All News

Burst Pipeline Causes 1.5km Fuel Oil Spill in Nile River

Eleven nearby water stations were reportedly immediately shut down to prevent contamination of local tap water.

3 Sep 2015

MHI Receives Order for High Pressure LNG Gas System

Hitachi Zosen Corporation will reportedly test the system with its marine diesel engines.

3 Sep 2015

Iran Says Oil Exports Reach Six Million Barrels Per Day

The country has been ramping up production following a deal to end sanctions earlier this year.

3 Sep 2015

Singapore Warship Foils Robbery Attempt of Malaysian-Flagged Vessel in Singapore Strait

The Indonesian Navy's (TNI AL) Western Fleet Sea Security Group and the Malaysian Maritime Enforcement Agency were also alerted to the incident.

3 Sep 2015

2 Vessels Detained for Illegal Bunker Transfer in Malaysia

MMEA says it has arrested two foreign-flagged vessels in Pengerang waters for illegally transferring marine fuel oil.

3 Sep 2015

Crude Futures Firm After Tanking in Early Trading

Brent contracts for October delivery witnessed intraday lows of $47.00 per barrel but settled well over $50.00.

2 Sep 2015

Merger Speculation Carriers China COSCO, CSCL Post Contrasting 2015 H1 Results

China COSCO posted a 183 percent increase in net profit for the first half of 2015 year on year, compared to CSCL's 97% profit decline.

2 Sep 2015

MARAD Releases New Exhaust Gas Scrubber Guide for Maritime Applications

The updated guide provides ship owners and operators with the latest scrubber information to comply with industry sulfur content regulations on marine fuels.

2 Sep 2015

Singapore Signs Joint Declaration to Become Dispute Settlement Ground for Law of the Sea

ITLOS has announced that it has signed a joint declaration with Singapore for the state to become a venue in Asia for ITLOS proceedings.

2 Sep 2015

Star Bulk Further in the Red Despite Cost Saving Efforts

But the company is upbeat on its strategy and the market going forwards.

2 Sep 2015

CMA CGM Posts 67% Profit Growth as Bunker Costs Fall 36%

CMA CGM posted a $156 million net profit during 2015's Q2.

2 Sep 2015

Cruise Ships in Sydney Harbour Given 3 Year Extension to Install Scrubbers

Cruise ships now have until December 31, 2018 to finish scrubber retrofits as an equivalent method of compliance to new low sulfur fuel rules.

2 Sep 2015

Report: Iran Deal Could Exacerbate an Already "Volatile and Oversupplied" Oil Market

The first impact will likely come from Iran's floating stocks.

2 Sep 2015

Frontline Looks to Further Expansion After Reporting Significant Income Improvement

The company also anticipates a five year improvement in tanker market performance.

2 Sep 2015

Court Decision Over "Typical" Bunker Supply Contract Leaves Shipowners at Risk of Paying Twice

The court noted the supply terms of a recent dispute case were "typical of hundreds or even thousands of such transactions carried out every year."

2 Sep 2015

Second LNG Powered Box Ship Launched [ VIDEO ]

The Perla del Caribe will join its sister ship on the Florida-Puerto Rico trade route.

2 Sep 2015

Singapore Carrier's New Eco-Vessel Generates 6 Tonnes Per Day of Bunker Savings

The ship is also equipped with Australia-based ABB's fuel consumption optimization system.

2 Sep 2015

Brent Crashes Back Under $50

Both the ICE and NYMEX front month contracts fell over 8%.

1 Sep 2015

Frontline CEO Warns of Tanker Orderbook

There are concerns that rising capacity will outpace the pace of global oil supply.

1 Sep 2015

Another Arrested Vessel Up for Auction in Singapore

The 735 TEU feeder vessel Star Jupiter was detained in March following action by local Singaporean firm Asia Practice.

1 Sep 2015