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OPEC Panel Recommends Cutback Extension as Latest Data Indicates Cartel Has Failed to Reduce Stockpiles
OPEC Panel Recommends Cutback Extension as Latest Data Indicates Cartel Has Failed to Reduce Stockpiles
One analysts says an extension is needed not to boost prices, but to keep them from falling.
24 Apr 2017
Traders Nervous Over Inventory Builds Cause Friday Price Drop, but Goldman Thinks Fundamentals Are "Surprisingly Good"
Traders Nervous Over Inventory Builds Cause Friday Price Drop, but Goldman Thinks Fundamentals Are "Surprisingly Good"
However, Total joins the growing chorus of experts who think prices will fall again.
24 Apr 2017
SMW Interview: Ship & Bunker Discusses Preparations for the 2020 0.5% Sulfur Cap on Bunkers With the MPA
SMW Interview: Ship & Bunker Discusses Preparations for the 2020 0.5% Sulfur Cap on Bunkers With the MPA
"MPA is working with our bunker suppliers to make available 0.5 percent compliant fuels by 2020," MPA Director Parry Oei tells Ship & Bunker.
24 Apr 2017
Navios to Acquire Entire Fleet from Troubled Rickmers Maritime
Navios to Acquire Entire Fleet from Troubled Rickmers Maritime
Navios has announced that, subject to a number of conditions, it will acquire Rickmers Maritime's entire container fleet for approximately $113 million.
21 Apr 2017
European Investment Bank Signs €150 Million Sustainable Shipping Agreement with ABN AMRO
European Investment Bank Signs €150 Million Sustainable Shipping Agreement with ABN AMRO
The agreement is intended to ensure favourable financial terms for promoters of sustainable projects in the maritime transport sector.
21 Apr 2017
SinoRiches Facing $1.71 Million in Claims from Bunker Supplier and Shipowner
SinoRiches Facing $1.71 Million in Claims from Bunker Supplier and Shipowner
One claim, filed in a New York court, alleges that SinoRiches failed to pay for the supply of 1,040 tonnes of bunkers delivered to the Kiran Istanbul in January.
21 Apr 2017
Titan LNG Inks LNG Bunker Supply Contract with AMS
Titan LNG Inks LNG Bunker Supply Contract with AMS
The contract marks the first bunkering supply contract for the FlexFueler, Titan LNGs LNG bunkering pontoon.
21 Apr 2017
Nordic Marine Oil Adds Third Bunker Barge for Skagen and Gothenburg Roads Ops
Nordic Marine Oil Adds Third Bunker Barge for Skagen and Gothenburg Roads Ops
The company said the addition of Ristna comes in response to increased volumes.
21 Apr 2017
USCG Adds New Environmental Designation to QUALSHIP 21 Programme
USCG Adds New Environmental Designation to QUALSHIP 21 Programme
The E-Zero designation will be officially launched on July 1.
20 Apr 2017
GAS Entec to Build LNG-Powered Reefer Carrier
GAS Entec to Build LNG-Powered Reefer Carrier
GAS Entec says the vessel will be the world's first LNG-fuelled reefer carrier.
20 Apr 2017
Weekly Vessel Scrapping Report: 2017 Week 15
Weekly Vessel Scrapping Report: 2017 Week 15
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from April 13 – April 19, 2017.
20 Apr 2017
Bunker-Saving Fleet Cleaner Robot Launches in Port of Rotterdam
Bunker-Saving Fleet Cleaner Robot Launches in Port of Rotterdam
Fleet Cleaner says the hull of the vessel Vlieborg was recently cleaned with the company's system at Rotterdam.
20 Apr 2017
Bunker Claims Accounted for 57% of Singapore Arbitrations in 2016: SCMA
Bunker Claims Accounted for 57% of Singapore Arbitrations in 2016: SCMA
SCMA notes that the number of arbitrations have been on a steady rise since 2009, with 46 arbitrations recorded in 2016, compared to just nine in 2009.
20 Apr 2017
PowerCell, Hexagon Composites, and Nel Embark on Hydrogen Projects JV Toward Zero-Emissions
PowerCell, Hexagon Composites, and Nel Embark on Hydrogen Projects JV Toward Zero-Emissions
The equally owned joint venture is set to initially focus on opportunities within the maritime and marine segments.
20 Apr 2017
RN-Bunker Initiates Low-Sulfur Bunker Sales
RN-Bunker Initiates Low-Sulfur Bunker Sales
The fuel, which has a sulfur content not exceeding 0.1 percent, is produced by the Ufa group of refineries.
20 Apr 2017
Stena Bulk Holds Naming Ceremony for Latest Bunker-Saving Newbuild
Stena Bulk Holds Naming Ceremony for Latest Bunker-Saving Newbuild
The bunker-saving Stena Imagination is said to offer fuel consumption levels about 10-20 percent lower than that of equivalent vessels.
20 Apr 2017
U.S. Court Imposes $40 Million Penalty on Carnival's Princess Cruise Lines for Intentional Dumping
U.S. Court Imposes $40 Million Penalty on Carnival's Princess Cruise Lines for Intentional Dumping
The court also ordered that $1 million be awarded to the British engineer who first reported the illegal discharges.
20 Apr 2017
KPI Bridge Oil Adds Bunker & Lubricant Trader to Denmark Office
KPI Bridge Oil Adds Bunker & Lubricant Trader to Denmark Office
Anders Petersen as a Bunker & Lubricant Trader in the company's Denmark office.
20 Apr 2017
NORDEN Joins Trident Alliance to Support Push for Fair Implementation of Sulfur Regs
NORDEN Joins Trident Alliance to Support Push for Fair Implementation of Sulfur Regs
Nicolai Bro Jöhncke of NORDEN says "the added cost of the sulfur regulation will be significant and without robust enforcement."
19 Apr 2017
Two Torghatten Nord Hybrid Gas-Electric Ferries to Feature MAN Cryo Fuel Gas Supply Systems
Two Torghatten Nord Hybrid Gas-Electric Ferries to Feature MAN Cryo Fuel Gas Supply Systems
MAN Cryo has signed a contract with the Vard for the supply the fuel-gas supply system to the two vessels.
19 Apr 2017
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