Heavy Volatility, Mixed Movements for Crude Futures
Crude futures saw heavy volatility during the trading day today as speculators expect a significant draw in U.S crude inventories\u00a0 this week.
Brent contracts for September delivery were down to $52.00 early in the day and spiked as high as $54.00.
Ultimately, Brent contracts settled down $0.17 cents per barrel since last close.
U.S light sweet crude pushed into the green today settling at $47.98 per barrel up $0.58 cents since yesterdays closing
No Floor in Sight as New York MGO Prices Slide to Multi-Year Low
New York has seen demand for MGO double, according to one local trader.
Singapore's Senat Shipping Says U.S. Sanctions For Alleged North Korean Connections Unfair
Senat was sanctioned for having ties to a North Korean company.
Ocean-Going LNG Bunker Barge Gets "Approval in Principle" from ABS
The vessel concept is designed by Crowley Maritime Corp. division Jensen Maritime.
Singapore: MPA Issues RFP for LNG Bunker Supplier Licence
The successful candidate will provide a complete bunkering supply and delivery solution.
Shanghai Launches Singapore Bunker Price-Linked Incentive Scheme for Shore-Power
OGVs that utilize shore-power when calling Shanghai will receive a flexible price discount based on Singapore bunker pricing.
Crude Futures Continue on a Downward Trend
Crude futures continued on the downward trend today following the momentum we all witnessed these last several weeks.
The Chinese stock market saw its biggest one day drop in nearly a decade today causing increased speculation on one of the worlds biggest oil consumers, this was coupled with data that surfaced Friday indicating that U.S producers ramped up drilling activity last week adding 21 rigs to production.
Brent front-month contracts fell over $
Ardmore Takes Delivery of Eco-Vessel
The Ardmore Chinook is the thid of four ships being delivered this year from Fukuoka Shipbuilding.
New London Cruise Terminal Receives Approval
The London City Cruise Port will reportedly be completed by 2017 and will be able to handle up to 60 cruise ships a year.
Lukoil Supplying Bunkers for Seaport Project
Sabetta seaport will be used to transport LNG from the $27 billion Yamal LNG plant, which is also under construction.
CMA CGM Takes Delivery of its Largest Containership, and the Biggest Ever Built in China
CMA CGM Vasco de Gama is the third in a total of six 18,000 TEU box ships for CMA CGM
$210 Bunkers on the Horizon? "This Market is Headed to $40 Before we go to $60 Again" says Analyst
Oil Slump Has Caused $200 Billion in Spending Delays: Wood Mackenzie
Over 45 projects worldwide are affected by oil and natural gas producers' reluctance to invest.
India Reduces Customs Duty on Bunkers
India says it will be reducing the customs duty on bunker fuels, a decision that is estimated to have a Rs. 57 crore ($8.9 million) impact per year.
Small Bunker Spill Reported After Bulker and Tanker Collide Off Shanghai
General cargo ship Jiang Xia Xiang Thursday capsized after collision with tanker Bai Chi.
Construction of Kerala Bunkering Facility Progressing
The government has revealed plans to shift 20 percent of road shipping to marine shipping.
No Sale for Singapore's NOL, Says Drewry
A lack of suitable buyers, unattractive assets, and no real urgency for a cut price deal mean a sale is unlikely.
Gener8 Maritime: Bunker Savings Potential Buoys Wall Street
Jefferies say Gener8's eco-VLCCs will provide big savings.
US-based crude oil
Another Russian Port Posts Improved Bunker Sales
Yeysk port bunker sales were reported to have risen almost 21 percent
New Money Means Tanker Market has Too Many Ships and Shipowners
Kim Ullman, CEO of Concordia Maritime, says the product tanker market is recovering but fragile.