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Analysts Cite Geopolitics As a Major Factor for Crude as Doubt over OPEC Extensions Causes More Market Losses
Analysts Cite Geopolitics As a Major Factor for Crude as Doubt over OPEC Extensions Causes More Market Losses
Any geopolitical risk is intensified due to lower stockpiles, they say.
16 Nov 2017
Weekly Vessel Scrapping Report: 2017 Week 44
Weekly Vessel Scrapping Report: 2017 Week 44
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from November 9 – November 15, 2017.
16 Nov 2017
Gas-Fuelled Version of Wärtsilä 31 Engine Launched
Gas-Fuelled Version of Wärtsilä 31 Engine Launched
The 31SG is said to offer simple-cycle efficiency levels in excess of 50 percent, compared to about 40 percent with modern gas turbines.
16 Nov 2017
Hydrex Says New Propellers Cleaning Method Gleans Maximum Propulsion Efficiency
Hydrex Says New Propellers Cleaning Method Gleans Maximum Propulsion Efficiency
Hydrex says an experiment using the technique carried out on a cruise ship showed a 5 percent fuel savings compared to operation with rough propellers.
16 Nov 2017
Peninsula Expands Houston Bunker Operations with New Storage Agreement
Peninsula Expands Houston Bunker Operations with New Storage Agreement
Move is the latest step in converting its remaining light physical operations into a full physical model in the Americas, says Peninsula.
16 Nov 2017
Bonded Bunker Sales in Japan Rise 8% Month-On-Month
Bonded Bunker Sales in Japan Rise 8% Month-On-Month
On seasonal factors
16 Nov 2017
Bunker Holding's Bunker One to Streamline Services to Top Tier Clients
Bunker Holding's Bunker One to Streamline Services to Top Tier Clients
New company based in London and Singapore, BH tells Ship & Bunker.
16 Nov 2017
Bunker Industry Must Ensure Supply of High Sulfur Fuel Oil Bunkers Continues Beyond 2020: IMO
Bunker Industry Must Ensure Supply of High Sulfur Fuel Oil Bunkers Continues Beyond 2020: IMO
Writing for Ship & Bunker earlier this week, NSI's Paul Hardy suggested limited demand could make keeping barges as designated HSFO tricky.
16 Nov 2017
Petrobras CEO Forecasts $55-$65/bbl Oil And Says Brazil Could Be On The "Winner's Side" Of A Tough Market
Petrobras CEO Forecasts $55-$65/bbl Oil And Says Brazil Could Be On The "Winner's Side" Of A Tough Market
RJO Futures, on the other hand, sees oil range bound at $50-$55.
16 Nov 2017
Singapore's New Concurrent Bunkering Service Saving Tankers Time and Money: BW Group
Singapore's New Concurrent Bunkering Service Saving Tankers Time and Money: BW Group
"Whether more terminals will jump on this bandwagon in allowing more tankers to bunker at terminals, only time will tell," Sean Warr, Bunker procurement, BW Group, tells Ship & Bunker.
16 Nov 2017
Lack of Clear Plan For Oil Deal Extension Turns Talk of Consensus to Uncertainty
Lack of Clear Plan For Oil Deal Extension Turns Talk of Consensus to Uncertainty
Russia is also sending mixed signals about its commitment to the deal.
16 Nov 2017
There Will Be No Delay to January 1, 2020 Start Date for New 0.50% Global Sulfur Cap: IMO
There Will Be No Delay to January 1, 2020 Start Date for New 0.50% Global Sulfur Cap: IMO
Some industry participants believe that, like the recent two-year extension for compliance with the Ballast Water Management Convention, a delay to IMO 2020 is possible.
16 Nov 2017
November In-Depth Oil Price Outlook: Beware the Dip, Oil Prices Could Go Lower Without an Actual Geopolitical Disruption
November In-Depth Oil Price Outlook: Beware the Dip, Oil Prices Could Go Lower Without an Actual Geopolitical Disruption
But in the case of a shortage, an oil price spike over $100/B would not be surprising, Paul Kuklinski, Boston Energy Research, writes for Ship & Bunker.
15 Nov 2017
Aegean Posts Q3 Loss of $3.8 Million as Marine Fuel Sector Remains "Under Great Pressure with Intense Competition"
Aegean Posts Q3 Loss of $3.8 Million as Marine Fuel Sector Remains "Under Great Pressure with Intense Competition"
But Aegean says it has now achieved annualized cost savings of $24 million, exceeding its previously stated goal of $20 million.
15 Nov 2017
Vessel Hailed as World's First Battery-Powered, Fully Electric Cargo Ship Launched in China
Vessel Hailed as World's First Battery-Powered, Fully Electric Cargo Ship Launched in China
The 2,000 tonne ship, which is a zero-emission vessel in itself, is set to transport coal for the generation of electric power.
15 Nov 2017
ABB Looks to Digital Integration to Optimise Bunker-Saving Vessel and Fleet Management
ABB Looks to Digital Integration to Optimise Bunker-Saving Vessel and Fleet Management
ABB says electric propulsion is set to become an imperative for the maritime industry rather than an alternative.
15 Nov 2017
Stem Limits in Place at Taiwan's Port Suao
Stem Limits in Place at Taiwan's Port Suao
CPC's bunker barge is in maintenance.
15 Nov 2017
LNG Bunker Fuel to Get Boost from CMA CGM Move
LNG Bunker Fuel to Get Boost from CMA CGM Move
LNG-fuelled box ships cost extra to build, says Wartsila executive
15 Nov 2017
What Is the Role of the Bunker Broker in the Internet Age?
What Is the Role of the Bunker Broker in the Internet Age?
"The challenge today is no longer a lack of information but rather sorting the signal from the noise," Oil Front's Danny Soos writes for Ship & Bunker.
15 Nov 2017
US Shale Predicted to Be Global Crude Production Leader as OPEC Ups Oil Cutback Rhetoric
US Shale Predicted to Be Global Crude Production Leader as OPEC Ups Oil Cutback Rhetoric
The IEA believes the U.S. will achieve world dominance by 2025.
14 Nov 2017
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