted mixed Q2 results with ship orders depressed.
22 Jul 2013
Judge Allows TMT Bankruptcy to Move Forward in U.S.
U.S. District Judge Marvin Isgur dismissed creditors' claims that the company filed the case in bad faith.
22 Jul 2013
Dubai Seeks Tech Ideas in Singapore
The UAE emirate wants to take a "leadership position" in the maritime industry.
19 Jul 2013
LNG Freight Index "Stubbornly Unchanged"
Delays and conflicts in Africa and Australia are affecting vessel charters, Drewry says.
19 Jul 2013
Brent-WTI Spread Narrows to Below $1 for the First Time Since 2010
WTI rose $2.04 settling at $108.04/BBL while Brent increased $0.56 settling at $108.70/BBL.
18 Jul 2013
Tricks of the Bunker Trade: Understanding the Fuel Temperature & Volume Relationship
Tricks of the Bunker Trade: Understanding the Fuel Temperature & Volume Relationship
The barge will often try to under-declare the temperature during the opening gauge and over- declare during the closing.
18 Jul 2013
Crude Markets Rise After Larger Than Expected Draw on Crude Stockpiles
EIA's weekly Inventory Report showed a drop of 6.9 million barrels in crude supplies last week.
17 Jul 2013
Petrobras Gets $1.5 billion Japanese Loan
The Brazilian oil company will use the funds to buy services from Japanese companies.
17 Jul 2013
Dan-Bunkering Dubai Office Opens
"We expect further recruitments to take place," says office managing director.
17 Jul 2013
Oil Markets Mixed as API Report Shows Drop of 2.6M Barrels
WTI fell $0.32 to settle at $106.00/bbl, while Brent for August settlement gained $0.31 to expire at $109.40/bbl.
16 Jul 2013
VLCC Bookings Hit Six Year-High
Saudi Arabia-Japan route rates quadrupled to $24,939 with refinery activity poised to increase.
16 Jul 2013
Star Bulk Orders Four Fuel-Saving Ships
The company ordered two ships from China and two from Japan for a total of $151 million.
15 Jul 2013
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