Maersk Line Vessel First to Utilise Newly Developed Bunker Saving Waste Heat Recovery System
The HydrocurrentTM Organic Rankine Cycle Module 125EJW waste heat recovery system has begun operation on a Maersk Line vessel, Arnold Maersk.
ReCAPP: Still No Hijackings for Oil Theft in Asia Since September 2015
ReCAPP's latest report says the overall situation of piracy and armed robbery in Asian water continued to improve during January to March 2016.
Singapore Posts Highest Ever Q1 Bunker Sales as Record Numbers Flock to Buy Fuel
Source: Maritime and Port Authority of Singapore
Singapore has recorded another huge month of bunker sales, the latest preliminary data from the Maritime and Port Authority of Singapore (MPA) shows.
Sales for all products in March totalled 4,149,800 metric tonnes (mt), the port's third highest ever sales total and only the fourth time the world's biggest bunkering port by volume has recorded over 4 million mt in a month, following the 4,28
Bunker Spill Response Sparks Twitter Backlash
The hashtag #WilmingtonLivesMatter has been developed to raise awareness of adverse affects boaters say they are experiencing from the Istra Ace bunker spill in March.
ETI Looks to Partner on Waste Heat Recovery Project that Could Glean 8% Bunker Savings
ETI has issued a call for partners in relation to its heavy duty vehicle marine waste heat recovery project, intended to garner bunker savings and reductions in associated CO2 emissions.
Bremenports Launches Europe's First LNG-Powered Working Vessel
Bremenports has announced that it has launched a LNG-powered hopper barge in the Netherlands.
OPEC Predicts Successful Freeze Meeting - But Latin America Will Discuss the Proposal Beforehand Anyway
Rafael Correa, president of Equador, says representatives of his country, Colombia, and Venezuela will meet on April 8
Bunker Spill Ship Wreck No Longer Considered a Hazard
While some oil still remains on the sunken MV Rena, officials say the vessel is no longer classified as a hazard.
Baltic Dry Index Continues to Soar on Surging Capesize Rates
Supramax rates were up $23 on Monday
Buoyed by higher Capesize rates, the Bal
LNG Bunkers Remain Distant Reality for Australia
Banu Kannu, of Wärtsilä, says LNG bunkering in Australia is "still a way off."
Singapore's Mercator Lines' Sells Another Bulk Vessel
Yit Chee Wah, Mercator Lines' Judicial Manager, announced the 73,652 DWT bulk carrier Kalpana Prem has been sold for $2,933,801.65.
Carriers Stick with Slow Steaming as Rock Bottom Rates Outweigh Gains from Sharp Fall in Bunker Costs
"Rock-bottom" vessel charters and container leasing rates are dissuading carriers from going full throttle.
Despite Willingness To Consider Freeze, OPEC Output is Rising
Iran and Iraq lead the charge in a total OPEC March output of $32.47 million bpd.
Dry Bulk Rates Continue Increase, but Pessimism Still Abounds
Alcide Ezio Rosina, President of Premuda, predicting another "very bad year" for dry bulk says rates will experience a slow down by the year's end.
HMM Gets Green Light for Finance Rescheduling
HMM has received approval from its creditors’ council to extend its debt maturity from March 29 to June 29, 2016.
Trump Adds to Oil Price Uncertainty, Says if Elected he Could Halt Saudi Oil Purchases
Trump says we're less dependent on Saudi and other Arab nations due to technology plus U.S. oil production.
Oil Volatility Leading Up to OPEC Meeting, Market Rebalance Afterward: Mirabaud
Vaqar Zuberi says supply reduction is necessary to have a "meaningful impact" on prices.
Large Bunker Spill as Containership Breaks in Two
TS Taipei ran aground on March 10, but broke up last Thursday. Photo: EPA
Alphaliner: Biggest Ever Container Shipping Bankruptcy Edges Closer
Alphaliner says the bankruptcy of troubled South Korean carrier HMM "would dwarf all previous bankruptcies in this sector."
Vessel Sinks in Indonesia After Grounding, No Reports of Spilled Bunkers
The KM Bunga Melati XV went down with a cargo of cement.
Aging cargo vessel,