World News

MFM Accuracy: Understanding Why Singapore's TR 48 is Superior to EU MID

Operators outside Singapore considering EU MID should do so at their own peril and should seriously consider adopting the Singapore TR 48.

6 Sep 2016

Banks Need to Play a Bigger Role in the Uptake of More Fuel Efficient Tonnage: CWR

Financiers are in a key position to reshape the makeup of the global shipping fleet through their investment decisions," says European Investment Bank.

5 Sep 2016

Caterpillar to Provide Propulsion to World's "Most Fuel Efficient" Ferries

Caterpillar Marine will provide engines and required gear boxes to Stena Line's four new Ro-Pax ferries.

5 Sep 2016

World's Largest LNG-Powered Ethane Carrier Classed by ABS

Navigator Gas had announced that it had taken delivery of the newbuild hybrid ethane/ethylene carrier, Navigator Aurora, in August.

5 Sep 2016

Parker Kittiwake Launches Condition Monitoring Starter Kit with Lubricant Analysis

The Condition Monitoring Starter Kit features DigiCell - a tool used to analyse levels of water in oil as well as an indication of the lubricant's residual BN.

5 Sep 2016

Too Big To Fail: Hanjin's Impact On Bunkering – Immediate Exposure Could Exceed $100M

It is difficult to put a positive spin on Hanjin's demise, and it is very concerning for the health of the bunkering industry.

2 Sep 2016

Gazprom and Mitsui to Cooperate on LNG Bunkering Studies

The companies have signed an MoU to cooperate on feasibility and marketing studies on LNG bunkering in Russia's Far East and the Asia-Pacific region.

2 Sep 2016

Lowering GHG Emissions Gives Better Than Expected Bunker Cost Savings: Study

The study found savings for a capesize were nearly $1.5 million annually.

2 Sep 2016

No Longer Any Financial Benefit for TC Owners to Make Their Vessels More Fuel Efficient

"Efficient vessels do not appear to deliver significant rewards for anyone other than the fuel payer," a new study concludes.

2 Sep 2016

MOL Aims to Use Artificial Intelligence to Forecast Bunker Prices

MOL has signed a contract with Yokohama National University to conduct a joint study on the analysis and use of "big data" related to ocean shipping.

2 Sep 2016

C-Job Naval to Develop Cargo Ship Featuring Flettner Rotor Sails

C-Job Naval says it has been contracted by Switijnk Shipping to develop the 8,000 DWT newbuild cargo vessel.

2 Sep 2016

Crude Down for 4th Day

Bunker prices were soft in the primary ports.

1 Sep 2016

Weekly Vessel Scrapping Report: 2016 Week 34

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from August 25 – September 1, 2016.

1 Sep 2016

On Again Off Again Iraq Is On Again For An OPEC Production Freeze

Prime Minister Haidar Al-Abadi says the drop in oil prices is causing volatility in his country.

1 Sep 2016

Crude Falls Another 3%

Bunker prices continued to soften in the primary ports.

31 Aug 2016

Shell Launches "Revitalised" LubeMonitor Service

Shell Marine says the revamped service will be simpler, faster and better.

31 Aug 2016

DuPont Completes First In-Line, Multi-Engine Scrubber Installs

The installations were completed on three auxiliary engines of two newbuild bulk carriers.

31 Aug 2016

Extended Health Check Programme Supports Vessel Fuel Efficiency and Emission Reductions, Says Royston

Royston says its new engine diagnostic, health check, and consultancy service offering supports vessel lifespan, fuel savings, and emissions reductions.

31 Aug 2016

ABB Turns to Torque Monitoring for Latest Bunker Saving Tech

"The shipping industry is turning to technology to make their fleets more efficient," says ABB's Juha Koskela.

31 Aug 2016

Maxum Petroleum Announces New Bunkering Vessel

The 150,000 gallon vessel is said to have six pairs of cargo tanks that provide capacity for 3,700 barrels of MGO and 24,000 gallons lube oil.

31 Aug 2016