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Week Ends with Small Mixed Bunker Price Movements

Bunker prices ended the week with U.S. and Asia mostly steady, while Europe saw small gains.

Matson To Up Fuel Surcharge After Bunkers Rise Over 13%

Surcharge to rise by 4.5% effective October 7, 2012 following decreases in June and July of 3.5% and 3% respectively.

New Dual-Fuel Engine From MAN

Can use HFO, MDO, MGO and natural gas, meeting IMO Tier II standard in diesel mode and Tier III in gas mode.

MV Rena Officers Deported After Early Release

Not know if the men would choose to work on ships again but council said the company has kept their jobs open.

Rolls-Royce Gets Ship of the Year Award

SMM says the choice reflects the importance of the offshore segment.

Tank Barge Operator Makes $116M Acquisition

Kirby adds 10 tank barges, three dry-bulk barges to fleet, says the deal gives it a strong footprint to grow the petrochemical segment.

Iran: Insurance for Any Oil Tanker Carrying Iranian Crude

Iran Insurance Company says extends insurance coverage for every oil tanker loading in Iranian ports.

BP Accused of Gross Negligence and Wilful Misconduct

Damages under the Clean Water Act could nearly quadruple to $21 billion.

Oil Outlook: WTI Expected to Hit $72 a Barrel

Deutsche Bank analyst adds that at the very most anything above $130 a barrel for Brent is unsustainable.

Thursday Bunker Prices Make Small Downward Movements

Global bunker prices fell again in many ports on Thursday, however losses were more modest than yesterday.

New APL Ships To Be 20% More Fuel-Efficient

Hull design accounts for multiple draught and speed conditions will give savings of $3 million per ship per year.

GL Plans Zero-Emissions Ship

Hydrogen for fuel cell would come from wind power while a dual-bunkering approach allows for a three-hour bunkering time.

Titan Wind-Up Petition Adjourned Again

The new hearing will be on September 18, 2012 when SPHL's application to appoint joint provisional liquidators will also be heard.

CMA CGM, Daewoo To Develop LNG-Powered Container Ship

The first vessel could be built within five years when a solution has been completed to supply the vessels with LNG.

DNV Says Fuel Cell Technology Proves Successful

Classification society says it has paved the way for safe and smooth introduction of fuel cells for ships.

Biofuels Get Nod From U.S. General James F. Amos

The high ranking U.S. military official says he is a "big believer" in alternative fuels and that biofuel "is probably just one step along the way."

Bunker Prices Drop on Wednesday

A number of ports worldwide saw bunker prices drop by significant amounts on Wednesday.

LNG is Indisputably the Best Long-Term Solution for Ship Owners

Rolls-Royce's Merchant President Neil Gilliver makes the comments as the EPA approves the firms C-engine range marine LNG engine.

WFS Completes CarterEnergy Deal

Overland Park, Kansas based CarterEnergy is a branded distributor for Philips 66, BP, Valero, Suncor, Shell, ExxonMobil, Cenex and Sinclair.

LUKOIL Ups Stake in Sicily Refinery

ERG sells half its interest in the Italian facility meaning the oil major now holds an equity interest of 80%.

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