World News

Crude Prices Lift as Investors Focus on Supply Worries

WTI gained $0.72 to settle at $106.83/bbl and Brent rose $0.85, settling at $109.82.

13 Aug 2013

Teekay LNG: Fuel-Efficiency Was Key Factor in Charter Contracts

The company's profits rose 92 percent in Q2 as voyage revenues held steady.

13 Aug 2013

Crude Markets Continue Friday's Gains

WTI gained $0.14 to settle at $106.11/bbl by day's end and Brent rose $0.75, settling at $108.97/bbl.

12 Aug 2013

Chemoil's Profits Up More than 400% in Q2

Higher margins in the Americas helped the company improve its profit despite a decline in overall volumes.

12 Aug 2013

WWH Profits, Volumes Shipped Fall

Despite the year-over-year decline, the company said volumes began recovering in Q2.

12 Aug 2013

Emsys: Rush to Install Scrubbers has Started

Making of emissions monitoring technology says it is gaining traction as ship owners seek more data on efficiency.

9 Aug 2013

OOIL Sees Loss in First Half of 2013, Citing High Fuel Costs

The company says it is revamping orders for large ships to improve their engine efficiency.

9 Aug 2013

Turbulence Models Could Save Billions in Fuel Costs

Scientists have developed new ways of modeling turbulence to reduce drag on ships and planes.

9 Aug 2013

Two Eco-Tanker Orders for Irish Shipping Company

Ardmore Shipping exercised options for the new ships after launching a public offering.

9 Aug 2013

Further Falls for Crude as Speculators Lock in Profits from Recent Gains

WTI fell $0.97 to settle at $103.40/bbl and Brent dropped $0.76, settling at $106.68/bbl.

8 Aug 2013

Hapag-Lloyd Returns to Profit as Fuel Prices Drop

The company said cost-cutting and lower bunker bills helped it in Q2 despite falling freight rates.

8 Aug 2013

Brightoil Starts Delayed Zhoushan Bunkering

The company now plans to start operations in Qingdao in late August.

8 Aug 2013

Tricks of the Bunker Trade: Inter-tank Transfers - Gravitating of Fuel

Fuel transferred from a high level to a low level by gravity means the same fuel quantity could be measured twice.

8 Aug 2013

Wednesday Bunker Prices Soft as Oil Markets Fall Further

WTI fell $0.93 to settle at $104.73/bbl, and Brent dropped $0.74 settling at $107.44/bbl.

7 Aug 2013

Tidewater Profits Slip as Revenues Rise

The company said it expects a "multiyear up cycle" in its OSV business as energy companies expand operations.

7 Aug 2013

Bigger Ships Put Pressure on All Ports

DP World says upgrades are needed even for smaller ports outside the Asia-Europe route.

7 Aug 2013

Oil Prices Continue to Fall

WTI falls $1.26 to settle at $105.30/bbl while Brent only dropped $0.52 to settle at $108.18/bbl.

6 Aug 2013

Eight More Fuel-Efficient Ship Orders for Scorpio Tankers

The company is buying four VLGCs and four product tankers, bringing it to 60 orders.

6 Aug 2013

Low-Cost Scrubber Installation OK'd

Poly Shield Technologies promises low-cost systems to reduce emissions.

6 Aug 2013

Crude Markets Settle Lower as Libya Plans to Increase Production

WTI fell $0.38 to settle at $106.56/bbl and Brent shed $0.25, settling at $108.70/bbl.

5 Aug 2013