All News

FinCo Acquires Dutch Bunkering Business from Gulf Oil

FinCo says it has finalised a deal with ENVIEM for the acquisition of the Gulf Oil's wholesale fuels activities in the Netherlands.

1 Apr 2016

PetroChina Singapore Acquires Port Klang Storage with Intentions of Developing Bunkering Outlet

Market sources say PetroChina has likely leased all 220,000 cbm of available capacity that the Port Klang facility has to offer.

1 Apr 2016

LNG Bunkers Remain Distant Reality for Australia

Despite predictions that Australia will become one of the world's top exporters of LNG by 2020, LNG bunkering in the country is said to be "still a way off."

1 Apr 2016

Singapore's Mercator Lines' Sells Another Bulk Vessel

Yit Chee Wah, the company's judicial manager announced Thursday that the 73,652 DWT bulk carrier Kalpana Prem has been sold for $2,933,801.65.

1 Apr 2016

"Fragile Five" OPEC Producers Facing Economic Collapse: RBC Capital Markets

Unless oil markets recover soon, RBC says these countries will succumb to social and political problems, leading to an oil-supply shock.

1 Apr 2016

ETI Issues Call for Partner on 8% Bunker Savings Project

"This project will aim to develop and demonstrate a commercially viable solution," says ETI.

1 Apr 2016

Carnival: Bunker Consumption Up 4%, Bunker Bill Down 41%, Bunker Hedging Loss Up 40%

The lower bunker prices also meant a bigger loss from bunker hedging.

1 Apr 2016

TS Taipei Debunkering Efforts Continue Amid Fears the Ship May Capsize, More Bunkers to Spill

The TS Taipei grounded off Shimen, Taiwan in March, causing a large bunker spill after the vessel fractured in the middle.

1 Apr 2016

OW Bunker Fallout in Singapore is Bad News for Ship Owners: Shook Lin & Bok

The Singapore High Court believes interpleader relief for ship owners is "inappropriate."

1 Apr 2016

Modest Gains for Crude as Month End Contracts Expire

However the market remains oversupplied and the market remains skeptical that prices will continue to rise in the near term.

31 Mar 2016

Weekly Vessel Scrapping Report: 2016 Week 12

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from March 25 – March 30, 2016.

31 Mar 2016

Vopak Finalises UK Terminals Sale

The sale includes the Vopak Terminal London, Vopak Terminal Teesside, and Vopak Terminal Windmill.

31 Mar 2016

Quadrise: Economics of MSAR Emulsion Bunkers Still "Remain Sound" Despite Low Oil Price

The "Quadrise value-add" stems from the price differential between HFO and distillate fuels, the company says.

31 Mar 2016

MES Delivers Newbuild Eco Bulk Carrier

The Marshall Islands-flagged vessel is said to have a Mitsui-Man B&W Diesel Engine 6S50ME-B9.3

31 Mar 2016

Imbari Installs Scrubber on Bulk Carrier

The scrubber is said to have been installed on the vessel in support of a joint research project with Class NK, analysing a scrubber installation on a newbuild.

31 Mar 2016

Crowley Reach Engine "Milestone" for LNG-Powered Newbuild

The first of Crowley's two newbuild ConRo vessels, El Coquí, has received the installation of its MAN Diesel & Turbo 8S70ME-C8.2-GI LNG engine.

31 Mar 2016

Suez Canal Authority Fires Back at Reports Saying Vessels are Making Money Saving Diversions Via Cape of Good Hope

The number of transiting vessels the canal is said to have increased, with the canal earning $401.4 million in February 2016, a 5.1% year on year increase.

31 Mar 2016

Carriers Stick with Slow Steaming as Rock Bottom Rates Outweigh Gains from Sharp Fall in Bunker Costs

The cost of speeding up is still more expensive than chartering an extra vessel, says Alphaliner.

31 Mar 2016

Despite Willingness To Consider Freeze, OPEC Output is Rising

Iran and Iraq lead the charge in a total OPEC March output of $32.47 million bpd.

31 Mar 2016

Crude Down After EIA Report

The talk of an OPEC freeze received a dowsing of cold water out of the Middle East and by the end of the session crude had come back down to settle flat.

30 Mar 2016