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
Greek Debt Woes Push Rotterdam IFO380 Prices Under $300/mt
IFO380 hit a 2015 low of $241.50 pmt on January 22.
IFO380 prices in Rotterda
BIMCO: Dry Bulk Demos Will Ease Despite Record Start to 2015
The monthly scrapping average for H1 2015 is 3.3m DWT, a significant increase on the 1.33m DWT per month averaged in the period for 2014
Bunker Consumption "Vastly Different" Between Ships of Similar Designs
The most efficient crude oil tanker is about one-fifth as fuel-intensive as the least efficient, according to The New Climate Economy report
New Report: Improving Vessel Efficiency Could Save $200 Billion in Bunker Costs by 2035
The New Climate Economy report says total emissions could decrease from current numbers while shipping activity doubles if the entire global shipping fleet achieves the efficiency of 2011’s industry leaders by 2035.
Sulfur Regulations Improving Air Quality in Hong Kong, Report Says
Sulfur dioxide levels have reportedly decreased in the first week of new lwo-sulfur regulations.
Total Lubmarine Opens New Lubricant Blending Plant in Singapore
The new facility will reportedly boost Total’s lubricant supply in the Asia-Pacific region, said to represent more than 25 percent of the company’s lubricants sales.
Crude Futures Make Mixed Movements After Heavy Volatility
Crude futures were mixed today as both the Nymex and ICE markets saw heavy volatility.
WTI front-month contracts for August settled $0.20 cents lower than yesterdays close while surprisingly, Brent August contracts firmed $0.31 cents after falling nearly $2.00 per barrel during the trading day.
Ultimately the Iran talks and current Greek situation has undoubtedly led to a sell off.
It should be noted that the price hike's these past few months have e
Oil Prices Plummet Following USA Long Weekend
After the long weekend here in the USA crude oil prices took a smashing over worry in Europe and potential in Iran.
Greece\u2019s anti-austerity referendum could cause the already battered state to exit from the European Union causing negative effects to ripple across the regions economies.
Another significant factor pushing down on crude prices is the potential deal with Iran.
Speculators are beginning to understand the implications that will be bro
Asia-Europe Box Rates Surge
Asia-Europe market rate has risen to $879 per 20-foot container, a 60 percent increase from the previous week.
Tricks of the Bunker Trade: What Happens When Your Bunker Surveyor is Asked to Bend the Rules?
Throughout the Tricks of the Bunker Trade series so far we have shown you many malpractice techniques used by some on the unscrupulous players in the bunker industry. While there are many, many high quality and trustworthy bunker suppliers in the world, the danger of malpractice is still very real.
As such we can not stress enough how important it is to protect yourself against an expensive loss by always using a bunker surveyor when stemming bunkers. And with t
UK Royal Navy Reduces Fuel Usage 31%
Scottish politicians said that the fuel drop was indicative of less naval activity.
Singapore Oil Terminals Congested After Record Fuel Oil Trades in June
Over 50 tankers have been hired to store the excess oil.
A record of nearly 6
Brightoil Founder Sit Kwong Lam to Resume Position as CEO
Sit Kwong Lam will once again take over as CEO a little over a year after stepping down from the role.
Vancouver Bunkering Rule Change Clarified
Ship & Bunker has confirmed a recent spill was unrelated to bunkering.
Low Bunker Prices Good For Some, Bad for Others as Shipping Industry Confidence Crashes to Equal All Time Low
Moore Stephens' Shipping Industry Confidence is equal to its all time low
Fjord Line Planning for General LNG Bunkering as Operations Begin at Denmark's First LNG Terminal
The facility will be operated by Fjord Line and will help bunker the company's two LNG cruise ferries.
MOL Makes "World First" Order for Methanol Powered Carriers
The carriers will be built by Minaminippon Shipbuilding.
Japan's Mitsui O.S.K
Exmar And Fredriksen Combine Assets in New LNG Venture
Exmar will transfer its LNG assets to a newly renamed Fredriksen-controlled company in exchange for a controlling stake.
Statoil and Lietuvos Energija to Develop LNG Supply Business for Baltic Sea