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New Stolt Tankers Designed for Fuel Efficiency

Shallow draft reduces fuel consumption on the new 38,000 dwt tankers being built in China.

ICS: Don't Use Shipowners as "Cash Cow"

The International Chamber of Shipping says the industry is already taking on major costs around reducing emissions.

Greece, China Cooperating in €1.2 million LNG Bunkering Research

LNG bunkers are "expected to dominate in the near future," the Hellenic Register of Shipping says.

Gazprom Neft Expands Bunkering in Far East

Company's bunkering division has purchased a tanker for use in sea ports along the Sea of Japan.

DNV: 1 in 10 Newbuilds To Have Gas-Fueled Engines

Report sees stronger Asian economies, shale gas, and the decoupling of gas and oil prices driving trends over the next eight years.

CEO: Maersk "Not Going to Give Up" on Shipping Business

Andersen confirms the company is building up its more profitable divisions but will still invest $6 to $8 billion in shipping.

Global Reefer Rate Rise Despite Investment in Energy-Efficient Vessels

APL says rates are currently at unsustainable levels, and it faces escalating operational costs.

Shipowner Says Eco Ship Savings are Exaggerated

"We do not consider the benefit of an eco ship to be in the degree that the yards are trying to present it to be," Diana Shipping president says.

Glencore-Xstrata Merger Moving Forward

Resulting company would have $70 billion market cap, and a leading position in multiple industries.

CMA CGM Vessel Efficiency Boosts its Bottom Line

The Group says it expects to end the year with "a substantial profit."

Singapore's NOL in U.S. Logistics Acquisition

Singapore based group buys Carmichael International Service in a $37 million cash deal.

WFS Sees "Very Small Impact" From Marine Write Offs

The company says its market share has grown and its conservative strategies have protected it from problems in the industry.

DME Opens Singapore Office, Plans Fuel Oil Contract

The exchange plans to propose fuel oil contract as it expands its focus to products that trade between the Middle East and Asia.

NOAA Funds Study of Oil Dispersants

Research efforts will look into effects on crabs, other marine organisms, and communication tools.

Eco Tanker Orders Adding to Oversupply Problems

Fuel-efficient ships are an attractive way to help margins, but industry "needs less ships not more."

Marine Hull Coatings Market to Double to $10.2 Billion

Focus on fuel efficiency, environmental regulations makes coatings more attractive.

LNG Bunkering Planned for Baltic Sea

Russian gas exporter Gazprom says global demand for LNG bunkers will be 40 bcm by 2030.

Overseas Shipholding Group Files for Bankruptcy

OSG says weak rates have hurt its results; the price to hire a tanker dropped to $14,900 a day from $28,000.

BV Classes World's Largest Containership

CGM Marco Polo features electronically controlled engine and hydrodynamic features for reduced fuel consumption and emissions.

Shipowners Unaware of SEEMP Fuel Saving Potential

Survey shows North Americans are the best prepared for SEEMP, while Europeans lack confidence in their understanding of SEEMP.

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