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Big Jump Up in Profits for Dry Bulk Shipper
Star Bulk is using $75 million from an equity offering for fuel-efficient vessels.
29 May 2013
Aegean Announces Syndication of its $800 Million Credit Facility
The credit offers more financial flexibility, which the company calls a "key competitive advantage."
29 May 2013
Daily Bunker Price Report, Tuesday May 28, 2013
Some double-digit gains seen as bunker prices rise in key bunkering ports today.
28 May 2013
Ship Finance to Add Four Fuel-Saving Containerships
The ships "will include the latest in eco-design features" to offer competitive performance.
28 May 2013
Maersk Tankers Retrofitting Vessels for Fuel Savings
The company says modernizing ships is preferable to buying new ones in an oversupplied market.
28 May 2013
High Bunker Prices Will Mean More Slow Steaming
Drewry finds "wide variance" in speeds among carriers on major routes.
28 May 2013
Firms Form Partnership for Arctic Oil and Gas Services
GAC Norway AS is teaming with Polar Logistics Group to serve oil and gas companies developing northern resources.
27 May 2013
ICS Warns Over Rising Bunker Costs
Stena AB CEO Carl-Johan Hagman says the rising cost of distillate fuel could have a dramatic impact on world trade.
27 May 2013
Daily Bunker Price Report, Friday May 24, 2013
Mixed movements in North and Western Europe on Friday, but Global bunker prices in most key ports ended the week lower.
24 May 2013
Daily Bunker Price Report, Thursday May 23, 2013
Bunker prices continue to head lower, and IFO380 in some key bunkering ports falls to new lows for the year.
23 May 2013
Fast Bunker Removal Pump Launched
The system is designed for use in the case of off-spec or incorrect fuelling, or maritime accident.
23 May 2013
Daily Bunker Price Report, Wednesday May 22, 2013
Bunker prices in the world's primary bunkering ports were soft on Wednesday.
22 May 2013
Maersk "100 Percent Certain" About Doubling Freight Rates
The company is seeking to recover from a drop in spot rates over the past two months.
22 May 2013
BV: Shipowners Showing Growing Interest in LNG Bunkers
The firm said demand for fuel-efficient designs is also high and that ship prices have hit bottom.
22 May 2013
Interferry Applauds Sector-Specific EEDI Approval
New designs "will have to be extremely innovative and advanced" to meet the requirements.
22 May 2013
Daily Bunker Price Report, Tuesday May 21, 2013
Bunker price movements were mixed for a second day.
21 May 2013
Aegean: "Conservative" Approach to Credit Limited Sales
As customers' credit improves, it will be "very easy for us to expand our tonnes," chairman says.
21 May 2013
Daily Bunker Price Report, Monday May 20, 2013
Bunker prices open the week with mixed movements, but generally making gains in Asia.
20 May 2013
Lower Bunker Costs Help Maersk Line to Q1 Profit
Efficiency improvements helped the shipping company's bottom line despite lower volumes.
20 May 2013
Texas LNG Plant Gets Export Permit
The permit is the second from the U.S. Energy Department allowing exports to non-Free Trade Agreement countries.
20 May 2013
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