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Slow Steaming Getting Less Attractive for Tankers
Charterers must decide between making savings on bunkers by slow steaming, or speeding up but saving money on a shorter charter time.
26 Jan 2015
Bulk Carrier Arrested in Singapore
Phoenix Shipping & Trading's vessel has been arrested in a chartering dispute.
26 Jan 2015
Current Oil Price is Logical, Says OPEC, Saudi Aramco
"I don't understand, everyone is crying," says OPEC General Secretary.
26 Jan 2015
Hong Kong Delays 0.5% Sulfur Cap
The timetable for a 0.5 percent sulfur cap has now been pushed back to some point in the first half of 2015.
26 Jan 2015
Port of Houston Fuel Supply Tight After Weather Delays
Heavy fog has caused the Houston Ship Channel to intermittently close.
26 Jan 2015
Singapore-UK Research Collaboration to Develop More Efficient and Eco-friendly Ships
"By harnessing the power of computational modelling and simulations, we help shipbuilders optimise design to improve efficiency," says IHPC Exec Director.
26 Jan 2015
Jesper Jervild Launches Liberty Marine, a New Dubai Based Bunker Broking Company
Opportunities will be created as industry turmoil will change the procurement strategy in many companies, the company says.
26 Jan 2015
Singapore Court of Appeal Overturns Decision on "Wrongful" Ship Arrest Over Unpaid Bunker Bill
Transocean Oil had a boxship arrested in 2013 over unpaid bunker bills.
23 Jan 2015
Total: Oil Price Will Bounce Back Even Higher
Total's CEO says the oil "price will come back higher again" and that onlookers should not underestimate the industry's resilience.
23 Jan 2015
Buoyant Market Sees Tanker Firms Eye $275M in U.S. Listings
Euronav and Tankships are seeking U.S. listings, saying increasing charter rates signal a tanker market rebound.
23 Jan 2015
Rotterdam Distillate Sales Surge in December
Bunkering of MGO and MDO more than doubled in December as ships looked to bunker with lower sulfur fuels just before 2015 ECA rules came into force.
23 Jan 2015
Fuel Additive Linked to U.S. Wildlife Damage
Polyisobutylene is suspected as the substance which has led to hundreds of bird deaths in the San Francisco Bay area.
23 Jan 2015
US Players Report Slow Uptake of 0.10% ULSFO Product
Early price indications for the new product suggest ULSFO carries a discount of around $25 pmt compared to 0.10 percent sulfur MGO.
23 Jan 2015
Thordon Labels EALs as Too Expensive
"What is the point in shipowners investing in costly bio-lubricants when seawater is widely available and 100% free?" asks Thordon.
23 Jan 2015
Court Ruling May Lift EU Sanctions on Iranian Shipping Companies
European Council sanctions on IRISL and its subsidiaries may be lifted unless an appeal is made, or new grounds are found, by the end of March.
23 Jan 2015
Glander International Bunkering Hires New Bunker and Lubricants Trader
Andreas Johansen will work out of the Dubai office
23 Jan 2015
Largest Build in WTI Crude Stocks in Over 14 Years
This sustained level of low fuel oil prices for shipping companies could continue to equal greater returns over a prolonged period of time.
22 Jan 2015
Weekly Vessel Scrapping Report: 2015 Week 3
Weekly Vessel Scrapping Report: 2015 Week 3
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Jan 15 - Jan 21, 2015.
22 Jan 2015
BP: Low Oil Prices Could Last 3 Years
The energy major says it is reviewing its investment strategy in expectation of low prices .
22 Jan 2015
Maersk Line: Moving Away From Slow-Steaming Would Require a Fundamental Change to the Network
But some carriers say low bunker prices give them the opportunity to speed up to improve reliability.
22 Jan 2015
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