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Slow Market Sees BIMCO Draft Idle Time Hull Fouling Clause
Current market means more idle vessels, and new clause addresses time charterer responsibilities for fouling when vessels sit idle.
12 Oct 2012
U.S. Awards $30M for Clean Diesel
Environmental Protection Agency awards will replace engines and propulsion systems for vessels in several states.
12 Oct 2012
Cambodia has Annual Bunker Sales Potential of 720,000 mt
New Go4 Bunker venture says it wants monthly sales of 10,000 mt at its opening ceremony presided over by Denmark's Princess Marie in Phnom Penh.
12 Oct 2012
Deiulemar Shipping Declares Bankruptcy
Italian dry freight group says "the source of much pride has vanished into thin air and the hopes of a recovery have ceased."
12 Oct 2012
Drillships Drive "Surge" in Korean Shipyard Orders
Analyst says orders for drillships, offshore production facilities, and LNG carriers "will be flooded."
12 Oct 2012
Thursday Sees Further Bunker Price Gains
Global bunker prices continued to climb on Thursday, with moderate gains in Europe and Asia, with mostly steady prices in the Americas.
11 Oct 2012
Sinopec Building $850M Oil Storage Terminal in Indonesia
With a 16-million-barrel capacity, the project will be Southeast Asia's largest, and will increase Sinopec's presence in Singapore.
11 Oct 2012
Japan, India Mulling LNG Pricing Shift
The Asian nations will research oil-indexed pricing methods that put LNG prices much higher than in North America.
11 Oct 2012
Egypt Plans Multi-Billion-Dollar Development Along Suez
Private investors, foreign governments have pledged to fund industrial and trade centres along canal.
11 Oct 2012
Report Sees Route to Profits for Container Carriers
The Boston Consulting Group argues that container shippers can succeed despite a glut of ships and rate wars.
11 Oct 2012
USTC Strengthens Board to Continue Growth
The tasks of the new board include making Bunker Holding into the world's leading bunker company.
11 Oct 2012
4 Suppliers in 4 Months Exit Singapore Bunker Market
Total number of suppliers drops to 73 as of October, down 77 in June 2012.
11 Oct 2012
VTTI Looks to Double Fujairah Storage
Construction at the facility, which is "excellently placed to serve the major bunker market there," could start in 2014.
11 Oct 2012
Markets See Rising Mid-week Bunker Prices
Marine fuel prices were moving up in many ports on Wednesday while crude slipped by just over a dollar.
10 Oct 2012
LSFO Supply From New Bunkers International Barge in Colombia
Supplier says the Bocas Del Carare barge is fully operational and licensed to fuel ships in Buena Ventura.
10 Oct 2012
Senior Trader Joins Singapore's Dynamic Oil Trading
Shirli Goh joins newly launched trading firm Dynamic Oil Trading from fellow Wrist group company O.W. Bunker.
10 Oct 2012
Environmental Groups Intervene in Alaska ECA Suit
Organisations warn of health risks, say "use of incredibly dirty fuel by ships near our coasts must stop now."
10 Oct 2012
Shipping Exec Predicts Recovery for Indian Market in 2013
SCI's S. Hajara says the mismatch between supply and demand of vessels should clear up by the middle of next year.
10 Oct 2012
Dual-fuel Engines, Electric Propulsion Drops Fuel Costs 30%
GE says the systems also increase cargo capacity 3 to 5 percent by allowing for better layout.
10 Oct 2012
Maersk to Shift Focus Away from Containers
Chief executive says it's seeking "more stable results" and will drop investment share in its Maersk Line business.
10 Oct 2012
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