All News

Low Bunker Prices Mean "Clear Cost Savings" from Increasing Vessel Speed

The finding by Drewry is counter to the conventional wisdom that slow steaming is more cost effective.

9 Feb 2016

WTI Back Under $30 as Crude Futures Continue to Slide

Both Brent and WTI contracts softened nearly 4% as the realization of a Venezuelan/OPEC deal faded off.

8 Feb 2016

Chairman of MSAR Emulsion Bunker Firm Quadrise to Step Down

Mike Kirk will succeed Ian Williams as Executive Chairman, effective April 1, 2016.

8 Feb 2016

P&I Limbo Risks Highlighted as Glencore Loads Iranian Fuel Oil

Insurers are struggling to determine the parameters of the sanctions still in place against Iran.

8 Feb 2016

New Malaysian Player to Enter the Bunker Business

The KL-listed industrial concern is to sell a 12.5% stake to raise funds for the venture.

8 Feb 2016

Parker Kittiwake Reports Significant Order for New Cat Fine Test Kit

Norbulk Shipping to outfit 70 Vessels with Parker Kittiwake's Cat Fines Test Kit

8 Feb 2016

Industry Insight: Are Physical Suppliers Really Safer to Deal With than Traders?

Some buyers say they believe refraining from using traders, and only using physical suppliers, will avoid a so-called "double payment" problem.

8 Feb 2016

VPS and Intertanko Concerned Over Impact on Bunker Quality from Proposed Changes to ISO 8217

VPS says proposed changes to the ISO 8217 standard may undermine shipping industry efforts toward fuel quality improvements.

5 Feb 2016

Bunker Jobs: OceanConnect Marine Seeking a Singapore Based Credit Manager

The credit manager position is based in its Singapore office.

5 Feb 2016

Diana Shipping Buys Bulkers at "Distressed" Prices

The Greece-based dry bulk shipping company says it has purchased the three Panamax dry bulk vessels at a collective price of $39.8 million.

5 Feb 2016

Sonker Bunkers Lands $341 Million Development Loan

The funds will be used construct and operate a new bulk-liquids terminal in the port of Ain Sokhna.

5 Feb 2016

Hanjin Narrows 2015 Dry Bulk Losses by Almost 40%

The improvement comes despite the sector experiencing what has been called the "worst crisis in living memory."

5 Feb 2016

Critics Irate Over Obama's Proposed $10 Per Barrel Oil Tax

They predict the proposal will die a quick death in the Republican-controlled Congress.

5 Feb 2016

Aqualis Offshore Lands Study Contract for TOTE LNG Bunker barge

Aqualis contracts with South Korean LNG bunker vessel manufacturer.

5 Feb 2016

HHI SCR Unit Provides "Dramatic" NOx Reductions

Hyundai Heavy Industries says it's system "can run on heavy fuel oil that costs half as much as marine gas oil."

5 Feb 2016

DNV GL and Russian Register Aim to Cooperate on Standards for Gas Fuelled Ships

Meeting to sign a cooperation agreement, DNV GL and RS discussed their intent to work together to improve standards for safety of gas-fuelled vessels.

5 Feb 2016

Analysts Say Nyet to Russia Influencing OPEC Policy

The Saudis are the undisputed leaders and are more focused on Iran.

5 Feb 2016

Crude Futures Down After a Trading Day of Heavy Volatility

Oil prices were up sharp early in the day on the continual speculation that OPEC members were willing to talk about production cuts.

4 Feb 2016

Weekly Vessel Scrapping Report: 2016 Week 5

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from January 28 – February 3, 2016.

4 Feb 2016

Another Historic Day for Dry Bulk as Baltic Dry Index Falls to 298

Average spot TC rates fell to $2,743 per day for Capesize bulkers, and $2,837 per day for supramax ships.

4 Feb 2016