World News

Independence "Key to Success" for Hull Coatings Standard
International Paint calls for transparent methodology to compare effectiveness of coatings.
31 Dec 2013
Scorpio Says Write-Down Supports "Modern Fuel Efficient Fleet"
The company is recognizing a net gain of $14 million in connection with the write-down and sale of VLGCs.
31 Dec 2013
Titan Claims Restructuring Progress
Creditors approve plan, while GZE accepts standstill in shipyard repayment.
31 Dec 2013
BIMCO: LNG Bunkers "Gradually Picking Up Pace"
BIMCO Watchkeeper says vessel, infrastructure development moving forward globally.
30 Dec 2013
Aegean Receives Safety and Environmental Award
Supplier says it is honoured to be recognised for socially and environmentally conscious operations.
27 Dec 2013
Week Starts With Crude Benchmarks Down
Brent slipped $0.21 to settle at $111.56 while WTI fell $0.41 to settle at $98.91.
23 Dec 2013
New Hull-cleaning Robot Promises Bunker Savings
GAC EnviroHull says the remote-control HullWiper from is faster and safer than using divers.
23 Dec 2013
Accidents Hurt Carnival Results
The company's profits dropped in Q4 despite lower fuel costs.
23 Dec 2013
P3 Launch Expected in Late Q2 2014
"We are confident to receive an approval of the alliance," says Maersk Line executive.
20 Dec 2013
MPA Reminds Suppliers on Jan 1 U.S. Caribbean Sea ECA
Singapore MPA reminds bunker suppliers to ensure 1% sulfur limit for ships headed to region.
20 Dec 2013
Tricks of the Bunker Trade: Unpumpable Fuel, Zero Dip Volume Application
Tricks of the Bunker Trade: Unpumpable Fuel, Zero Dip Volume Application
Be wary that empty tanks may not be empty even with zero dip.
19 Dec 2013
U.S. Crude Production Continues to Gain Pace
WTI ended the day up $0.97, settling at $98.77/BBL while Brent gained $0.66, settling at $110.29.
19 Dec 2013
Introduction to Hedging Tools: Collars
Introduction to Hedging Tools: Collars
Collars are designed to hedge a company's fuel exposure by locking prices into a certain range.
18 Dec 2013
Federal Reserve Reducing Bond Buying by $10 Billion per Month
Bunker buyers should clear their desk of pending stems for the year.
18 Dec 2013
Curoil Expands Bunker Supply Operations
New subsidiary company Curoil Aruba supplying both onshore and offshore Aruba.
18 Dec 2013
Report: Carnival Knew About Fuel Line Hazards Before Triumph Fire
The cruise line was aware of generator problems and fuel-line leaks well before the February disaster.
18 Dec 2013
Bunker Prices Stable as Oil Markets Retreat
WTI fell $0.26 to end the session at $97.22/bbl while Brent's February contract dropped $0.97, settling at $108.44/bbl.
17 Dec 2013
Alfa Laval Gets Waste Fuel Recovery Order for 40 Ships
The order shows the PureDry system "is reaching wide acceptance," company says.
17 Dec 2013
Bunker Prices Firm as Crude Rises
Investors will also look to this week's inventory report for a look at U.S. supply & demand.
16 Dec 2013
DNV GL Promises New R&D Investments
The merged class society appoints Knut Ørbeck-Nilssen president of maritime division.
16 Dec 2013