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Matson Sees "Positive Impact" from Lower Bunker Prices as Profits Soar

Timing of fuel surcharge collections, higher China freight rates, and other factors are credited for Matson's strong Q1 showing.

Bomin Expands Into Far East Russia

Bomin says it will supply a full range of fuel across all Far East ports.

Dry Bulk FFA Market Volume Surges in April

Volumes surged 60 percent higher than average in the first three months of 2015.

Industry Insight: Is the IMO Really Falling Short With its Emission Reduction Targets?

Industry Insight: Is the IMO Really Falling Short With its Emission Reduction Targets?

The IMO's 2020 goal is to reduce CO2 emissions by more than 20% compared to 2005. Is it fair then to infer that the goals are a little archaic?

Study: Many Ships Already Meet EEDI 2020 Requirements

34 percent of containerships and 43 percent of general cargo ships built in 2014 also meet or exceed the EEDI target for 2030.

Crude Futures Soar to Hit New Highs for 2015

Brent settled up $1.95 since yesterdays close, while WTI front month contracts for June firmed heavily, rising $1.47 since yesterdays close.

Drewry: Only a Matter of Time Before Ocean 3 Becomes Ocean 4

The addition of Hamburg Süd is a "logical fit," according to Drewry.

Analysts Maintain "Hold" Rating for Aegean

Aegean's fourth-quarter EPS was in line with analyst estimates.

New Marine Engines Tested and Certified to Use Ethane

Wärtsilä's 50DF marine engine was tested with the help of Denmark-based Evergas.

WFS: Record Q1 Bunker Volumes "Totally Unrelated" to OW Bunker Collapse

"The OW impact I think is then pretty drastically exaggerated to a certain extent," says chairman and CEO Michael Kasbar.

Bunker Costs Down But Anemic Growth in 2014 for Hamburg Süd

Declining freight rates and a weak US dollar cause total sales to fall.

Kristian Mørch Named New CEO and President of Odfjell SE

Mørch will be leaving Gary Vogel, his co-CEO since 2013, as sole CEO for the Clipper Group.

Brent and WTI June Contracts Jump to levels Unseen as of 2015, But End the Day Down

Buyers should still be purchasing as far out as possible until a true reversal in the current trend is seen.

New Tolls, Loyalty Program for Panama Canal, Bunkering Moved to New Segment

The new tolls, which also includes a customer loyalty program for container lines, will apply to the two existing lanes of the canal and a new, third lane.

Boost from Low Bunker Prices Less Than Expected as Vale Posts $3.1 Billion Net Loss

Brazilian mining giant loses out on fuel hedge, while "prices of diesel in Brazil are not directly correlated to international oil prices."

World Fuel Services Reports "Solid" First Quarter Earnings

WFS reported an eleventh consecutive quarter of positive cash flow from operations.

MPA Signs $1.83 Billion Singapore Mega Port Project

The new port terminal will have 20 deep-water berths with a capacity of 20 million TEUs per year.

NZ Bunker Spill: The Volume Itself is Irrelevant, Whether the Response was Appropriate is the Key Factor, says Mobil

"In this case, we can be absolutely confident the Bay of Plenty Regional Council has manned an excellent response," says spokesperson.

Drop-in Biofuel Bunker Firm Receives Patent, Looks to Lubes Market

"We're able to produce very high quality lubrication base oil that will give synthetics a run for their money," Altranex CEO Chad Joshi tells Ship & Bunker.

Wind and Solar Marine Propulsion Technology Moves a Step Closer to Commercial Reality

With the new facility EMP says it plans to build and test a complete Aquarius MRE System at the site with production due to start during 2015.

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