All News

Oversupply Worries Once Again Pull Down Oil Prices

Gasoline stockpiles growing by 911,000 barrels last week is said to be one reason for the price plunge.

22 Jul 2016

US Independents Call For Crude Import Ban To Restart Shale Boom

A grassroots movement is planning to go national later this year.

22 Jul 2016

IMO Energy Efficiency Measures Workshop Held in Morocco

The workshop, held from July 19-21, was organized under IMO's GloMEEP project, of which Morocco is one of the 10 lead pilot countries.

22 Jul 2016

Weekly Vessel Scrapping Report: 2016 Week 28

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from July 14 – July 20, 2016.

21 Jul 2016

Grounded MV Benita: More Than 200 cbm of Contaminated Fuel Oil and Lube Successfully Removed

The vessel is said to remain aground and in a stable condition, with skimming of any oily water residue continuing "as a precaution."

21 Jul 2016

NASSCO Completes Float Out of Fourth of Five APT LNG-Ready ECO Tankers

The Bay State is the fourth of five 50,000 DWT, LNG conversion-ready, ECO Class tankers being built for APT.

21 Jul 2016

Two South Korean Shipping Lines Slated to Ply Northern Sea Route Until September

Pan Ocean and Kukbo Transportation will be shipping plant facilities to Russia and Kazakhstan by way of the Arctic's Northern Sea Route.

21 Jul 2016

Titan Petrochemicals Announces Successful Restructuring, Return to Hong Kong Stock Exchange

The company's shares returned to trading on the Hong Kong Stock Exchange on July 15, 2016.

21 Jul 2016

Oil Prices Expected to Remain Choppy As Russia, Iran, and Libya all Indicate Rising Output

Russia, Iran, and Libya are among the global players either increasing production or recovering its market share.

21 Jul 2016

Barclays Raises Medium Term Oil Price Outlook, But "Crexit" Threatens to Trigger Another Financial Crisis

Pessimistic analysts warn that a mass exit of lenders from credit markets, the so-called "crexit", could seriously derail any gains for crude.

21 Jul 2016

Four Men Arrested in Singapore for Fraudulent Possession of MGO

Singapore Police Force say about 25 metric tonnes of MGO was found hidden in the buoyancy tanks of a tug boat on Monday.

21 Jul 2016

Turkey to Push Ahead With Bosphorus Strait Bypass Canal

Turkish president Recep Tayyip Erdoğan says the attempted coup last weekend has not caused any delay to construction plans for Kanal Istanbul.

21 Jul 2016

Concern Raised Over Environmental Safety of Fuel Transfer Operations on U.S. East Coast

Residents in Portland, Maine, say lacking state regulations are enabling vessels to conduct ship to ship fuel transfers without spill prevention equipment.

21 Jul 2016

Costa Cruises Reduces Energy Consumption by 4.8%, Carbon Footprint by 2.3%

Costa Cruises announced the achievement Tuesday upon the release of its latest sustainability report.

21 Jul 2016

The End of Legacy Yahoo Messenger: The Bunker Industry Says It's Moving to Skype

Several players tell Ship & bunker that they're switching to Skype, but most stress they'll need to use multiple platforms to support their customer's needs.

21 Jul 2016

EIA Report Lifts Crude Prices

Bunker prices were firm to stable in the primary ports.

20 Jul 2016

Recruiting and Retaining Top Talent at Sea

A recent IMO study revealed that the current officer shortfall stands at about 16,500 officers and if trade increases, this may get worse.

20 Jul 2016

Oil Prices Will Fall And Stay Low, Say Analysts, But Disagree On The Severity

Everything from overproduction to the rise of Donald Trump are cited as factors in the price plunge.

20 Jul 2016

Malaysia Sees Growing Importance for Strait of Malacca

The Malaysian Prime Minister's special envoy to China says there is "renewed interest in maritime facilities along the Strait of Malacca."

20 Jul 2016

Tight Avails Continue in Hamburg Bunker Market

Ship owners are said to have been left to pay steep premiums for the product that is available.

20 Jul 2016