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Rolls-Royce Leads New €6.6 million Autonomous Ship Project

Rolls-Royce has announced that it will lead a new €6.6 million project working toward autonomous ships.

Oil Glut Helps Teekay to Record Quarterly Profit

The oil and gas shipping company reports a 2015 Q2 profit of $44.2 million, but still fell short of Wall Street expectations.

Plans Underway for the First, Full-Size, Unmanned Ship to Cross the Atlantic

The vessel will run on renewable energy such as solar, wind, and current.

Bomin Group Appoints New Vice President for U.S. Operations

Chris Nelson will be based out of the company's Houston office.

Wärtsilä To Provide Engine for World's First LNG Dual-Fuel Dredger

The vessel is being built for Belgium's DEME Group.

Teekay Tankers to Aquire 12 Suezmax Tankers

The company says it has agreed to take on 12 modern Suezmax tankers from Principal Maritime for $662 million.

New Trader for MXB in India

MXB is a joint venture between Matrix Marine Fuels Pte. Ltd., Singapore, and India's Bharat Petroleum Corporation Ltd.

China Fuel Oil Demand Jumps Almost 25% in June

The country also saw 4% Growth in June's year-over-year oil demand.

New Player Enters Singapore Bunker Market, Total Drops to 59 Accredited Suppliers

Lukoil Asia Pacific Pte Ltd, and Raffles Bunkering Pte Ltd no longer appear on the list of MPA accredited suppliers.

Singapore Bunker Supplier Tankoil Declared Bankrupt, "Milestone" Hailed for OW Bunker Proceedings

Tankoil was the principal recipient of credit from DOT as part of an alleged $125 million fraud, a contributing factor in the collapse of OW Bunker.

Crude Futures Continue to Fall

Brent contracts for September delivery settled at $49.52 per barrel after hitting 6 month lows earlier in the trading day.

Production of Tallink LNG Fast Ferry Begins

The ship is being built by Meyer Turku Oy.

ARA Fuel Oil Stock Rises to 23% Above Five-Year-Average

Stock is up to 840,000 barrels as of last week.

Drewry: China's Economic Slowdown Will Translate to Demand Loss in Container Market

Greater China, which represents approximately 30% of all container moves in the world, "will contribute to slowing world box growth" says Drewry.

Weekly Vessel Scrapping Report: 2015 Week 32

Weekly Vessel Scrapping Report: 2015 Week 32

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from August 6 - August 12, 2015.

Weekly Vessel Scrapping Report: 2015 Week 31

Weekly Vessel Scrapping Report: 2015 Week 31

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from July 30 - August 5, 2015.

Petrobras Intends to Sell 25% of its Fuel Distribution Unit

Petrobras is reportedly planning to sell about 25 percent of BR, its fuel distribution unit in a Brazilian IPO.

New Fujairah Refinery Faces Delay

A 200,000 bpd refinery in Fujairah with an intended product mix that includes marine fuels is now expected to be completed 2 years later than planned.

Low Bunker Prices Keep Asian VLCC Earnings Strong Despite Tumbling Rates

VLCC worldscale rates for Persian Gulf to East routes are expected to continue their two week fall, but low bunker prices have maintained robust daily earnings.

Oldendorff Carriers Says 2015 "Better Than Expected" for Dry Bulk

The bulk carrier says that it is capable of making a statement on the full year result and has exceeded expectations in 2015.

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