All News

HELCOM Agrees to Roadmap for Baltic Sea NOx ECA

The roadmap is said to include a commitment to submit a proposal to IMO for a Baltic Sea NOx ECA in parallel with a similar proposal for the North Sea.

14 Mar 2016

GAC Adds Lay-Up and Warm Stacking Services in Response to Tough Markets

"Though not good news for the market, it is an opportunity for GAC to offer a service where there previously was none," says GAC.

14 Mar 2016

AkzoNobel Launches Bunker Savings Prediction Tool for Cruise Ships

A new version of Intertrac Vision will incorporate cruise vessels, LNG version to come.

14 Mar 2016

Two Killed During Bunker Spill Mitigation Efforts After Boxship Runs Aground

The TS Taipei ran aground on Thursday, resulting in a bunker spill from a breach in one of the vessel's tanks.

14 Mar 2016

Oil Price Bottom May Have Been Reached, Production Could Slow Further: IEA

The agency says a market balance will be achieved sometime in 2017.

14 Mar 2016

Aframax Arrested in Singapore

The 1992-built tanker was arrested on March 11.

14 Mar 2016

WCI World Container Freight Rate Index Drops to Record Low

Average spot freight rates are just $701 per 40-foot container.

11 Mar 2016

ReCAAP: No Asia Tanker Hijackings for the Purpose of Oil Cargo Theft Since September 2015

The organisation says that piracy and armed robbery against ships in Asian waters continued its decline in February 2016.

11 Mar 2016

New Vietnamese Port Eyes Bunker Traffic

An inauguration ceremony was held Tuesday for Vietnam's new international seaport at Cam Ranh Bay.

11 Mar 2016

Tough Times Sees Dry Bulk Player Sell Entire Operating Fleet

The sale of its final six bulkers is in exchange for settlement of loan obligations.

11 Mar 2016

Verifavia Approves Setel Hellas' MRV Solution

Verifavia Shipping says it has assessed Setel Hellas' solution against the requirements of the European Union's new MRV requirement.

11 Mar 2016

Vessel Shows 25% Bunker Reduction from Efficiency Retrofits

The fuel savings have been demonstrated by multiple efficiency technologies retrofitted on three vessels owned by Hammonia Reederei.

11 Mar 2016

Singapore: IBIA Updates Mass Flow Meter Bunkering Course for New TR48:2015 Requirements

In light of the implementation of the new TR48:2015, the IBIA says it has renamed its "Mass Flow Metering Course."

11 Mar 2016

March Oil Meeting "Unlikely" Say OPEC Sources

But one source suggests a plan may be in the works to lure Tehran to the table.

11 Mar 2016

U.S., Russia, Iraq Must Cut Production Before OPEC Takes Output Action: FGE

But the energy consultancy concedes it is unlikely that Iraq will play along.

11 Mar 2016

Singapore Operator Sues for $600,000 Over Alleged Contaminated Bunkers

Legal action has been brought against Kristensons-Petroleum, Minerva Bunkers, Buffalo Marine Services, and the barge Buffalo 90.

11 Mar 2016

Weekly Vessel Scrapping Report: 2016 Week 9

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from March 3 – March 9, 2016.

10 Mar 2016

Oil Markets are "Going to be Volatile for Sure" as OPEC/Non-OPEC Meeting Approaches

Wood Mackenzie thinks 2016 average prices will be lower than 2015 and then recover in 2017.

10 Mar 2016

DryShips Posts Single Worst Annual Performance by a Public Shipping Company: Report

Dry bulker DryShips reports Q4 financials and stops paying principal on bank debt.

10 Mar 2016

Drewry Warns Mega Ships Could Diminish Economies of Scale

Drewry suggests that it is possible that the "container megaship new-build arms race will not deliver hoped-for cost benefits."

10 Mar 2016