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2016 Dry Bulk Rates Will be Lower than Last Year, Says Drewry, as Baltic Dry Index Continues to Slide

The Baltic Dry Index fell for the fifth consecutive session Thursday, shedding 10 points to land at 642.

Clean Up Efforts Underway Following Singapore Fuel Oil Spill

While the spill is said to have been successfully controlled as soon as possible, the incident is reported to have resulted sales being hampered at the location.

Another Bunker Saving Hybrid Ferry Ready to Enter Service

The vessel is also fitted with four scrubbers.

DNV GL Fuel Saving Performance Management System Deployed Across Leonhardt & Blumberg's Entire Fleet

ECO Insight is now being used on all of the German shipping company's 40 container vessels.

MPA to Fund Drone Technology to Help Tackle Bunker Spills

Move comes as part of wider environmental goals that also include the development of technologies to support ballast water management efforts.

Oil Markets Move Higher

Early in the day WTI and Brent reached their peak surging more than 5%, but a strong dollar capped gains.

Weekly Vessel Scrapping Report: 2016 Week 17

Weekly Vessel Scrapping Report: 2016 Week 17

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from April 27 – May 4, 2016.

Negotiations Completed for $892 Million Petrobras Argentina Sale

Petrobras' assets in Argentina include the 30,500 bpd Dr. Ricardo Eliçabe refinery that supplies product for the marine markets.

New Jensen Maritime Design Features "Some of the First Tier IV Engines"

The tug also ditches traditional ballast water tanks in favour of a bunker-based solution.

Bureau Veritas' Marine Services Offerings "Reinforced" with TMC Marine Acquisition

TMC Marine is an international consultancy that provides pre and post casualty advice and support to the marine industry.

Alliance Orphans Could Combine to Represent a Serious Counterweight to 2M, Ocean Alliance: Alphaliner

Existing box shipping alliances are currently in flux.

New ECO Tanker "Symbolises the Emerging Direction of the U.S. Shipping Industry"

General Dynamics NASSCO says the 50,000 DWT newbuild LNG-ready product tanker, Independence, was delivered to SEA-Vista on Thursday.

Baltic Dry Index Sheds 56 Points in 4 Days, Falls to 652

Peter Sand, Chief Shipping Analyst at BIMCO, says the industry needs to work to "keep scrapping volumes up" for a meaningful market recovery.

Global Bunker Price Hits 2016 High, but Don't Worry, Analysts Say Oil Price Rally Isn't as Spectacular as it Seems

The "lower-for-longer" market approach to pricing is still very much the same as it was in the beginning of 2016.

Saudi/Iran Spat Means No Freeze Talks at OPEC June Meeting - But None Required Anyway, say Delegates

The delegates believe market improvements have rendered freeze talks unimportant.

Crude Mixed After Strong Start Fuelled by Alberta Wildfires

Due to the volatility the trend in bunker prices was fluid.

Italy's Port of Augusta Tight on Low Sulfur MGO: Reports

While it is unclear when the port may be resupplied, one source is said to be expecting a cargo to arrive as early as the weekend.

U.S. Port Launches Three-Way Cold Ironing System

California's Port of Hueneme has launched Phase II of its Grid-Connected Shore Power System.

New Singapore Barge for LUKOIL Marine Lubricants

The barge is the third and largest in the company's Singapore fleet.

Low Bunker Price Helps Maersk Save $1 Billion in Q1 2016

Average price paid for bunkers halved year-over-year.

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