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Swedish Club Advises on Ways to Reduce Risks When Using Intermediaries to Buy Bunkers

The Club recommends charters and owners take specific steps to mitigate the chance of competing claims.

Crude Futures Finish Relatively Flat After a Day of Heavy Volatility

We urge bunker buyers to take advantage of the current market to help alleviate some of the pressures they face in the freight markets.

Tanker Rates to Decline Next Year On Fleet Expansion, Floating Storage Demand

Analysts at Drewry see tanker rates coming under pressure in 2016 as newbuilds are delivered and floating storage becomes less abundant.

Detained Bulker Could Get Trapped by Ice on Great Lakes

The vessel, which was detained as part of a pollution investigation by the U.S. Coast Guard is said to have been at anchor since its arrest on November 5.

APT Takes Delivery of First of Five Fuel Efficient LNG-Ready ECO Tankers

General Dynamics NASSCO says the tankers are "33 percent more fuel efficient" than the previous tankers built for APT by the company.

Class NK Opens Centre to Support Big Data for the Maritime Industry

ClassNK says the Ship Data Center in Tokyo, Japan will serve as an information hub, independently managing big data utilisation in the maritime industry.

Container Vessel Sees 30% Diesel Fuel Savings with Nanotech Coatings

The coating is noted to reduce daily diesel fuel use by 360 liters per 24 hours, likewise reducing operators' costs, vessel pollution, and carbon emissions.

Construction of Shell's "Innovative" LNG Bunker Vessel Underway

Shell notes that Containerships is set to become the first customer of the specialised LNG bunker vessel upon its mid-2017 launch.

Singapore, O3 Alliance Figure Prominently in CMA CGM's NOL Acquisition Plans

CMA CGM wants APL to join the O3 Alliance and a Singapore regional head office to be opened under the deal.

Crude Futures Slide to Near 7-Year Lows

It's difficult to predict if we have bottomed as western sanctions on Iran are now dead ahead on the horizon and closing.

NOL Confirms $2.4 Billion Cash Offer from CMA CGA

CMA CGM says the acquisition will "cement its position among the global leaders in the container shipping industry."

OPEC Vienna Conference Ends With No Production Ceiling Ratified

Observers laugh at OPEC general secretary's remark that his organization is as strong as ever.

Tanker Backlog Building at Venezuela Ports

A dozen and a half tankers are anchored in and around Venezuela, as the country is reportedly struggling with payment for delivery of cargos.

Update: NOL Suspends Share Trading "Pending Announcement", Sources Say CMA CGM to Make $2.4B Cash Offer

Sources say CMA CGM plans to offer approximately S$1.30 ($0.93) per share in cash for NOL.

Asia To Northern Europe Box Rates Fall Over 50%

Asia to Northern Europe rates are down significantly, following an 88% jump the previous week.

Tanker Rates Climb to Seven-Year High

The high demand is said to have caused delays in unloading due to lack of space in on-land storage tanks.

Iran's Impending Oil Export Boost No Longer a Problem: Nigeria

Nigeria's junior minister Emmanuel Kachikwu contradicts earlier statements he made about Iran's return to the market.

Lower Newbuilding Prices Failing To Entice Dry Bulk Buyers: BIMCO

Despite the lowest newbuilding prices for dry bulk ships since 2003, BIMCO says owners are holding off expanding their fleets.

Authorities: No Bunker Leaks After Vessel Sinks Off Fiji

Authorities say that calculations suggest that about 3,000 litres of light diesel fuel could remain in the M/V Suilven's tanks.

ABB to Provide Tech to Power "Futuristic" Norwegian Hybrid Ferry

The diesel and electric hybrid vessel has been called "one of the most innovative ship designs ever seen on the Norwegian fjords."

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