World News

Daily Bunker Price Report, Monday Feb 18, 2013
Ship & Bunker data showed global bunker prices were generally lower on Monday.
18 Feb 2013
Emma Maersk: Immediate Repairs Complete
But Maersk Line say it will be "several months" before she is back in service.
18 Feb 2013
WWH Profits Up 48% in 2012
The company said it benefited from strong shipping performance in the first half, but the market dropped in recent months.
18 Feb 2013
Rolls Royce Marine Orders Rise 44%
UK nuclear submarines, Brazil oil, and gas helped boost its performance for the year.
15 Feb 2013
New Monitoring Tool to Detect Sulfur Level in Fuel
The new system can detect levels of sulfur, cat fines, and other materials in fuel and oil.
14 Feb 2013
Shale Oil May Boost Global Economy by $2.7 trillion
The newly available oil could have an economic impact equal to adding a UK-size economy to the world.
14 Feb 2013
Fuel-Saving Two-Stroke Gas Engines for New Teekay Vessels
"These engines place us at the forefront of technology in the marketplace," says Teekay manager.
14 Feb 2013
International Bunkering Welcomes Two New Traders
Andreas Johansen joins the team in Dubai, Maureen Leong joins the team in Singapore.
14 Feb 2013
Ballast Water System is a "Good Solution" for Retrofits
A.P. Moller-Maersk tested the non-chemical system on two ships and says it is space-efficient and quick to install.
14 Feb 2013
NYK Line Receives Environmental Recognition
The company is using new technology and optimising ship movements to reduce fuel use.
13 Feb 2013
Japan Signs Oil Deal with Saudi Arabia
As domestic demand grows in the Middle Eastern nation, Japan is securing supply in case of emergency.
13 Feb 2013
DNV: Capture of up to 65% of CO2 "Technically Feasible"
The new technology uses chemical absorption to separate CO2 from flue gasses.
13 Feb 2013
Bunker Prices Set to Rise in 2013
McQuilling Services LLC predicts bunker prices will hit $760 per metric tonne by 2017.
13 Feb 2013
New Biofuel Pretreatment System Launched
Alfa Laval said the prefabricated units give producers flexibility in feedstock choice, reducing costs.
12 Feb 2013
NAT Continues Losses, Predicts Improvements
Nordic American Tankers says its fleet condition and ability to invest in vessels positions it well for a recovering market.
12 Feb 2013
Drewry: 2013 a Tough Year for Tanker Owners
Market continues to struggle under the pressure of overcapacity.
12 Feb 2013
Maersk Line Adjusts Bows for Slow Steaming
Retrofitting bulbous bows saves 8 percent on fuel, makes idle ships useable, the company says.
11 Feb 2013
Maersk Line Chief Commercial Officer to Step Down
Lucas Vos, will leave his position on May 1, 2013
11 Feb 2013
LNG Shipping Rates To Fall
Falling winter demand will hurt the market, despite increasing price differences between Europe and Asia.
8 Feb 2013
Increase for VLCC Rates
The improvement comes despite continuing high supply of tonnage.
8 Feb 2013