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06-08-2015

Oldendorff Carriers Says 2015 "Better Than Expected" for Dry Bulk

In a challenging dry bulk market, Oldendorff Carriers says that it has had a more profitable than expected 2015.
06-08-2015

Singapore-Listed Samudera Shipping Says Q2 Profit Decline Cushioned by Cheaper Bunkers

OVerall revenues dropped 16.1 percent to $81.3 million. Falling freight rates
06-08-2015

No Growth in Singapore Bunker Market, Poor Demand Outlook Herald "Fundamental Change" to Asia Fuel Oil Market

Thomson Reuters says the fuel oil trading community and storage operators are operating in an increasingly challenging environment
06-08-2015

Petrobras Intends to Sell 25% of its Fuel Distribution Unit

Petrobras is said to be looking to sell a quarter of its fuel distribution unit, BR, in a Brazilian IPO.
06-08-2015

New Fujairah Refinery Faces Delay

IPIC's planned refinery in Fujairah on the Gulf of Oman has faced set backs and is now expected to be completed by the end of 2018.
06-08-2015

Low Bunker Prices Keep Asian VLCC Earnings Strong Despite Tumbling Rates

Low bunker prices have allowed VLCC vessel owners have to maintain daily earnings alongside dwindling rates.
05-08-2015

Crude Futures Firm, but Brent Stays Under $50

Today crude futures firmed following yesterdays sell-off. The U.S dollar weakened today making commodities backed in U.S currency more attractive for holders of other currency, this was paired with volatility in the Chinese equities market which also took significant losses yesterday. Brent contracts for September delivery rose $0.47 cents settling at $49.99 per barrel while WTI contracts for September firmed $0.57 settling at $45.74 per barrel. Bunk
05-08-2015

Caterpillar Completing Dual Fuel LNG Conversion on Furetank Rederi Tanker

Caterpillar says it is completing a dual fuel engine retrofit conversion for Furetank Rederi’s 472 foot tanker, Fure West.
05-08-2015

Panama Bunker Sales Hit 2015 High, Jump 42% Year-on-Year

About 223,300 mt was sold on the Pacific coast, and 87,000 mt was sold on the Atlantic coast.
05-08-2015

Bunkers and Currency Drive RCL's Q2 Earnings Increase

The company anticipates full year earnings of almost 40 percent above 2014. R
05-08-2015

Tanker Boom "Even Stronger" than Predicted

Tanker market earnings in the oil and crude segment have surprised international shipping analysts by "significantly" exceeding forecasts.
05-08-2015

Diana Containerships Boosts Fleet Capacity, Net Income

The containership specialist also earns a Strong Buy ranking from Zacks. Dian
05-08-2015

Smaller Ports Feeling the Effects of Mega-Containership Demand

The industry trend towards mega-ships has led container traffic to move away from smaller ports that cannot handle large vessels.
04-08-2015

CSCL Boosts Its Fleet With Another Eight Containerships

The total cost of the new builds is estimated at  $934.4 million. Eight new 1
04-08-2015

Battle Over Cruise Terminal/Shore Power Sent to Appeals Court

South Carolina Supreme Court rejects a request by the state's port authority to hear the case.
04-08-2015

New York RMG Demand Weak as Shippers Turn to RMK

RMK, which is reportedly growing in popularity in New York, is said to be more cost efficient compared to RMG.
04-08-2015

Finnlines' Efficiency Measures Help Secure Solid First Half of 2015

Finnlines says that it is strengthening its long-term strategic position through the acquisition of three vessels and investment in environmental technology.
04-08-2015

Iran to Boost Oil Output "Within a Day After the Lifting of Sanctions"

Bijan Namdar Zanganeh says production will return to the level of 3.8-3.9 million barrels within the next few months
04-08-2015

OPEC Output Drops in July After Iraq Fails to Repeat Record June Highs

Iraq is OPEC's second biggest producer. The July output of the Organization o
04-08-2015

Canada Provides Further Funding For Shore Power Projects

The Government of Canada has announced new funding for the installation of shore power at the Port of Montreal.
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