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February, 2017
Date Headline Image
However, despite a 2.7 percent increase in transported volumes, lower average freight rates in 2016 saw Haplag-Lloyd's revenue fall to €7.7 billion.
Hapag-Lloyd Cites Lower Bunker Costs for Reduced 2016 Transportation Costs
"The agreement between our companies will harness the combined experience and offerings of Woodside and GE," said Woodside's CEO, Peter Coleman.
Woodside and GE Partner on Development of LNG as Fuel in Western Australia
Like its sister vessel, Seaspan Swift, which was delivered to SFC in December, Seaspan Reliant can run on diesel, LNG, and battery power.
Seaspan Ferries Takes Delivery of Second Hybrid, Dual-Fuel Vessel
Higher crude prices and tight MGO availability could push the price of MGO up by nearly four times against fuel oil prices in 2016, says Wood Mackenzie.
2020 Sulfur Cap Could Add $60 Billion to Shipping's Annual Bunker Costs
Gulf Petrochem is looking to expand its barge fleet in Europe, add a new physical area, and add another trading office in Europe, all in 2017.
Gulf Petrochem Hires New Rotterdam-Based Trader, Eyes Growth for Physical Business
The plan is said to be expected to grow the current 1 million tonne Indian bunkering market to 3.5 million tonnes by 2020.
Adani Eyes Expansion of Its Bunker Business
MPA, along with TR48 technical experts, have developed an extension approval test to validate certain MFM systems as an alternative to recalibration.
MPA Grants Tankers Extension Approval Tests for Older MFM Systems
One analyst suggests market speculators are setting themselves up for a massive disappointment.
Continued OPEC Rhetoric Unable to Positively Impact an Oil Market Pummeled by Rising US Production
Carnival says the installation schedule for remaining vessels will be forthcoming.
Carnival Marks Completion of Scrubber Installation on 60 Vessels
The hybrid battery-powered MS Roald Amundsen is being built at Norway's Kleven Verft shipyard for Hurtigruten.
Construction Begins on World's First Battery-Powered Expedition Cruise Ship
Bunker prices were stable to firm in the primary ports.
Crude Flat as Concerns Raised Over a Record Number of Bullish Bets
Sonny J was reported to be partially submerged near Vidalia, Louisiana, with approximately 4,000 gallons of diesel fuel onboard on Sunday.
USCG Responds to Spill Threat From Partially Submerged Vessel
Ascenz says Shipulse also enables vessel shipowners greater visibility and control over their vessel operations.
Ascenz Launches Voyage Management Offering for EU MRV
The order follows a similar two-vessel order received by the company from WETA in 2015.
U.S. ECA Operator Orders Two More Ferries from Vigor
The tanks are currently being shipped by individual barges to the port of Hamburg, and are set to arrive at the port of Klaipėda in mid-March.
Storage Tanks Set for Arrival at Port of Klaipėda LNG Station
The organisations say the onset of climate policies by 2023 will pose risk to the banks that hold approximately $400 billion of the world's shipping debt.
CWR and UMAS Warn of Rising Risk to Banks as Shipping Deals with Tightening Emission Regs
Overall, Brightoil's total revenue during the period saw an increase of about 44 percent.
Brightoil's Fuel Oil Sales Grow 38% for 2H 2016
Bunker sales at the port during the 2016 year fell to 10.1 million m3 from 10.6 million m3 the previous year.
"No Reason Known" for Drop in Rotterdam's 2016 Bunker Sales Volume
Neste says the new ex-pipe service offering is intended for ships calling the Södertälje terminal for cargo, as well as for ships passing the terminal.
Neste Marks Start of Ex-Pipe Deliveries of Low-Sulfur Bunkers in Sweden
Analysts portray the situation as a looming "tug of war" between the cartel and the U.S.
Record Rising U.S. Oil production Will Continue to Offset OPEC Cutbacks