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
Overlapping Maritime Enforcement Jurisdictions May Cause Confusion for Shippers
In particular, the EPA and Coast Guard have some conflicting jurisdictions.
Raising Bunker Costs, Charter Rates Poised to Squeeze Carriers
Repeated attempts to apply general freight rate increases have largely failed.
Saudi Arabia's Fuel Oil Surplus to Fall 30% This Year
The country's domestic demand for oil products is expected to rise this summer.
Glander International Bunkering's Longest Serving Team Member Takes the Helm in India
Ajay Menon, newly appointed as the Managing Director of GIB’s Mumbai office, is also is the longest serving employee of the GIB Group.
CWR: Charterers Representing 20% of Global Shipped Tonnage Shun Inefficient Vessels
Carbon War Room sats that charters are using the GHG Emission Ratings to determine vessel efficiency.
Better Port Scheduling Would Reduce Fuel Consumption, Vessel Emissions
Aktas calls for ports to review and update their communication systems to better coordinate with ships on port times
Stolt-Nielson Predicts Weak Chemical Tanker Market for the Next 3 Years
Jens F. Grüner-Hegge, Vice President of Corporate Finance at Stolt-Neilsen, says there are too many ships and not enough cargo.
Niche Carriers Can Still Thrive on East-West Trade: Drewry
The consultant say niche carriers can thrive if they remain modest in size and offer a superior product.
Lukoil Bulgaria to Supply Bunkers for Black Sea Pipe-Laying Ships
Diesel fuel and minor volumes of heavy fuel oil will be delivered to the pipe-laying fleet by Lukoil Bulgaria beginning in June 2015.
BP Deal Sees Sinopec Resume Supply of Bonded Bunker at Shenzhen: Source
Fuel will be transferred from other ports to Shenzhen until the bonded oil tank farm in Huizhou is in operation in next year
Fathom Spotlight: MEPC 67, An Insight - Part 2: Air Pollution
MEPC 67 took place at the IMO headquarters in London
Last month saw the international shipping community gather for the Marine Environment Protection Committee's (MEPC) 67th session held at the International Maritime Headquarters (IMO) in London.
In the second of a three part Fathom Spotlight, we report from MEPC 67 and delve into the issues and concerns raised throughout the week.
The Definition of Black Carbon
The Sub-Committee on Polluti
IBIA Launches Port Charter for Better Quality Bunkers
Jørgensen said the move is key to a robust supply chain
The International Bun
Singapore, Malta Bunker Venture Moves Forward
Malta is a foothold for the venture within the EU
Malta Enterprise yesterday
APM Cancels New Jersey Joint Venture
The port project was originally announced early this year.
APM Terminals has
LNG Market Seeing "Temporary Glut" Says Gas Natural
Demand for LNG is expected to remain steady into the future.
The liquefied n
Lower Bunker Costs Could Help Maersk to Surpass Profit Expectations
Benefit to Maersk Line said to outweigh impact on Maersk Oil
South Korean Port Mulls LNG Bunkering
Ulsan expects demand from increased number of LNG ships
The City of Ulsan, So
Japanese Yard Wins Eco-Ferry Order
The ferries will operate on the Oarai to Tomakomai route.
Shipbuilder Japan M
Three New Ports Planned for Indonesia
The ports are planned for Tanjung Api-Api, Sorong and West Kalimantan.