This week's top stories on ShippingWatch

The declining oil price fell below USD 50 causing repercussions in the entire maritime industries in the past week. Meanwhile, the OW Bunker drama continued alongside the discussion about shipbreaking on Indian beaches. Here are some of ShippingWatch´s best stories this week.
Photo: IMO
Photo: IMO

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

Indian beaches

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


Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading