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2015 ECA Rules to Accelerate Consolidation of Short-Sea, Feeder Markets
Consolidation as well as route closures and bankruptcies could become a feature of the Northern European market as the impact of new ECA rules is felt.
7 Jan 2015
DP World to Double Investments on Falling Oil Price
DP World will increase capacity as it predicts low oil prices will stimulate world trade to the benefit of the shipping industry.
7 Jan 2015
ATP, 24 Others File $129M in Claims Against OW Bunker, Altor
25 institutional investors have filed claims totalling DKK803 million to meet insurance deadlines.
6 Jan 2015
No Bunker Spill After Singapore Registered Car Transporter is Deliberately Run Aground
All 25 crew members who were onboard were reported to have been recused, and a salvage operation is underway.
5 Jan 2015
Tallink Opts for "Most Expensive" ECA Compliance Option
The company will turn to low-sulfur distillate for ECA compliance.
5 Jan 2015
Shippers, Ports Bracing for 2015 Russian Shipping Slump
The falling price of oil has hit Russia's economy hard.
2 Jan 2015
PwC: Plunging Oil will Light the Touchpaper for Mergers and Acquisitions in 2015
Cash-strapped oil companies could also be hindered by reactive actions made by shareholders.
30 Dec 2014
CMA CGM Takes Delivery of Eco-Ship
The CMA CGM TIGRIS is the fourth in a series of 28 ships.
29 Dec 2014
Marseille Fos to Challenge Northern Ports as Euro Gateway
€360 million will be invested over the next four years.
29 Dec 2014
Port of Gothenburg to use "Sniffer" Technology to Ensure 2015 ECA Compliance
The fridge-like box will measure exhaust plumes for sulfur content.
29 Dec 2014
Collapsing Oil May Force Maersk to Close Some Oil Sites
Low oil prices have reportedly reduced oil revenues by a third from its level in 2013.
26 Dec 2014
Red October: OW Bunker Was on the Brink 3 Weeks Before Bankruptcy
Panicked executives are said to have met three separate times in one day to discuss how to salvage the company.
26 Dec 2014
Nigerian Task Force Arrests, Destroys Illegal Bunker Barge
"The Barge and the products were towed to a safer place and destroyed in situ," says JTF Commander.
24 Dec 2014
OPEC Will Maintain Output Even If Price Reaches $20
Saudi Arabian oil minister Ali al-Naimi said that it was not in OPEC's best interest to cut production.
24 Dec 2014
Wärtsilä: The World is Switching to Natural Gas
The company has been given the go-ahead for the construction of its first LNG Terminal at the Port of Tornio, northern Finland.
22 Dec 2014
Quadrise MSAR Emulsion Fuel Little Impacted By Falling Oil Prices
The company's MSAR synthetic fuel is expected to have a slightly delayed launch, but will begin production in the first quarter of 2015.
19 Dec 2014
Ex-OW Manager Arrested For Alleged Fraud
The suspect is thought have helped sell €7 million worth of non-existent fuel to the Italian Navy.
19 Dec 2014
EU to Invest €2.5 Million in LNG Facilities at the Port of Bremen
The project is part of the EU's TEN-T Programme, which aims to have LNG facilities at all core EU ports by 2030.
18 Dec 2014
UAE: Nothing Changes for OPEC Even if Oil Hits $40
OPEC would likely wait at least a quarter before considering an emergency meeting, said the UAE's energy minister.
18 Dec 2014
Reports: OW Bunker, Altor Colluded to Hide Speculation at Collapsed Fuel Trader
"If it is true...it's reasonable to conclude that the intention was to conceal the proceeds of risk management," says Danish corporate law professor.
17 Dec 2014
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