World News

TMT Hails U.S. Court Win in Bankruptcy Dispute
The Taiwanese company said it wants its creditors to work with it to assure continued cash flow.
18 Sep 2013
Inside Opinion: The Greek Masters
Inside Opinion: The Greek Masters
Having led the world pretty much since shipping began, are we coming to the end of the "Greek era"?
18 Sep 2013
Crude Prices Continue to Fall as Investors Anticipate Stimulus Program Reduction
WTI dropped $1.17 today, settling at $105.42/bbl and Brent fell $1.88 to settle at $108.19/bbl.
17 Sep 2013
Shell, Dubai Maritime City Ink LNG Agreement
The two parties will work together to promote LNG fuel in the UAE and wider region.
17 Sep 2013
LR: Sail Power Could Drop Fuel Costs 30 Percent
Lloyd's Register tests find wind could provide 50 percent of propulsion under certain conditions.
17 Sep 2013
Crude Markets Start the Week with a Drop
WTI dropped $1.62, settling at $106.59/bbl, while the Brent November contract decreased $1.63 to settle at $110.07.
16 Sep 2013
IBIA: No Distillate Fuel Problem Until 2020
Former IBIA chairman says global rules in 2020 will put pressure on the fuel, but the industry has time to adjust.
16 Sep 2013
Chinese Demand, Mideast Tensions Drive Up Bulker Rates
Capesize rates hit their highest level in more than 2 ½ years, but observers see no "full-blown recovery."
13 Sep 2013
Frontline Calls for Vessel Scrapping Fund
VLCC oversupply means that "we're all burning our money in this market," CEO says.
13 Sep 2013
Industry Waiting for Clearer Signals on LNG Bunkers
Consultant says supply chain, technology, rules for the use of the fuel are all lacking.
13 Sep 2013
Fathom Launches Free Guide to the Hull Coatings Market
Guide includes independent analysis of the anti-fouling hull coating solutions available on the market.
13 Sep 2013
Oil Markets Continue to Firm
WTI gained $1.04 to settle at $108.60/bbl and Brent rose $1.13 to settle at $112.63/bbl.
12 Sep 2013
Sat-Comms Said to Drop Operation Costs 10%
Ship owners "may not know what's possible" with modern communications technology, says Inmarsat President Frank Coles.
12 Sep 2013
DNV-GL Merger Clears Last Hurdle, Running as a Single Entity From Today
The new company has 17,000 employees at 300 sites in more than 100 countries and has revenues of €2.5 billion per year.
12 Sep 2013
Tricks of the Bunker Trade: Double Losses for Operators from Undeclared Fuel
Tricks of the Bunker Trade: Double Losses for Operators from Undeclared Fuel
Sometimes the receiving vessel will be as much as involved as the supplier in dubious bunkering practices.
12 Sep 2013
WTI and Brent Make Gains on Wednesday
WTI rose $0.17 to settle at $107.56/bbl today while Brent moved up $0.25, settling at $111.50/bbl.
11 Sep 2013
Maran Gas Carriers to Feature Electric Propulsion Motors
The shipping company accepted its first ship featuring the GE technology last month.
11 Sep 2013
IBIA: Bunker Sales Predicted to Grow in Asia, Decline in North America
The industry group says it also wants achievable sulfur targets.
11 Sep 2013
New Hull Coating Promises 6% Bunker Savings
Hepel's new Hempaguard coating also offers fouling resistance of up to 120 days during idle periods.
11 Sep 2013
Oil Markets Continue to Tumble
WTI fell $2.13 to settle at $107.39/bbl, while Brent dropped $2.47, settling at $111.25/bbl.
10 Sep 2013