News Prices Demand Map
Free Registration
& Daily Email Subscribe

All News

Two Major Tanker Firms Achieve Loan Refinancing
New $500 million loan facilities signed up by Frontline Ltd. and Nordic American are seen helping boost profitability through lower costs.
18 Dec 2015
New Chinese ECAs: Shanghai Considering Voluntary Sulfur Regs in 2016
Huatai Insurance says that the other 10 "core" Chinese ECA ports have no current plans for at-berth regs ahead of new mandatary rules from Jan 1, 2017.
18 Dec 2015
Asia Fuel Oil Falls to 11-Year Low, Seen Under Pressure On Western Arbitrage
Fuel oil prices in Asia have hit their lowest level since January 2005, as traders looked for big inflows of Western product over the coming months.
18 Dec 2015
Crude Futures Remain Soft
Brent contracts for February delivery cooled 1.7% since yesterdays close settling at $37.06 per barrel.
17 Dec 2015
Freighter Carrying 560 Metric Tonnes of Bunkers Sinks in Singapore Strait
No oil spill has yet been reported after the freighter sunk following a collision with a chemical tanker in the Singapore Strait on Wednesday.
17 Dec 2015
Lifting Of U.S. Crude Export Ban Won't Have Impact For 2 Years: ESAI
An apparent deal by U.S. Congress to lift a longstanding ban on crude oil exports is unlikely to affect markets for two years, says ESAI.
17 Dec 2015
Brightoil Issues $100 Million in Convertible Bonds
Proceeds will be used to fund the construction of oil storage and supporting facilities in Zhoushan, among other activities.
17 Dec 2015
MSI predicts 2016 Dry Bulk Rebound, Weaker Tanker Markets
The second half of the New Year will particularly favour Capesize and Supramax vessels.
17 Dec 2015
China Signals Oil Prices are Too Low
The nation's decision to halt fuel price cuts gives oil a price floor of $38.
17 Dec 2015
FortisBC Looks to Expand LNG Bunkering in US Markets
The Canadian company says it is working with service providers to provide delivery solutions from California to Alaska.
17 Dec 2015
Rotterdam Announces New LNG Bunker Incentive
The incentive programme will provide seagoing vessels that bunker LNG in Rotterdam with a 10 percent discount on gross seaport dues until 2020.
17 Dec 2015
Maersk Warns COP21 Deal Could Lead To Fragmented Regional Rules
In the wake of a landmark climate agreement in Paris, major players in the shipping sector have called for cohesive global targets on emissions.
17 Dec 2015
CMES' Newbuilds Said to Be 20% More Fuel Efficient than VLCCs Built in 2009-2011
CMES has placed an order for four newbuild 308,000 DWT fuel efficient VLCCs, each with a $88million price tag.
17 Dec 2015
Methanol Has An "Historic Opportunity" As Marine Fuel: FCBI
In a new report, FCBI Energy says the industry should expect methanol to move from ships' cargo holds to their fuel bunkers.
17 Dec 2015
Baltic Dry Index Falls to New All-Time Low for a 2nd Consecutive Day
The Baltic Dry index fell a further 2.7 percent Wednesday, marking yet another all-time low for the metric.
17 Dec 2015
WTI Falls Under $36/bbl
API data on Tuesday signaled there would be a draw of 2.5 million barrels but DOE data showed a rise of 4.8 million barrels.
16 Dec 2015
IMO "Full Speed Ahead" On Climate Change in Wake of COP21
IMO says it remains strongly committed to addressing emissions from shipping, despite exclusion of the industry from specific mention in a new UN agreement.
16 Dec 2015
Costa Rica Could See 35% Hike in Bunker Fuel Prices
A new proposal seeking to change fuel prices across Costa Rica could result in notably higher bunker prices, according to the local chamber of industry.
16 Dec 2015
Bankruptcy Proceedings Initiated for Lithuanian Shipping Company
The Klaipėda Regional Court initiated bankruptcy for the shipping company on Tuesday, a decision that comes into force 10 days after its adoption.
16 Dec 2015
Morgan Stanley Warns of a "Losing Battle" for Some Dry Bulk Owners as it Slashes Spot Rate Predictions
The investment bank says the market will remain "under pressure" through 2017.
16 Dec 2015
Popular Now See all →