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Crude Futures End Thursday in the Red

Crude futures ended up in the red today following yesterday's momentum. The uncertain sentiment of a Greek deal has caused the commodities market to decline; this was coupled with a rise in oil in the U.S inventories. Brent front month contracts for August delivery traded down $0.30 cents settling at $63.20 per barrel while WTI contracts for August delivery softened $0.57 cents to settle at $59.70 per barrel. The following few weeks should be interes

Oakland Attributes Reduction in Diesel Emissions to Shore Power

Between 2005 and 2012, 151 tonnes of particulate matter were eliminated from vessels

Reports: COSCO Order for 20,000 TEU Capacity Containerships Confirmed

It has been noted that the deal will elevate COSCO above 1 million slots for the first time.

Carnival Slashes $194 million from its Q2 Bunker Bill as Earnings More Than Double

Fuel prices net of derivatives and currency is expected to reduce Carnival's third quarter earnings by $0.06 per share.

Odfjell Exits European Short Sea Market

The vessels are reportedly being divested as a part of the Odfjell’s cost-cutting and efficiency programme, which includes exiting from unprofitable trades.

Rosneft Signs Fuel Oil Supply Deal with Egypt

The agreement was signed at the St. Petersburg International Economic Forum.

Carriers Paying to Ship Customers' Boxes as Asia-Europe Freight Rates Fall Below Fuel Costs

Operators are now reportedly shipping at a loss, with box rates below what it costs to ship a container.

DNV GL, VPS Team Up to Show How Bunker Quality Impacts Vessel Performance

Dr. Torsten Büssow, Head of Fleet Performance Management at DNV GL – Maritime

UK Supplier Looks to Provide Buyers With More Certainty Over Future Bunker Prices

The company said that it is aiming to provide owners and operators with more certainty on future fuel prices.

EIA to Study ECA Impact on Bunker Demand

The EIA says it has contracted with Leidos to study the impact on ocean-going vessel fuel usage of ECAs in North America and the Caribbean

Bunkering Continuing At Tauranga While Pipeline Stays Closed

The pipeline was shut down earlier this year after an oil spill occurred while Mobil was refueling a ship.

MMEA and RMN Widen Search Area for Orkim Harmony, 3 More Aircraft Deployed to Assist

Deputy director-general Vice-Admiral Maritime Datuk Ahmad Puzi Ab Kahar said Tuesday that three aircraft have been added to the search.

Orkim Harmony: MMEA Says Shipowner Waited Too Long Before Alerting Authorities to Tanker's Disappearance

Deputy director-general Vice-Admiral Maritime Datuk Ahmad Puzi Ab Kahar says Orkim only notified authorities 10 hours after they lost contact with Orkim Harmony.

Traders: Singapore Set for a Bunker Price War, Market is Flooded with Oil

The retreat in marine fuel prices has reportedly been spurred on by Singapore inventories that are at their highest since 1999.

Brightoil Entering E-Commerce

The company said that it was in conceptual stages of planning an e-commerce company based on its oil and gas assets.

14 Arrested as Monjasa, Glencore Accused of Illegal Bunkering

Nigeria has charged 14 foreigners, MT Anuket Emerald, Monjasa DMCC, and Glencore Energy UK Limited with illegal oil bunkering - image released by the Economic and Financial Crimes Commission

ECA Fuel Compatibility Issues Sees BIMCO Amend Bunker Fuel Clause

BIMCO’s Documentary Committee amended their Bunker Fuel Sulphur Clause for Time Charter Parties 2005 when the group met on June 3.

SeaRoad Shipping Says Novel LNG Bunkering Solution Was "Met with Dismay"

The LNG bunkering concept provides for LNG road tank trucks to be directly loaded onto the newbuild vessel during normal loading operations.

Hapag-Lloyd Says its Centralised Fleet Routing Ssytem Helps Reduce Bunker Consumption

Fleet Support Center uses special software to monitor all vessels owned and chartered by Hapag-Lloyd. 

Satellite Companies Sign Deal For Real-Time Monitoring of Vessel Emissions, Fuel Consumption

ExactEarth will install its ship-monitoring technology on 58 of Harris Corporation's new satellites.
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