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Scorpio Ends 6 Month Newbuilding Order Spree with 16 More Vessels
CEO Emanuele Lauro says prices have now moved up 8-12%, and expected deliveries for new orders are moving beyond 2015.
30 May 2013
"Enormous Barriers" To Widespread Use of LNG Bunkers
Volvo Penta America region President Ron Huibers believes LNG will not replace diesel as the fuel-of-choice in the near future.
30 May 2013
BIMCO President Faults "Environmental Siege" on Shipping
John Denholm said emissions and ballast water regulations are adding costs to the industry when it can least afford them.
30 May 2013
Shale Gas Boosts LPG Shipping Rates
The earnings for ships carrying the fuel have risen as other shipping rates have foundered.
30 May 2013
Commerzbank to Buy, Run Ships
The bank plans to keep the vessels running and sell them when the market improves.
30 May 2013
Canada Stops Oil Leak From Sunken Bulk Carrier
The vessel sank in 1985 had been leaking oil in recent months.
30 May 2013
Big Jump Up in Profits for Dry Bulk Shipper
Star Bulk is using $75 million from an equity offering for fuel-efficient vessels.
29 May 2013
Analysis: USG No. 6 3% vs WTI
Comparison prepared by bunker broker and trader Merlin Petroleum Co., Inc..
29 May 2013
South Korea 500 cSt Sales Total 30,000 mt in May
Two firms now sell the fuel, which is less expensive than 380 cst.
29 May 2013
Company Takes "Opportune Window" to Buy Three Fuel-Efficient Refer Vessels
Dole Food Company Inc. said it has ordered the speciality ships at "very competitive costs."
29 May 2013
Aegean Announces Syndication of its $800 Million Credit Facility
The credit offers more financial flexibility, which the company calls a "key competitive advantage."
29 May 2013
White House Vows Veto of Keystone Bill
Bill would allow the project to move forward without completing a government review that is now under way.
29 May 2013
Daily Bunker Price Report, Tuesday May 28, 2013
Some double-digit gains seen as bunker prices rise in key bunkering ports today.
28 May 2013
FutureShip Launches Singapore ECO Research Centre
The centre will be supported by the Maritime and Port Authority of Singapore under its Maritime Cluster Fund.
28 May 2013
LNG Bunkering Pioneers Seek Government Framework
"The use of LNG as fuel is still relatively unknown to the general public, market parties and government entities."
28 May 2013
Ship Finance to Add Four Fuel-Saving Containerships
The ships "will include the latest in eco-design features" to offer competitive performance.
28 May 2013
Maersk Tankers Retrofitting Vessels for Fuel Savings
The company says modernizing ships is preferable to buying new ones in an oversupplied market.
28 May 2013
Shell CEO Warns of Obstacles to Australian LNG
Voser said rising costs of projects in the country represent a "significant challenge" for companies like his.
28 May 2013
Korean Bank Signs Deal to Promote Eco-Ships
The MOU with Korea Register of Shipping (KR) is part of a plan to increase support for environment-friendly vessels.
28 May 2013
High Bunker Prices Will Mean More Slow Steaming
Drewry finds "wide variance" in speeds among carriers on major routes.
28 May 2013
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