Teekay Launches LNG Ship with "the Lowest Unit Freight Cost in the World Fleet"
The Creole Spirit was floated out on May 29
Canada-based Teekay Corporation (
Crude Futures Cool on Yemen Peace Talks
Crude futures sank today on peace talks being initiated by Ban Ki-Moon for the Yemen conflict that has been on the back burner for quite sometime.
Further driving down prices was the firming U.S dollar; making it less appealing for buyers of other currency to purchase commodities priced by the green back.
Headlines have started to hit the papers stating that by June 30th, final negotiations with Iran could be lifted which would completely sink the mark
German Scrubber Company to Install System Aboard Tanker
Babcock Noell's system will be installed aboard Carl Bu\u0308ttner's MT Aurelia.
Goldman Sachs Links Weak Rates to Decline in Bunker Prices as Asia-Europe Spot Rate Plunges Below $250
Rates on the Asia-Europe route hit $243 per TEU late last week.
Almost Half of Tankers Not Ready For New July 2015 SOLAS Regs
Thomas Mellor, Head of OEM Technical Support and Digital Standards at UKHO.
Carnival to Build World's Largest Capacity Cruise Ships, Power Them Using LNG Bunkers
Carnival has signed a contract with Meyer Werft to build four cruise ships, all featuring a "green cruising" design and powered by LNG.
OW Bunker Almost Bankrupt During 2008 Oil Price Collapse, "Should Never Have Been Listed" Says Former Risk Manager
Kenneth Rosenmeyer says he lost OW Bunker some $45 million when the price of oil collapsed after hitting its all time high in July 2008.
Ports of Auckland Welcomes New 10-Year Bunker Vessel Charter Agreement
The partnership between Seafuels and Z Energy was called "essential" to the continued success and growth of Auckland's port.
Orkim Harmony: MMEA Says Bunker Pirates Likely "Still Looking for the Logistics to Transfer the Oil to Their Client"
Deputy director-general Vice-Admiral Maritime Datuk Ahmad Puzi Ab Kahar says the highest possibility is that the tanker was robbed by pirates
Singapore Bunker Volumes Hit 13 Month High as Sales Surge Continues
May also saw the port receive 3,497 calls for bunkers, the highest since at least the start of 2011
Bunker Saving Waste Heat Recovery System Gains Class Approval
Calnetix Technologies says the company's Hydrocurrent waste heat recovery system has been evaluated and approved by Lloyd's Register and ClassNK
ABB: New Turbo Charges Help Engine to Give "Six Figure Savings on Fuel Annually"
The second generation Power2 800-M is said to enable significant savings on fuel and 60 percent reduction in NOx emissions
Scorpio Bulkers Says it Must "Face the Music" as it Unloads 5 More Newbuilds for $236 Million
Emanuele Lauro, co-founder, chairman, and CEO of Scorpio Bulkers says Dry cargo was "definitely a big bet."
PwC, KPMG and ING Sign Agreement on OW Bunker Middle East Assets
All recoveries of OW Bunker receivables will be paid into ING accounts specified by PwC.
Aegean More than Doubles Operational Capacity in Vancouver with Addition of Newbuild Bunker Barge
PT40 has a capacity of 3,600 metric tonnes and pumping rates of 450 metric tons per hour.
Crude Prices Continue to Plummet As Iran Says OPEC Needs to "Make Space" for its Increased Production
Bijan Namdar Zanganeh, Oil Minister for Iran, told OPEC to "make space" for additional production once sanctions against Iran are lifted
Oz Sulfur Regs Will Have "Serious Impacts" on Cruise Industry, Says Industry Group
The Australian Coast guard has also brought up the possibility of ships losing power due to the fuel switchover process.
OPEC Maintains Output Ceiling at 30 Million Barrels Per Day
OPEC noted "continued concern over market volatility"
The Organization of the
Cruise Season Pushes Up MGO Demand, Prices in Vancouver
Product for the cruise season is generally supplied on a term contract basis
Armed Bunker Pirates Strike Again Off Malaysia as 2 Vessels Targeted in Within a Week
A product tanker widely understood to be Orkim Victory had part of its oil cargo transferred and stolen.