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06-02-2017

Crude Falls Again Amid Suggestions That OPEC Cutback Deal Isn't Enough to Revive Market

As West Texas Intermediate on Thursday dropped in price by 34 cents to settle at $53.54, analysts suggest that the Organization of the Petroleum Exporting Countries' (OPEC) cutback agreement – which earlier this week was heralde
31-01-2017

Western Australia Trade Routes the "Perfect Place" to Drive Transition to LNG Bunkers, Says Woodside

Woodside says trade routes from northern Western Australia are the "perfect place" to drive the transition to LNG bunkers.
30-01-2017

Troubled Rickmers Maritime Sells Vessel

RMT says it has entered into an agreement for the sale of the vessel Kaethe C. Rickmers.
27-01-2017

Trump Tax Reforms Could Cause Oil Production Surge: Goldman Sachs

Goldman Sachs believes Trump's proposed tax reforms may result in a 25 percent upward surge of West Texas Intermediate futures
26-01-2017

New Large Capacity Tanks to Support China's Uptake of LNG Bunkers

CIMC Enric has designed large-capacity LNG tanks intended to support the uptake of LNG as fuel.
25-01-2017

Trump's America Energy First Plan Greeted Politely by OPEC, Russia

Trump is the latest in a long line of U.S. presidents vowing to promise energy independence.
25-01-2017

Yang Ming Recapitalisation Plan to Utilise Taiwan Government Funds

Yang Ming Monday announced it has implemented a recapitalisation plan. Yang M
24-01-2017

Giuseppe Bottiglieri Shipping Requests Court Protection From Creditors, but Says It Has No Problems Making Payments

Italy's Giuseppe Bottiglieri is seeking protection from creditors while completing the process of restructuring its business.
23-01-2017

Hammonia Vessel Ready to Use Alternative Marine Power at Hueneme

Sealand Los Angeles can now use AMP while at the Port of Hueneme. Germany-bas
23-01-2017

3 Mins Daily Market Report

Oil prices edged up on Monday, supported by statements from oil producers over the weekend that a output cut was being successfully implemented, but markets were held back by a surge in drilling that suggested U.S. output would rise further. Brent crude futures, the international benchmark for oil prices, were trading at $55.57 per barrel at 0016 GMT, up 8 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 8 cents at $53.30 a barrel. U.S. energy compan
20-01-2017

SENER Takes "Revolutionary" LNG Bunker Vessel Design to Amsterdam

Sener will present its bunkering vessel design at the LNG Bunkering Summit 2017.
20-01-2017

3 Mins Daily Market Report

U.S. oil climbed for a second day on Friday underpinned by expectations of tighter supply, but prices remained in a range as they were pressured by rising U.S. inventories. U.S. West Texas Intermediate (WTI) crude oil futures were trading up 20 cents at $51.57 per barrel at 0038 GMT. Brent crude was yet to trade. The International Energy Agency (IEA) said that while it was "far too soon" to gauge OPEC members' compliance with promised cuts, commercial oil inventories in the developed world
19-01-2017

3 Mins Daily Market Report

U.S. oil on Thursday moved away from one-week lows touched the session before, with investors turning their attention to upcoming government data on U.S. inventories. Sentiment in oil markets has been torn between expectations of a rebound in U.S. shale production and hopes that oversupply may be curbed by output cuts announced by the Organization of the Petroleum Exporting Countries (OPEC) and others. U.S. West Texas Intermediate (WTI) crude oil futures were trading up 38 cents at $51.46
18-01-2017

Bureau Veritas Extends Congratulations as Seaspan's New Dual-Fuel Hybrid Ferry Enters Service

SFC's new vessel Seaspan Swift has entered service. Bureau Veritas (BV) has c
18-01-2017

Constortium Secures Funding for Development of Fuel Cell Tech for Marine Applications

PowerCell has been granted EU funding for the development of a fuel cell system for marine applications.
18-01-2017

3 Mins Daily Market Report

Crude oil futures edged higher on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output. U.S. West Texas Intermediate (WTI) crude oil futures were trading up 3 cents at $52.51 per barrel at 0058 GMT. Brent crude oil, the international benchmark for oil prices, was up 4 cents $55.51 a barrel. The dollar was trading near its lowest in six weeks against a basket of currencies after U.S. President-elect Donald
17-01-2017

3 Mins Daily Market Report

Oil edged up on Tuesday after Saudi Arabia said it would strictly adhere to a commitment to cut output, but worries in financial markets about the outlook for crude supply dragged on prices. U.S. West Texas Intermediate (WTI) crude oil futures were trading up 15 cents at $52.52 per barrel at 0034 GMT. Brent crude futures, the international benchmark for oil prices, were yet to trade. Traders said the slight increase in U.S. prices came after Saudi Arabia, the world's biggest exporter of
16-01-2017

Denmark Moves to Increase Foreign Inspections on Danish-Flagged Vessels

DMA says the number of control inspections on Danish-flagged ships abroad will be increased to 60 in 2017.
16-01-2017

IMO Secretary-General Receives Support on EU ETS Position from Intercargo

INTERCARGO has expressed its "full support and total alignment" with IMO concerns over EU's ETS.
16-01-2017

3 Mins Daily Market Report

Oil prices inched up on Monday, supported by a weaker dollar and expectations that OPEC and other producers will cut output as part of a deal to curb global oversupply. Brent crude futures, the international benchmark for oil prices, were trading at $55.64 per barrel at 0344 GMT, up 19 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 17 cents at $52.54 a barrel. Traders said that prices were buoyed by a weakening dollar, which makes fuel purchases ch
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