All News

New London Office For IBIA

"We aim to have our formal opening on Wednesday 9th September during London International Shipping week," says CEO Peter Hall.

4 Aug 2015

Brent Falls Nearly 5% to Break Through the $50 Threshold

The plummeting Chinese stock market and continual crude oversupply blamed as crude oil took a smashing today.

3 Aug 2015

Finnlines' Efficiency Measures Help Secure Solid First Half of 2015

Finnlines has credited ship efficiency measures as one reason for their "continuing strong" performance during the first half of 2015.

3 Aug 2015

Iran to Boost Oil Output "Within a Day After the Lifting of Sanctions"

"We are not asking anybody's permission to get our rights back," says Iranian Oil Minister Bijan Namdar Zanganeh.

3 Aug 2015

CSCL Boosts Its Fleet With Another Eight Containerships

The total cost of the new builds is estimated at $934.4 million.

3 Aug 2015

Battle Over Cruise Terminal/Shore Power Sent to Appeals Court

South Carolina Supreme Court rejects a request by the state's port authority to hear the case.

3 Aug 2015

New York RMG Demand Weak as Shippers Turn to RMK

On Wednesday, New York IFO 380 CST is said to have reached its lowest value since the end of January.

3 Aug 2015

Record Volumes Reported by World Fuel Services, but Share Price Tanks as Earnings Miss Estimates

"Low prices coupled with reduced volatility in marine, significantly impacted profitability," said CEO Michael J. Kasbar.

3 Aug 2015

US Moves One Step Closer to Being an Oil Exporter as Senate Backs "No Fossil Fuel Left Behind Act"

A full Senate vote on the matter could take place this fall.

3 Aug 2015

Tech Firm Releases New "Lab in a Box" Fuel Quality System

"A single fuel delivery that is found to be out of specification or has been tampered with could pay for the Fuel Quality Monitor immediately

3 Aug 2015

SK Energy Starts ULSFO Supply in Singapore

The product is said to be fully compliant with, and compatible with all other, ISO8217 RME180 specification fuels.

31 Jul 2015

Singapore's NOL Posts $3 million Profit for Q2 2015 Outside of APL Logistics Sale

NOL reports its first positive result for the first time in six quarters.

31 Jul 2015

Estimated Impact of Suez Canal Expansion Questioned

Analysis questions if new canal better accommodates rise in traffic since 2011 and whether fee changes would be a more effective way to boost users.

31 Jul 2015

Hong Kong Dry Bulk Operator Pacific Basin Reports $5.8 million Net Profit

However, its core dry bulk business generates a net loss of $15.4 million.

31 Jul 2015

Saudi Arabia to Cut Oil Production

Production is expected to drop to 10.3 million barrels per day following the summer months.

31 Jul 2015

Dry Bulk May Be Seeing First Signs of Recovery

The Baltic Dry Index climbed above 1100 points this month.

31 Jul 2015

Crude Futures Soften on Firming U.S Dollar

Brent fell $0.15 cents settling at $53.31 per barrel while WTI contracts for September fell $0.27 cents settling at $48.52 per barrel.

30 Jul 2015

Iran Likely to Face Hurdles Selling Condensate to China

A major Chinese importer is experiencing an outage, while weak refining margins have depressed demand.

30 Jul 2015

Iran Officials Seek to Dispel Rumours of Crude Floating Storage

But industry speculation remains wary, with some traders suggesting that Iran is avoiding disclosing its crude in storage to avoid a price plunge.

30 Jul 2015

Weekly Vessel Scrapping Report: 2015 Week 30

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from July 23 - 29, 2015.

30 Jul 2015