World News

DNV GL Service Promises Newbuild Fuel-Efficiency Guarantee

Build2Design "aims at ensuring that the actual ship delivered is as good as its design."

24 Mar 2014

New Wärtsilä Flexible Fuel Engine

The 46DF engine aims targets merchant, cruise, LNG carrier markets.

24 Mar 2014

FMC Points to Reduced Bunker Consumption as it Backs P3 Alliance

"Significant environmental benefits" expected from P3's reduced fuel use and introduction of eco-ships.

24 Mar 2014

New MD for Bomin Deutschland

Naming Mathias Berndt of OMB brings two divisions closer together, Bomin says.

21 Mar 2014

Seaspan Receives First SAVER Design Eco-Ship

The 10,000 TEU vessel will be leased on Hanjin on a 10-year charter.

21 Mar 2014

Crude Makes Mixed Movements on Thursday

WTI retreated $0.94/bbl settling at $99.43/bbl, while Brent gained $0.60/bbl, finishing the day at $88.83/bbl.

20 Mar 2014

Weekly Vessel Scrapping Report: 2014 Week 12

Stemmed a scrapped vessel recently? VesselsValue.com lists the demolition sales from March 13th to 19th 2014.

20 Mar 2014

Modelling Software Drops Fuel Use by 5.8%

Ship operator Bore is expanding the use of Napa software to more vessels after successful trials.

20 Mar 2014

Crude Down As Federal Reserve Talks Interest Rate Hikes

WTI ended the day down $0.76 at $100.46/bbl, while Brent dropped $0.94 to $105.85/bbl.

19 Mar 2014

INTERCARGO: We Don't Burn Bunkers For Fun

Also speaking at the opening of CMA's Shipping 2014 conference, BIMCO President John Denholm says some environmental regs are unfair.

19 Mar 2014

Second Guilty Plea in GDMA Scandal

Alex Wisidagama, general manager of the contractor and cousin of owner Francis, could face 10 years in prison.

19 Mar 2014

ClassNK Buying Software Maker Napa

The Japanese class society says the deal reflects the importance of software in ship efficiency.

19 Mar 2014

Report: LNG Now a Serious Fuel Choice

Small-scale production is making the use of the fuel more practical for shipping, consultant says.

19 Mar 2014

OW Bunker IPO by April 2

Sale of $20.5M in new shares could bring total market value to as much as $1 billion.

19 Mar 2014

Oil Prices Increase Over Optimism in the Markets

Bunker prices started the day stable, but firmed by the end of the day.

18 Mar 2014

24,000 TEU Ships Predicted in 4-5 Years

"Capacity grows by around 30 percent every four to five years" says insurer Allianz.

18 Mar 2014

Crimea Sanctions Send Crude Markets Tumbling

Brent ended the session at $106.24/bbl, retreating $1.97/bbl, while WTI slipped $0.81/bbl, finishing the day at $98.08/bbl.

17 Mar 2014

LNG-Powered Cargo Carrier Starts Testing in China

The vessel, one of two ordered by Norway's Nor Lines, is said to be the first of its kind.

17 Mar 2014

Industry Insight: ExxonMobil Discusses Bunker Quality Issues Facing the Industry

Field Marketing Manager Iain White tells Ship & Bunker why its happening, what it means for bunker buyers, and what lies ahead for 2015.

17 Mar 2014

Crude Markets Mixed on Surprising Economic Data

WTI gained $0.21/bbl settling at $98.20, while Brent finished the session at $107.39, slipping $0.63/bbl.

13 Mar 2014