All News

Star Bulk Public Offering to Fund New Vessels

The carrier is selling 7 million shares at $8.80 per share, partly to pay for nine newbuildings.

4 Oct 2013

Finnish Ship Owner Develops Own Cost-Efficient Scrubber

Langh Ship said switching to MGO or ordering scrubber systems from a vendor would have been too expensive.

4 Oct 2013

Tricks of the Bunker Trade: Can You Beat the Coriolis Flow Meters?

Mass flow meters promise to prevent many of the current tricks employed by unscrupulous individuals.

4 Oct 2013

China Gets Star Bulk Orders For Five More Fuel-Saving Bulkers

The company is paying the two shipyards a total of about $214.9 million for the vessels.

4 Oct 2013

Two More Eco-VLCCs for AET

The tanker operator said the ships are some of the "greenest VLCCs operating in today's market."

4 Oct 2013

Oil Markets Come Back Down as Investors Focus on U.S. Government Shutdown

WTI dropped $0.79 to settle at $103.31/bbl, while Brent only came down $0.19 to end the session at $109.00/bbl.

3 Oct 2013

Fast LNG Ferry Fuelled from "Nano-station"

The Argentinean company Buquebus is the first ferry operator to provide its own LNG fuel supply.

3 Oct 2013

Supplier GB Oils Changes Name to Certas Energy

The UK fuel company said the rebranding reflects its recent growth and acquisitions.

3 Oct 2013

EU to Streamline Maritime Regulatory Compliance

The e-Compliance project brings class societies, carriers, and regulatory bodies together.

3 Oct 2013

China's Position as a Big Fuel Oil importer No Longer Guaranteed

The country was a net exporter of fuel oil in August, caused in part by lower bunker demand.

3 Oct 2013

Rate Hike Efforts Failing, Current Levels "Unsustainable"

Maersk and other big carriers are facing too much overcapacity to make increases stick.

3 Oct 2013

Hull Design Promises Low Resistance Across Speeds

Finish designers say the hull results in "absolutely minimal" wave formation.

3 Oct 2013

Banks Agree Funding for CSAV Ship Orders

The Chilean firm will combine loans with the proceeds of a public equity offering to buy seven ships.

3 Oct 2013

Crude Prices Rebound as Investors Speculate Over Keystone Pipeline

WTI jumped $2.06 to settle at $104.10/bbl and Brent gained $1.25 to end the session at $109.19/bbl.

2 Oct 2013

Maersk Line: Overcapacity Will Last at Least Five Years

CEO Soren Skou said the industry must seek to reduce capacity rather than dropping rates.

2 Oct 2013

Global Vision Bunkers Expands Team in Singapore

Sean Gwee has been appointed Manager of the company's Singapore office.

2 Oct 2013

"Defining Moment" as Private Equity Firm Agrees to Buy DNVPS

DNVPS was not included as part of DNV's recent merger with Germanischer Lloyd SE.

2 Oct 2013

Inside Opinion: Getting the Amount of Bunkers You've Paid For

Some companies are regularly ordering by standard procedure 5% more bunkers than needed.

2 Oct 2013

Chinese Tanker Operator Orders Eight Eco-Bulkers

China Merchants Energy Shipping said the vessels will help it diversify its operations and increase competitiveness.

2 Oct 2013

Brightoil Posts Loss, Bunker Services Revenue Drops Over 50%

Revenues from the Singapore market fell sharply, but loss mainly due to a drop in the value of its derivative instruments.

2 Oct 2013