World News

Crude Benchmarks Fall as Economic Data Suggests Reduced Demand

WTI falls $0.92 to $95.72/bbl while Brent dropped $1.19/bbl to $106.69.

27 Jan 2014

Green Groups Critique Polar Code

The groups say the rules downplay the dangers of icy waters and fail to guard against pollution.

27 Jan 2014

Brightoil Predicts Profit in H1 2014

The company said improvements in several areas helped it swing from a loss.

27 Jan 2014

"Significant" Reduction in Bunker Consumption for New Seabourn Cruise Ship

Fincantieri says the luxury ship it is building will have optimised hydrodynamics to minimise fuel consumption.

24 Jan 2014

WTI Gains Continue as Distillate Inventories Plummet

WTI rose $0.59, settling at $97.32 while Brent retracted $0.69, settling at $107.58.

23 Jan 2014

"Significant Enhancing" of Fuel Efficiency with New Ships

Evergreen Line has now received 17 of 30 ships in a fleet renewal program designed to improve its market position.

23 Jan 2014

IMO Head: States and Industry Must Implement Rules

Sekimizu said the IMO will push for ratification of conventions and implementation of existing ones in 2014.

23 Jan 2014

DNV GL: Safety Key for New Methanol-driven Tankers

DNV GL rules to be used for new vessels built to run on methanol.

23 Jan 2014

Operations Underway for New Global Bunker Player

Soyuz Bunkering Group is "slightly different to the other players in the market," the company tells Ship & Bunker.

23 Jan 2014

Crude Benchmarks Charge North

WTI was up $1.74, settling at $96.73/bbl, while Brent jumped $1.54, to $108.27/bbl.

22 Jan 2014

Ardmore Upgrading Secondhand Tanker to Eco-Mod

The company is continuing to expand its fleet with fuel-saving newbuilds and retrofits.

22 Jan 2014

Environmental Group Calls for Arctic HFO Ban

A shipping company head responds that such a ban would keep vessels out of the Arctic.

22 Jan 2014

Crude Benchmarks Climb on Forecasted Global Growth

The WTI February contract expired today at $94.99/bbl, rising $0.62/bbl. Brent settled at $106.73, up $0.38/bbl.

21 Jan 2014

Large, Fuel-Savings Ships Key to APL Cost Cuts

The company is now reorganising its structure to continue to improve competitiveness.

17 Jan 2014

Four Eco-Tankers Launched Ready for 2025 CO2 Limits

The d'Amico Group says it will also launch more vessels in the dry cargo business in 2014.

17 Jan 2014

Inside Opinion: Euronav, Maersk Tankers, and the VLCC Long Game

It is no secret that the big tankers have had a terrible last few years. But like the Grand National, it's about the long game.

17 Jan 2014

Investor Caution Puts Crude Benchmarks in Flux

By the end of the day WTI slid $0.21 to $93.96, Brent inched lower by $0.04, settling at $107.09.

16 Jan 2014

WTI Surges as U.S. Crude Stockpiles Plummet 7.66 Million Barrels

WTI jumped $1.58 by the end of the session, settling at $94.17 while Brent rose $0.74 finishing at $107.13.

15 Jan 2014

U.S. Oil Market Rebounds

By the end of the session WTI gained $0.79, settling at $92.59. Brent slid $0.36, ending the day at $106.39.

14 Jan 2014

Endofa Reports "Successful" First Year of Operations

Management says loss of $500,000 is "satisfactory" given the "significant investments made in 2013."

14 Jan 2014