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Green Ship Advantage Called into Question

Broker says parameters like bunker prices and a change in market conditions could see Eco-tonnage face the same problems Greenfield Shipyard projects did.

Bunker Prices Soften in Key Ports

Although Asia saw some gains, global bunker prices were generally falling on Thursday.

MAN Sells Fuel-Sharing Engines for LNG Carrier

The company says the use of the dual-fuel engine technology is a first for this type of vessel.

GAC Group Names New Group President

Bent Ekstrand, former Asia-Pacific, Middle East leader for the company, will replace Lars Säfverström.

P&I Rates Rising in 2013

UK P&I Club announces 7.5 percent hike, while Gard will have a 5 percent increase.

Martek Gets $1M-plus Orders for Emissions Systems

The systems, which monitor various pollutants, will be used by Daewoo and HHI.

Profits Up for North European Shipping Company

Finnlines predicts "volatile and challenging" market for the remainder of 2012, but says it's prepared.

Oiltanking Appoints New President and CEO

Anne-Marie Ainsworth has been selected to succeed Carlin Conner effective November 26, 2012.

Singapore Bunker Firm Facing $16 Million in Claims

Baxus Marine sold bunkers at a "rate significantly lower" than what it had paid for them.

Fuel Oil Spill in Port Angeles, Washington

About 840 gallons of heavy fuel spilled, but only 50 to 100 gallons finds its way into the water.

Global Bunker Prices Remain Firm

Many ports saw further gains on Wednesday, with markets in the Americas more mixed than elsewhere.

Matson Sees Growth in Third Quarter Results

U.S. Pacific shipper says revenues, income, and volumes all saw year on year growth.

Bunkers International Tanker Expands Supply Locations

BT Cartagena Sun is now fully authorised by the Maritime Transport Agency of Colombia to deliver to the port of Coveñas.

Fuel-Saving Hybrid System For U.S. Navy Newbuild

The fuel-saving gas-electric propulsion system will power the new USS Tripoli.

MP: Ship Emissions Need to be in Carbon Budget

But some leaders argue that demanding emission reductions from the shipping industry would result in higher prices for imported goods.

Wärtsilä Lands Big Middle East Deal

The engines and propulsion systems for will be used in 14 tugs at the Kuwait oil terminal.

TORM's Q3 Losses Rise Following Restructuring Effort

Company says market conditions and its financial situation hurt its performance.

Fuel-Saving Pump Systems Could Save $500,000 per Year

Audit finds savings through fuel-saving technology, including adjusting cooling systems for sea-water temperatures.

Bunker Prices Start to Rise

Singapore, along with many ports in north and western Europe, and the U.S. Gulf see prices start to firm

Singapore Bunker Term Contract Premiums Down in November

High supply levels and weak demand push ex-wharf premiums down compared with October.

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