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Aegean: Profits Up, Bunker Sales Down in 2013

The company's profits grew, despite falling revenues and volumes, as it refocused its strategy.

Rolls-Royce Developing Unmanned Ships, Could be Deployed Within a Decade

The drone vessels would reduce costs and improve fuel efficiency, and "the technology is at the level where we can make this happen."

Intertek ShipCare Manager Elected to IBIA Board

Michael Green "is a long-standing expert in bunker fuel and of the myriad issues related to bunker fuel quality."

Chemoil Plans SGX Delisting

Going private would reduce costs and regulatory burdens, the company says.

WTI Under Pressure as US Crude Inventories Expected to Rise

WTI dipped $0.99/bbl to $101.83 while Brent fell $1.13/bbl to $109.51/bbl.

Synthetic Fuel Firm Extends Maersk Deal

Quadrise also said two testing programs are scheduled for completion in Q2.

Crude Benchmarks Make Gains on Monday

WTI settled at $102.82/bbl up $0.62/bbl while Brent settled at $110.64/bbl, gaining $0.79/bbl.

$270M Funding for Peninsula Supply Expansion

The line is the first syndicated club deal for the firm, which will use it for its European operations.

LNG Adoption Demands Bunkering Facilities, Energy Major Support

"This is not an industry that's known for building infrastructure and hoping that demand comes."

WTI Falls Back from Four-Month High

WTI falls $0.39/bbl to $102.92, while Brent fell $0.17/bbl to $110.30/bbl.

NOL Reduces Net Loss as Efficiency Improves

Container division APL anticipates operational gains with large, fuel-efficient vessels.

Survey: 97% of Ship Owners and Operators Seeking Energy Savings

Most respondents say the industry needs a common methodology for collecting fuel consumption data.

WTI Continues to Make Gains

WTI gained $0.88/bbl, settling at $103.31/bbl while Brent only gained $0.01/bbl, settling at $110.47/bbl.

NCL: Revenues Up, But Profits Hit By Bigger Bunker Bills

Fuel costs and other expenses increased in 2013 as Norwegian Cruise Line pushed for growth.

Piraeus: Serious Bunker Availability Issues Due to Strike Action

Strike action is taking place today, and then on February 21, 22, 23, and 24.

IBIA: "Something is Wrong" as Off-Spec Fuel Reaches All Time High

The association has called on bunker suppliers to adopt the ISO 8217:2010 specifications for marine fuel.

OW Bunker Continues 20% Growth for 2013

Large independent suppliers are gaining share, while the total bunker market also grows.

WTI Soars Over Speculation on Crude Inventories

WTI jumped $2.13/bbl settling at $102.43/bbl, while Brent rose $1.38/bbl finishing the day at $110.46/bbl.

Jorgensen: Bunker Quality Issue "Frightens Me"

The Oldendorff Carriers's Director and IBIA Vice-Chairman says cat fine levels are on the rise partly due to blending of low-sulfur fuel.

Titan Releases 2012 Results Showing "Extreme Deteriorating Financial Position"

The company lost HK$4 billion that year, reporting operational losses and impairment of shipyard assets.

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