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CWR: Wind Power Systems Are Showing Measurable and Meaningful Fuel Savings for Ships

Two independent trials concluded that a single Norsepower rotor achieved savings of 2.6% on Bore's MS Estraden.

Gard: A Busy Arctic will be a Better One for Insurers

Gard CEO Rolf Thore Roppestad said at Nor-Shipping 2015 that a busy Arctic mitigates risks and results in better response capabilities in emergencies.

DNV GL: ECA Regs Are Pushing the Limits of What Can Be Achieved with Conventional Fuels and Scrubbers

DNV GL says that affordability, sustainability, and safety form a "trilemma" in fuel selection for meeting regulatory requirements on emissions.

Crude Prices Soar on U.S. Seasonal Driving Demand, Expectations of Falling Production

Both crude benchmarks saw gains well over 2% making bunkers firm in the primary ports.

DNV GL: Most Operators Have Low Bunker Saving Targets, Lack a "Complete Picture" of the Potential Rewards

DNV GL says low targets indicate that companies may lack a full awareness of the potential rewards that can be gained from a modest level of investment

Odfjell to Upgrade 11 Chemical Tankers to Lower Bunker Consumption

The upgrade package consisting of MAN Diesel & Turbo's Kappel technology that also reduces vessel emissions and increases propulsion efficiency.

Dan-Bunkering: Hedging is a Perfect Tool to Secure Stable Bunker Prices

CEO at Dan-Bunkering says hedging is a huge support as no producer, storage holder, supplier or end user wants to take on the risk of volatile oil prices

DNV GL Approves HHI's SkyBench Concept to Increase Boxship Capacity

HHI's "Innovative" SkyBench concept design increases cargo capacity for large vessels

Oil Prices Slip as China Crude Imports Drop 20%

We expect crude futures to continue falling slowly as a lot of information is coming to light that will have negative affects on crude futures.

Maersk: Small and Mid-Size Operators Set to Be Squeezed Out of Box Market

A.P. Møller-Mærsk A/S CEO Nils Andersen said that most smaller players have been unprofitable for the last seven years.

Dan-Bunkering: Tragedy of OW Bunker Collapse Has Created Negative Consequences for the Entire Bunker Industry

Dan-Bunkering CEO says banks, suppliers and clients have all become more hesitant in general after demise of OW Bunker.

New "Future-Proof" LNG Bulker Design Unveiled

Vessel said to offer the opportunity to nearly eliminate SOx emissions and particulate matter, cut NOx by an estimated 80 percent and reduce CO2

DNV GL Initiates JIP to Investigate Accuracy of Coriolis Flow Meter Technologies

Dennis van Putten, Expert Multiphase Flow Metering, DNV GL - Oil & Gas, says biases will occur in phase contaminated flows.

OPEC Maintains Output Ceiling at 30 Million Barrels Per Day

OPEC noted "continued concern over market volatility" and reiterated its "commitment to a stable and balanced oil market."

Bunker Saving Waste Heat Recovery System Gains Class Approval

Units can save up to 200 tonnes of bunker fuel per year and reduce carbon monoxide emissions by an estimated 18 tonnes.

ABB: New Turbo Charges Help Engine to Give "Six Figure Savings on Fuel Annually"

The second generation of Power2 800-M is also said to enable a 60 percent reduction in NOx emissions.

World Fuel Services Renews Share Buybacks

The company has been authorized to buy back up to $100 million of its common shares.

Scorpio Bulkers Says it Must "Face the Music" as it Unloads 5 More Newbuilds for $236 Million

"It's a tragic scenario," says Emanuele Lauro, co-founder, chairman, and CEO of Scorpio Bulkers.

PwC, KPMG and ING Sign Agreement on OW Bunker Middle East Assets

All recoveries of OW Bunker receivables will be paid into ING accounts specified by PwC.

Crude Futures Continue to Crash

Bunkers were steady in the primary ports as suppliers are trying to hold on to higher prices as long as possible.

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