World News

ABS Releases Advisory for Shipowners Considering Scrubbers
The classification firm says owners must look at regulations, various technologies, and their specific operational plans.
2 May 2013
WFS Q1 Marine Income Down Despite Increased Volumes
CEO Michael Kasbar said the marine market "continues to present a formidable challenge."
1 May 2013
Seaspan Reports Increased First Quarter Revenue, Profits
The company has been focused on boosting its financial position with new fuel-efficient ships.
1 May 2013
Record Scrapping of Less Fuel Efficient Vessels Points to Market Improvement
Navios Maritime Partners says it is "uniquely positioned" to take advantage of upswing in 2013.
1 May 2013
Daily Bunker Price Report, Tuesday April 30, 2013
The majority of bunker prices in the world's key ports all fell over the course of the month.
30 Apr 2013
Petredec Orders Eco-VLGCs
The gas trader says the new vessels will improve its efficiency and help it meet growing demand for LPG transport.
30 Apr 2013
Daily Bunker Price Report, Monday April 29, 2013
The week starts with firming prices as crude resumed its climb.
29 Apr 2013
Royal Caribbean Boosts Profits, Lowers Fuel Consumption
The company reduced per-passenger fuel consumption by 1.2 percent, for a 5,000 mt overall decline.
29 Apr 2013
"Uncertainty Reigns" for Marine Fuel Choices
Deep sea players most likely to adopt scrubbers, keep HFO, analyst says.
29 Apr 2013
India's Petronet LNG Inks 20 Year U.S. LNG Import Deal
The new agreement with United LNG brings their Gulf of Mexico project's subscription to half its off take capacity.
29 Apr 2013
Daily Bunker Price Report, Friday April 26, 2013
Friday sees bunker prices make further gains, as IFO380 in Los Angeles & Long Beach ends the week up $48.00.
26 Apr 2013
Rolls-Royce Gets Repeat Order for Fuel-Efficient Vessel
The ship's features include a fuel-efficient hull design and diesel-electric propulsion.
26 Apr 2013
Daily Bunker Price Report, Thursday April 25, 2013
Bunker prices firm after further gains for crude.
25 Apr 2013
Low Prices Lure Ships to Russia's Far East
Vessel owners can use small commodity purchases to bypass Russian taxes and get cheaper fuel, sources say.
25 Apr 2013
MAN Buys Alfa Laval Scrubbers for Cruise Ships
The order "proves the technical acceptance" of its technology among big industry players, Alfa Laval says.
25 Apr 2013
Natural Gas Could Displace 3 Million bpd of Bunkers
Overall, natural gas may drop global oil demand by almost 25%, says Citi Group research leader.
25 Apr 2013
Daily Bunker Price Report, Wednesday April 24, 2013
Bunker price movements were mixed today, but a number of key ports saw gains as WTI closed up $2.25.
24 Apr 2013
Lloyd's Register Finds Value in Wind Power
A seven-month trial provided data on using wind to augment ships' auxiliary power supplies.
24 Apr 2013
Chinese Ship Sinks After Fire in Antarctic
Authorities say the fire probably burned up any fuel on board, reducing the risk of a spill.
24 Apr 2013
Daily Bunker Price Report, Tuesday April 23, 2013
A number of key ports hit their lowest prices of the year so far today, but some gains were also recorded, particularly in North America.
23 Apr 2013