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LNG "One of the Main Marine Fuels of the Future," Says Wärtsilä CEO
The company says it is spending much of its R&D funds on developing the fuel.
23 Oct 2013
BIMCO Developing Standard Bunker Purchasing Contract
The standard language is being written with input from European and Singapore bunkering interests.
23 Oct 2013
Titan Names Provisional Liquidators
The company's creditors also create an informal committee.
23 Oct 2013
WTI-Brent Spread Expands to its Widest Since April
WTI for November delivery expired $1.42 lower at $97.80/bbl, while the Brent December contract gained $0.33 and settled at $109.97/bbl.
22 Oct 2013
Singapore's GDMA Has Contracts Cancelled, Banned from Future U.S. Government Business
The U.S. Navy terminated contracts with Glenn Defense Marine Asia worth $205 million over the bribery scandal.
22 Oct 2013
P3 Alliance Releases Details on Service Routes
Antwerp port "extremely pleased" at increase in calls as the lines centralise routes.
22 Oct 2013
IMO Head Calls for Quick Review of Low-Sulfur Fuel
"I have suggested that the study of availability of low sulphur fuel should be accelerated," Sekimizu says.
22 Oct 2013
NSR will Remain Main Arctic Route for Next Five Years: IMO Chief
Koji Sekimizu said use of the NSR will grow "dramatically," and the IMO must establish a Polar Code.
21 Oct 2013
Green Marine Issues Call for Papers
Green Tech 2014 will be held in Saint John, New Brunswick, Canada, on June 10 - 12, 2014.
21 Oct 2013
Crude Prices Weaken as Inventories Rise, and Demand Lowers
WTI dropped $1.59 to settle at $99.22/bbl, while Brent came back $0.30 to end the session at $109.64/bbl.
21 Oct 2013
Five Arrested for Selling Bunkers to Detained U.S. Vessel
Ship owner says it may have been the victim of local violations of the Essential Commodities Act.
21 Oct 2013
Second GDMA Official Charged in Bunker, Services Fraud Scandal
The company officials allegedly worked with U.S. Navy personnel to inflate fuel prices.
18 Oct 2013
Turbocharger Promises Big Bunker Savings
The technology, created by MHI and Calnetix, can optimise efficiency during slow steaming.
18 Oct 2013
Crude Markets Slide After Initial Rally
WTI dropped $1.62 to settle at $100.67/bbl, and Brent fell $1.48 to end the session at $109.11/bbl.
17 Oct 2013
Retrofits as Good as Eco-Newbuilds at "Fraction of the Cost"
Tanker company says more scrapping and an end to new vessel orders is needed if the market is to rebalance itself.
17 Oct 2013
Stena Oil: Government Tried to Sell Oil Illegally in West Africa
The oil company is accusing São Tomé of trying to sell $7.5 million in cargo from a ship seized in March.
17 Oct 2013
"Most Sophisticated" Marine Emissions Monitoring System Delivered
The system promises to measure nine emission types, including benzene and nitrous oxide.
17 Oct 2013
Tricks of the Bunker Trade: Magic Pipes, Concealed Bunkers, and 221B Surveys
Tricks of the Bunker Trade: Magic Pipes, Concealed Bunkers, and 221B Surveys
To find concealed fuel someone qualified has to go on board the vessel and get their hands dirty...
17 Oct 2013
Oil Markets Rally After U.S. Reaches Debt Ceiling Deal
WTI rose $1.08, ending the session at $102.29/bbl, while Brent for November settlement expired up $0.90 at $110.86/bbl.
16 Oct 2013
DNV GL Launching LNG Bunkering Guide
The Recommended Practice document aims to provide specific guidance for ship operators and fuel suppliers.
16 Oct 2013
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