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Shipping Services Firm in Management Buy Out

HSBC Shipping Services will be renamed Hartland Shipping Services upon deal completion

Maersk Announce 2nd Quarter Interim Results Teleconference

2nd Quarter Interim Report will be held on August 14, 2012 at 09.30 a.m. (CET)

GAC Expands UAE Team

Georgia Paravalou and Anthony Inglis join UAE-based bunker team

Charges for Tanker Owner after Vessel Sinking

Owner and captain of The White Whale face up to five formal charges including not taking precautions to limit pollution.

Deiulemar Shipping Looks to Liquidate

Italian dry freight group says the move is to an attempt to save the company from formal bankruptcy proceedings.

PSV Power Deal For Wärtsilä

Company says one of PSVs will be LNG powered making it the eighth LNG PSV based on Wärtsilä designs.

LUKOIL Buys New Bunker Tanker

250,000 tonne capacity vessel will allow expansion of operations on the Danube river.

LUKOIL Expects Growth in Northern Sea Route Bunkering

Russian bunker suppliers says the number of ships following the route has been increasing.

Dan Bunkering Welcomes New Trader

Søren Mikkelsen comes from a position with sister company Shipping.dk Lillebælt A/S.

Fjord Line Claims World's First LNG Only Cruise Vessel

CEO Ingvald Fardal says by using LNG "more cost-effective than heavy fuel oil" and the environmental improvement "will be significant."

Kleven Maritime Win LNG PSV Order from Remøy Shipping

$66 million deal takes the Norwegian shipbuilder's order book to 14 vessels and $1.1 billion.

Euronav Blames Overcapacity as it Widens Losses in H1

Belgian tanker firm says "the challenge for the tanker market is still almost entirely on the supply side."

Wärtsilä Q2 Profit Falls 3% and is Below Forecast

Firm says vessel owners are experiencing ongoing pressure from high fuel costs, low earnings, and high operating expenses.

Bunker Costs Rise, but Tanker Firm Bahri Doubles Profit

Saudi Arabian firm says bunker costs were up 14% but net profit rose 126.6%.

Stolt Tankers Posts Q2 Profit

Stolt Tankers reported an operating profit of $29.0 million for the quarter ended May 31, 2012.

First Commercial Shipment using "Practically Sulfur Free Biofuel"

Firm says a bio-oil is created from food industry waste and converted into biodiesel for shipping fuel.

Total Lubmarine Grows Supply Network

Dedicated commercial and supply hub opens in Copenhagen, Denmark

High-Speed Separator Cuts Fuel Bill and Waste Disposal Costs

New waste fuel recovery system will cut bunker bills by up to 2% by recovering reusable fuel oil and significantly reducing waste disposal costs.

Concordia Maritime Orders Fuel Efficient Newbuilds

Company president says investing in vessels with very good fuel efficiency "is a natural development for us."

B9 Building Bunker Fuel-Free Cargo Ship

Company says the fossil fuel-free ships deliver competitive freight rates and equal performance against schedules of conventional oil powered ships.

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