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Oil Prices Continue to Make Gains

Supply continues to be abundant while demand is tepid.

ExxonMobil Hits 2M MT Mass Flow Meter Delivery Milestone in Singapore

The milestone comes just 6 months after the supplier reached its one million mt milestone.

Wärtsilä Powered LNG Bunker Vessel "an Important Step Towards LNG Becoming the Fuel of Choice for Shipping in Europe"

"LNG eases compliance with both the new and anticipated future IMO environmental regulations," says Wärtsilä Ship Power VP.

Fast Steaming Won't Return Until Bunker Price Falls to $200 pmt

Even though bunker prices have fallen, freight rates remain so low that fast steaming does not make commercial sense, says Box Ships CEO.

Record Fuel Storage at ARA Ports

Combined fuel storage at the ports is 5.8 million mt, the highest levels seen since at least 1995.

Claims "Pouring In" at Bankrupt Copenship

Half of claims are coming from bunker suppliers but there will be little to share amongst ordinary creditors, says trustee.

LNG Bunkering: Norwegian Player Says Floating Terminals Beat Building Land Based Infrastructure

"A floating solution is highly cost-efficient, mobile, flexible, scalable and re-saleable, and has a much lower financial risk than the alternatives."

Wärtsilä to Power World's First CNG Vessel

The new vessel will feature a 9-cylinder Wärtsilä 34DF dual-fuel main engine operating primarily on gas.

Pacific Shipper's Fuel Surcharge Falls 18% in 3 Months

The move is the fourth consecutive drop in its fuel surcharge.

Finland's Meriaura Aims to Cut Fuel Consumption By Almost 50%

The company hopes to save almost 50 percent on fuel bills through hull design and optimised machinery with two newbuild cargo ships.

Dry Bulk Carrier Copenship Goes Bankrupt in "Extremely Bad" Market

"Secondly, there are several counterparties that have caused us losses," says CEO.

ICS: Global 0.5% Sulfur Cap "Very Likely to be Implemented in 2020"

The International Chamber of Shipping said that it was likely that the IMO would bow to EU pressure on new sulfur regulations.

Denmark Launches New Anti-Piracy Strategy

Denmark will continue to focus on the Horn of Africa but will extend operations in the Gulf of Guinea in addition.

Shipowner Warns that Dry Bulk Market is "Collapsing"

The Baltic Dry Index has fallen to its lowest point in almost three decades.

Singapore Bunker Trader to Fold Following OW Bunker Exposure

Opet Singapore will close after six years selling fuel oil in the world's largest bunker market.

Tanker Deputy Captain Killed in Pirate Attack

Maltese-flagged Kalamos was attacked off Nigeria on Tuesday, with one death and three hostages taken among 23 crew.

China Shipping, Bank of China in $14.4 billion Cooperation Agreement

Areas of cooperation include credit facilities, direct financing, financial advisory, and investment.

Marine Insurer Launches New Coverage in Response to South-East Asian Bunker Piracy

The added policy will have an aggregate limit of $5 million.

Investors and Traders Continue to Fight Over the Direction of Crude

Over the next several months however, we still feel it is more likely that oil prices will reduce further than increase.

Weekly Vessel Scrapping Report: 2015 Week 5

Weekly Vessel Scrapping Report: 2015 Week 5

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Jan 29 - Feb 4, 2015.

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