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Aegean: Profits Up, Bunker Sales Down in 2013

The company's profits grew, despite falling revenues and volumes, as it refocused its strategy.

Singapore Plans Second LNG Terminal

The project, which could be a floating offshore facility, is projected to start operations in 2025 or 2030.

Rolls-Royce Developing Unmanned Ships, Could be Deployed Within a Decade

The drone vessels would reduce costs and improve fuel efficiency, and "the technology is at the level where we can make this happen."

Intertek ShipCare Manager Elected to IBIA Board

Michael Green "is a long-standing expert in bunker fuel and of the myriad issues related to bunker fuel quality."

"Super Shipping Cities" Seen in Industry's Future

Two or three major shipping industry hubs are likely to emerge globally, says Martin Stopford.

Chemoil Plans SGX Delisting

Going private would reduce costs and regulatory burdens, the company says.

Construction Begins on World's First LNG-Fuelled Containership

Owner says the move to LNG fuel is no less significant than the evolution from sail to steam.

ISTFIX Black Sea & Mediterranean Freight Index Report: 2014 Week 8

Brokers were not upbeat and rates remained sluggish on Black Sea trade this week.

WTI Under Pressure as US Crude Inventories Expected to Rise

WTI dipped $0.99/bbl to $101.83 while Brent fell $1.13/bbl to $109.51/bbl.

Chemoil Expands US East Coast Operations

The lease of 1.35M-barrels of bunker storage capacity in Florida comes after Morgan Stanley chose not to renew a lease with owner TransMontaigne.

State Officials: Hijackers Stole $8 million of Fuel from Tanker

12,000 tonnes of diesel were missing after MT Kerala returned to Angola after alleged hijacking.

Nordic LNG Players Join Forces

Finland's Gasum will gain a majority stake in Norway's Skangass to target marine LNG market.

Shell Sells Australian Downstream Assets for $2.6B

The deal with Vitol is part of "tough portfolio choices" to improve competitiveness, company says.

New Shore Power Online in San Diego

Cold ironing facilities will let Dole plug its refrigerated cargo ships in while at port.

Synthetic Fuel Firm Extends Maersk Deal

Quadrise also said two testing programs are scheduled for completion in Q2.

Singapore Could Prosecute Over Bunker Spills

The MPA will also share results of its investigation with the shipping community.

Crude Benchmarks Make Gains on Monday

WTI settled at $102.82/bbl up $0.62/bbl while Brent settled at $110.64/bbl, gaining $0.79/bbl.

$270M Funding for Peninsula Supply Expansion

The line is the first syndicated club deal for the firm, which will use it for its European operations.

Drone Tech for ECA Compliance Under Development

The system would seek out ship plumes and measure the exhaust content.

LNG Adoption Demands Bunkering Facilities, Energy Major Support

"This is not an industry that's known for building infrastructure and hoping that demand comes."

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