All News

Crude Prices Bounce Back as Saudi-Iran Spat Puts Pressure on OPEC Oil Deal

Analysts suggest Tuesday's strong market showing may be just a bright spot before the storm.

3 Apr 2018

OPEC Achieves Record First Quarter Output Lows - But Compliance is Still Involuntary in Some Quarters

Meanwhile, Russia sends more signals that a longer term deal between the cartel and non members is possible.

3 Apr 2018

New Offices and Staff Appointments as GP Global Expands European and Asia Pacific Bunkering Operations

Move involves appointment of five senior traders alongside the establishment of a new office in Hull, UK and a new branch office in Seoul, South Korea.

3 Apr 2018

StormGeo Reminds on Bunker, Emissions Savings Potential of Weather Routing

Company says it helped tanker achieve almost $14,000 in bunker savings on a single voyage.

3 Apr 2018

Monday Oil Markets: Crude Sinks 3% with Wider Energy Sector Correction Approaching

Adding to downward pressure from recent geopolitical woes today, Bahrain makes massive oil discovery and Russian output edges up.

2 Apr 2018

Shipping Industry Unprepared for IMO2020, say Commodity Traders

There is still plenty of uncertainly over how ships will comply.

2 Apr 2018

T&E Bemoans Shipping Industry's Lack of Ambition on Proposed GHG Reduction Efforts

The green group says Shipping risks sinking the entire Paris agreement.

2 Apr 2018

Japanese Trio Eye Ship-To-Ship LNG Bunkering in Tokyo

Japan and the rest of Asia lag far behind Europe and the US in widely adopting LNG as marine fuel, says Sumitomo Corp.

2 Apr 2018

Update: Bunker Spill and Fire in Indonesian Waters

Police are investigating the cause of both the spill and the fire.

2 Apr 2018

Boosting Bunker Business Part of "Ambitious" Growth Plans for Qatar's WOQOD

Firm established ship-to-ship bunkering in June 2017.

2 Apr 2018

Quadrise Remains Upbeat on Scrubber Uptake

And in turn, the prospects for its MSAR emulsion bunker fuel.

2 Apr 2018

Galp to Offer 0.50%S Bunkers at all Portuguese Ports from Second Half of 2019

Move is in response to the upcoming IMO2020 regulation.

2 Apr 2018

IMO2020: Hapag-Lloyd Reiterates its Lack of Interest in Scrubbers

But use of LNG bunkers still under consideration.

29 Mar 2018

Q1 Crude Prices Up 7.5%, but JP Morgan Sees a Slide Back to $50/bbl

JP Morgan also doesn't think the proposed OPEC/Russia long term alliance is workable.

29 Mar 2018

More Rumours of OPEC Sticking to its Production Cuts as the Cartel Seeks "Very Long Term" Cooperation

However, enthusiastic media reports cannot conceal considerable dissent within the membership.

29 Mar 2018

NYK Set to Begin LNG-Fuelled Bulk Carrier Project

The four-year project is planned to run from next month until March 2022.

29 Mar 2018

Bulk Carrier Arrested in Singapore

The China-flagged Long Bright is valued at $11.28 million.

29 Mar 2018

Weekly Vessel Scrapping Report: 2018 Week 13

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from March 22 – March 28, 2018.

29 Mar 2018

Oil Prices Retreat by 1%

Bunker prices were softening in the primary ports.

28 Mar 2018

Genoa Signs Deal to Install Shore Power

"The project responds to the need to comply with the directives of the European Union," says contract winner Nidec Industrial Solutions.

28 Mar 2018