MARAD Announces Vessel Fuel Cell Technology Test
The TS Kennedy is used by the Massachusetts Maritime Academy
The U.S. Maritim
Port of Dunkirk Announces Partners for LNG Bunkering Project
The port will be the first ECA port to offer efficient LNG bunkering.
Port of Antwerp Releases RFP for LNG Bunker Station Operator
Currently, only truck-to-ship bunkering is available at Antwerp
Update 2: OW Bunker Shares on Matching Halt, Market Awaits "Significant Announcement"
OW Bunker was first listed on the on the Nasdaq OMX Copenhagen in March
OW Bunker Hit By $125 million Fraud at Singapore Subsidiary, $150 million Mark to Market Loss
Risk Management and EVP Jane Dahl Christensen dismissed as a consequence of the risk management loss.
Oil Bounces Back
Oil markets reversed the slide for at least one day as the build in U.S. inventories was much less than expected.
Analysts were anticipating a gain of more than 2 million barrels but bolstered refinery utilization rates capped the increase at under 500K.
Election Day has renewed energy in the Keystone pipeline debate as a swing in the Senate majority may favor a shift in energy policy.
Meanwhile, an attack on the western oil fields in Libya hampered the coun
Navigator Orders New Fuel-Efficient LPG Carriers
Navigator is expecting delivery of 13 newbuild ships by March 2017
Cape Verde's ENACOL Installs MFMs on its Bunkering Vessels to Increase Transparency, Reliability
ENACOL has fitted MFMs on its bunkering vessels Baia and Dragoeiro
CMA CGM Lowers Fuel Costs Through Ship Retrofits
The new bows also cut down on emissions.
French carrier CMA CGM is in the pr
WTI Hits 3 Year Low
Oil prices continued their precipitous price decline today as WTI reached a three year low.\u00a0
There is now talk of market share wars between the various members of OPEC and other non-member countries.\u00a0
This should signal that prices have not reached the bottom yet.\u00a0
While this decline may continue to take time, it is reasonable for prices to move to territory we have not seen since shortly after the financial crisis of 2008.\u00a0
These are f
MAN Diesel & Turbo to Supply Dual-Fuel Engines for World's First LNG Powered Car Carriers
The engines combine gas injection with slow steaming
MAN Diesel and Turbo (MA
Port of Tallinn Orders Four LNG Ferries
The port's operator said that the ships will continue to run on diesel until LNG infrastructure is in place.
Sohar Welcomes Welcomes Move to Bring GAC Hull Cleaning Robots to the Port
HullWiper is quicker and cleaner than using divers
Andre Toet, CEO at Sohar P
Kirby Reports Record Results Despite Lower Bunkering Revenues
Kirby said a customer change had hit its Florida bunkering operation
Canadian Shipowner Gets Scrubber Systems Approval
The system will be installed on eight Equinox-class ships.
Rolls-Royce Singapore Says Government Should Help Break LNG Bunkering "Chicken and Egg" Conundrum
Plans are said to be underway for LNG bunkering at Singapore
Malaysian Bunker Player Expands Operations, Eyes 150% Growth
TMD began bunkering operations at Kemaman Port in 2010
Malaysian bunker playe
Crude Prices Hit a New Two Year Low
Saudi Arabia announced that it would be cutting its selling price for oil sending crude prices to a new two year low late in the trading session.
Some are anticipating a global price war to ensue but others believe the Saudi's are just trying to protect their market share.
What is clear is that the market remains well supplied.
Keep an eye on weekly U.S. inventory figures and U.S. employment data coming out later this week.
Bunker buyers should consider pu
LNG Supply Tight Until 2016
New LNG projects in the U.S. Australia, Russia and possibly East Africa are expected to stabilize LNG supply after 2016.
Surcharges Drop as Oil Prices Fall
Motsick said CMA CGM and OOCL recently reduced their fuel surcharges