All News

COSCO Shipping Set to Acquire OOCL

"The transaction marks the latest consolidation in the global maritime industry," said COSCO Shipping Lines of the $6.3 billion deal.

10 Jul 2017

Analysts Differ on the Regions But Agree That Geopolitical Risk Weighs Heavily Against Crude

Some say it will negatively impact demand and others think it will send prices skyrocketing - depending on where the fighting breaks out.

10 Jul 2017

More Losses for Crude Come Amid Renewed Speculation that OPEC May Get Tough on Nigeria, Libya

The rumours are fueled by evidence that U.S. shale is nowhere near as perilously close to a downfall as some think.

7 Jul 2017

Environmental NGO Welcomes IMO Support for Action on HFO Use in the Arctic

Clean Arctic Alliance has welcomed support from member states at MEPC 71 for a proposal to identify ways to mitigate risks of HFO use in Arctic waters.

7 Jul 2017

IMO Announces New Addition to Low Carbon Shipping Alliance

The Grimaldi Group has become the fourteenth company to join the newly formed Global Industry Alliance.

7 Jul 2017

Bunker-Saving HullWiper Cleans First Cruise Vessel in Copenhagen

The operation saw the removal of marine fouling from the DFDS Group's 2,800 DWT Pearl Seaways, which serves routes between Copenhagen and Oslo.

7 Jul 2017

MEPC 71 Sees Presentation on Spain's International School of LNG

Salvamento Marítimo and Enagás also gave a presentation the Core LNGas hive project.

7 Jul 2017

UK Government Publishes Results of Ship to Ship Transfer Reg Review

The review aimed to verify if the regulations had achieved initial objectives, if those objectives were still relevant, and if the regulations were still required.

7 Jul 2017

Supplier Announces 0.10% Sulfur LSMGO Now Available in Pakistan

"Availability of the product is good and so is the price," Orion Bunkers Director Zeeshan Arshad tells Ship & Bunker.

7 Jul 2017

Bye-bye $100 Oil, Say Experts: $50 Is The New Norm - And A Fair Price To Boot

Meanwhile, the Saudis brag about increased output in 2016 despite weak demand.

7 Jul 2017

Oil Up, But Forecasts Down - Again

A bigger than expected drop in U.S. crude stocks wasn't enough to inspire market confidence.

7 Jul 2017

Pacific Ministers Call on IMO Member States for "Radical" CO2 Cuts

Pacific nations are pushing for IMO to align the shipping's emissions with the Paris Agreement goal of limiting warming to 1.5C above pre industrial levels.

6 Jul 2017

Lower Rates and Higher Bunker Prices Impact Stolt Tankers' H1 Results

Stolt Tankers' operating profit for the period was $27.6 million, compared to $28.5 million during the same period of 2016.

6 Jul 2017

Weekly Vessel Scrapping Report: 2017 Week 25

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from June 29 – July 5, 2017.

6 Jul 2017

IRClass Issues Rules for LNG-Powered Coastal and Inland Vessels

IRClass says the development "underscores the increasing importance of using cleaner fuels."

6 Jul 2017

Deltamarin to Support Construction of Viking Line LNG-Powered Newbuild

The new vessel concept is said to be 10 percent more energy efficient than Viking Line's Viking Grace.

6 Jul 2017

OPEC Exports Rise Once More Along With Resistance to Deeper Cuts

The news caused another drop in crude prices on Wednesday.

6 Jul 2017

Raymond James Blames "Fake News" for Crude's Woes, Insists Market Should be Bullish

But other analysts once again cite fundamentals in predicting more volatility ahead.

6 Jul 2017

Data Integrity "Key" to EU MRV Compliance, Says WSM

WSM says it foresees "the biggest challenge to remain compliant is ensuring data integrity throughout the data collection period."

5 Jul 2017

Bureau Veritas Issues New Rules and Notations for Growing Number of Hybrid Vessels

The new notations include power management, power back-up, and zero emission standards.

5 Jul 2017