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Singapore Authorities Seize FAL Oil Tanker
UAE based oil and bunker trader is reported to owe Germany's DVB Bank around $3 million.
20 Jul 2012
TORM Plays Down Done Deal Talk by Danish Daily
Danish shipping company responses to Danish media articles saying "negotiations are still proceeding."
20 Jul 2012
Bunker Prices Extend Gains in All Markets Thursday
Marine fuel prices continued on an upward trend with strong gains recorded in many ports.
19 Jul 2012
Wärtsilä To Provide 9 Engines for Kuwaiti Tankers
RT-flex engines will be used in four VLCCs, one Aframax tanker, and four medium range tankers.
19 Jul 2012
Wärtsilä Hamworthy Announces RCL Scrubber Deal
Company to provide four hybrid scrubber systems for two 'Sunshine' class new-builds under construction at Meyer Weft.
19 Jul 2012
Bunker Prices Continue to Climb on Wednesday
Key ports saw prices continue to climb on Wednesday but with fewer large movements as seen earlier in the week.
18 Jul 2012
IOSCO Report Warns of Oil Market Manipulation
Existing practices mean oil markets are "susceptible to manipulation and or price distortion."
18 Jul 2012
Iran to Give Insurance Cover to Any Foreign Ships
Ports and Maritime Organisation reported to be taking the responsibility for insurance coverage of any foreign ship that enters Iran's waters.
18 Jul 2012
Titan Receives $200 Million Proposal for 51% of the Business
Company says the proposed investment will create a stable platform from which Titan can ride-out the current turbulent market conditions.
18 Jul 2012
Titan's Winding Up Hearing Gets Reserved Judgment
Action brought by U.S. private equity firm Warburg Pincus' Saturn Storage Limited was heard on July 16, 2012.
18 Jul 2012
Strong Gains for Bunker Prices on Tuesday
IFO380 prices in Singapore, Houston, Hong Kong, and Rotterdam the highest since May 31, 2012.
17 Jul 2012
Maersk Line Saves $90 Million In Bunker Fuel Bills
Measuring the performance of individual vessels has saved 160,000 tonnes of fuel in 3 years.
17 Jul 2012
Iran Contemplates Nuclear-Powered Merchant Ships
Reports say the bill has been approved by a parliamentary committee and will be debated in the house next week.
17 Jul 2012
Bunker Prices Firm at the Start of the Week
Week opened with bunker prices and crude continuing to climb.
16 Jul 2012
Horizon Lines Lowers Bunker Surcharge
Company makes a drop of 3 percentage points to 39 percent.
16 Jul 2012
Titan to "Vigorously" Defend Itself Against Legal Action
Grad China Logistics seeking to terminate sale agreement and wants repayment of approximately $118 million plus interest.
16 Jul 2012
Bunker Prices Gain as Week Ends
Bunker markets ended the week with gains seen in many ports.
13 Jul 2012
Titan in Winding Up Order Action
Warburg Pincus says Titan "is insolvent and should be liquidated" as it looks to recover almost $50 million.
13 Jul 2012
Wärtsilä in Chinese Low Emissions LNG Engine Deal
The vessels are the first in a planned series to be fuelled by LNG, and the first in China to ever operate on Gas.
13 Jul 2012
Thursday Bunker Prices Remain Mixed
Prices for key grade IFO380 dropped in almost as many ports as those that saw gains.
12 Jul 2012
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