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Analyst: Shipping Industry Must Choose Alternative Fuel
Shell Trading analyst says the industry must collectively choose one alternative to invest in to make 2020 deadline.
19 Oct 2012
Bleak Outlook for Global Bunker Demand
Supplier says it will be 18 to 24 months before larger demand starts coming back.
19 Oct 2012
Thursday Sees Bunker Prices Continue to Fall
Many ports saw another day of moderate losses on Thursday, while crude continued to see little change.
18 Oct 2012
Consolidation Coming to Bunker, Shipping Industries
Inatech CEO says smaller companies must become part of larger firms or find specialty niches.
18 Oct 2012
Iranian Oil Firms Threaten Legal Action Against EU Sanctions
Source says sanctions are affecting 30 governmental and private companies as Netanyahu says they "are hitting the Iranian economy hard."
18 Oct 2012
Wednesday Bunker Prices Move Down
Many ports saw bunker prices move down on Wednesday, and crude saw small gains.
17 Oct 2012
New FIS Service for Bunker Hedging
The service offers real-time data and swap contracts in sizes as small as one tonne for ship owners and charterers.
17 Oct 2012
Tuesday Bunker Prices Remain Steady
Ports see another day of small price movements as bunker prices remained mostly steady.
16 Oct 2012
Interferry Welcomes EEDI Decision
Association says it wanted a fair and sustainable EEDI formula that did not penalise the specialised power requirements of ro-ro operations.
16 Oct 2012
New Software Promises Market Info for Shipping, Bunkering
Inatech CEO says rising costs mean huge new demand for tools to reduce fuel costs and optimise bunkering strategies.
16 Oct 2012
Qatargas Developing LNG System for Ships
Executive of Qatar company says the engines would eliminate sulfur emissions and cut CO2 by 20%.
16 Oct 2012
Vitol Boosts Credit Facility to $6 Billion
The oil trading firm says its banking relationships and consistent results allowed for the transaction despite market volatility.
16 Oct 2012
Cleartrade Exchange Offering Bunker Fuel Swap Contracts
CEO Richard Baker says the addition is a response to demand for highly liquid bunker fuel contracts.
16 Oct 2012
Monday Bunker Prices Mostly Steady
Global marine fuel prices were steady on Monday, with many ports seeing small mixed movements.
15 Oct 2012
Wärtsilä Wins Four Vessel Ballast Water System Order
The PSVs for Tidewater Marine, L.L.C. are due for delivery from the COSCO (Guangdong) Shipyard in 2014.
15 Oct 2012
Bunker Prices Mixed as Week Ends
Markets showed mixed prices on Friday with mostly small movements.
12 Oct 2012
Titan First Shipper To Lose Insurance Under Iran Sanctions
The firms conduct "breaches the spirit if not the wording of U.S. and EU sanctions against Iran," says insurer.
12 Oct 2012
Wärtsilä Ballast Water System Gets First-Stage Approval
Firm says it is "delighted to reach this milestone" as AQUARIUS EC now moves toward final approval stage.
12 Oct 2012
Slow Market Sees BIMCO Draft Idle Time Hull Fouling Clause
Current market means more idle vessels, and new clause addresses time charterer responsibilities for fouling when vessels sit idle.
12 Oct 2012
Cambodia has Annual Bunker Sales Potential of 720,000 mt
New Go4 Bunker venture says it wants monthly sales of 10,000 mt at its opening ceremony presided over by Denmark's Princess Marie in Phnom Penh.
12 Oct 2012
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