All News

Predicted Capacity Growth Threatens To End Best Tanker Spot Rates Since 2009
Tanker capacity is expected to reach 377 million DWT by the end of 2017.
20 Aug 2015
Industry Insight: Effective ECA Compliance - Why Pairing Fuels and Lubes is a Long-Game
Industry Insight: Effective ECA Compliance - Why Pairing Fuels and Lubes is a Long-Game
Insight into why there is no silver bullet for twinning lubes with a diversified cleaner fuels mix in today's operating conditions.
20 Aug 2015
U.S. West Coast Seeing Recovery of Cargo Volumes
Several West Coast ports are reporting higher cargo volumes than this time last year.
20 Aug 2015
Vladivostok Expected to Take Market Share from East Asia in 2016
After the port is declared a free port next year, an extra tax on bunkers-only calls at the port may be lifted.
20 Aug 2015
Two LNG Bunker Barge Concepts Unveiled by Crowley's Jensen
Both barges reportedly accommodate a wide variety of customer requirements.
20 Aug 2015
India to Pay Iran $1.4 Billion in Oil Dues
The exact timing of the payments is understood be be dependant on the finance ministry receiving U.S. Department of Treasury approval.
20 Aug 2015
Bunker Spill After Tanker Cracks Cargo Tank
The exact amount of bunkers spilled has so far not been reported.
20 Aug 2015
WTI Slides Under $41/bbl, Expect Bunkers to Fall Further
With OPEC continually trying to capitalize on its market share it will be difficult to expect the market to firm in the long run.
19 Aug 2015
Aegean Q2 Volume Up 18.5%, But Shares Plunge 18% as Earnings Miss Estimates
Revenues also slid dramatically for the quarter, down 30 percent to $1,207,707 from the $1,720,214 recorded in Q2 2014.
19 Aug 2015
Washington Makes "Significant Step" Towards Lifting US Oil Export Ban with Mexico Crude Swap Deal
Decision by the U.S. Commerce Department means U.S. companies will be able to offer light, sweet crude in exchange for Mexico's heavy crude.
19 Aug 2015
DNV GL Announces "Future-Proof" Eco-Retrofit Tool
The tool generates what-if scenarios to help companies predict the future.
19 Aug 2015
Unclear When Fire-Ravaged Shuaiba Refinery Will Reopen refinery
Experts say that Kuwait export deals will not be affected.
19 Aug 2015
Maersk Line: Confident 2M Alliance Will Bring $350m of Savings
Company says it has been successful in realising its projected savings result from its collaboration with MSC, although calculations are still being completed.
19 Aug 2015
ReCAAP: July Was First Month This Year With No Reported Fuel Siphoning Incidents
The overall number and seriousness of piracy attacks also decreased.
19 Aug 2015
Singapore's PSA Facing $61 Million Damages Claim from JNPT
The dispute is over a failed 2011 tender for a new container terminal.
19 Aug 2015
Bunkers Are Getting Cheaper Relative to Crude as Prices Slide to Multi-Year Low
Last year bunker prices across four primary ports averaged 73.84 percent of the cost of Brent, but slipped to 67.45 percent on Monday.
19 Aug 2015
Crude Up After Soft Start
Positive growth data coming out of the west coupled with anticipation of a large draw in U.S crude stock was the main driver today.
18 Aug 2015
Bunkering at British Island Under Review
The review will address concerns over "superyachts" getting bunkers directly from tankers.
18 Aug 2015
Former OW Bunker, Maersk Man Joins Prima Marine
Morten Kure Hansen has joined the bunker company's trading arm in Dubai.
18 Aug 2015
Insurers Say Tianjin Explosion Highlights Risks of Bigger Box Ships
The IUMI said that losses were indicative of a growing trend in the industry towards larger cargo values stored in ports and on large containerships.
18 Aug 2015