World News

'Large volumes' of Iranian Bunkers Diverted to Singapore

Traders quoted as saying that "disguising the origin of shipping fuel in Singapore is easier".

2 May 2012

World Fuel Services' Bunker Business Grows 37%

World Fuel Services Corporation says 2012 Q1 year-on-year gross profit for its marine segment grew $14.9 million to $55.1 million.

2 May 2012

No P&I Cover for Ships Carrying Iranian Bunkers

Directive will have a "far-reaching impact" with any ship running on Iranian origin bunker fuel, regardless of nationality or type, to be affected.

1 May 2012

Shipping Companies Land Fines for Sulphur Level Violations

Dojima Marine and Korkyra Shipping fined $55,500 each.

25 Apr 2012

Largest Ever Mewis Duct Records 5% VLCC Fuel Savings

Bunker fuel savings equate to reducing CO2 emissions by 2,800 tonnes of per year.

24 Apr 2012

Prices Mixed Across the Major Ports

Prices generally mixed, with major Asian ports firming.

24 Apr 2012

Singapore and Norway Sign Maritime MOUs

Deals aim to strengthen education and training efforts across maritime sector, and promote sustainable maritime-related R&D in Singapore.

24 Apr 2012

Prices For Key Grades Still Softening Overall

The week starts mixed with IFO380 and IFO180 still on a downward trend for the month.

23 Apr 2012

UASC Takes Delivery of Eighth 13,500 TEU Box Ship

Firm says the cost saving from the environment-conscious technology onboard will be significant.

23 Apr 2012

Fathom Launch ECA Compliance Guide

Guide aims to deal with "the full scope of the challenges" when operating within an ECA.

20 Apr 2012

Canadians to Buy Statoil Fuel & Retail for $2.8 Billion

53 krone per share cash deal expected to close in June.

18 Apr 2012

Box Shipping Unlikely to Recover in 2012

Hamburg Süd says overcapacity and bunker prices drove down freight rates in 2011.

17 Apr 2012

FAL Oil Nears Debt Restructure Deal

Company seeks to restructure $700 million and secure $620 million to sustain operations.

17 Apr 2012

Chart Ferox to build Fast Ferry LNG and Bunkering System

Ferry to be world's fastest, environmentally cleanest and most efficient high speed ferry.

13 Apr 2012

Ship Manager SSMA Gets SEEMP Certification

The Turkish Ship Management Company joins NYK as ClassNK's first certifications of this kind.

13 Apr 2012

OW Bunker to Expand into the US

First operations to open in Houston during May 2012

2 Apr 2012

China COSCO Posts a RMB10.50 Billion Loss

Shipping giant says there was a 'significant increase in bunker costs' as it swings from profit to loss.

30 Mar 2012

Exmar Orders 8 LPG Newbuilds

Belgian oil and gas shipping specialist will begin to take delivery of the fuel saving vessels in 2014.

30 Mar 2012

NYK Receives SEEMP Certification

World first as Company voluntarily sets target of 10% CO2 reduction.

30 Mar 2012

Cyprus Aims to Become Energy Hub

€220 million private oil storage terminal at Vassiliko to be completed in 2014.

30 Mar 2012