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MOL Announce Safety Inspections for MOL Comfort Sister Vessels

MOL, along with MHI and ClassNK will inspect the six vessels "as quickly as possible."

Micky Arison to Step Down as Carnival CEO After 34 Years

Arnold W. Donald will take over on July 3, and Arison will continue to serve as Chairman of the Board.

Carnival Lowers Its Bunker Costs by 14%

By the year end, the cruise company expects to drop its fuel use by 23% since 2005 as its efforts in fuel saving technologies "continue to bear fruit."

Rosneft in $270B Oil Deal with China

The agreement calls for the company to provide China with an extra 300,000 bpd for 25 years.

Chinese Buy 20% Stake in Russian LNG Project

The Yamal Peninsula plant is set to be built in 2018, helping increase Russia's exports of the fuel.

Savings Expected from New Containership Alliance

The deal aims to help rationalise the market in the face of "extremely low rates"

Singapore's Yujin Gets $6M Refund from Cancelled Tanker Order

Tanker owner and charterer says it was refunded all monies it paid upfront plus interest.

Inside Opinion: I Say We Nuke It, It's the Only Way to be Sure

Inside Opinion: I Say We Nuke It, It's the Only Way to be Sure

In their first blog for Ship & Bunker, our maritime expert argues the case for nuclear powered merchant vessels.

Rosneft Signs Croatian Bunkering Deal

The agreement also includes oil and petroleum product infrastructure in the country.

Total Lubmarine: Shipowners Choose Single Oils for Safety, Simplicity

New environmental regulations and higher fuel costs demand higher performance from lubricants, Total Lumbmarine says.

Report: Ship Scrubbers are Fast-growing Market

Across all industries, the market for scrubbers and related equipment is projected to hit $7.5 billion in 2017.

STX Pan Ocean Makes U.S. Bankruptcy Filing

The move is intended to protect it from U.S. creditors while its receivership process moves forward in South Korea.

Vancouver IFO380 Stays at a Discount to Singapore

The product has been at a discount of around $4 to $5 pmt since June 11, making it the longest such run this year.

TORM to Delist from Nasdaq Capital Market

The company is pulling the shares due to the program's small size and expense.

Drewry: VLCC Rate Rise in May Could Be Short-Lived

Drewry says Arabian Gulf shipments helped the market, but tanker markets remained generally weak.

MOL Comfort: Salvage Company Proceeding to Rescue the Cargo and Hulls

In today's update, MOL also confirmed "no large volume of oil leakage" after Monday's incident.

Traders Say Bunker Price Manipulation is "Common"

"Effectively, it's not illegal or corrupt," says trader. "You're just increasing the amount of buying pressure on the market."

Maersk Line, MSC, CMA Plan Operational Alliance

Responding to falling shipping rates, the companies want to share space on ships for greater efficiency.

Update: MOL Comfort Still Afloat After Breaking in Two

Earlier reports attributed to the ICG said the vessel sank off the coast of Yemen.

Bunkering Iranian vessels Could Violate New U.S. Sanctions

Tougher U.S. sanctions effective July 1, 2013 apply to vessels tied to the Iranian government or flying the nation's flag.

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