World News

Hapag-LLoyd Confirms Commitment to IPO Plans

CEO Rolf Habben Jansen said now was a good time for the company, even if market downturns indicate otherwise.

14 Oct 2015

DOT CEO Lars Møller Has Never a Chance to Tell His Side of the OW Collapse Story, Says Lawyer

His legal representation adds claims will focus on "where there is the strongest possibility of getting their money back."

14 Oct 2015

Crude Futures End the Day Down After Earlier Volatility

Bunkers prices were mixed today but the general consensus is that prices will fall even further tomorrow if EIA data shows a build.

13 Oct 2015

ITF: It Would be Odd if Countries are Expected to Adhere to Emission Targets but Not the Shipping Sector

ITF says that specific targets need to be set, and notes that several industry measures including a $25 per mt carbon tax could help reach such goals.

13 Oct 2015

Deltamarin: New Multigas Carrier Will "Change the Nature of the Gas Carrying Industry"

The concept is said to combine Deltamarin's B.Delta design and Brevik Technology's "new-generation" patented cylindrical gas tanks.

13 Oct 2015

Feeder Fleet Will Lead the Way to a Dual Fuel Future: Wartsila

New feeder designs from Wartsila accommodate environmental regulations in different shipping zones.

13 Oct 2015

Brent Drops Back Under $50/bbl

NYMEX front month contracts softened $2.53 per barrel settling at $47.10 per barrel.

12 Oct 2015

Reports: Zim Hires Merrill Lynch, Barclays to Lead 2016 US IPO

Zim has not commented on rumours that it has hired Bank of America Corp.'s Merrill Lynch unit and Barclays Plc to lead an IPO for the company in the U.S.

12 Oct 2015

Solar Focus in Further Development of Renewable Marine Energy System

More patents, and an update to its rigid "EnergySail" concept are also planned by EMP.

12 Oct 2015

Intermarine to Add 6 Eco-Vessels to its "Fleet of the Future"

The transport company for project, breakbulk, and heavylift cargo has ordered six newbuild 13,300 DWT Ecolift F900 vessels.

12 Oct 2015

More Carrier Lines Signal End to Slow Steaming

Both APL and Zim have reportedly been touting improved transit times recently.

12 Oct 2015

ABS Releases "World's First" Guidance for SOx Scrubber Ready Vessels

The guide is intended to help "members and clients in preparing newbuilds for future outfitting with a SOx exhaust gas cleaning system (EGCS).

12 Oct 2015

Maersk Line Calls For More Consolidation of Container Lines

CEO Soren Skou said that growth this year has been much smaller than predicted.

12 Oct 2015

Industry Insight: Priorities to Drive Forward the Marine Industry in Today's Volatile Market

Over the past 18 months, fluctuations in oil prices have caused serious disruptions within the oil and gas marine sector.

9 Oct 2015

Innospec Warns of Increasing Risk of MGO In Colder Temperatures

U.S.-based additives firm says its Octamar Winter product was formulated to decrease pour point and cold filter plugging point of fuel.

9 Oct 2015

2015 Will See a Record Inflow of Newbuilt Tonnage: Bimco

Half of all the new ships are bound for a future on the Asia to Europe trading lane.

9 Oct 2015

Dry Bulk Players Predict 2016 is "Going to be a Tough Year"

Industry players say that slowing demand for commodities and "a glut" of vessels is predicted to keep pressure on the sector well into next year.

9 Oct 2015

Arctic Shipping Route No Rival to Suez, Says Expert

The Chair of the Arctic Council's Marine Shipping Assessment said that it would not happen this century.

9 Oct 2015

Bunkers Firm as Crude Futures Resume Upward Trend

Brent contracts for November delivery rose 3% settling above $53.00 per barrel.

8 Oct 2015

GPS Bunkers Hails Largest Ever Single Bunker Supply Operation for Cochin

A total of 3,415 mt of IFO380 was delivered to the 2010-built 179,400 dwt bulk carrier ER Borneo, a spokesperson tells Ship & Bunker.

8 Oct 2015