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LR: Sail Power Could Drop Fuel Costs 30 Percent
Lloyd's Register tests find wind could provide 50 percent of propulsion under certain conditions.
17 Sep 2013
Dynamic Oil Trading: Dubai Operation to Launch Imminently
Twenty year industry veteran Jesper Jervild will lead the expansion into the UAE.
16 Sep 2013
Crude Markets Start the Week with a Drop
WTI dropped $1.62, settling at $106.59/bbl, while the Brent November contract decreased $1.63 to settle at $110.07.
16 Sep 2013
Drewry: Bunker Surcharges Should Fall
Carriers have not reduced their fuel surcharges in line with increased efficiency, cheap Russian fuel.
16 Sep 2013
Russia Bans Offshore Bunkering at Black Sea Ports
Russian officials have come under fire for rules affecting bunker suppliers at various ports.
16 Sep 2013
Hong Kong Wants 0.5% Sulfur Cap From January 2015
Vessels in Hong Kong waters will be limited to fuel with 0.5 percent sulfur content or less.
16 Sep 2013
IBIA: No Distillate Fuel Problem Until 2020
Former IBIA chairman says global rules in 2020 will put pressure on the fuel, but the industry has time to adjust.
16 Sep 2013
DFDS: EU Should Help Fund Scrubbers for Short Sea Shipping
"Time is running out," and the EU risks adding more trucks on the road if shipping gets no support, Smedegaard said.
16 Sep 2013
Malaysia Detains Ships for Illegal Fuel Transfer
Members of both ships' crews have been brought in for questioning by the MMEA.
13 Sep 2013
Chinese Demand, Mideast Tensions Drive Up Bulker Rates
Capesize rates hit their highest level in more than 2 ½ years, but observers see no "full-blown recovery."
13 Sep 2013
Frontline Calls for Vessel Scrapping Fund
VLCC oversupply means that "we're all burning our money in this market," CEO says.
13 Sep 2013
Industry Waiting for Clearer Signals on LNG Bunkers
Consultant says supply chain, technology, rules for the use of the fuel are all lacking.
13 Sep 2013
Nova Scotia Refinery Moves Toward Closure
A fuel company says bunker shipments will stop Sunday as the conversion to a storage facility continues.
13 Sep 2013
BIMCO: Suez Attack Threat Must Not be Exaggerated
The shipowning body says the Suez Canal is more likely to be temporarily blocked by vessels run aground by faulty steering gear than by terrorists.
13 Sep 2013
Another Supplier Exits Singapore Bunker Market
There are now 68 accredited bunker suppliers in Singapore.
13 Sep 2013
Fathom Launches Free Guide to the Hull Coatings Market
Guide includes independent analysis of the anti-fouling hull coating solutions available on the market.
13 Sep 2013
Oil Markets Continue to Firm
WTI gained $1.04 to settle at $108.60/bbl and Brent rose $1.13 to settle at $112.63/bbl.
12 Sep 2013
Press Release: Innovation in Containers at Intermodal Hamburg Event
"For many exhibitors, Intermodal Europe provides the ideal opportunity to unveil new products."
12 Sep 2013
New Canadian East Coast Oil Terminal Planned
The facility will allow for the export of oil from Alberta and Saskatchewan to foreign ports.
12 Sep 2013
Sat-Comms Said to Drop Operation Costs 10%
Ship owners "may not know what's possible" with modern communications technology, says Inmarsat President Frank Coles.
12 Sep 2013
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