All News

Pheonix Petroleum To Acquire Chelsea Shipping Corporation

Company to be acquired via a share swap agreement valued at more than $33.9 million.

11 Jul 2012

World Fuel Services in Sanko Ship Arrest Saga

Ship & Bunker understands WFS are owed up to $3.3 million in unpaid bunker bills.

11 Jul 2012

50% of China's Shipyards Facing Bankruptcy Good For Recovery

Industry player says "until some of the Chinese shipyards start going bankrupt, there would not be any improvement in the market conditions"

11 Jul 2012

Mixed Bunker Price Movements on Tuesday

Bunker prices were mixed on Tuesday, some gains seen in the Americas and further losses in Europe and Asia.

10 Jul 2012

Indian Tankers Granted Insurance to Carry Iranian Oil

United India Insurance Co., has agreed to provide Protection and Indemnity (P&I) coverage to Indian tankers carrying oil from Iran.

10 Jul 2012

Matson Lower Fuel Surcharge Following Bunker Price Drop

Company says for most customers it "represents a reduction in shipping costs ranging from $70 to $120 per container."

10 Jul 2012

Cabotage Law Change Boost To India's Bunker Business

Allowing foreign ships to transport cargo between Indian ports should increase ship calls and bunkering opportunities.

10 Jul 2012

Week Opens with Bunker Prices Continuing to Fall

Global bunker prices remained soft on Monday, and some key ports saw double-digit drops.

9 Jul 2012

Mitsubishi Complete Environment Focused Testing Facility

MHI said the testing machine will be used for verification of various technologies to comply with NOx emission regulations.

9 Jul 2012

Stolt Tankers Posts Q2 Profit

Stolt Tankers reported an operating profit of $29.0 million for the quarter ended May 31, 2012.

9 Jul 2012

Yujin Cancels Tanker Order

Singaporean tanker owner is requesting a full refund of all monies including interest.

9 Jul 2012

Week Ends with Falling Bunker Prices

After a week of strong gains Friday's bunker prices dropped in many ports.

6 Jul 2012

New LNG Tankers Developed by Veka-Group

Company says "there will be a rapid increase in the use of LNG by ships for both coastal and inland shipping."

6 Jul 2012

NuStar Energy Projecting Q2 Loss For Fuels Marketing Operations

The Fortune 500 firm says fuel oil and bunker inventories had not been hedged for some two months in a declining commodity price market.

6 Jul 2012

U.S. to Invest $62 Million in Biofuels

$30 million in federal funding will be used to develop biofuels to replace diesel for commercial shipping.

6 Jul 2012

Bunker Prices Continue to Rise Thursday

Gains in the price of marine fuel are seen in many ports although there are less double-digit jumps than earlier in the week.

5 Jul 2012

New Ultrabulk Vessel To Save 15% on Bunker Fuel Bills

Danish shipping firm says the 38,000 dwt bulker is the first super ECO-designed new-build order placed as part of their fleet renewal and expansion plans.

5 Jul 2012

First Commercial Shipment using "Practically Sulfur Free Biofuel"

Firm says a bio-oil is created from food industry waste and converted into biodiesel for shipping fuel.

5 Jul 2012

June Bunker Price Analysis

Prices were down $40 across key indicator ports Singapore, Rotterdam, Fujairah, and Houston, less than half of the almost $90 drop seen in May.

5 Jul 2012

Wednesday Bunker Prices Climb Further

Many ports saw another another day of strong gains for bunker prices on Wednesday with few negative movements.

4 Jul 2012