Shipping Confidence Begins Improving in Second Half of Year
May 2015 had previously seen confidence sink to all-time lows.
Cepsa Unveils 3 New Emissions Focussed Marine Lubes
Cepsa has announced the release of three new lubricants for use in slow-speed two-stroke crosshead engines of large ships.
Aerial Survey Underway for Nicaragua's Panama Canal Alternative
HKND IS led by billionaire Wang Jing
HKND Group (HKND) says Australia's\u00a0
New Software Aims to improve Fuel Efficiency, Reduce Unnecessary Maintenance
The software was developed by a UK-based James Fisher Mimic and Lancaster University.
Green Credentials of LNG Bunkers Questioned
A University of Delaware professor said that more attention needed to be made to the amount of GHG released during natural gas extraction.
Mega Boxship Fuel Savings Due to Slow Steaming, Not Size
The OECD said that more than half of the fuel savings generated from larger ships were due to design changes for slower speeds.
New Malaysia Storage Terminal Already Fully Leased for Fuel Oil
The new storage capacity was brought online in August
The second phase of VTT
Reports: Hapag Lloyd IPO Set For Mid-November
The company is expected to sell 20 percent of its shares on the Frankfurt exchange.
Floating Storage on the Rise as Singapore Sees Record High Fuel Oil Stocks
Seven VLCCs are said to have been fixed for fuel oil storage on short-term time charters due to high stocks and a slowing demand in Singapore.
Maersk Orders 9 New MR Tankers
Maersk Tankers has placed a $300 million order for nine new 49,940 DWT capacity MR vessels.
Singapore JV Secures Finance for 2 New LNG Tankers
BW Pavilion LNG has secured a $360 million loan to finance the construction of the company's two new LNG vessels.
ICS: Shipping's Fuel Efficiency Measures are Providing Genuine Reduction in Emissions
The ICS said that global emissions from the shipping sector have decreased 10 percent since 2007.
Cracked Lock Means "Likely" Delay for Panama Canal Opening
Manuel Benitez, deputy administrator of the Panama Canal Authority, saus a delay to the opening "is likely"
Goldman Sachs: Oil Prices to Stay Low for 15 Years
Jeffrey Currie, head of commodities research, Goldman Sachs, puts the long term oil price at $50 a barrel.
Press Release: BMS United Bunkers Warns on Name, Logo Similarities With New Asia Based Player
BMS United Bunkers previously operated in Asia under the name\u00a0"United Bunkering & Trading (Asia) Pte Ltd" ("UBT"):
It has recently come to our attention that another company has started operating in the bunker industry under an almost identical name \u2013 "United Asia Bunkering & Trading", with several ex-employees of UBT. The said company's colour scheme and logo also bear a resemblance to that of UBT's:
Due to the s
OW Trustees Await Final Court Ruling Over Disputed Fuel Claims
London's Court of Appeal will likely determine whether numerous competing claims on payment on fuel will go to the OW Bunker estate or to other oil suppliers.
Panama to Receive LNG Bunkering Facility
Andrés Gluski, President and CEO of AES, says the company will develop a power plant, LNG storage tank, and regasification facility in Panama.
Iran Ramping Up Oil, Product Export Activity Ahead of Sanctions Lift
South Korea's vice-minister of trade, industry and energy Jae-do Moon says South Korean companies are "seeking more business opportunity with Iran."
China Fuel Oil Imports May Decline by Nine Percent in 2016
Almost 700,000 barrels per day (bpd) of crude oil has been purchased by small, independent buyers outside the state-owned sector
Aegean Renews its $1 Billion Borrowing Base
Aegean was said to have received improved terms reflecting market conditions