World News

Online Tool Promises Transparency on Fuel Savings

Marorka lets shipowners measure the effectiveness of hull and propeller changes.

1 Nov 2012

Horizon Back to Profit in Q3

U.S. shipping company says fuel costs "remain at historically high levels."

1 Nov 2012

Global Bunker Prices Fall During October

IFO380 prices in key ports fall back to around the same level they were at 3 months ago.

1 Nov 2012

Bunker Prices Move Down Mid-week

Many ports on Wednesday saw falling bunker prices, and crude saw a second day of small gains.

31 Oct 2012

Bunker Costs Push SITC Profits Down

Shipping logistics company gets revenue boost from intra-Asian routes despite decline in freight rates.

31 Oct 2012

Scorpio Tankers Seeks Growth Through Fuel Efficient Newbuilds

Despite widening third-quarter losses, petroleum transport company says it's a "very exciting time."

31 Oct 2012

Green Ship Groups Collaborate

Environmental Ship Index, Green Award Foundation join forces to support eco-friendly ship design.

31 Oct 2012

GDZR in Warburg Pincus Deal Over Titan Shares, Assets

Firm will acquire all SPHL's interests in Titan Listco Preferred Shares, and certain assets of the StorageCo entity.

31 Oct 2012

Further Mixed Bunker Prices on Tuesday

Marine fuel prices continued to lack direction on Tuesday, with many ports seeing small, mixed movements.

30 Oct 2012

Coastline Speed Limit Could Drop Emissions 70%

Report finds lower speeds mean less CO2, NO, and soot, and could protect health of people on shore.

30 Oct 2012

Operating Costs to Rise 3% in 2012, 2013

Moore Stephens survey finds lube expenditure will be a big factor as crude oil prices harden.

30 Oct 2012

MAN Presents First EGR Tier III-Compliant Engine

HHI will install the engine in a Maersk Line C-class container vessel, which will run in Tier III mode 20 percent of the time.

30 Oct 2012

EnergySail Commercialisation Planned Within Five Years

Developer "trying to get wind back on ships" with rigid sails that combine wind and solar power.

30 Oct 2012

SEEMP Drives Uptake of Anti-Fouling Monitoring

Propulsion Dynamics say uptake also due to rising fuel costs and increasingly stringent emissions regulations.

30 Oct 2012

Bunker Prices Mixed on Monday

The week opened with mixed bunker prices, with markets in North America seeing some gains.

29 Oct 2012

Royal Caribbean Results "Better Than Expected"

Cruise company says focus on costs, close-in bookings has helped fight industry downturn.

29 Oct 2012

Unpaid Bunker Bills Force Arrested Cruise Ship Switch

CIC's arrested Athena replaced with Passat Kreuzfahrten's Delphin for the upcoming Australian cruise season.

29 Oct 2012

Week Ends with Bunker Prices Mostly Steady

Many ports saw bunker prices make small changes on Friday, and crude moved up for a second consecutive day.

26 Oct 2012

ABB Revenues Up, Profits Down

Power and automation company says orders in the marine sector grew, despite "a challenging macro environment."

26 Oct 2012

Euronav Nets Q3 Loss of $34.9 Million

The tanker company said it has sold VLCC Algarve, which will be converted to a FPSO unit.

26 Oct 2012