World News

Shell Buys LNG Assets in Latin America, Spain
Import and export terminals will help the world's largest LNG company further expand its network.
27 Feb 2013
APL: Reducing Bunker Consumption "Absolutely Critical"
The firm says it made some $227 million in savings on reduced bunker costs last year.
27 Feb 2013
Survey Points to a Lack of Trust in the Bunker Industry
Industry players say when dealing with their partners in the bunkering industry, trust is a bigger issue than price.
27 Feb 2013
Daily Bunker Price Report, Tuesday Feb 26, 2013
Bunker prices were still heading down today, but some gains were seen in Mediterranean and Black Sea, and North American Atlantic ports.
26 Feb 2013
Scorpio Tankers Reduces Its Losses
The company says rising product tanker demand will support its investment in new tankers.
26 Feb 2013
Daily Bunker Price Report, Monday Feb 25, 2013
Some gains were seen in North and Western Europe, but bunker prices were still heading down elsewhere.
25 Feb 2013
Frontline Sees Revenues, Loss Down in 2012
The company is continuing to reduce its fleet, and reports "one of the worst winters ever" for crude tankers.
25 Feb 2013
NAT CEO: Tanker Market Has Now Hit Bottom
Herbjørn Hansson says the company is investing in newbuildings to take advantage of low prices.
25 Feb 2013
Maersk Line Recovery Drives Group Profits in 2012
The company said volume growth, cost reductions, and rate increases helped it do better.
25 Feb 2013
Teekay Narrows Loss in 2012
The company said the market for conventional tankers will remain week through 2013.
25 Feb 2013
Daily Bunker Price Report, Friday Feb 22, 2013
Global bunker prices end the week with further losses.
22 Feb 2013
Firm to Produce Commercial Volumes of Synthetic Fuel from Mid-2013
Quadrise Fuels International says it remains on track for full commercial roll-out during 2014.
21 Feb 2013
AET Hails VLCC Newbuild's Ballast Water System
AET say it has received one of the world's first newbuilds to comply with the IMO's Ballast Water Management Convention.
21 Feb 2013
Daily Bunker Price Report, Wednesday Feb 20, 2013
Global bunker prices continued to fall today, with small gains in Fujairah one of the few exceptions.
20 Feb 2013
Concerns Over China's Gwadar Port Takeover "Groundless"
State run China Overseas Port Holding Company took over control of Pakistan's Gwadar port on Monday.
20 Feb 2013
Fifth Adjournment for Titan Hearing
The planned February 15, 2013 hearing of a winding up petition will now take place on March 15, 2013.
20 Feb 2013
Rosneft Seeks Asian Partners for Arctic Oil, Gas
The Russian company's president is reaching out to Chinese and Japanese companies.
20 Feb 2013
ZIM Signs Bunker Deal with Israeli Refiner
Fuel prices for ships anchored in Israel will be based on international markets.
20 Feb 2013
Daily Bunker Price Report, Tuesday Feb 19, 2013
Most markets saw bunker prices fall for a second day.
19 Feb 2013
VLCC Booking Rates Up After Chinese Holiday
Middle East-Asia route continues to lose money for the vessels as fuel costs rise.
19 Feb 2013