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Jun
May, 2015
Date Headline Image
Wed13May
Sources: Maersk Line Reaches Agreement in Principal for Eleven 20,000 TEU Boxships at a "Record Low Price"
The order for 11 vessels is worth about $151 million each, said to be a "record low" price.
Tue12May
Crude Futures Rally Heavily
Brent front month contracts for June firmed $1.95 per barrel settling, WTI June contracts also saw significant gains firming $1.50 settling at $60.75.
Tue12May
Singapore: Ocean Tankers to Boost Security Following Bunker Pirate Attacks
Ocean Tankers plans to strengthen its anti-piracy measures after one of its vessels was hijacked on May 2, the second hijacking in a year.
Tue12May
Double Vessel Arrest Over Fuel Smuggling in East Singapore, Illegal Bunkering in Indonesia
One vessel was arrested for allegedly smuggling diesel fuel, while the other was suspected of being the supplier vessel to Urban Success.
Tue12May
New HHI Propeller Attachment Promises 2.5% Bunker Savings
For a typical 8,600 TEU containership the shipbuilder says that the savings could amount to $19 million over 25 years.
Tue12May
Brightoil's Singapore CEO Appointed Group Executive Director
Meanwhile, Brightoil's executive director and CEO of Brightoil Shipping Singapore Ptd. Ltd. resigns from the company.
Tue12May
Weak Crude, Bunker Prices Buoying NAT Results
The company beat analyst estimates of $0.27 per share in the first quarter with an EPS of $0.34.
Tue12May
Reports: Maersk Line to Order 10 More Mega-Ships
The vessels' capacity could be as high as 20,000 TEU with the deal expected to be worth over $1.5 billion and to go to DSME.
Tue12May
Dutch Shipowner to Install Two Wärtsilä Scrubber systems
The scrubbers will be installed on two RoRo carriers belonging to Royal Wagenborg
Mon11May
Crude Prices Start the Week Soft
Bunkers were mostly steady in the primary ports. We are anticipating Wednesdays EIA data and are crossing our fingers for an increase in inventories.
Mon11May
Over 170 Delegates and "an Impressive Array of speakers" Set to Gather for First Ever GreenTech Conference on the U.S. West Coast
"Fantastic opportunity to reconnect or meet for the first time with numerous people dedicated to improving their industry's sustainability," says Green Marine.
Mon11May
Analyst: Asia - North Europe Box Rate Rise Will Be a Short-Lived
Declines could start as early as this week after spiking over $500 on Friday.
Mon11May
First of Three LNG-Ready Vessels Underway for SEA-Vista
The ECO tanker is the first of a three-tanker contract between General Dynamics NASSCO and SEA-Vista.
Mon11May
"Teething Problems" with LNG Vessels Sees Fjord Line Suffer Heaving Income Losses
The company has reportedly suffered numerous problems with its LNG-powered cruise ferries MS Stavengerfjord and MS Bergensfjord.
Mon11May
Waning Demand from China May Send Dry Bulk Crashing
The onus is now on shippers to solve the overtonnaging problem, says Jens Ismar, CEO of Norwegian carrier Western Bulk.
Mon11May
Wärtsilä, Carnival Partner on Pilot Systems to "Significantly Contribute to Reducing Fuel Consumption"
Engine control plus safety and fuel efficiency packages will be installed on Carnival's 101-strong fleet.
Mon11May
Navigator: No Impact on Charter Environment from Low Bunker Prices, "We're All in the Same Boat"
The company said it saved $3 million in fuel costs due to the low price of bunkers.
Mon11May
Singapore's ST Shipping, Mercuria Charter Aframax Tankers, Boosts Time Charter Rates
The activity could mean a firmer market for June, say analysts.
Mon11May
Panama: Canal Expansion to Make Country an LNG "Nexus"
The Panama Canal expansion has triggered Panamanian aspirations to become a hub for LNG storage and transportation
Fri08May
Transport Canada Issues ECA Fuel Switching Advisory, Warns on Changeover Risks
Failing to safely switch from HFO to low sulfur ECA fuel can put machinery at risk and jeopardize a vessel's safety, says the federal department.