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Ultrabulk Takes Action On Fuel Efficiency, Swings to Profit in 2012
The company says it is focusing on adding eco tonnage and improving efficiency in its existing fleet.
3 Apr 2013
'Significant Progress' for Chemical Shipper's Restructuring Plan
U.S. and Singapore courts give P.T. Berlian Laju Tanker more time to move forward with its plans.
3 Apr 2013
Golden Ocean Orders Two Fuel-Efficient Bulkers from Japan
The orders, with Japan Marine United Corporation, represent another in a series of bets on fuel-efficient vessels by John Fredriksen's companies.
2 Apr 2013
Singapore LNG Terminal to Start Operations
The nation's Jurong Island facility got its first LNG cargo from Qatar last week.
2 Apr 2013
Ship & Bunker Price Report, Monday Apr 1, 2013
Little month-on-month change for IFO bunker prices at key bunkering ports in March.
1 Apr 2013
New Marine Coating Saves Fuel by Imitating Shark Skin
German researchers are developing the coating, which uses moveable scales to reduce resistance and save fuel.
1 Apr 2013
Bunker Salvage Down 14 Percent in 2012
Bunker fuel represented a majority of oil-sector cargo recovered over the year, but recovery of other materials grew.
29 Mar 2013
"Good Time to Invest" as Shipping Confidence Highest in Two Years
Stephen Moore index finds the industry is looking toward a future of new investment in fuel-efficient vessels.
27 Mar 2013
20% Rise in Singapore Low-Sulfur Demand Predicted
With the North American ECA in place, demand for the fuel could reach 60,000 tonnes per month this year, industry players say.
27 Mar 2013
Fredriksen Places $2.6 billion Bet on Fuel-Saving Vessels
The company says reducing fuel expenses will let it operate at charter rates that otherwise wouldn't cover costs.
27 Mar 2013
Eco Ships Not the Only Solution For Reduced Bunker Costs
Bibby chief executive Simon Barham says fuel-saving measures are needed for existing ships too.
26 Mar 2013
Scorpio Tankers Continues its Newbuilding Order Spree
The six additional product tankers mean the operator is now set to double its fleet by the end of 2014.
26 Mar 2013
VLCC Market Still Struggling as Tanker Earnings Pushed Further Down
Weak demand, rising bunker prices pushed earnings down in February, Drewry says.
26 Mar 2013
IBIA Appoints New Chief Executive
Captain Peter Hall replaces Cliff Brand in April 2013, says there is much to do, both for the membership specifically, and the industry as a whole.
25 Mar 2013
Tanker Drifts 280 Nautical Miles to Save Fuel
The NORDEN vessel saved 27 tonnes of fuel by switching its engine off and travelling on wind and sea current alone.
25 Mar 2013
Panamax Ships Get the Greatest Eco Savings
The 4,500 TEU size sees the most savings from switching to optimised newbuilds, but larger ships are more efficient overall.
25 Mar 2013
INTERTANKO: Tanker Owners "In Really Dire Straits"
VLCCs operating on the spot market have lost $5.5 billion since 2009, says INTERTANKO managing director.
25 Mar 2013
Daily Bunker Price Report, Friday Mar 22, 2013
Bunker prices continued to trend down across global markets.
22 Mar 2013
ZIM Saves $1.4 Billion Through Cancelled and Postponed Ship Orders
Israel's largest container shipping company says it has managed to immediately cancel orders for 5 vessels.
22 Mar 2013
LNG Tanker "Dream Run" Over as Supply Outpaces Demand
Drewry Maritime Research says the global fleet will grow 20 percent by the end of 2015.
22 Mar 2013
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