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Weekly Vessel Scrapping Report: 2014 Week 39

Weekly Vessel Scrapping Report: 2014 Week 39

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Sep 18th - 24th, 2014.

Hong Kong Pleased with Shenzhen Green Initiative

Shenzhen will incentivise ships to use low-sulfur fuel, contributing to environmental goals.

ICS: Global Shipping's Emissions 20% Lower

The industry said it had produced 2.2 per cent of the world's total emissions in 2012, compared with 2.8 percent in 2007

Star Bulk Receives the Second of Six Fuel-Efficient Newbuilds

The series of six newbuilds will have "amongst the lowest fuel consumptions and carbon emissions of vessels of similar size and age."

Cosco Orders 14,500 TEU Bunker Saving Box Ships, Warns They Could be "a Double-Edged Sword"

Guo Huawei, Cosco's Board Secretary noted that "the ships need to be filled for the cost savings to be achieved."

New Bunker Tanker Enters Service in Russia

Tanker-3, the last in a series of three, became operational late last week.

U.S. Makes $210 million Investment in Biofuel Refineries

Emerald Biofuels LLC, Fulcrum BioEnergy Inc. and Red Rock Biofuels will produce biofuels that aim to be cost-competitive with petroleum-based fuels.

Major Investor Sells Holding in OW Bunker

The company has announced that T Rowe Price has reduced its shareholding to below 5 percent.

New Dubai Based Trader for Dan-Bunkering

Sahar Zarghamian joined the company on August 11, 2014.

Another Ship Arrested in Singapore

The Singapore flagged passenger ship Wavemaster 7 was arrested on September 19, 2014.

WTI Up after Unexpected Inventories Report

The rise in WTI today is not seen as durable as the global supply situation remains much the same.

Ferry Operator Says Switching to LNG Will Save it Over $10 Million Per Year

CEO says LNG conversions are a "game changer" for the ferry operator in its bid to reduce fuel costs.

European Shippers' Council: 2M Alliance Could be Damaging to World Trade

ESC Chairman, Denis Choumert, has written to the FMC to sound an "alarm bell" over the deal.

San Francisco Bunker Spill Under Investigation

A 100 by 150-yard sheen was visible by helicopter, 5,000 feet of boom deployed by Coast Guard in affected area

EPA Issues $5 Million in Grants to Reduce Marine Diesel Emissions

Submissions are now open for this year's Diesel Emission Reduction Act funding program by the U.S. Environmental Protection Agency.

OOCL to Raise Bunker Surcharge to Cover 2015 ECA Compliance Costs

The company said it was not possible to say what the charge would be, but that it will be calculating a new Bunker Adjustment Factor monthly.

Greece-Based Operator Takes Delivery of Handysize Eco-Bulker

NewLead's fleet of dry bulkers has grown from two to five this year alone as part of the company's drive to build a younger, more efficient fleet.

Industry Insight: Anniversary of a Milestone Northwest Passage Voyage Highlights Call for Arctic HFO Ban

Industry Insight: Anniversary of a Milestone Northwest Passage Voyage Highlights Call for Arctic HFO Ban

Two months after Neil Armstrong landed on the moon, icebreaking tanker SS Manhattan became the first commercial vessel to transit the Northwest Passage.

Quiet Day for Crude as Brent Trades Flat

An oversupplied oil market without supply disruptions or major weather activity should equal less expensive bunkers, near term for buyers.

US Extends 2M Talks While it Consults China

The US Federal Maritime Commission will likely halt and extend its review of Maersk Line and Mediterranean Shipping Co's proposed consolidation deal.

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