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Bunker Prices to Remain "Around $650 pmt" For the Next Year
Pareto Shipping chief economist said he also saw global oil demand at 90 million barrels a day.
18 Apr 2013
TORM to Delist from Nasdaq
The shipping company anticipates a loss of $100 to $150M for 2013 but says it has stabilized its situation.
18 Apr 2013
Turkey Increases Pollution Fines for Ship Operators
Insurers warn ship operators to take care in Turkish waters and respond immediately to an incident.
18 Apr 2013
Analyst: LNG Adoption Will Take Longer for Shipping than Trucking
Investors are moving in to the North American LNG market, but interest is stronger in land transport than marine fuels.
18 Apr 2013
Vitol Chief: Crude Oil Prices Won't Keep Falling
Prices fell below $100 per barrel Tuesday as the market responded to reports of slow growth.
18 Apr 2013
Daily Bunker Price Report, Wednesday Apr 17, 2013
Bunker prices continued to slide in markets around the world today.
17 Apr 2013
China OK's Glencore-Xstrata Merger
The nation's antitrust regulators are requiring the company to sell some of its copper mining capacity.
17 Apr 2013
New Supplier Endofa Announces West Africa Expansion
The physical bunker supplier says it is now offering IFO bunkers, and adding 3 more bunker tankers.
17 Apr 2013
Japan's February Bonded Bunker Sales Fall 4.2%
The drop came as no surprise to industry observers who had already predicted lower demand due to the Chinese New Year break.
17 Apr 2013
Sweedish Shipping Group Intends to Buy Bunker Tanker
Pallas Group AB aims to complete the deal with Medallion Reederei Gmbh before June 30, 2013.
17 Apr 2013
Emissions Fall at Port of Charleston
Equipment and truck emissions fell from 2005 to 2011, but vessel emissions were up as ship sizes rose.
17 Apr 2013
HHI Develops New LNG Containment System
The company says a new membrane system could be used in LNG carriers and bunkering systems.
17 Apr 2013
DNV Offering 'LNG Ready' Ship Designs
The firm says shipowners can prepare for LNG bunkers without making immediate investments in the technology.
17 Apr 2013
Singapore Introduces Initiatives to Enhance Competitiveness
The Port of Singapore says the new system will reduce port dues for as much as 83% of vessels.
17 Apr 2013
Daily Bunker Price Report, Tuesday Apr 16, 2013
Brent fell below $100 a barrel for the first time since July 2012 and global bunker prices continued to make large downward movements.
16 Apr 2013
Wärtsilä to Provide Systems for 'Most Environmentally Sustainable LNG Carriers Ever Built'
The vessels, being built for Denmark's Evergas, will run mainly on LNG and use integrated systems to maximize efficiency.
16 Apr 2013
New Trader at Poland's Ship-Service
Ms. Joanna Domagalska joined the bunker supplier effective April 2013.
16 Apr 2013
Report: Biofuels Worse than Fossil Fuels
A new report warns biofuels have a high financial and environmental cost, and their use in the UK could increase food insecurity and destroy carbon stocks.
16 Apr 2013
Plans for $46 billion Australian LNG Plant Dropped
Under pressure from rising costs, developers may replace planned onshore plant with offshore facility.
16 Apr 2013
Trading Companies Quit Singapore Tank Leases
High competition, low demand is pushing some players out of tank leases at the busy fuel market.
16 Apr 2013
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