World News

LNG Bunkers as a Solution for Addressing Shipping's GHGs is a Myth: Ian Adams
While burning LNG bunkers will reduce SOx and NOx emissions, the former IBIA CEO says they could be worse for the environment than burning HFO.
2 Nov 2016
Corvus Energy and BAE Systems to Provide Propulsion and ESS to Hybrid Tall Ship
Following an order from the Educational Tall Ship Program, Corvus says this will be the third hybrid vessel project collaboration with BAE.
2 Nov 2016
Crowley Becomes Newest Clean Cargo Working Group Member
Clean Cargo Working Group is a business-to-business initiative aimed at reducing environmental impacts of global shipping.
2 Nov 2016
Cockett Group Announces Regional Commercial Heads, New Global Head for Lubricants
Caroline Huot, who most recently was Managing Director at Unimarine, has been named as Global Head - Lubricants.
2 Nov 2016
Low Bunker Prices Help Royal Caribbean to Better Than Expected Q3 Results
The company reported an adjusted net income of $690.9 million for 2016's Q3, compared to $628.1 million during the same period of 2015.
2 Nov 2016
Wärtsilä Says it is "Well Positioned" to Help Shipowners Comply with 2020 0.5% Sulfur Cap
Wärtsilä says its offering of dual-fuel marine engines and EGC systems means that the company is ready to assist shipowners ensure compliance.
2 Nov 2016
IMO Adopts Mandatory Fuel Consumption Data Collection System
Ships above 5,000 gross tonnage will be required to collect and report data to an IMO database, effective at the start of 2019.
2 Nov 2016
Crude Down After Shut Pipeline Prompts Early Gains
Bunker prices were firm to start but retreated by days end.
1 Nov 2016
Big Data Fuel Monitoring Platform Launched by We4Sea
The Big Data Fuel Monitoring platform is said to be intended to reduce bunker costs and reduce ship emissions.
1 Nov 2016
SEA\LNG Expects Increased Investment in LNG Following MEPC 70's 2020 Decision
The coalition says there is now "new impetus" to solve structural and commercial obstacles slowing widespread adoption of LNG as marine fuel.
1 Nov 2016
OPEC And Non Members End Weekend Meeting With Sole Resolution Being To Keep Talking
Meanwhile sources say Russian oil firms will gather before next month's OPEC meeting to discuss possible output curbs.
1 Nov 2016
ECSA Joins Call for "Level Playing Field" in Enforcement of Global 0.5% Sulfur Cap on Bunkers
The call comes off the heels of news that MEPC 70 agreed that a global 0.5 percent cap on sulfur content in marine fuel should be implemented from 2020.
1 Nov 2016
Oil Falls to 1-Month Low as Signs of Another Slump Build
One analyst thinks oil will test $40 if the OPEC cutback deal falls through.
1 Nov 2016
SSI "Cautiously Optimistic" Following MEPC 70
Despite the 2018 date for initial commitments to a CO2 reduction Road Map, SSI says that it is "critical" that required work be completed ahead of MEPC 71.
31 Oct 2016
Scandlines Christens Second of Two Hybrid Ferry Newbuilds
The M/V Copenhagen is set to enter service later this year on the Rostock-Gedser route, joining its sister vessel, the MV Berlin.
31 Oct 2016
LUKOIL Obtains ISO 14001 Certification at Lubricant Plants
In addition to ISO 14001, the LUKOIL lubricant plants have also obtained OHSAS 18001 certification.
31 Oct 2016
ICS Welcomes IMO Decision to Develop CO2 Reduction Road Map for Shipping
MEPC 70 agreed to develop the Road Map for addressing CO2 emissions, with initial CO2 reduction commitments to be agreed to by 2018.
31 Oct 2016
Japanese Carrier Trio K Line, MOL, and NYK Announce Consolidation Plan
The companies say markets have been hit with a decline in the container growth rate and a rapid influx of newly built vessels.
31 Oct 2016
Arkas Bunkering Awarded Golden Anchor for "Best Bunkering Company"
The award was received by Ufuk Erinc, General Manager of Arkas Bunkering and Trading S.A.
31 Oct 2016
U.S. Fishing Vessel Operator Fined $1.6 Million Related to Oily Waste Dumping
Pacific Breeze Fisheries has been convicted and sentenced for discharging oil into South Pacific waters off American Samoa and for maintaining false records.
31 Oct 2016