World News

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.

18 Feb 2014

ExxonMobil Issues "Top-Tips" to Save on Bunker Costs

Supplier says vessel operators can save up to $3 per metric tonne on their bunker costs by optimising quality.

18 Feb 2014

Norwegian Cruise Line Orders Scrubbers for Six Ships

The installations will take place between this spring and 2016.

17 Feb 2014

Top 19% of the Most Expensive Vessels Account for 50% of the Global Fleet Value

The world's highest valued vessel is a 173,000 cbm LNG carrier scheduled for delivery in 2016.

17 Feb 2014

WFS Marine Fuels Results Down in 2013

The company increased its overall revenues and profits as aviation and land markets improved.

14 Feb 2014

Brent/WTI Spread at Lowest Point Since October 9th

WTI dips $0.02/bbl to $100.35/bbl while Brent slips $0.06/bbl, settling at $108.73/bbl.

13 Feb 2014

ICS: EU Should Wait on CO2 Monitoring

The shipping group's board is calling for the IMO to move forward with global monitoring rules.

13 Feb 2014

UPDATE 1: Chemoil Profits Down 32% in 2013

The fuel supplier said its biofuel business and Chemoil Energy startup contributed to its profitability.

13 Feb 2014

Greater than Expected Rise in U.S. Crude Supplies Diminish WTI Gains

WTI gained $0.43/bbl, settling at $100.37/bbl while Brent ticked up $0.11/bbl, finishing at $108.79/bbl.

12 Feb 2014

U.S. Approval of P3 Likely, with Conditions

European and Chinese regulators will wait for FMC decision before making their rulings, sources say.

12 Feb 2014

WTI Slips as Stimulus Efforts Set to Continue

WTI settled at $99.94/bbl, slipping $0.12/bbl while Brent finished at $108.68, up $0.05/bbl.

11 Feb 2014

Rising LNG Bunker Use Boosts Marine Tech Firm's Order Book

Bestobell Marine says its cryogenic valves are being used in new LNG-powered ferries and OSVs.

11 Feb 2014

WTI Makes Gains for a Fifth Straight Trading Day

Brent had slips $0.94/bbl to settle at $108.63, while WTI gained $0.18/bbl finishing the day at $100.06/bbl.

10 Feb 2014

Crude Benchmarks Continue Gains

WTI had gains $0.46/bbl, settling at $97.84/bbl, and Brent gains $0.94/bbl finishing the day at $107.19/bbl.

6 Feb 2014

Japanese Port Tipped for Shore Power System "Within the Next Year"

Port of Long Beach says Port of Yokohama visited them about a year ago after hearing about its shore power program.

6 Feb 2014

Crude Benchmarks Rise Despite Gloomy Jobs Report

WTI gained $0.19/bbl, settling at $106.25 while Brent rose $0.47/bbl, finishing the day at $106.25.

5 Feb 2014

Maersk Line: Low-Sulfur Rules will Mean Surcharge

The company expects 5 to 10 percent of its bunker purchases in 2015 to be low-sulfur fuel.

5 Feb 2014

Ardmore Gets $172M Credit Facility to Help with ECO Vessels

The funds will help pay for eight of the vessels the company has on order.

5 Feb 2014

WTI Makes First Gain in Three Trading Days

WTI gained $0.76/bbl resting at $97.19/bbl while Brent slipped $0.26/bbl, settling at $105.78.

4 Feb 2014

LNG to be 10% of Bunker Market by 2030: Study

The fuel is most likely to displace the use of MGO, Wood Mackenzie found.

4 Feb 2014