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Dry Bulk 2016: Only Companies With Very Strong Balance Sheets Will Get Through This Storm

Low bunker prices are one of the few positives in the coming year in for dry bulk.

Wartsila To Power 15 LNG Barges For Shell Charter

Wartsila says its environmental compliance, fuel flexibility, and low operational costs were a key factor in securing a new LNG barge contract.

EU Master Plan For LNG To "Benefit Tremendously" Inland Waterway Transport

Officials with the recently-developed EU LNG Masterplan said at a gathering earlier this month that benefits are already seen on the Rhine/Meuse-Danube.

Study Details "Significant Reductions in Tanker Air Pollution" from New ECA Rules

While particulate matter and SOx emissions were "substantially reduced," NOx emissions have only been "somewhat reduced."

OPEC Should Consider Boosting, Not Reducing, Its Output: Consultant

Robin Mills, head of consulting for Manaar Energy, believes a significant increase in production would have several benefits.

WTI, Brent Start the Week With $1+ Losses

The selloff was triggered by early Asian data indicating Japanese crude purchasing had fallen to 46 year lows.

Panama Posts Improved Monthly Bunker Sales

The October result means that Panama has recorded a monthly total of more than 300,000 mt for seven out of the first 10 months of the year.

Meech to Follow Jorgensen as New IBIA Chairman

Intertek ShipCare's Global Technical Manager Michael Green will replace Meech as Vice-Chairman.

Singapore's Mercator Forced to Sell Three Bulkers to Service Debt

Mercator says it received a notice of enforcement from an undisclosed mortgagee requesting that the second-hand vessels be sold.

Australia Sees "Unprecedented" Rise in Bunker Related Vessel Arrests

The collapse of OW Bunker, as well as an economic downturn, were cited as reasons for the sharp increase this year.

Bunker Player Investigated as Part of Suspected Multi-Billion Dollar Brazilian Fraud Scandal

The connection was identified as part of ongoing probes into bribery and money laundering in Brazil.

Fines for New China ECA Regs Detailed

A vessel found to be in breach of the new ECA rules will be fined between RMB10,000 and RMB100,000 ($1,550 to $15,500).

New Bunker Barge for Brightoil Singapore Subsidiary

The company says that its Singapore-based Subsidiary 326 will pay $8.4 million to Shenzhen Brightoil Shipping to purchase the bunkering vessel.

Georgia Holds First GloMEEP National Workshop of the Energy Efficiency Project for Shipping

The national workshop is said to have focused on raising awareness of energy-efficiency regulations of MARPOL's chapter 4.

New Bunkering Facilities Part of Revamped Al Mirfa Port

The Abu Dhabi National Oil Company will bunker vessels using an offshore platform that was completed as part of the port's recent upgrades.

Vitol Leads First Crude Shipments Following Lifting of U.S. Export Ban

A 600,000 barrel cargo of domestic light crude oil is scheduled to load the first week of January at the Enterprise's Houston Ship Channel terminal.

Weekly Vessel Scrapping Report: 2015 Week 51

Weekly Vessel Scrapping Report: 2015 Week 51

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from December 17 – December 23, 2015.

Idle Box Ship Fleet Decreases For First Time Since July

The number if idle vessels has fallen to 306, or 1.33 million TEUs, after earlier looking like it was heading for an all time high by the end of December.

Curved Bow Reported to Provide 5% Bunker Savings

The 540 TEU container ship's bow is said to enable fuel savings by reducing wind pressure on the ship by 30 percent compared to conventional vessels.

Colombo Bunker Sales Receive Boost from Increased Container Traffic

During the first eleven months of 2015, services such as bunkering, repairs and chandelling are said to have increased by 18.2 percent year on year at the port.

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