World News

Sources: Altor Looking to Sell OW Bunker
The supplier's parent company, a Swedish private equity firm, is said to have hired Morgan Stanley to advise it on the sale.
22 Mar 2013
Time-Lapse Video of Maersk Triple-E Construction Released
Maersk and the Discovery Channel show complete construction of a 1,312-foot long Triple-E containership in 1 minute and 17 seconds.
22 Mar 2013
Daily Bunker Price Report, Thursday Mar 21, 2013
Prices continue to fall in Asia, but are mixed in North America.
21 Mar 2013
Fuel-Efficient Bulkers Ordered from Japan
Knightsbridge Tankers said it expects the market for the ships to improve by the time they are delivered in 2015.
21 Mar 2013
Maersk Working on Two Biofuel Projects
The company promises to buy 50,000 tonnes of a lignin-based fuel if it can be produced to meet its criteria.
21 Mar 2013
Bunker Spill After Shanghai Collision
Oil from a containership spread over 124 marine miles after a collision with another ship, officials said.
21 Mar 2013
Rudder Control System Provides SEEMP Compliance
The product, which minimizes rudder movements to optimize fuel use, is available as a retrofit.
21 Mar 2013
Daily Bunker Price Report, Wednesday Mar 20, 2013
Distillate prices in some key ports hit their lowest level since last summer.
20 Mar 2013
Sekimizu: Whole Community Must Help with Low Sulfur Costs
The IMO chief said governments and energy companies need to help shipping get the kind of clean fuel as other industries.
20 Mar 2013
TORM Loss Increases in 2012
Costs related to restructuring, continuing difficulties in product tanker and dry bulk markets.
20 Mar 2013
Maersk Line: Fuel Efficiency Made Profits Possible
"CO2 performance is starting to become real competitive parameter" as customers choose a shipping line.
20 Mar 2013
Carnival Raises Revenues, Reduces Bunker Costs
Company CEO says "continued focus" on fuel consumption savings will drive higher return on investment.
20 Mar 2013
69% in Shipping Say Fuel Efficiency is Key to Improvement
The survey also found only 33% have plans for new ship orders, but that may be changing.
20 Mar 2013
Daily Bunker Price Report, Tuesday Mar 19, 2013
Bunker prices were a little mixed in Europe but were trending down elsewhere.
19 Mar 2013
Adjournment Number 6 for Titan Winding Up Hearing
Company calls the proceedings "an abuse of process."
19 Mar 2013
Japan Seeking Better Access to U.S. LNG
The fuel costs $16.70 per million Btu in Japan, compared with $2.83 in the U.S.
19 Mar 2013
Hong Kong Company Strikes Bunker Deal After "Hibernation"
Pan Asia Mining has said it is 'remodelling' its marine fuel business, which had been 'undergoing hibernation.'
19 Mar 2013
Daily Bunker Price Report, Monday Mar 18, 2013
The weeks starts with more gains for bunker prices, although prices in Europe were soft today.
18 Mar 2013
U.S. Sanctions Greek Ship Owner
The State Department says Dimitris Cambis disguised Iranian crude oil and bought tankers on NITC's behalf.
18 Mar 2013
Momentum Building for LNG Bunkers
An expert says new orders, plentiful natural gas, and regulations are all pushing the industry toward LNG.
18 Mar 2013