All News

Petrotrin Undertakes Infrastructure Upgrades Following Point-a-Pierre Bunker Spill

Fitzroy Harewood, President of Petrotrin, says total costs related to the recent bunker spill clean up are still unknown.

12 May 2017

Oldendorff Carriers Appoints Verifavia to Ensure Fleet Compliance Under EU MRV Regs

"Verifavia is now exceeding 300 ships under contract for EU MRV verification and assessment," notes Julien Dufour, CEO of Verifavia Shipping.

12 May 2017

Pasha Hawaii's Two LNG-Powered Boxships to Be Built at Keppel Shipyard

The two fuel efficient LNG-powered container ships are set to be built by Texas-based Keppel AmFELS - a subsidiary of Keppel Offshore & Marine.

12 May 2017

Vitol: Oil Glut Drawdown has Yet to Materialize, US Shale Growing Faster Than Forecast

Vitol's remarks accompany the Saudis and other nations boosting output.

12 May 2017

Latest Rally Means Nothing, Oil Will Soon Drop to the Low $30s despite OPEC Extension: Analyst

Meanwhile, other experts take solace in more OPEC countries declaring their support for an extension.

12 May 2017

CEO Changes at Glander International Bunkering, Dan Bunkering, and KPI Bridge Oil

No official announcement has yet been made on the changes.

11 May 2017

Weekly Vessel Scrapping Report: 2017 Week 17

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from May 4 – May 10, 2017.

11 May 2017

KDU Appointed as Reseller for GE's Bunker-Saving SeaStream and SeaLyte DP Systems

KDU will have reselling rights of the GE products in the UAE and Middle East, including Saudi Arabia.

11 May 2017

Shipping Industry Outlook Appears Stable: Moody's

Moody's suggests that the operating environment has bottomed out, and earnings are now set to remain stable, but low in 2017.

11 May 2017

ECA Operator Tallink Cites Higher Bunker Costs for Profitability Decrease in 2017's Q1

Tallink has reported an unaudited Q1 net loss of €20.3 million ($22.07 million).

11 May 2017

DBS Inks EU MRV Agreement with Interorient Shipmanagement

DBS will act as the Verification Body for Interorient Shipmanagement, assessing monitoring plans and verifying annual emissions reports of the company's fleet.

11 May 2017

Maersk Line Slumps to Q1 Loss as Rising Bunker Costs Outpace Freight Rate Gains

"Focus on cost efficiency across all businesses remains high," noted Maersk in its interim financial report for 2017's Q1.

11 May 2017

Shipping Industry Organisations Call on IMO for Comprehensive GHG Strategy for Shipping

The primary focus of the proposed strategy would be to provide "tangible outputs to guide near- and long-term action and investments."

11 May 2017

EMSA Announces Drone Demonstration for Maritime Monitoring

The preliminary results are set to be presented at the pilot project's closing workshop on June 2, 2017.

11 May 2017

New Zealand Refiner Taking a Wait and See Approach for 2020

Sjoerd Post, CEO of NZR, says IMO's 0.50 percent sulfur cap could potentially negatively impact fuel oil prices.

11 May 2017

Gazpromneft Marine Bunker to Discuss Impact of 2020 Sulfur Cap on Russian Bunker Market

The forum, titled the "Current State and Prospects for Development of Russian Bunker Services Market," is set to be held in Saint-Petersburg on June 29-30.

10 May 2017

Drewry: Scrapping to "Heavily" Influence Tanker Market Recovery

While scrapping activity has not increased as of yet, Drewry says it predicts demolitions to gain momentum by the end of 2017.

10 May 2017

Bullish EIA Report Sends Crude Prices up 4%

Bunker prices were firmer in the primary ports.

10 May 2017

Press Release: Platts 14th Annual Bunker & Residual Fuel Conference

How are Bunker Fuel Suppliers and Ship Owners Meeting the Challenges?

10 May 2017

Weathernews and ClassNK Hold Joint EU MRV Seminar

More than 100 shipping personalities are said to have attended the companies' first joint seminar on EU's MRV regulation, which was held on 27 April.

10 May 2017