World News

Wärtsilä Unveils Zero Emissions Vessel Concept

The concept is said to have been designed in accordance with the Norwegian government's new environmental regulations for ferries.

14 Jan 2016

20|20 Vision: The Key Components to Success for Fuel Suppliers in the Marine Energy Market

Where do we need to become more professional? And how do we prepare ourselves for the future?

14 Jan 2016

Brent Falls Again After Another Volatile Day

Brent contracts took their first dip below $30.00 per barrel, but were able to come back and settle at $30.31 per barrel.

13 Jan 2016

Baltic Dry Index Falls Under 400 For First Time Ever, Demand Recovery Could Now Be As Far Out as 2018

Shipowners are unable to meet even their operating expenses at the prevailing freight rates, forget about servicing debt, says Drewry.

13 Jan 2016

NGL To Sell TransMontaigne to ArcLight

NGL Energy Partners says it has entered into an agreement with an ArcLight Capital Partners affiliate to sell TransMontaigne GP for $350 million.

13 Jan 2016

Deltamarin Sells Interest in Scrubber Firm

Deltamarin says it sold all of its shares in exhaust gas cleaning system provider DeltaLangh to Oy Langh Tech Ab on December 31.

13 Jan 2016

IMF Pushes for Global Carbon Tax to Tackle Emissions from "Underpriced" Bunker Fuel

A charge of $30 per tonne of CO2 in advanced economies across both shipping and aviation would have raised about $25 billion in 2014.

13 Jan 2016

IMO Gets €10 Million EU Funding to Green Light Maritime Efficiency Project

The four-year project is intended to help beneficiary countries limit and reduce shipping sector GHG emissions.

13 Jan 2016

Dry Bulk Woes Continue as Baltic Dry Index Falls to Another New Record Low of 402

Despite being not even two weeks into 2016, The Baltic Dry Index this year has now fallen 15 percent.

13 Jan 2016

Parker Kittiwake Procal Launches New Data Gathering System for ECA Compliance

The new Procal 1200M data gathering system and control unit is said to have been specifically designed by marine engineers for maritime use.

13 Jan 2016

Why You Might Be Losing Millions on Sludge Disposal, and How You Can Prevent It

Petro Inspect discusses the importance of sludge discharge / disposal surveys - are the ship owners being paid fairly?

13 Jan 2016

Heavy Volatility as Crude Futures Fall Further

Since the new year we have witnessed front month contracts soften by more than 15%.

12 Jan 2016

Oil Falls Under $30 a Barrel

"Market sentiment has shifted so far that it's self-fulfilling," analyst says of today's slide.

12 Jan 2016

First Large LNG-Fuelled Bulkers Also First to be Built to New DNV GL Rules

ESL Shipping's two newbuild 25,600 DWT dual-fuelled bulk carriers will be the first vessels constructed to the new DNV GL rule set.

12 Jan 2016

Sharp Drop of Almost 25% for Asia-Europe Box Rates

Container rates on Asia to Northern Europe routes fell to $932 per TEU in the week ending last Friday, a 24.4 percent drop from the previous week.

12 Jan 2016

More Bad News for Dry Bulk: Baltic Dry Index Falls to ANOTHER Record Low of 415

The news means that the dry bulk sector's key benchmark has been at a fresh record low on five of the six reporting days of the year so far.

12 Jan 2016

Star Bulk Faces NASDAQ Delisting

Star Bulk says it received a letter from NASDAQ dated December 6 notifying of its failure to meet the minimum $1 bid price requirement.

12 Jan 2016

Another Big Slide for Crude Futures

The outlook for oil is extremely bearish as we near the Iran deal.

11 Jan 2016

Industry Insight: Hapag-Lloyd Explains How a Vessel Switches to Low Sulfur Fuel When Entering an ECA

The procedure is more complicated than you might expect.

11 Jan 2016

ABS and MARIC Pen Partnership Agreement for Ship Efficiency

The strategic cooperation agreement is intended to improve offshore and marine sector operational efficiency and environmental performance.

11 Jan 2016