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Aug
July, 2012
Date Headline Image
Thu12Jul
Port Authority in $15 Billion Funding Bid
China on board as an investor as Sri Lanka says its to commence Colombo 'port city' project in October.
Thu12Jul
Malaysia Detains Singapore Tankers
Three Singapore registered vessels amongst seven detained by the Malaysian Maritime Enforcement Agency.
Wed11Jul
Bunker Prices Lack Direction in Many Ports on Wednesday
Bunker markets remained mixed on Wednesday with ports seeing a variety of movements.
Wed11Jul
Pheonix Petroleum To Acquire Chelsea Shipping Corporation
Company to be acquired via a share swap agreement valued at more than $33.9 million.
Wed11Jul
World Fuel Services in Sanko Ship Arrest Saga
Ship & Bunker understands WFS are owed up to $3.3 million in unpaid bunker bills.
Wed11Jul
50% of China's Shipyards Facing Bankruptcy Good For Recovery
Industry player says "until some of the Chinese shipyards start going bankrupt, there would not be any improvement in the market conditions"
Tue10Jul
Mixed Bunker Price Movements on Tuesday
Bunker prices were mixed on Tuesday, some gains seen in the Americas and further losses in Europe and Asia.
Tue10Jul
Indian Tankers Granted Insurance to Carry Iranian Oil
United India Insurance Co., has agreed to provide Protection and Indemnity (P&I) coverage to Indian tankers carrying oil from Iran.
Tue10Jul
Matson Lower Fuel Surcharge Following Bunker Price Drop
Company says for most customers it "represents a reduction in shipping costs ranging from $70 to $120 per container."
Tue10Jul
Cabotage Law Change Boost To India's Bunker Business
Allowing foreign ships to transport cargo between Indian ports should increase ship calls and bunkering opportunities.
Mon09Jul
Week Opens with Bunker Prices Continuing to Fall
Global bunker prices remained soft on Monday, and some key ports saw double-digit drops.
Mon09Jul
Mitsubishi Complete Environment Focused Testing Facility
MHI said the testing machine will be used for verification of various technologies to comply with NOx emission regulations.
Mon09Jul
Stolt Tankers Posts Q2 Profit
Stolt Tankers reported an operating profit of $29.0 million for the quarter ended May 31, 2012.
Mon09Jul
Yujin Cancels Tanker Order
Singaporean tanker owner is requesting a full refund of all monies including interest.
Fri06Jul
Week Ends with Falling Bunker Prices
After a week of strong gains Friday's bunker prices dropped in many ports.
Fri06Jul
New LNG Tankers Developed by Veka-Group
Company says "there will be a rapid increase in the use of LNG by ships for both coastal and inland shipping."
Fri06Jul
NuStar Energy Projecting Q2 Loss For Fuels Marketing Operations
The Fortune 500 firm says fuel oil and bunker inventories had not been hedged for some two months in a declining commodity price market.
Fri06Jul
U.S. to Invest $62 Million in Biofuels
$30 million in federal funding will be used to develop biofuels to replace diesel for commercial shipping.
Thu05Jul
Bunker Prices Continue to Rise Thursday
Gains in the price of marine fuel are seen in many ports although there are less double-digit jumps than earlier in the week.
Thu05Jul
New Ultrabulk Vessel To Save 15% on Bunker Fuel Bills
Danish shipping firm says the 38,000 dwt bulker is the first super ECO-designed new-build order placed as part of their fleet renewal and expansion plans.