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Stolt-Nielsen Triples Profit
The company's tanker division swung to an operating profit in the third quarter.
4 Oct 2013
Star Bulk Public Offering to Fund New Vessels
The carrier is selling 7 million shares at $8.80 per share, partly to pay for nine newbuildings.
4 Oct 2013
Tricks of the Bunker Trade: Can You Beat the Coriolis Flow Meters?
Tricks of the Bunker Trade: Can You Beat the Coriolis Flow Meters?
Mass flow meters promise to prevent many of the current tricks employed by unscrupulous individuals.
4 Oct 2013
Two More Eco-VLCCs for AET
The tanker operator said the ships are some of the "greenest VLCCs operating in today's market."
4 Oct 2013
Oil Markets Come Back Down as Investors Focus on U.S. Government Shutdown
WTI dropped $0.79 to settle at $103.31/bbl, while Brent only came down $0.19 to end the session at $109.00/bbl.
3 Oct 2013
Rate Hike Efforts Failing, Current Levels "Unsustainable"
Maersk and other big carriers are facing too much overcapacity to make increases stick.
3 Oct 2013
Crude Prices Rebound as Investors Speculate Over Keystone Pipeline
WTI jumped $2.06 to settle at $104.10/bbl and Brent gained $1.25 to end the session at $109.19/bbl.
2 Oct 2013
Maersk Line: Overcapacity Will Last at Least Five Years
CEO Soren Skou said the industry must seek to reduce capacity rather than dropping rates.
2 Oct 2013
"Defining Moment" as Private Equity Firm Agrees to Buy DNVPS
DNVPS was not included as part of DNV's recent merger with Germanischer Lloyd SE.
2 Oct 2013
Inside Opinion: Getting the Amount of Bunkers You've Paid For
Inside Opinion: Getting the Amount of Bunkers You've Paid For
Some companies are regularly ordering by standard procedure 5% more bunkers than needed.
2 Oct 2013
Oil Continues to Decline as U.S. Government Begins Partial Shutdown
WTI fell $0.29 to settle at $102.04/bbl, while Brent dropped $0.43 to end the session at $107.94/bbl.
1 Oct 2013
Hapag-Lloyd Orders DNV GL Hull Monitoring System
GL HullManager software offers 3D models of vessels to simplify inspections and repairs.
1 Oct 2013
IACS: Ship Efficiency Assessment Needs "Evidence Based" Rules
The group said the IMO should lead the development of a database of new rules and designs.
1 Oct 2013
KG Funds Expected to Loose Out as Triple-E's Enter Service
KG funds will be left holding smaller ships that Maersk Line removes to make room for the new mega-vessels.
1 Oct 2013
Crude Markets Fall Ahead of a Possible U.S. Government Shutdown
WTI dropped $0.54 to settle at $102.33/bbl and Brent fell $0.26 to finish at $108.37/bbl.
30 Sep 2013
Synthetic Fuel Firm Quadrise Sees Share Price Quadruple
The developer of the alternative bunker fuel, MSAR, says it is not aware of any specific reason behind the recent gains.
30 Sep 2013
Bunker Detectives Go Global
Marine and cargo surveying firm opens offices in Singapore, Rio de Janeiro, Kuwait, and Shanghai.
30 Sep 2013
BIMCO: LNG Bunkers "Not an Option" for Most Ships
John Denholm says retrofits are too costly and distribution systems are lacking.
27 Sep 2013
Maersk Line: We Misjudged the Market When Ordering 20 Triple-E's
The new P3 alliance of Maersk Line, GMA CGM, and MSC represents a new effort to cut costs and reduce capacity.
27 Sep 2013
Ecoship Claims Exaggerated, Says Berge Bulk CEO
Berge Bulk CEO says its 27-year-old ship is more fuel-efficient than many newly ordered vessels.
27 Sep 2013
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