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14-07-2015

Crude Futures Start the Week with Heavy Volatility

Crude futures saw heavy volatility today but nonetheless settled softer since last close. Brent front-month contracts for August delivery were down nearly $2.00 earlier in the day but made a comeback and settled $0.88 cents lower since the last close. We expected the ICE market to tank completely today but it seems that Iran will need some more time before they come to an agreement on the nuclear deal. On the western front we saw WTI contracts for Au
14-07-2015

Standard Club Sees Increase in MARPOL Violations

The increase in the number of MARPOL fines is said to be especially common in the USA.
14-07-2015

Canada Launches Oil-Spill Preparedness Initiative

The program will target four coastal areas in Canada. The Canadian government
14-07-2015

Hambantota Port Set to Renew Bunkering services, Receive $400 Million Investment

Hambantota Port will reportedly receive a repair centre and renewed bunkering services in the "near future."
14-07-2015

Tankers Experiencing Lower Activity in Fuel Oil Trade from Asia

Poten & Partners says increased Asian refinery capacity has resulted in higher domestic supplies of fuel oil and is part of the reason oil tankers are seeing less activity in the region.
14-07-2015

Singapore Bunker Sales Show Continued Improvement

MPA data showed that there were 3,246 calls for bunkers in June 2015 Singapor
14-07-2015

New Tonnage Set for Far East-South America Routes Could Trigger New Box Rate War

Currently, a total of 137 handy neo-panamax containerships of 8,600-10,600 TEU are said to be on order.
13-07-2015

Island Oil Appoints Jesper Jervild as Head of Trading, Dubai & Singapore Offices

Jervild has some 23 years of experience in the industry Island Oil (Holdings)
13-07-2015

Industry Failing to Reduce Bunker Costs Due to Systemic Market Failures

The report suggests there is a disconnect between owners who are responsible for a ship’s technology and design, and the charterer who often buy the bunkers.
10-07-2015

Russian LNG Bunkering Vessels to Benefit from French Technology

Membrane containments systems may also be used in new Russians LNG plant. Thr
10-07-2015

W\u00e4rtsil\u00e4, MAN Diesel & Turbo and Winterthur Gas & Diesel to Lead Project for Ship Engine Efficiency

10-07-2015

WTI Slides to 3 Month Low

Today crude futures were mixed, early in the trading day Brent front month contracts for August firmed significantly reaching highs of $57.75 per barrel but ended up loosing nearly 80% of all gains by the end of the trading day. ICE contracts for August settled in the green up $0.20 cents from yesterdays close. WTI contracts for August continued on the slippery slope we have witnessed lately and softened by $0.68 cents settling at 3 month low of $51.65
10-07-2015

Maersk Line in $1.1 Billion Order for Another 9 Containerships

The deal is for nine 14,000 TEU containerships with an option for eight more.
10-07-2015

BAHRI Adds Five More VLCCs to its Order List

Bahri says it has signed a contract with Hyundai Samho Heavy Industries to build five VLCCs, bringing the company's total VLCC newbuild count to 10.
10-07-2015

First LNG Bunkering Operation at Eemshaven Port

The LNG-powered coastal tanker, Sefarina, received the LNG at Beatrixhaven, one of Eemshaven Port’s docking basins.
10-07-2015

Greek Financial Crisis: Capital Controls Leave Greek Shippers Struggling to Buy Bunkers

Capital controls have made it hard for smaller shippers to buy fuel and resources in other countries.
10-07-2015

China Offshore Oil Corp Takes Delivery of Asia's First LNG Only Powered Tug

Hai Yang Shi You 525 has undergone a successful sea trial. Hai Yang Shi You 5
10-07-2015

Singapore's Hin Leong in Surprise Gasoline Sale

Hin Leong is said to have sold 50,000 barrels of 92-octane grade gasoline to Unipec at $73.60 a barrel.
10-07-2015

Demand Surge Sees Atlantic Gulf Bunkering Expand MGO, ECA Product Availability

Atlantic Gulf Bunkering is based in Mobile, Alabama Alabama-based Atlantic Gu
10-07-2015

Crude Futures Bullish on Improvement in Chinese Stock Market

Crude futures were like a bull in a china shop today after the Chinese stock market saw some improvement. Furthermore, uncertainty with Tehran also helped drive crude futures into the green as many were expecting sanctions to be lifted in the near term. ICE contracts for August delivery firmed 3% by the end of the trading day settling at $58.61 per barrel while NYMEX contracts for August saw gains over 2% settling at $52.78 per barrel. There has been
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