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Malaysian Authorities Detain Three Ships for Illegal Fuel Transfer

Malaysian authorities says an Indonesian containership was receiving fuel oil and lube oil illegally.

ISTFIX Black Sea & Mediterranean Freight Index Report: 2014 Week 17

The 17th week's first working day was the Easter Monday, thus cargo flows mildly stabilized only after mid-week.

Industry Insight: EMP Makes First Public Display of Sustainable Shipping Technologies & Concepts

Industry Insight: EMP Makes First Public Display of Sustainable Shipping Technologies & Concepts

EMP is developing its sustainable shipping technologies based on the use of wind and solar power.

OW Bunker Arrests VLCC Over $2.28M Bunker Debt

Indian authorities arrested the ship, owned by a German ship management firm.

Armed Bunker Pirates Strike Again off Malaysia

The incident occurred last week, but was not immediately reported due to damaged communications equipment.

ISTFIX Black Sea & Mediterranean Freight Index Report: 2014 Week 16

The markets were off to a good start due to pre-Holiday rush but rapidly slowed as Easter lull started.

Vessels Value Red Report: Vessel Price Analaysis

Using a simple yet intuitive proprietary momentum index, we show you changes in vessels' relative price momentum.

Fredrikson to Create Largest U.S.-Listed Capesize Company with 34 Eco-Ships

The fleet's eco-design capsize tankers have break-even rates below $15,000 per day.

Kirby: Other Ship's Speed, Recklessness Caused Houston Collision

Owner Sea Galaxy Marine claims it was not at fault and that the vessel was seaworthy and properly manned.

Euronav Results Up on Higher Charter Rates

The improvement came despite extra costs connected to the acquisition of Maersk Tankers VLCCs.

Police Suspect Malacca Strait Bunker Theft Was Inside Job

Three crew members who left the tanker with the robbers were the captain, first officer, and chief engineer.

Crude Up on Political Unrest

Brent gained $1.12/bbl settling at $110.33 while WTI stepped up $0.50/bbl, ending the day at $101.94/bbl.

Weekly Vessel Scrapping Report: 2014 Week 17

Weekly Vessel Scrapping Report: 2014 Week 17

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from April 16th - 23rd 2014.

Robin Meech Appointed IBIA Vice-Chairman

He replaces Jens Maul Jorgensen who became IBIA chairman on April 1, 2014.

Hong Kong Energy Company in New China LNG Focus

Fairson Holdings has changed its name to China Oil Gangran as it builds its clean energy business.

Wärtsilä Touts Ship Power Performance

Orders for offshore, dual-fuel equipment partially offset a downturn in the company's power generation division.

New LNG Carrier Orders for U.S. Shale Gas Exports

Shipowner Navigator says it expects new availability and demand for low-cost ethane.

Indian Oil Expanding in Mauritius

The island nation wants to become a petroleum hub, serving other parts of Africa.

Bunker Pirates Strike in Armed Robbery off Malaysian Coast

3 million liters of diesel and three crew members were taken in the attack on a Japanese tanker in the Malacca Strait.

WTI Drops as U.S. Crude Inventory Hits All-Time High

U.S. crude daily production also rose to a 26 year high adding to the pressure of WTI throughout the day.

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