World News

ICS: Fuel Efficiency "a Means to Survive"
ICS head Peter Hinchliffe says industry may deliver 30% more efficient ships by 2030.
19 Jun 2014
New Caterpillar Marine Propulsion System Promises Fuel Savings
The system, designed for harsh operating environments, includes high-efficiency propellers.
19 Jun 2014
Inside Opinion: What next for the KG Funds?
Inside Opinion: What next for the KG Funds?
The chastening market conditions of the last few years mean shipping no longer offers the low risk returns of old.
19 Jun 2014
Brent, Bunker Prices Rise as Fighting Continues at Iraq's Baiji Refinery
Bunker buyers beware, Iraq is a top 10 oil producer and exporter.
18 Jun 2014
DNV GL Gives Approval to GTT North America's LNG Bunker Barge Design
The barge uses a membrane containment system from French parent company Gaztransport & Technigaz (GTT).
18 Jun 2014
ICS: Port States Need to Prepare for New Sulfur, BWM Rules
"The huge costs involved could have a profound impact," said shipowners' group chair.
18 Jun 2014
Crude Benchmarks Tread Lightly Over Iraq Developments
WTI fell $0.69/bbl settling at $106.22 while Brent increased $0.55/bbl, finishing the day at $113.49.
17 Jun 2014
Brent Crude Oil Prices Trade Flat on Monday
Iraq continues lead the headlines, and the question is will this new uprising disrupt energy exports?
16 Jun 2014
ABB Onboard DC Grid Reduces PSV Fuel Use 27%
The technology can be applied to OSVs, ferries, yachts and other ships, reducing costs and pollution.
16 Jun 2014
New Emissions Monitoring System Ties in to GPS
The system can automatically alert the crew when a ship enters areas with specific regulations.
13 Jun 2014
Essar Group Seeks to Sell UK Refinery
The Indian company bought the Stanlow facility from Shell in 2011 for $350 million.
13 Jun 2014
Crude Skyrockets to 8-month High
Bunker prices were firm as Brent soared $3.07/bbl to $113.02/bbl, and WTI jumped $2.13/bbl finishing the day at $106.53/bbl.
12 Jun 2014
Weekly Vessel Scrapping Report: 2014 Week 24
Weekly Vessel Scrapping Report: 2014 Week 24
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from June 5th - 11th, 2014.
12 Jun 2014
NAT Offshore Spinoff IPO Worth $87M
The company will use some of the funds to buy two newbuilding PSVs.
12 Jun 2014
Inside Opinion: Bunker Credit Management - Champagne and Oysters at the Casino
Inside Opinion: Bunker Credit Management - Champagne and Oysters at the Casino
The top credit managers are revenue generators as well as risk mitigators.
12 Jun 2014
Little Change in Oil Markets on Wednesday
Overall the market shrugged off news that crude inventories were down more than expected.
11 Jun 2014
Sulfur Limits Could Hurt Recovery: ICS
"The most pressing challenge of ECA compliance is economic."
11 Jun 2014
WTI Trades Flat as Brent Pressured by Ukraine Tensions
Brent fell $0.47/bbl to 109.52/bbl, while WTI slipped $0.06/bbl to $104.35/bbl.
10 Jun 2014
Two More Secondhand Eco-Tankers for Ardmore
The 2008-built MR Product tankers will bring the company's fleet to 14 ships in the water and 10 on order.
10 Jun 2014
Fathom Spotlight: Switch Off and Plug In
A look at shore power, and Schneider Electric's innovative and distinctive shore-to-ship power connection solution, ShoreBox.
10 Jun 2014