Hong Kong: Extended Low Sulfur Incentive Scheme Will Help Shipping Industry Cope with Increased Costs During Transitional Period
Ships eligible for the scheme must not be local merchants ships and must not ply exclusively within river-trade limits
Dan-Bunkering: New Chief Representative, Relocations in Shanghai
Dan-Bunkering announced the relocation of Alex Qin and Yong Geng to the Shanghai office, with Qin as the new Chief Representative.
Djibouti Aims to Become "New Singapore or Dubai"
Djibouti hopes to capitalize on its location on one of the world’s busiest shipping lanes and access to the Suez Canal to become the gateway from Asia to Africa
Maersk Line Sets Updated 60% CO2 Reduction Target
The company's surpassed its previous target of 40 percent earlier this year.
W\u00e4rtsil\u00e4 Offers Complete Propulsion Packages Compatible with EALs for US Waters
The first vessels to be fitted with Wärtsilä’s VGP-2013 compliant propulsion package are four BigRoll MC Class module carriers
Surging Tanker Market Leads to Gains for Greek Player
Tsakos Energy Navigation reported that first quarter profit rose 156 percent compared to this time last year.
Gasoil Tanker Attacked by Warplanes
Anwar Afriqya was said to be carrying a 25,000 tonne gasil cargo
The Libyan o
Philippine Navy Commissions Its First Bunker Tanker
Originally known as MT Lapu-Lapu, the Navy says it will greatly enhance its replenishment capability
SCI Posts Fifth Consecutive Quarterly Profit
Negative impact from the weakening dry bulk market was partially offset by an improving tanker market.
Industry Insight: Where Are The World's Current and Planned LNG Bunkering Locations?
There are around 8,000 seaports located in around 200 countries. Of these, 46 ports are LNG hopefuls and a mere 15 open for general LNG bunker business today.
This chart shows general LNG bunkering capability, as distinct from any vessel, or service specific refuelling point. So it does not include the Viking Grace in Stockholm, Quebec Ferries, Washington State Ferries, nor TOTE's planned service in Tacoma.
Crude Futures Tank as the U.S Dollar Makes Significant Gains
Crude futures tanked today as the U.S dollar saw significant gains compared to other currencies.
Brent front-month contracts for July softened by $1.65 per barrels settling in at a cool $63.72.
WTI contracts for July softened by $1.69 per barrel settling at $58.03.
There seems to be concern that the consistent rising of crude prices these past 2 months would entice U.S producers to go online, which in turn would cause an excess supply.
U.S. Announces $1.3 million Funding for Vessel Emission Reduction and Alternative Energy Projects
Eligible applicants are U.S.-flagged vessel owners, operators, or sponsors.
Fathom Spotlight: Arctic Shipping Routes - What You Need to Know
Global warming and Arctic ice melt have received worldwide attention in recent years. The opportunity that receding ice presents for the shipping industry with regards to alternative voyage routes is enormous \u2013 ships are starting to utilise Arctic passages for much lengthier periods of time and the development of new passages which were previously unnavigable is driving shorter trading times and fuel cost savings.
sailing from Shanghai to Hamburg through t
KPI Bridge Oil "Thrilled" as Trader Rejoins in New York
Lana Rjedkin rejoins as Bunker & Lubricant Trader in New York
KPI Bridge Oil
Violators of New Hong Kong Low Sulfur Regs Face $200,000 Fine, 6 Months Imprisonment for Non-Compliance
The new fuel regulation will apply to any moored or anchored OGV at any berth in Hong Kong waters beginning on July 1, 2015.
Glander International Bunkering Hails Successful 1st Month as a Physical Supplier Offshore Brazil
Flavio Ribeiro, Managing Director of Glander International Bunkering, Brazil, says the shipping market is changing rapidly.
GAC EnvironHull Signs Hull Cleaning Contract with Statoil
GAC EnvironHull has signed a contract to provide underwater hull cleaning services to Statoil.
Durban Bunker Prices Soften As Supply Improves
Sources say bunker supplier Engen has started consistently quoting in Durban again.
Shore Power "Still a Valid Option", says Port
Crude Futures Continue Their Downward Trend
Today crude futures continued their downward trend as the U.S dollar maintained its position against other currencies.
The softening market today can also be attributed to speculation that there might have been an increase in U.S crude inventory's.
This picture will be much clearer tomorrow.
Brent July contracts softened $1.70 per barrel while WTI July contracts fell $.52 cents.
Bunkers were softer today in the primary ports and we can only hope fo