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ABB Promises Up To 20% Fuel Reduction

The new system combines ABB's energy management software with the Octopus system from Amaracon, which ABB recently acquired.

Wärtsilä Hamworthy Wins Hyundai Mipo Dockyard Contract

Cargo handling equipment and engineering deal is for four medium size carriers with hulls optimised for fuel consumption.

Third Adjournment for Titan Hearing

New hearing at the Supreme Court of Bermuda is now scheduled for November 16, 2012.

Arctic Ice Levels Fall to Historic Low

NSIDC says in twenty years it might be possible to take a ship right across the Arctic Ocean in August.

Wednesday Bunker Prices Fall to Lowest Levels in Over a Month

Key ports see their lowest IFO380 prices since mid August, and a big drop in crude sees the WTI spot price lose $7.02 in three days.

High Bunker Prices "Represent an Opportunity"

NYK says efforts to save fuel can differentiate itself from competitors as bunker costs form the "lion's Share" of operating costs.

Bunker Price Affects Cruise Ship Placement

Princess Cruises executive says "fuel is on our minds" when deciding where to place their ships.

Shipping Industry Confidence Down

A glut of newbuildings and uncertainty in the global economy drove the confidence level as low as it's been four years.

Three Cruise Ships Arrested

Vessels held in France, Montenegro, for unpaid debts which include bunkers as bank says it will not fund any further operations of the firm.

Tuesday Bunker Prices Falling as Crude Drops Again

Bunker prices dropped abruptly on Tuesday following a significant drop in the crude price for a second consecutive day.

"Lowest Possible Emissions" MAN Engines Ordered

The engine design aims to minimise fuel consumption and emissions while optimising manoeuvrability.

Brightoil VLCC Delivered

The Hong Kong-based company expects five such vessels to be delivered by mid-2013, bringing its capacity to more than 2 million DWT.

Maersk CEO Says No to Price War

Asia to Europe rates are now too low to cover costs, Anderson says.

Bunker Prices Lack Direction as Week Opens

Global bunker prices were mixed as the week opened, with many regions seeing both modest positive and negative price movements.

Vessel Insurance: Iran Can Easily Bypass Embargoes

Iranian insurance official says it has taken "precautionary measures" and insured its oil tankers.

British Columbia in LNG Deal with First Nation

The Haisla First Nation would work with an industry partner to create an LNG plant near Kitimat under terms of the agreement

New Magnetic Technology for Oil Spills

MIT researchers say they have found a way to separate oil from water that could be more cost-effective than current methods.

Bunker Prices Up as Week Closes

Global bunker prices ended the week with many ports seeing positive price movements.

IMO Head Calls for Focus on Ballast Water

Sekimizu asked ship owners to push their governments to adopt IMO rules and to voluntarily adopt the standards.

$11 Billion Fredriksen Deal: Market "Very Close to the Bottom"

Shipping magnate argues the shipping slump has hit its bottom and says he wants to get in as a buyer.

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