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Warburg Pincus Says Titan Proposal is Unrealistic

Investor says its alternative proposal will deliver a superior return to stakeholders as the liquidation hearing is pushed back to September 5, 2012.

West of England Issue Cappuccino Bunker Advisory

Bunkering should be stopped immediately if a vessel suspects that it is receiving fuel oil containing air.

Friday Sees Week-on-Week Gains For Bunker Prices

Some key price indicator ports saw marine fuel prices drop as the week closed, but overall prices are up for the week.

Scrubbing Expected To Become "Fairly Standard" on Ships

Wood Mackenzie says blending to make low-sulfur "just would not make any economic sense."

MV Rena Clean-Up Cost the Tax-Payer $50 Million

Politician calls for better liability legislation or "taxpayers will be forking out again."

MISC Returns To Profit, Ends Liner Business

Company says the shipping industry has yet to show signs of recovery.

Thursday Bunker Prices Climb Further

Marine fuel prices continued on an upward trend with some key indicator ports seeing double-digit gains.

Cochin Shipyard Delivers First of its Kind PSV to SCI

UT 755 Rolls Royce series PSV has efficient hull design and solutions that minimise environmental impact.

New Fednav Bulk Carriers To Use 20% Less Fuel

The "environmentally advanced" vessels will also produce 20% less emissions.

CEPSA Ready To Supply 1.00% Sulfur Fuel in Balboa

Supplier says it is meeting the needs of its customers who are required to comply with new North American ECA.

Global Bunker Markets see Mixed Mid-Week Prices

Wednesday saw a variety of price movements throughout most regions.

Port of Long Beach Sees 75% Emissions Reduction

Port says analysis of key pollutants in 2005 compared to 2011 show its clean air programs gave a 75% reduction in airborne diesel particulates.

Shipowner Wants Level Playing Field Before Law Change

Shreyas Shipping calls for a waiver of duty for bunker calls and a tax reduction for crew wages.

Titan Bondholders Voice Support For GDZR Deal

Bondholder committee member says liquidation is not in the best interests of the stakeholders including creditors.

LNG Provides Savings of Almost One Third

India's Minister of State for Petroleum and Natural Gas says LNG use for specific applications in place of crude oil would result in savings.

Gains Continue for Bunker Prices on Tuesday

Global bunker fuel prices made further gains on Tuesday as the WTI spot price also saw its first gain in the week.

EU Ports See 66% Reduction in Sulfur Dioxide

The EU's Joint Research Centre says study demonstrates that ships were the main source of sulfur dioxide in the harbours.

Aegean 2012 Q2 Net Income Rises 15%

The total volume of bunker sales in the period grew 3% to 2,714,176 metric tonnes.

SCI Widen Losses as Bunker Costs Jump 40%

Company says it hopes that by the middle of 2013 the fortune of shipping companies will improve.

ZIM to Implement Low Sulfur Fuel Charge

Israel cargo shipping company says the charge is in order to cover the increased fuel costs because of the ECA.

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