World News

Crude Markets Edge Higher on Thursday

WTI rose $1.26 to settle at $105.03/bbl, while Brent only inched up $0.09, settling at $109.90/bbl.

22 Aug 2013

"Breakthrough Order" for Fuel-Saving ABB Package

The Swiss company will provide electrical propulsion and automation systems for two offshore accommodation vessels.

22 Aug 2013

Ardmore Orders Four Eco-Tankers

The orders from Japan's Fukuoka shipyard come to a total of about $118 million.

22 Aug 2013

Tricks of the Bunker Trade: Quantity Measurements by Flow Meter Only

Never agree and go by the flow meter only fuel delivery.

22 Aug 2013

Oil Markets Fall on Both Sides of the Atlantic

WTI dropped $1.26 to settle at $103.85/bbl, while Brent only fell $0.34, settling at $109.81/bbl.

21 Aug 2013

SkySails Hires Wärtsilä Veteran

"I'm convinced that the shipping industry must change course towards greater efficiency," new hire Gerdes says.

21 Aug 2013

COSCO International Profits Drop as Fuel Prices Fall

"It is anticipated that the overall market conditions will remain grim" in the second half of 2013.

21 Aug 2013

Crude Markets Settle Mixed After a Volatile Day of Trading

WTI for September settlement fell $2.14 to expire at $104.96/bbl, while Brent for October settlement gained $0.25 to end the session at $110.15.

20 Aug 2013

Fuel Scrubber Eyed for Shore-Side Use

Poly Shield Technologies says its fuel purification system might work for distribution of low-sulfur fuel from land.

20 Aug 2013

Speculators Lock in Profits as Crude Markets Fall

WTI fell $0.36 to settle at $107.10/bbl today and Brent dropped $0.50, settling at $109.90/bbl.

19 Aug 2013

Inside Opinion: New Truths

It's a brave new world, and credit analysis understand even the largest companies are at risk of going under.

19 Aug 2013

Maersk Line Profits Soar on Cheaper Fuel, Efficiency

Bunker prices dropped 15 percent, and the company reduced fuel use by 18 percent.

19 Aug 2013

Shipping Firm to Test Fuel Monitoring System

If the pilot program is successful, the system could be installed at seven shipping hubs worldwide.

16 Aug 2013

Oil Markets Continue Upward Trend

WTI gained $0.48 to settle at $107.33/bbl, while Brent gained $0.91 and settled at $111.11/bbl.

15 Aug 2013

Fuel-Blending System Promises ECA Compliance

The product is targeted mainly to ships that visit emissions control areas only occasionally.

15 Aug 2013

TORM Reduces Loss in Q2

The company has trimmed costs and agreed to sell ships after restructuring last year.

15 Aug 2013

Irish Shipping Company Orders Two Eco-Ships

Ardmore Shipping now has 10 ships on order, eight in its existing fleet.

15 Aug 2013

Tricks of the Bunker Trade: Flow meter / Pipe work Tampering

Bunker barges fitted with a flow meter should be checked for proper functioning.

15 Aug 2013

Crude Markets Settle Higher Wednesday After Larger-Than-Expected Draw on U.S. Stockpiles

WTI gained $0.02 by day's end to settle at $106.85/bbl, while Brent rose $0.38, settling at $110.20/bbl.

14 Aug 2013

NAT Continues Efficiency Drive as Loss Rises in Q2

The company says it "continues to move aggressively" on reducing fuel use.

14 Aug 2013