World News

Eco-MR Time Charters Command Extra $8,000 Per Day

As fuel costs rise, "it is not surprising" that eco-vessels command thousands in savings, report says.

3 Sep 2013

UASC Triple-E Ships to be "LNG-Ready"

DNV says it will class five 18,000 TEU ships being built by HHI.

3 Sep 2013

OW Bunker Starts Physical Supply in West Africa

The company will supply a range of fuels and lubricants from a newly launched tanker, with another due to start operations by year's end.

2 Sep 2013

Crude Markets Fall Back from Multi-Month Highs

WTI fell $1.30 to settle at $108.80/bbl, while Brent shed $1.45, settling at $115.16.

29 Aug 2013

Synthetic Fuel Maker Inks Deal to Start Maersk Supply

The company will begin providing fuel to Maersk this year to conclude performance evaluations.

29 Aug 2013

Scorpio Tankers Gets New $429.6M Loan for More Newbuildings

The loan, through the Export-Import Bank of Korea and a "leading financial institution" will help finance newbuildings.

29 Aug 2013

Euronav Pleased with Energy-Saving Tech

The company said Mewis Ducts have been one of the best improvements.

29 Aug 2013

Frontline: Tanker Market "Massively Oversupplied"

The company said it is looking at scrapping vessels over 15 years old in light of low market rates.

29 Aug 2013

NAT Ships "Greener and Greener"

The company says it is looking at possible growth through new investments.

29 Aug 2013

Tricks of the Bunker Trade: Pumping / Mixing Slops into Bunkers

Introducing slops will reduce the actual fuel amount and also can create engine problems.

29 Aug 2013

Bunker Markets Firm as Crude Continues to Rise

WTI gained $1.09 today, settling at $110.10/bbl, while Brent pushed up $2.33, settling at $116.61/bbl.

28 Aug 2013

Mexico Seeks Maritime Investment From Singapore

The nation wants to have "four world-class ports" and a strong shipbuilding industry.

28 Aug 2013

New Automatic HFO-MGO Switch Introduced

The system cools MGO and the ensures the lubrication of the ship's engines during a changeover.

28 Aug 2013

WTI Hits 18-month High as Crude Prices Make a Big Jump Up

WTI jumped up $3.09 to settle at an 18-month high of $109.01/bbl, Brent gained $3.55, settling at a 6-month high of $114.28/bbl.

27 Aug 2013

Ardmore Shipping Loss Widens in Q2

With newbuild orders, the company is "well positioned" for improvements in the charter market, CEO says.

27 Aug 2013

Caribbean Bunker Player Cuts Deal with "Major" Trading Company

NuStar Energy says the deal will reduce its working capital expense by $40 to $50 million.

27 Aug 2013

Inside Opinion: Are Bunker Companies Adding in a Bad Debt Premium into Bunker Prices?

In the current bad debt risk climate, are bunker companies pushing up prices artificially by adding in a bad debt premium into bunker prices?

27 Aug 2013

Crude Markets start the Week with a Slight Drop

WTI fell $0.50 to settle at $105.92/bbl, while Brent dropped $0.31 to settle at $110.73/bbl.

26 Aug 2013

Frontline 2012 Takes Share in Avance Gas Holdings

The deal includes a possible sale of Frontline 2012's eight new VLGCs to Avance Gas.

23 Aug 2013

OW Bunker Names Physical Division VP

Søren Christian Meyer was promoted from his previous position as the company's global sales director.

23 Aug 2013