All News

Lower Bunker Costs Contribute to €114 Million Hapag-Lloyd Profit
Despite challenging market conditions HL managed to profit in 2015; an average bunker cost of $312 per tonne helped.
28 Mar 2016
Alphaliner: Biggest Ever Container Shipping Bankruptcy Edges Closer
Alphaliner says HMM is running out of options after the company's bondholders rejected the company's proposed debt rescheduling plan.
28 Mar 2016
Scrubber Uptake Adding to Refiners' Uncertainty Over ECA Bunker Demand
IBIA CEO Peter Hall says strong scrubber uptake "may leave refiners uncertain about investing to meet the new demands of the marine market."
28 Mar 2016
Reports: Port of L.A. Invests $5M in Shore Power Upgrades to CSCL Vessels, but Most No Longer Call at L.A.
It is reported that the port's agreement with CSCL did not stipulate how long the company's upgraded vessels must remain calling at the Port of L.A.
28 Mar 2016
OW Bunker Test Case: Wrongly Assumed Facts, Credit Periods, Cross Claims, Intent of the Original Bargain all Matters for Consideration
Appellants also say lower court decisions were distorted by having "half an eye on what they assumed the consequences might be."
28 Mar 2016
Dry Bulk "At the Bottom of the Bottom"
Moore Stephens' latest survey shows overall shipping confidence levels at historic lows.
25 Mar 2016
Singapore Players Looking to Trade LNG Bunkers
In preparation for the start of LNG bunkering in 2017 in Singapore, traders in the local market are said to be in talks with new LNG bunkering licencees.
25 Mar 2016
Operator Sees Potential for "Huge" Bunker Savings on its Larger Vessels
Bill Metcalf, VP of Strategic Engineering at Crowley Maritime, says CAT's Asset Intelligence software could be used to glean bunker savings on larger vessels.
25 Mar 2016
Maersk Line and Maersk Tankers Eye Bunker Savings with Weathernews Deal
The deal is said to include weather routing services, port forecasts, and other weather-driven risk communication services to enhance bunker-savings.
25 Mar 2016
Vessel Sinks in Indonesia After Grounding, No Reports of Spilled Bunkers
A 1980s-era cargo ship KM Bunga Melati XV has sunk in the port of Tagulandang.
25 Mar 2016
Oil Prices Difficult to Predict Due to U.S Shale Sector: IEA
IEA head says pricing analysis will be "a really interesting phenomenon over the next year or so."
25 Mar 2016
Another Bulk Carrier Arrested in Singapore
The Supramax was arrested on Thursday at 12:00pm local time.
25 Mar 2016
Weekly Vessel Scrapping Report: 2016 Week 11
Weekly Vessel Scrapping Report: 2016 Week 11
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from March 17 – March 23, 2016.
24 Mar 2016
Minerva Marine Installs Bunker Saving Vessel Monitoring Systems
BMT SMART has announced the installation of its vessel performance monitoring system on board two Minerva Marine chemical tankers.
24 Mar 2016
Antwerp Inks Deal to Make LNG Bunkers "Permanently Available" at the Port
A 30 year concession has been granted to ENGIE LNG Solutions B.V.
24 Mar 2016
Date Set for Opening of Expanded Panama Canal
The Panama Canal Authority has announced the expanded canal will open June 26.
24 Mar 2016
Morocco: Bunkering at Tanger Med Port
Morocco: Bunkering at Tanger Med Port
Tanger Med port is well positioned with a bunkering facility only 15 km from the European Union, Algeciras and Gibraltar.
24 Mar 2016
"Historic" Amount of Cancelled Investments Will Cause Oil Price Spikes in the "Not-Too-Distant" Future: IEA
The Agency says $300-billion in spending is required "just to stand still."
24 Mar 2016
IEA Joins the Legion of Freeze Output Critics, Calls the Proposal "Meaningless"
But the agency also believes that "the worst is over for [oil] prices."
24 Mar 2016
OW Bunker Test Case: ING Wants 100% of the Bunker Bill, but OW Would Have Only Got "Perhaps 1%"
Jonathan Crow QC said the suggestion that the risk of double payment does not exist "is complete nonsense."
24 Mar 2016