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Weekly Vessel Scrapping Report: 2016 Week 6

Weekly Vessel Scrapping Report: 2016 Week 6

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from February 4 – February 10, 2016.

Singapore-Registered Vessel Safmarine Kuramo Released After Hijacking

A Nigerian Navy operation freed the crew of the box ship within a day.

Mercator Sells Singapore-Based Dry Bulk Carrier Subsidiary for Three Dollars

Three buyers, unrelated to Mercator, each paid SGD 1 ($0.72) under the deal.

Crude Futures End the Day Mixed After Heavy Volatility

Bunker prices were swinging in both directions in the primary ports, but overall the markets were still silent due to the closures in the Far East.

Mega-Boxship De-Bunkered, Re-Floated After Grounding

The 19,100 teu box ship has been re-floated after a second attempt afer running aground on the Elbe river.

Gard Alert on Revised Nigerian "Letter of Comfort"

Latest letter from Nigerian National Petroleum Corporation regarding banned tankers still vague.

EC and IMO to Cooperate on Reducing Shipping Emissions

IMO Secretary-General Kitack Lim is said to have met with European Transport Commissioner Violeta Bulc on Tuesday in Brussels.

Hempel Antifouling Coating Delivers Fuel Savings for Lemissoler

Hempel's Dynamic antifouling product is said to have provided Lemissoler Navigation with "significant" fuel savings on four newbuild bulk carriers.

Paris Climate Target "Impossible" Without Shipping Emissions Reductions, Say NGOs

Seas At Risk and T&E say the global warming limit agreed to during COP 21 won't be met without IMO and EU shipping emission reduction measures.

Bunker Holding to Build Danish LNG Bunker Facility

"LNG is part of the future and it is important for us to be at the forefront," says Peter Zachariassen, Head of Physical at Bunker Holding.

Vitol CEO: Crude Prices in a $40 to $60/bbl Band for Next Decade

Ian Taylor adds that he believes prices will rebound in the second half of 2016, reaching $45 to $50 per barrel.

Crude Futures Continue to Fall After Flat Start to the Day

We highly advise bunker purchasers to lock in their prices and take advantage of the current market state.

New Dubai-Based Bunker Trader for Dan-Bunkering

Adil Qayyum holds an MSc in banking and finance.

Western Bulk Completes Sale of its Chartering Business, But Survival in Question

Western Bulk says it has received the first cash payment of USD $10 million from Kristefos Equity Operations AS.

20|20 Marine Energy: Cheap Oil and Bunkers Have Caused a State of "Flux" Within the Shipping Industry

The consultancy says the low prices are causing ship owners indecision and increasing risk in the marine fuel supply chain.

New Athens-Based Senior Bunker & Lubricant Trader for KPI Bridge Oil

Dimitrios Bouzoukis was said to have over seven years experience of marine fuels and lubricants trading.

Report: Shore Power Utility Electricity Revenues in Port Operations to Total $1.6 Billion Between 2015 and 2024

Navigant Research says a new report examines expected global port operations revenues from shore power utility electricity.

Rotterdam ULSFO Bunker Sales Expected to Hit Almost 1 Million MT in 2016

Rotterdam's sales of so-called ultra low sulfur fuel oil in 2016 are expected to be similar to 2015 levels, which saw about 800,000 to 900,000 mt sold.

Have Bunker Prices Hit Bottom? New Report Says US Shale Producers Can Prosper With Oil at Sub $30/bbl Prices

The average DeWitt County well can be profitable with U.S. benchmark crude at $22.52 a barrel.

Port of Los Angeles Responds to TraPac Environmental Audit Results Showing Lack of Shore Power Enforcement

Port of Los Angeles executive director, Gene Seroka, says the TraPac audit has shown pollution reduction targets have been met nine years ahead of schedule.

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