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Falling Oil Prices Push Owners to Offload ECO Ships
"With the fall of bunker costs, the advantage of these eco-fuel ships has been eroded," says one industry source.
15 Dec 2014
Tankers Install Thermal Insulation on Bunker Tanks to Ready for 2015 ECA Rules
SPS overlay can be used to insulate fuel tanks, enabling ships to carry HFO and ECA-compliant fuels on voyages.
15 Dec 2014
Haminan Energia to Receive Almost €28 million for New LNG Terminal
The terminal is slated to finish construction in the fall of 2018.
15 Dec 2014
Ship Aground at Antwerp Blocks Traffic, No Bunker Spill Reported
The MSC Rachele was refloated at high tide after Dutch emergency services responded.
15 Dec 2014
ClassNK and USMRC Team Up on LNG Bunkering Training Tools
The two will cooperate to develop more simulation tools for better USMRC LNG training programs.
15 Dec 2014
Braemar Signs LNG Bunker Tanks Deal
Braemar LNG BV has signed a deal to use General Dynamics NASSCO patents to build new LNG bunker tanks.
12 Dec 2014
Gulf Petrochem Appoints Former Indian Oil Chairman
Brij Mohan Bansal will head the company's expansion plans.
12 Dec 2014
LNG Orders Take Up Slack at Korean Shipyards
South Korea's shipbuilders are benefitting from orders of LNG ships as offshore project orders fall with oil price.
12 Dec 2014
Low Oil Price Weighs on LNG Bunker Decisions
Unexpected drop in oil prices may "provoke a startled rethink" of plans for the use of LNG bunkers, says BIMCO's Watchkeeper writes.
12 Dec 2014
Tallink Orders "New Generation" Energy Efficient LNG Ferry
The ship will cost €230 million and hold 2800 passngers.
12 Dec 2014
LNG Emerging as Forefront of Marine Fuel, Says Qatari Player
The company said that LNG's track record of fuel transfer spills is exemplary compared to fuel oil's.
12 Dec 2014
Bunker Holding Enters Physical Supply Market with ex-OW Bunker Staff
Unioil A/S will supply physical bunkers throughout Scandinavia but "holds no aspiration of becoming a major player."
12 Dec 2014
Overtonnage and ECAs Drag Shipping Confidence to Two-Year Low
Charterers and shipowners saw the greatest declines in confidence.
12 Dec 2014
Former OW Bunker Credit Analyst Joins Dan-Bunkering
Morten Rosenberg Nielsen will be based in Copenhagen, but will be servicing all offices within the group.
12 Dec 2014
WTI Slips Under $60 and to a 5 Year Low
Some analysts feel that if the Saudis don't cut production it will actually force other OPEC producers to eventually increase production.
11 Dec 2014
Weekly Vessel Scrapping Report: 2014 Week 50
Weekly Vessel Scrapping Report: 2014 Week 50
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Dec 4 - Dec 10, 2014.
11 Dec 2014
Denmark to Compensate Suspected Bunker Pirates
The nine suspects will be paid over $3000 after having waited 13 days to appear before a judge.
11 Dec 2014
OPEC Cuts Projection to Lowest Demand in 12 Years
The weakness of oil has prompted critics to doubt Saudi Arabia and OPEC's ability to decide the price of oil.
11 Dec 2014
ECAs Will Divide Companies into Weaker and Stronger Players, Says Finnlines CEO
Companies who directly own newer, large ships will have higher chances of coming out in the competitive upper tier.
11 Dec 2014
Shipping Lines Will See No Long-Term Benefit from Bunker Price Drop
Freight rates are currently said to be falling faster than bunker prices but lines will pass on savings anyway.
11 Dec 2014
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