World News

Emerson Collaborate with Singapore's Ascenz on Bunker Monitoring System
Firm says its customers can gain real-time insight into the ship's operations and manage their fuel costs.
27 Jul 2012
Shipowner Ordered to Pay $1.2 Million for Pollution
Odysea Carriers, S.A. also told to implement Environmental Compliance Plan after it pleads guilty to dumping oil waste and trying to cover up its actions.
27 Jul 2012
Gains for Bunker Prices on Thursday
After a week of losses bunker prices began to make a recovery on Thursday with many ports seeing prices move up.
26 Jul 2012
Wednesday Bunker Prices Continue Downward
Marine fuel prices generally continued down on Wednesday with some markets showing signs of steadying.
25 Jul 2012
Bunker Prices Add Pressure to Rock Bottom Tanker Earnings
Broker says the VLCC market has gone from bad to worse.
25 Jul 2012
Graig Takes Delivery of Fuel-Efficient, Reduced Emissions Bulker
Design focus of the Graig Cardiff on economical and efficient operation, as well as environmental friendliness and maintenance.
25 Jul 2012
Iran Launches First Domestically Made Oil Tanker
113,000 dwt tanker was said to be for Venezuela's state oil company, Petróleos de Venezuela S.A. (PDVSA).
25 Jul 2012
New LNG Bunkering Body Formed
Group aims to cover the design, operation, and safety of the liquefied natural gas (LNG) bunkering logistics spectrum
25 Jul 2012
Bunker Prices Continue Down on Tuesday
Bunker prices continued to drop on Tuesday, but with fewer of the heavy losses seen on Monday.
24 Jul 2012
Sri Lanka Could "Join the Ranks with Singapore and the UAE"
ClassNK Chairman and President talks highly of Sri Lanka's potential at the recent Port, Trade and Logistics Conference and Exhibition in Colombo.
24 Jul 2012
Iran: Closing Strait of Hormuz "Against Common Sense"
Rear Admiral Alireza Tangsiri adds that U.S. nuclear aircraft carriers in the region could have environmental consequences.
24 Jul 2012
Bunker Prices Fall Sharply on Monday
The week opened with bunker prices making double-digit drops around the globe.
23 Jul 2012
Kittiwake Group Acquired by Parker Hannifin
U.S. firm says squisition will allow it to extend their position in diagnostic products, reinforce ability to offer complete health monitoring solutions for filtrations systems.
23 Jul 2012
Singapore to Build Robot Container Transports "Without Human Drivers"
MPA Chief Executive says investing in maritime research and development technology capabilities is one of their key strategies.
23 Jul 2012
ABB Acquisition Expands Software Offering
Deal with Dutch form Amarcon BV expected to be concluded in the third quarter of 2012.
23 Jul 2012
Titan Petrochemicals Sued by Warburg Pincus, Suspends Share Trading
Claims include breach of contract and misrepresentations regarding the financial position of its some of its subsidiaries.
23 Jul 2012
Titan Woes Mount As Judge Orders StorageCo Liquidation
Company says proposed deal from Guangdong Zhenrong Energy Co. Ltd is unaffected at this time.
23 Jul 2012
Week Ends with Bunker Prices Climbing Further
Friday ended the week with continuing strong gains across all markets.
20 Jul 2012
U.S. Says Iran Will Not Close Strait of Hormuz
Defense Secretary Leon Panetta says they will hold Iran "directly responsible for any disruption of shipping"
20 Jul 2012
U.S. Alerts Maritime Industry to Deceptive IRISL Practices
IRISL reported to have been recently operating vessels despite their flags having been revoked.
20 Jul 2012