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Drewry: Shipping Alliances Mean Greater Choice, Lower Freight Rates
Jan 29, 2015 ... of big ships will see them lose market share and lose ground on slot costs. "Being in such an obviously weaker position risks them having to become price-takers in order to fill their ...
US Shipper Wins ECA Exemption During $18 Million Scrubber Retrofits
Jan 13, 2015 ... which are multiple inlet hybrid systems, are designed and supplied by Alfa Laval Aalborg Nijmegen BV, and were said to be the first of its kind for a Jones Act container vessel. Installation is ...
Oil Traders Hiring Old Supertankers for Long-Term Floating Storage
Jan 12, 2015 ... at sea until prices recover, reports Reuters.  Companies such as Vitol Group, Trafigura Beheer BV, and Royal Dutch Shell plc have reportedly been able to hire VLCC's for around $40,000 per day, ...
OW Bunker: From IPO to Bankruptcy - Part 2, Fall Brings Bad News
Jan 8, 2015 ... on derivatives in Q3 2014 will be balanced later by the physical part of the business? The obvious explanation of the omission about the physical business can be only one: the volume of ...
Collapsing Oil May Force Maersk to Close Some Oil Sites
Dec 26, 2014 ... at sites where production costs are low.  "As all costs, except taxes, are fixed it is obviously something we have to take very seriously," Andersen said. Maersk Oil produced 238,000 ...
Reports: OW Bunker, Altor Colluded to Hide Speculation at Collapsed Fuel Trader
Dec 17, 2014 ... is certainly no doubt that speculation was greater than when we went into it, and it obviously affects the assessment, we have given the company. "We had a meeting with management, ...
Tankers Install Thermal Insulation on Bunker Tanks to Ready for 2015 ECA Rules
Dec 15, 2014 ... through life inspection." General Dynamics NASSCO Thursday signed a deal with Braemar LNG BV to licence designs for use on Liquefied Natural Gas (LNG) fuel ...
Braemar Signs LNG Bunker Tanks Deal
Dec 12, 2014 ... Dynamics NASSCO Thursday announced it has signed a deal with Braemar LNG BV (Braemar) to allow Braemar to use its patents in the design and construction of LNG marine fuel tanks. Braemar ...
OPEC Cuts Projection to Lowest Demand in 12 Years
Dec 11, 2014 ... two weeks of an OPEC meeting; they've got to stick it out for at least a quarter to make it obvious that non-OPEC can't rely on high and stable prices," said Paul Horsnell, head of commodities ...
Oil Rebounds, but Bunkers Dip Below $400 MT
Dec 1, 2014 ... in the primary ports we actually saw bunkers below $400 MT.  By mid-morning, however, it was obvious that the market did not like the large decline from Friday and was pushing levels ...