Oil price in free fall
The oil price continued its dramatic fall this past week and has now dropped below the magic threshold of USD 50 per barrel. Carriers are saving huge sums on fuel, but the sliding price could increase overcapacity in the fleet.
Ultrabulk: Oil slide kindles overcapacity problems
SeaIntel: Farewell to slow steaming with oil price of USD 50
The low oil price has now reached the Danish yards
Trading houses book supertankers for oil storage
Maersk puts Greenland oil hunt on hold
The OW Bunker drama
The drama at OW Bunker continues, not least in terms of the future court battle to settle the bankruptcy. And the OW collapse has now claimed its first major victim as Belgian bunker company Wiljo is forced to file for Chapter 11.
OW Bunker loss forces Wiljo to Chapter 11
Aegean takes over ships from OW Bunker in Hamburg
Investors prepare giant claim against OW Bunker management
The dry bulk nightmare
The global dry bulk industry experienced a horrendous finish to 2014. The coming year could become another long walk in the desert for the struggling carriers.
Weak share prices could send carriers off Nasdaq
US bulk giant preparing to issue shares
Chinese investment boom could lift bulk rates
Fatal wreck shocks dry bulk and marine insurers
Clipper establishes new Supramax dry bulk pool
Clipper has sent a ship to be scrapped on the beach of Alang in India, and perhaps improved conditions are underway in spite of the controversial and much-discussed conditions for workers on the beaches.
World's No. 1 scrap dealer recommends Alang
NGO on Clipper's decision: Alang is never okay