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16-06-2015

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 (
16-06-2015

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
16-06-2015

German Scrubber Company to Install System Aboard Tanker

Babcock Noell's system will be installed aboard Carl Bu\u0308ttner's MT Aurelia.
16-06-2015

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. Asia-Europe s
16-06-2015

Almost Half of Tankers Not Ready For New July 2015 SOLAS Regs

Thomas Mellor, Head of OEM Technical Support and Digital Standards at UKHO. A
16-06-2015

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.
16-06-2015

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.
16-06-2015

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.
16-06-2015

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
16-06-2015

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
08-06-2015

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
08-06-2015

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
08-06-2015

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."
08-06-2015

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.
08-06-2015

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.
08-06-2015

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
08-06-2015

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.
08-06-2015

OPEC Maintains Output Ceiling at 30 Million Barrels Per Day

OPEC noted "continued concern over market volatility" The Organization of the
08-06-2015

Cruise Season Pushes Up MGO Demand, Prices in Vancouver

Product for the cruise season is generally supplied on a term contract basis
08-06-2015

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.
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