World News

Titan Tankers Hiding Iranian Oil in Malaysia
Two Titan vessels being used as "mobile storage depot" for crude oil as way to skirt Western sanctions, sources say.
14 Sep 2012
Global Bunker Prices Uncertain on Thursday
Global marine fuel price movements were varied on Thursday, with many regions seeing prices lack direction.
13 Sep 2012
BIMCO: ECO Ships Worth 25% Premium
Rising bunker prices would mean a greater premium from fuel saving, environmentally friendly features.
13 Sep 2012
Mid-week Bunker Prices Continue On the Up
Marine fuel prices continued to move up on Wednesday in all regions except South America where prices were mixed.
12 Sep 2012
Concerns Raised Over Delayed Full Restart at Amuay
Trader said they were anticipating some issues and delays would certainly impact fuel oil production with Singapore supply expected to tighten as a result.
12 Sep 2012
BIMCO Touts Wind Power for Ship's Electric Needs
Wind turbines, along with solar panels and other sources could mean more efficient, cleaner ships, the organisation argues.
12 Sep 2012
Netherlands Port Infrastructure is World's Best
Rotterdam surpasses Singapore for the top rating in the World Economic Forum's new report.
12 Sep 2012
Tuesday Bunker Prices Move Up
Global bunker prices saw mostly positive movements on Tuesday, but not all key price indicator ports made gains.
11 Sep 2012
Europe, U.S. and Japan Investigate Shipping Cartel
Authorities say they have reasons to believe that the companies concerned are involved in prohibited cartels and restrictive business practices.
11 Sep 2012
Bunker Prices Remain Mixed as Week Opens
North America and Asia saw some bunker price gains while Europe was mostly down.
10 Sep 2012
GL Approves LNG Liner, Feeder Vessel Design
Promises 30 percent lower fuel costs in 2020 ECAs, says its no longer just a dream to build environment-friendly vessels for economic ship operation.
10 Sep 2012
Low Sulfur Demand Rises Up To 50% of the U.S. Market
Demand has "increased rapidly beyond expectations" causing premiums to "sky rocket" to be as much as $285 per metric tonne over HSFO.
10 Sep 2012
Week Ends with Small Mixed Bunker Price Movements
Bunker prices ended the week with U.S. and Asia mostly steady, while Europe saw small gains.
7 Sep 2012
New Dual-Fuel Engine From MAN
Can use HFO, MDO, MGO and natural gas, meeting IMO Tier II standard in diesel mode and Tier III in gas mode.
7 Sep 2012
Rolls-Royce Gets Ship of the Year Award
SMM says the choice reflects the importance of the offshore segment.
7 Sep 2012
Tank Barge Operator Makes $116M Acquisition
Kirby adds 10 tank barges, three dry-bulk barges to fleet, says the deal gives it a strong footprint to grow the petrochemical segment.
7 Sep 2012
Iran: Insurance for Any Oil Tanker Carrying Iranian Crude
Iran Insurance Company says extends insurance coverage for every oil tanker loading in Iranian ports.
7 Sep 2012
Oil Outlook: WTI Expected to Hit $72 a Barrel
Deutsche Bank analyst adds that at the very most anything above $130 a barrel for Brent is unsustainable.
7 Sep 2012
Thursday Bunker Prices Make Small Downward Movements
Global bunker prices fell again in many ports on Thursday, however losses were more modest than yesterday.
6 Sep 2012
New APL Ships To Be 20% More Fuel-Efficient
Hull design accounts for multiple draught and speed conditions will give savings of $3 million per ship per year.
6 Sep 2012