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Giant Sails Cut Fuel Consumption "By 30%"

Multiple, rigid, aluminum and fiber-reinforced plastic sail system give ROI in 5 to 10 years.

WWH Vessel To Get "World's Largest Multi-Stream Scrubber"

Wärtsilä Hamworthy to retrofit the MV Tamesis with a Krystallon Exhaust Gas Cleaning System.

Prices For Key Grades Still Softening Overall

The week starts mixed with IFO380 and IFO180 still on a downward trend for the month.

UASC Takes Delivery of Eighth 13,500 TEU Box Ship

Firm says the cost saving from the environment-conscious technology onboard will be significant.

Fathom Launch ECA Compliance Guide

Guide aims to deal with "the full scope of the challenges" when operating within an ECA.

Canadians to Buy Statoil Fuel & Retail for $2.8 Billion

53 krone per share cash deal expected to close in June.

Box Shipping Unlikely to Recover in 2012

Hamburg Süd says overcapacity and bunker prices drove down freight rates in 2011.

President Obama in Oil Market Manipulation Crack Down

Speculation is raising the price of a barrel of oil by as much as 40%.

FAL Oil Nears Debt Restructure Deal

Company seeks to restructure $700 million and secure $620 million to sustain operations.

Yujin Considers Cancelling Newbuilds

Following significant delays, the bunker tanker owner is considering options including canceling contract.

Chart Ferox to build Fast Ferry LNG and Bunkering System

Ferry to be world's fastest, environmentally cleanest and most efficient high speed ferry.

Ship Manager SSMA Gets SEEMP Certification

The Turkish Ship Management Company joins NYK as ClassNK's first certifications of this kind.

Stolt-Nielsen Likely to Win $300 Million Redevelopment Contract in Singapore

Jurong Port project to increase onshore storage for up to four million barrels of oil and chemicals.

Rotterdam Opens Botlek Tank Terminal

Port intends to expand capacity to 700,000 cubic meters after completing the second phase of development.

Singapore Bunker Sales Up 17%

Drop in bunker prices spurs demand, sending March sales climbing nearly 17 percent and monthly volumes back above 3.6 million mt.

Stolt-Nielsen Tanker Division Hit by $8.6 million Q1 Loss

Division says loss due to higher operating costs, weak volumes, and a substantial loss of operating days.

Malaysia's ATB Terminal gets First Fuel Oil Cargo

ATB oil terminal now offering 'new storage and logistics opportunities in the Singapore region.'

Aft Half of Container Ship Sinks

Grounded cargo ship "likely to leak more fuel" as rear section of the vessel sinks off the coast of New Zealand.

Fuel Leak Fears as Cargo Ship Runs Aground

Vessel may be leaking fuel from a ruptured tank after running aground in North Wales.

New York Cruise Ships Still Not Plugging In

Project needs another $4.3 million, time line slipping into its 4th year.

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