World News

Inside Opinion: Lip Service for a Global Service

It is great to see Hollywood start to give a little bit more respect and regard for shipping.

16 Oct 2013

Crude Prices Fall, No Agreement on the U.S. Budget

WTI dropped $1.20 to settle at $101.21/bbl, and Brent came back $1.08 to end the session at $109.96/bbl.

15 Oct 2013

Crude Markets Start The Week Mixed

WTI rose $0.39, ending the session at $102.41/bbl, while Brent fell $0.24 to settle at $111.04/bbl.

14 Oct 2013

Fathom Spotlight: The Potential of Wind Power

A look at the existing 'knowledge gap' in relation to the potential of wind power technology.

14 Oct 2013

Two Eco-Design Chemical Carriers Ordered

"They will be delivered at a time when we expect the markets to have strengthened considerably."

11 Oct 2013

Maersk: Arctic Shipping "Not a Short-Term Opportunity"

CEO Nils Andersen says significant use of Arctic routes for commercial shipping will take 15 to 20 years.

11 Oct 2013

Crude Up as U.S. Makes Headway On Increasing the Debt Limit

WTI ended the day up $1.40 settling at $103.01 while Brent jumped $2.72, settling at $111.78.

10 Oct 2013

Tricks of the Bunker Trade: Dealing with Bunker Disputes

In case of the event of a short fuel delivery, remember that time is of the essence.

10 Oct 2013

Container Lines Will Save $5.5B on Their Bunker Costs in 2013

Source of savings include lower bunker prices, vessel slow steaming, and the introduction of more fuel-efficient ships.

10 Oct 2013

Crude Prices Fall as U.S. Inventories Rise

WTI ended the day down $1.88, settling at $101.61 while Brent closely followed suit ending down $1.10, settling at $109.06.

9 Oct 2013

Maersk Line Could Lose Largest Container Line Title

MSC is "well positioned to take over the lead carrier position."

9 Oct 2013

Crude Prices Rise on Tuesday

WTI rose $0.46 to settle at $103.49 while Brent rose $0.48 to settle at $110.16.

8 Oct 2013

Insurance Worries Almost Stopped Northwest Passage Trip

The Nordic Orion's historic trip demanded last-minute negotiations to achieve coverage for the voyage.

8 Oct 2013

Singapore's Ocean Tankers Pulls Its Vessels from Nova Tankers Pool

The company gave no explanation of the reasoning behind the decision.

8 Oct 2013

Chemoil, Dan-Bunkering Dispute Settled Out of Court

The dispute dates back to bunkers supplied in 2008 which allegedly caused problems for the supplied vessels.

8 Oct 2013

Crude Markets Open the Week Mixed

WTI fell $0.81 to settle at $103.03 and Brent gained $0.22 to end the session at $109.68.

7 Oct 2013

Scorpio Bulkers Orders 15 More Vessels

The Ultramax and Kamsarmax vessels will be delivered from Japanese and Chinese shipyards in 2015 and 2016.

7 Oct 2013

Losses Widen for Synthetic Fuel Firm

However "conditions are now highly conducive to commercial traction and success," Quadrise says.

7 Oct 2013

Petronas Investing $35B in Canadian LNG Project

The Malaysian energy company said the deal will open up Canadian energy to East Asian markets.

7 Oct 2013

New Reefer Ship Design Promises 40 Percent Cost Reduction

The vessel, intended for the banana trade, could be loaded and discharged much faster than current reefers.

7 Oct 2013