World News

Natural Gas Producers Target Marine Transport
The industry is debating markets for the fuel including bunkering, power generation and land transport.
10 Sep 2013
LNG Market Has Reached a "Scale and Size that is Interesting"
Glencore Xstrata says the liquefaction of gas creates opportunities for arbitrage through global shipping.
10 Sep 2013
Wind, Solar Technology Shortlisted for Maritime Innovation Award
EMP's Aquarius MRE System aims to reduce fossil fuel consumption, air pollution, and carbon emissions by harnessing solar and wind power.
9 Sep 2013
Bunker Prices Soft as Oil Starts the Week Lower
WTI fell $1.01 to settle at $109.52/bbl today, while Brent plummeted $2.40 to settle at $113.72/bbl.
9 Sep 2013
Analysis: USG No. 6 3% vs WTI
Comparison prepared by bunker broker and trader Merlin Petroleum Co., Inc..
9 Sep 2013
Greek Shipper To Sell its Vessels, Settle Debts
TOP Ships says it will use the proceeds from the six ships to pay down debt and start acquiring new ships.
9 Sep 2013
Flow Meter System Saves Shipping Company $32,000
Insatech says its technology prevented the vessel from being charged for more fuel than it received.
9 Sep 2013
New Bunker Stem Audit Service Launched
The Bunker Detectives are now providing the new audit service globally in all major bunkering hubs.
9 Sep 2013
P3 Alliances Promises Work for "the Common Good"
Lars Michael Jensen named future CEO of the network centre, and says the company should start work in six months.
6 Sep 2013
Strong Uptake Reported for New Hull Coatings
Higher bunker prices drive "growing awareness of the economic importance of underwater hull condition."
6 Sep 2013
Focus on Ports and Terminals at Intermodal Europe in Hamburg
Intermodal Europe 2013 will be held in the active port area of Hamburg, Germany, from 8-10 October.
6 Sep 2013
Alternative Fuels a "Major Topic" at Annual Conference
Interferry's annual event is being held in Malta from October 5-9.
6 Sep 2013
Oil Markets Rise as Cushing Stockpiles Fall to 17-month Low
WTI gained $1.14 to settle at $108.37/bbl, and Brent rose $0.35 to settle at $115.26/bbl.
5 Sep 2013
Tricks of the Bunker Trade: Questionable Tank Calibration Tables
Tricks of the Bunker Trade: Questionable Tank Calibration Tables
Having more than one set of sounding books is not uncommon and having the tables modified to the supplier's advantage is always a possibility.
5 Sep 2013
DNV-GL Merger Could Close this Month
The deal has received approval from the EU, U.S., and South Korea, but needs Chinese OK.
5 Sep 2013
Russian Low Prices Hurt Shenzhen Bunker Sales
Sales dropped 20 percent since the start of the year as major shipping lines refuel at Russian ports.
5 Sep 2013
Crude Markets Retract from Yesterday's Gains
WTI dropped $1.31 to settle at $107.23/bbl, and Brent dropped $0.77, settling at $114.91/bbl.
4 Sep 2013
FLEX LNG, SHI Settle Dispute, Reach Deal for Two New Vessels
The new purchases represent the resolution of a dispute over a cancelled order.
4 Sep 2013
Natural Gas Industry Leaders to Meet with Governments to Discuss Future Global Energy Strategies
One of the most significant of these meetings will take place on 23-24 March 2014 in Seoul, Korea, at the Gastech Conference & Exhibition.
3 Sep 2013
Crude Markets Move Up Over Concerns of Middle East Supply Disruptions
WTI gained $0.89 to settle at $108.54/bbl, while Brent gained $1.35, settling at $115.66/bbl.
3 Sep 2013