All News

Grimaldi Lines Orders More Bunker Saving Upgrades

Grimaldi Lines will upgrade five more RoRo vessels with Rolls Royce bunker-saving technology.

3 Apr 2015

Rickmers: The Market Demands Large Fuel-Efficient Ships to Sustainably Lower Slot Costs

The Shipowner is investing $260M on 3 new bunker-saving box ships.

3 Apr 2015

Euronav Sees "Remarkable" 2014, Still Makes Loss

"2014 was a remarkable year for Euronav," says CEO as revenue climbed more than 50 percent year-on-year and the group swung to an operating profit.

3 Apr 2015

Euronav: 2015 Looking Good for Tankers, Volatility Should Be Embraced

"We have deliberately exposed our fleet to the spot market for 2015 to benefit from what we believe will be a multi-year, growing freight rate market, says group.

3 Apr 2015

Weekly Vessel Scrapping Report: 2015 Week 13

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Mar 26 - Apr 1, 2015.

2 Apr 2015

Bomin to Expand Baltic Operations, Changes Division Name

"We have ambitious plans for Bomin throughout the course of 2015," says group MD.

2 Apr 2015

Spectre of Iran Deal Keeps Oil Price Low, Could Slide to $20

"In case the international sanctions against Iran are lifted, 1m barrels a day will be added to the country's crude-oil production and exports," says Oil Minister.

2 Apr 2015

China Shipping Development to Order New Bulkers

Three 6,600 dwt bulkers will be ordered by Jinghai Shipping, to be built by an as yet undisclosed Chinese shipyard.

2 Apr 2015

Suez Canal Expansion to Be Ready by July

"We capitalise on our location for the first time," says Egyptian minister as he reveals the canal expansion should be ready a month early.

2 Apr 2015

China Confirms Process for Auctioning of Arrested Bareboat Charter Vessels

The country's highest court also confirmed that ship arrest and auction cases will be dealt with by coastal provincial maritime courts.

2 Apr 2015

Brightoil's Head of Fuel Oil Trading in Singapore Resigns

Junior derivatives trader Lionel Kong is also reported to have left the company.

2 Apr 2015

OOIL Orders Six 20,000 TEU Box Ships for OOCL

The deal is reportedly worth $951.6 million

2 Apr 2015

GAC Bunker Fuels Hires New Global Trading Manager in Dubai

Colin Holloway is a claims expert and well-known in the Middle East bunkering community.

2 Apr 2015

Australian MP Suspended Over Bunker Protest

"With other developed nations banning it in ports, it's long overdue to do the same thing in Australia," says MP of burning HFO while at berth.

2 Apr 2015

MSC Takes Delivery of Second Mega Ship MSC Oliver

The ship, along with its sister vessel MSC Oscar, are currently the largest containerships in the world.

2 Apr 2015

Brent, WTI Levels Rise to Highest Since Early February

Brent saw an increase of 3.6%, while WTI saw an increase of 5.2%.

1 Apr 2015

MOL Names New President

Senior Managing Executive Officer Junichiro Ikeda was named as president

1 Apr 2015

Drewry: Clear Evidence Box Carriers Are Passing-On Bunker Savings

"But they might not feel so generous now that rates are on the floor," according to the firm's latest Container Insight.

1 Apr 2015

ZIM Sees "Sharp Improvement" in 2014 with $116M EBITDA

The company underwent a major financial restructuring during the year, and saw benefits from an efficiency drive as well as a drop in bunker prices.

1 Apr 2015

TOTE LNG Powered Box Ship to Launch in April

The vessel was built and will be launched at General Dynamics NASSCO's shipyard in San Diego.

1 Apr 2015