World News

Aegean Announces Improved Third Quarter Income
Both its revenues and the volume of bunkers sold remain flat as it continues to operate "in a difficult macro environment."
14 Nov 2012
Chemoil Triples Profits as Sales Volume Soars 27%
The company said it had total bunker sales of 5.2 million metric tonnes, and after-tax profits of $7.7 million.
14 Nov 2012
Bunker Hedging Helps NORDEN to a Third Quarter Profit
The shipping company says market conditions in both Dry Cargo and Tankers were significantly worse than in the same period last year.
14 Nov 2012
Asian Markets Help Vopak Profits Climb 19%
Firm sees healthy demand and high occupancy rates in Singapore and Korea despite global economic turbulence.
13 Nov 2012
Company Says Wind Energy Could Mean Big Fuel Savings
Solar Sailor Holdings has developed a software model showing the value of renewable energy for bulk shipping.
13 Nov 2012
"Great Deal of Interest" in Bunker Fuel Swaps
Cleartrade says its technology has enabled price discovery and trading of the contracts in a way not previously possible.
13 Nov 2012
EMP Outline EnergySail Array for Naval & Coast Guard Ships
Firm says the technology can lower fuel consumption and emissions, as well as extended patrol ranges for vessels.
13 Nov 2012
LNG Bunkers Offer Greatest Potential for Costs, Compliance
With fuel costs and environmental compliance being the key issues, LNG "makes a lot of sense."
13 Nov 2012
Fourth Adjournment for Titan Hearing
Hearing on the SPHL petitian for Titan's winding up now scheduled for February 15, 2013.
12 Nov 2012
OPEC Warns of a Drop in Oil Demand
Report keeps forecast fairly steady but addresses "notable downside risk" in 2013.
12 Nov 2012
Cruise Ships May Leave Parts of the World Over Low-Sulfur Rules
A U.K. travel agent warns that new rules could mean fewer destinations, higher ticket prices.
12 Nov 2012
HHI Complete LNG, Diesel Dual-Fuel Engine Demonstration
Company cites "numerous inquiries" as new emissions rules loom in 2015
12 Nov 2012
Week Ends with Soft Bunker Prices
Global marine fuel prices finished the week moving down in many ports, however U.S. markets were somewhat mixed
9 Nov 2012
Maersk Line Help Boost Group's Q3 Profits
Shipping and oil divisions did better than expected in the quarter, despite challenging environment, company says.
9 Nov 2012
COSCO to Introduce Emergency Bunker Adjustment
EBA will apply to all shipments from the Far East to both South Africa, and South America East Coast.
9 Nov 2012
High Bunker Prices Cited as Chiquita Losses Widen in Q3
Company says high fuel costs, lower euro exchange rates will cause continued trouble in Q4.
9 Nov 2012
World's Largest Container Ship Begins Maiden Voyage
CMA CGM's MARCO POLO has fuel-saving features including an optmised hull and an electronically controlled engine.
9 Nov 2012
Another Iranian Crude Shipment Heads to South Korea
NITC's The Motion is heading to South Korea's Daesan port where Hyundai Oilbank Co. operates a 395,000 barrel-a-day refinery.
9 Nov 2012
Green Ship Advantage Called into Question
Broker says parameters like bunker prices and a change in market conditions could see Eco-tonnage face the same problems Greenfield Shipyard projects did.
9 Nov 2012
Bunker Prices Soften in Key Ports
Although Asia saw some gains, global bunker prices were generally falling on Thursday.
8 Nov 2012