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U.S. Ups Iranian Energy and Petrochemical Sanctions

New sanctions extend to the purchase or acquisition of petroleum, petroleum products, or petrochemical products from Iran

China COSCO Makes Profit Warning

Shipping firm says profits will be reduced by 50% compared to the same period in 2011.

Oil Spill and 5 Confirmed Fatalities After Bunga Alpinia Tanker Fire

MISC say slick is 'largely being contained' and the fire is reported to have been extinguished.

Bunker Prices Continue Climbing as Week Opens

Marine fuel prices continued to make gains in many markets on Monday.

Charges for Tanker Owner after Vessel Sinking

Owner and captain of The White Whale face up to five formal charges including not taking precautions to limit pollution.

Rongsheng Issues Profit Warning, Chairman in $13 Million Insider Trading Case

SEC says a company controlled by Rongsheng chairman Zhang Zhirong was involved in $13 million made through insider trading in Nexen.

MSC in Low Sulphur Surcharge from August 3

The new fees will apply to all export cargo to all U.S. ports.

Deiulemar Shipping Looks to Liquidate

Italian dry freight group says the move is to an attempt to save the company from formal bankruptcy proceedings.

Bunker Prices Climb as Week Ends

The week ended with bunker prices gaining across all regions, with some strong gains seen in Europe and Asia.

U.S. Tank Barge Operator Boosts Q2 Profits

Houston based Kirby Corporation Q2 net earnings up 14% on the back of a strong performance in its marine transportation segment.

Emerson Collaborate with Singapore's Ascenz on Bunker Monitoring System

Firm says its customers can gain real-time insight into the ship's operations and manage their fuel costs.

Shipowner Ordered to Pay $1.2 Million for Pollution

Odysea Carriers, S.A. also told to implement Environmental Compliance Plan after it pleads guilty to dumping oil waste and trying to cover up its actions.

Gains for Bunker Prices on Thursday

After a week of losses bunker prices began to make a recovery on Thursday with many ports seeing prices move up.

Evergreen Christens First Fuel-Efficient L-type Containership

First of 30 L-types on order at the firm, the Ever Lambent is designed to save fuel consumption and cut carbon emissions

Tanker Fire Impacts Operations at Petronas Facility

One fatality confirmed as MISC tanker reported to have been hit by lightening.

Singapore Based Samudera Posts Q2 Profit

Container line says bunker surcharges boosted performance but bunker prices continue "to be a key concern."

Wednesday Bunker Prices Continue Downward

Marine fuel prices generally continued down on Wednesday with some markets showing signs of steadying.

Off-Spec Bunker Fuel Alert Feature in FuelTrax System

NCS says density monitoring system to identify potentially bad fuel and stop a bunker before too much has been pumped aboard can help save incident costs.

PSV Power Deal For Wärtsilä

Company says one of PSVs will be LNG powered making it the eighth LNG PSV based on Wärtsilä designs.

Bunker Prices Add Pressure to Rock Bottom Tanker Earnings

Broker says the VLCC market has gone from bad to worse.

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