World News

WFS: No New Risks in Marine Market

No "revelatory recovery" expected any time soon given "slack demand" in the marine market, CEO says.

5 Aug 2013

Chinese Bunker Sales Down in July

Industry sources say slow steaming, competition from Russia's Far East ports are hurting sales.

5 Aug 2013

Oil Markets Surge on Positive Global Economic Data

WTI rose $2.86 to settle at $107.89/bbl today and Brent climbed $1.84, settling at $109.54/bbl.

1 Aug 2013

WFS Has "Serious Objections" To Lac-Mégantic Cleanup Costs Order

The company said the railway company and local authorities have been managing the site.

1 Aug 2013

Scorpio Makes $190M Public Offering to Raise Funds for More Tankers

The company will offer 20 million shares of its common stock.

1 Aug 2013

WFS 'Especially' Pleased With Marine Segment's Q2 Results

The company's revenues from the sale of bunkers rose 5% to $4 billion.

1 Aug 2013

Tricks of the Bunker Trade: Fuel Delivered with High Water Content

Water can originate from number of sources, but deliberate injection cannot be ruled out.

1 Aug 2013

Sharp Rise for WTI as Cushing Stockpiles Fall

WTI gained $1.95 to settle at $105.03/bbl while Brent pushed up $0.79 to settle at $107.70/bbl.

31 Jul 2013

Fuel-Efficient Ships, Economic Improvement Boost Scorpio's Q2 Results

CEO Emanuele Lauro says improvement is "a result of stronger market fundamentals and a stronger Company."

31 Jul 2013

WTI Drops to Three Week Low

WTI falls $1.47 to settle at $103.08/bbl today, while Brent only shed $0.54 to settle at $106.91/bbl.

30 Jul 2013

Little Change for Crude benchmarks

WTI fell $0.15 to settle at $104.55/bbl, while Brent gained $0.28 to settle at $107.45/bbl.

29 Jul 2013

Teekay to Build Two More Fuel-Efficient LNG Carriers

The 173,400 cubic metre capacity ships will be built for delivery in 2016.

29 Jul 2013

EMP in Deal to Promote Technology to Greek Market

MIE will promote EMP's Aquarius MAS to Greek shipowners.

29 Jul 2013

Scorpio Bulkers Orders 11+ Ships to Start Operations

The sister company of Scorpio Tankers started operations with a $250 million private placement last month.

26 Jul 2013

Royal Caribbean Bunker Spending Down in Q2

The company swung to a profit compared with the same period in 2012.

26 Jul 2013

Star Bulk Raises $80.1 Million for Fuel-Efficient Ships

The stock offering "validates the confidence" from investors, company CEO says.

26 Jul 2013

Crude Markets Edge Higher

WTI inched up $0.10 to settle at $105.49/bbl and Brent gained $0.46 to settle at $107.65/bbl.

25 Jul 2013

International Shipholdings Vessels to Test New Scrubbers

The deal includes an option to buy the emissions control systems for 40 additional ships.

25 Jul 2013

Future Ship Power Study: Great Potential for Emission Reductions

Royal Academy of Engineering says long-term solutions could include battery power, alternative fuels, and nuclear power.

25 Jul 2013

Tricks of the Bunker Trade: The Cappuccino Effect

Aerated bunkers when sounded can hide a short delivery.

25 Jul 2013