All News

Wärtsilä Gearbox Could Reduce Fuel Use 15 Percent

The technology is aimed at vessels that operate at varying speeds

5 Dec 2013

U.S. Navy Behavior with GDMA "Just Constantly Outrageous"

GDMA allegedly inflated the price of bunker fuel by more than $3 million for five fuel purchases in 2011.

5 Dec 2013

Brent and WTI Head in Opposite Directions

Crude declined for the first time in eleven weeks and declining significantly.

4 Dec 2013

Tricks of the Bunker Trade: Bunker Fuel Temperature

Accurate temperature recording is crucial when detecting bunker fuel concealment.

4 Dec 2013

Introduction to Bunker Hedging Tools: Swaps

Swaps provide cash-flow certainty and remove exposure to fuel price spikes.

4 Dec 2013

Canada Wants Unlimited Liability for Oil Spills

"Canadian taxpayers should not bear any liability for spills" as LNG, bitumen exports move forward.

4 Dec 2013

Greek Shipowner Enters a "New Era" with Eco-Bulker Orders

Eco-design provides "additional competitive advantage" says Euroseas CEO.

4 Dec 2013

UK Bunker Supplier Gets £17 million for Expansion

The Geos Group division will use some of the funds on its new Port of Blyth storage facility.

4 Dec 2013

Twenty New Companies Sign Singapore Green Pledge

The pledge is part of the comprehensive Maritime Singapore Green Initiative.

4 Dec 2013

New Lubricant Reduces Cold Corrosion Risk

Total Lubmarine says the adoption of modern engines demands new solutions to avoid corrosion.

4 Dec 2013

Bunker Prices Climb as Crude Makes Big Gains

WTI gained $2.22, settling at $96.04/bbl, while Brent gained $1.17 to end the session at $112.62.

3 Dec 2013

Scorpio Spends $652.5 million on 7 VLCCs, And Adds More MR Tankers

Scorpio Tankers now has 53 vessels on order valued at $2.4 billion.

3 Dec 2013

GE: The Age of Gas is Here

TOTE CEO Anthony Chiarello says the fuel will dominate the market within five to 10 years.

3 Dec 2013

System Promises to Help with ECA Fuel Costs

Alfa Laval says it has revamped its Fuel Conditioning Module for ships using a variety of fuels.

3 Dec 2013

Indian Tanker Gets Fuel Saving Retrofit

MAN Diesel is retrofitting the ship with Kappel propellers, promising fuel savings of 4 percent.

3 Dec 2013

LNG-fuelled Barge Planned for Hamburg Cold Ironing

The port will become the first in Europe to provide shoreside power to cruise ships.

3 Dec 2013

LNG Container RoRo Design "Raises the Bar"

Wärtsilä Corp. says the Crowley vessels will combine environmental and operational goals.

3 Dec 2013

New Player Set to Launch Global Bunker Operations

Soyuz Bunkering Group is understood to be part of Russia's Summa Group and aims to start operations this year.

3 Dec 2013

Bunker Prices Spike as Crude Rises

WTI settled $1.10/bbl higher and Brent gained $1.76/bbl today.

2 Dec 2013

New Chief Executive at the Maritime and Port Authority of Singapore

After four and a half years at the helm, Lam Yi Young will be replaced by Andrew Tan Kok Kiong on January 1, 2014.

2 Dec 2013