Ship & Bunker - World News

Carnival Lowers Its 2017 Bunker Price Forecast

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Carnival had previously forecasted bunker prices of $374 pmt, but this expectation has been lowered to $362 pmt in the group's Q1 2017 report.

Salvage Industry Not Ready for LNG-Fuelled Ship Casualty, Says Expert

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Sylvia Tervoort, Salvage Master at SMIT Salvage, says a LNG-fuelled ship could only be salvaged if it is dry and intact.

Arrested Suezmax Tanker Put up for Auction in Singapore

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The 1997-built Ambassador was arrested on January 19, 2017 following action by Gurbani & Co LLC.

Less Than Anticipated Inventory Build Causes Market Surge - and New Fears of Looming Supply Crunch

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But Woodside still thinks the market will be range-bound for at least 18 months.

Recalcitrant OPEC Members Pitch in To Up Oil Production Curbs, But Nigerian Exports Set to Rise in May

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It also remains unclear whether the OPEC cutbacks will extend to the end of the year.

New Tech to Expedite Oil Spill Clean Up Tested in U.S.

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The tests are said to have demonstrated the technology's potential to "become an effective tool for minimising the environmental impact of future oil spills."

France Seeks Mediterranean ECA, Say Sources

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France is reported to have called for the creation of an ECA in the Mediterranean Sea at a European Council meeting earlier this month.

Baltic Dry Index Gains Almost 30% in 3 Weeks to Hit Highest Levels in Over Two Years

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The Baltic Dry Index gained 51 points Tuesday to reach 1333, the highest the index has been since November 2014.

World Fuel Services Starts Bunker Supply at Texas Terminal

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WFS says its exclusive agreement to supply marine fuel at the Sunoco Logistics Nederland Terminal in Texas is now fully operational.

SEA\LNG Adds Another Three Members

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JAX LNG, Petronet LNG, and Toyota Tsusho have become the newest members of the cross-industry coalition aimed at promoting LNG as marine fuel.