World News

Fathom Launches Guide to Operational Issues with ECA Compliance
"Many ship owners...do not realise the full range of [operational issues] and the impact they can have on vessels," says Fathom.
21 Jan 2015
Falling Bunker Prices May Slow Fuel Efficiency Advances
Reuters analyst John Kemp predicts that plunging oil has lessened the urgency for companies to develop fuel-efficiency breakthroughs.
21 Jan 2015
Dryad: 2015 ECA Rules Mean Inevitable Extra Costs
Apart from more expensive bunkers, shipowners face additional costs, including those related to vessel modifications and more frequent bunkering.
21 Jan 2015
Steel Cutting Marks Start of Construction for LNG Ferries
The first of three LNG ferries is scheduled to be ready for use by July 2016.
21 Jan 2015
Brent, WTI Both Move Lower on Tuesday
Iran advised today that $25 per barrel crude is no problem for them.
20 Jan 2015
NOL Upgraded to "Buy" on Back of "Significant Cost Savings" from Low Bunker Prices
"The fact that NOL has lagged its peers in terms of fuel efficiency and margins in the past means there is more room for improvement," says DBS Vickers
20 Jan 2015
Wärtsilä-CSSC Joint Venture Starts Operations
WinGD, now owned 70:30 by CSSC and Wärtsilä respectively, has taken possession of Wärtsilä's two-stroke engine portfolio.
20 Jan 2015
LR Methodology Makes Scrubber Use More Fuel Efficient
New calculation-based method allows shippers to rely on external dilution of scrubber washwater, reducing fuel consumption associated with srubbing.
20 Jan 2015
Global LNG Bunker Consumption Predicted to Reach 22,540 Kilotonnes by 2025
Demand is predicted to grow almost 64 percent between 2014 and 2025.
20 Jan 2015
Wiljo Invites Bids as it Moves to Sell Off Bunker Business in Wake of OW Bunker Collapse
"In order to achieve its continuance…Wiljo made the decision to split off the ship-bunkering department and activities of Wiljo," said the company.
19 Jan 2015
Hapag-Lloyd Working on Becoming First MRV-Ready Certified Shipowner
The company is working with DNV GL to develop its program
19 Jan 2015
Industry Insight: Understanding Quadrise's MSAR Emulsion Fuel & Scrubbers
Industry Insight: Understanding Quadrise's MSAR Emulsion Fuel & Scrubbers
Quadrise say using its MSAR fuel in conjunction with scrubbers will be the least expensive way to comply with sulfur regulations.
19 Jan 2015
"Fat Leonard" to Change Plea in U.S. Navy Bribery Case
A change of plea hearing is scheduled for Thursday at San Diego's District Court and would make Francis the sixth person to plead guilty over the affair.
16 Jan 2015
Glander International Bunkering Hires 3 From Its Training Academy
The new additions will work in Singapore, India and Dubai.
16 Jan 2015
Danish Court Rejects OW Executive's Extradition to Italy
Copenhagen City Court has ruled that extradition would contravene the European Convention on Human Rights.
16 Jan 2015
Marine Fuel Theft Driving Rise in Global Ship Hijackings
Indonesia remains an area of intense activity with 100 reported pirate attacks in 2014, while Malaysia trails in second place with 24 reported attacks.
16 Jan 2015
Crude Prices Resume Downward Slide
If OPEC is trying to shut down the exploration and drilling in the USA prices have to reduce more.
15 Jan 2015
Weekly Vessel Scrapping Report: 2015 Week 2
Weekly Vessel Scrapping Report: 2015 Week 2
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Jan 8 - Jan 14, 2015.
15 Jan 2015
Intertanko: Rise in Asian Piracy is "Significant and Worrying"
Incidents in Asia make up 75 percent of global piracy attacks in 2014.
15 Jan 2015
Skuld Issues Reminder to Review ISO Standards for ECA Compliance
Owners and charters must be careful as existing ISO standards do not take express maximum sulfur limits.
15 Jan 2015