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Chinese Floating Islands Could Become New Bunkering Locations
Large "floating islands" proposed by a Chinese shipyard could be used as new bunkering hubs.
22 Apr 2015
TORM Restructuring Agreement Signed by 92% of Lenders
"In the case that less than 100% support is achieved, TORM will implement the Restructuring through an English law scheme of arrangement," says company.
22 Apr 2015
Brent and WTI Decline
The past two weeks we have noticed crude futures rise to peak levels in 2015.
21 Apr 2015
Maersk Line Boxship Runs Aground in the Suez Canal
The company said earlier rumours of a possible collision were untrue.
21 Apr 2015
World's First LNG Powered Containership Launched
Isla Bella will radically reduce emissions in the Florida/Puerto Rican route, says owner TOTE.
21 Apr 2015
Singapore's MPA, Port of Rotterdam Sign MoU on LNG Bunking, Information Exchange, and Strengthening Maritime Links
The MoU will see the two organizations exchange information and promote R&D.
21 Apr 2015
Marshall Islands Calls for New Global Target to Cut Shipping Emissions
Foreign Minister intends to present a submission to the IMO's MEPC in May of 2015.
21 Apr 2015
Arrests Made as China Cracks Down on Bunker Smugglers
Authorities shut down two gangs who are thought to have smuggled roughly 440,000 tonnes of bunker fuel.
21 Apr 2015
Alphaliner: Low Bunker Prices Will Save Box Shippers $14B Even As Rates Slide to Historic Rate Lows
Rates could drop even further, say experts.
21 Apr 2015
Lawsuits Mulled Over Vancouver Bunker Spill
It was reported that the city of Vancouver had hired an outside lawyer to look at pursuing losses in court.
21 Apr 2015
Bunker Prices and Strong Dollar Hit Royal Caribbean
"Despite ongoing volatility in the currency and fuel markets, our Double-Double program remains solidly on track," says CEO.
21 Apr 2015
Chimbusco, S-Oil in Second South Korean 40,000mt Fuel Oil Deal
The deal was reportedly concluded at a $1.20 pmt FOB premium over the mean Singapore price.
21 Apr 2015
Skuld: Yemeni Shipping Ban Calls for Urgent Risk Assessments
"Going forward it is likely that Yemen will now experience a significant period of conflict," says Skuld.
21 Apr 2015
WTI Resumes Upward Movement
It should be noted that a lot of speculation has been driving the market up over the last couple of weeks, we feel this can not last.
20 Apr 2015
China To Build World's "Most Efficient" Bulk Carriers
The B.Delta68 SUL vessels for Vulica are to be built by Jiangsu Hantong.
20 Apr 2015
US Offers $900,000 in Grants for LNG Conversion Study
MARAD says the results will be used to further its efforts to reduce vessel and port emissions, as well as greenhouse gases.
20 Apr 2015
Nigeria Single Hull Tanker Phase Out Delayed Until 2020
Over 80 percent of Nigeria's tankers are currently single hull.
20 Apr 2015
Storms Disrupting Bunker Deliveries in Russian Port
The disruptions have also caused bunker prices to rise at the Port of Novorossiysk.
20 Apr 2015
Yang Ming Eyes $64M Bunker Saving in 2015 from New Vessels
Yang Ming received the first of a total of 15 14,000 TEU box ships on order, with nine more expected this year and a further five in 2016.
20 Apr 2015
Greenpeace: Extract Bunkers From Sunken Russian Trawler
"Greenpeace demands that the Development Ministry provides information on the plan for pumping fuel from the vessel," say the environmentalists.
20 Apr 2015
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