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Class NK Opens Centre to Support Big Data for the Maritime Industry

ClassNK says the Ship Data Center in Tokyo, Japan will serve as an information hub, independently managing big data utilisation in the maritime industry.

Container Vessel Sees 30% Diesel Fuel Savings with Nanotech Coatings

The coating is noted to reduce daily diesel fuel use by 360 liters per 24 hours, likewise reducing operators' costs, vessel pollution, and carbon emissions.

Construction of Shell's "Innovative" LNG Bunker Vessel Underway

Shell notes that Containerships is set to become the first customer of the specialised LNG bunker vessel upon its mid-2017 launch.

Crude Futures Slide to Near 7-Year Lows

It's difficult to predict if we have bottomed as western sanctions on Iran are now dead ahead on the horizon and closing.

NOL Confirms $2.4 Billion Cash Offer from CMA CGA

CMA CGM says the acquisition will "cement its position among the global leaders in the container shipping industry."

OPEC Vienna Conference Ends With No Production Ceiling Ratified

Observers laugh at OPEC general secretary's remark that his organization is as strong as ever.

Update: NOL Suspends Share Trading "Pending Announcement", Sources Say CMA CGM to Make $2.4B Cash Offer

Sources say CMA CGM plans to offer approximately S$1.30 ($0.93) per share in cash for NOL.

Asia To Northern Europe Box Rates Fall Over 50%

Asia to Northern Europe rates are down significantly, following an 88% jump the previous week.

Tanker Rates Climb to Seven-Year High

The high demand is said to have caused delays in unloading due to lack of space in on-land storage tanks.

Authorities: No Bunker Leaks After Vessel Sinks Off Fiji

Authorities say that calculations suggest that about 3,000 litres of light diesel fuel could remain in the M/V Suilven's tanks.

OPEC: History Tells Us that the Current Oil Price Regime Will Not Last

The organization also warns that production capacity additions needed to meet future demand will be in jeopardy.

Wärtsilä Tech Chosen for "New Type" of Highly Efficient Dual Fuel LNG Carrier

Timo Koponen, Wärtsilä's Vice President of Flow and Gas Solutions, says the vessel will be "a very modern and highly efficient LNG Carrier."

Sinopec "Key" in Deal to Revive Bankrupt Caribbean Refinery as Storage Hub

Private equity firm ArcLight Capital and commodity trader Freepoint will convert the refinery into a "massive" oil storage hub.

LQM Announces New Head of International Sales

Andy Lade was said to have come from a strong background in the oil industry after a period of 27 years at Shell.

CMA CGM Secures Funding for NOL Takeover: Reports

Lenders including HSBC, BNP Paribas, and JPMorgan are said to have provided "firm commitments" to fund an initial 67% stake in NOL.

ExxonMobil Launches New System Oil for Marine Diesel Engines Operating in Severe Conditions

Mobilgard 300 C offers "superior engine cleanliness" for longer oil and engine life, as well as reduced operating costs, says ExxonMobil.

Crude Futures End the Day Firm

It is expected that tomorrows OPEC meeting will give the market direction.

IMO Details Emissions Efforts at COP21, Green Groups Not Impressed

Green group Climate Action Network has awarded the IMO and ICAO its satirical "Fossil of the Day" award.

RightShip: Greenhouse Gas Emissions Rating Reduces Bunker Costs, Encourages Industry Led Emission Reductions

The GHG Emissions Rating tool is said to enable industry players to encourage environmentally-friendly change within the maritime industry.

DNV GL and Hempel to Cooperate on Bunker-Saving Hull and Propellor Monitoring

The cooperative agreement was signed at the Marintec China trade fair and is intended to provide "clear, comprehensible, and verifiable" analytics.

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