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Carnival UK: Rising Bunker Costs Mean Cruise Ships Will Get Bigger

CEO says cruise vessels will be too large to stop at many world ports.

Ultrabulk Adding More "Eco-Design" Vessels to its Fleet

The Danish shipping firm says it is adding five vessels to its long term fleet.

Daily Bunker Price Report, Thursday May 9, 2013

IFO prices headed down across the globe today, while some markets saw mixed movements for distillates.

TORM Loss Down in Q1 After Restructuring

The company says the product tanker segment was the best in four years.

ABB: Market is Moving Towards Dual-Fuel Engines

Engines that can run on LNG are already in demand, and their use will only ramp up further in the next decade.

Daily Bunker Price Report, Wednesday May 8, 2013

Bunker prices soften in North America, but are firm in Europe.

India Ready for Iran Port Investment, Mulls Iran-Pakistan Pipeline

The last construction phase of the natural gas pipeline between Iran and Pakistan started in March.

New PSV Propulsion Systems Reduce Fuel Consumption Up to 15%

GE Promises $300,000 per year fuel savings from the systems, with a payback time of less than a year.

Odfjell: High Bunker Costs are a Serious Concern

Norwegian firm increased its Q1 loss despite improving supply-demand balance in the chemical tanker market.

Daily Bunker Price Report, Tuesday May 7, 2013

Bunker prices continued to rise as crude corrected much of yesterday's gains.

Singapore's Yujin Withdraws Delist from London AIM

Move comes after being approached by a potential strategic partner.

Pakistan LNG Import Project Stopped

Plans to import the fuel from Qatar are "in doldrums" after a dispute over pricing, an official said.

Daily Bunker Price Report, Monday May 6, 2013

After a firm Friday, bunker prices opened the week with gains on Monday.

Fathom Launches Second Edition of Ship Efficiency Guide

Managing Director says fuel and emission saving is absolutely crucial to profitable future shipping operations.

Agreement Would Allow U.S. Military Bunkering at Maldives

The status of forces agreement does not reflect U.S. plans for a permanent base in the country, an embassy spokesperson said.

Maersk Line: Deploying More Capacity is "Really Stupid, Stupid Strategy"

Maersk Line chief Soren Skou says the industry could be close to a rate war unless more vessels are removed from service.

Daily Bunker Price Report, Friday May 3, 2013

Bunker prices end the week firm in many key ports around the world.

Former Microsoft Executive Takes Maersk Line Role

Stephen Richard Schueler brings sales experience from Microsoft, and Proter & Gamble to his new position.

Daily Bunker Price Report, Thursday May 2, 2013

Bunker prices were mostly heading down today after holidays made it a quiet day yesterday.

Russian Official Calls for Japanese Backing of LNG Plant

Sakhalin Governor Alexander Khoroshavin wants to build a second LNG plant in the framework of the current Sakhalin-1 project.

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