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Cost Saving Fuel Switching Feature to be Made Available on New Hybrid Marine Engines
Apr 8, 2016 ... (WinGD) has announced that a cost saving fuel switching function will be made available on its X-DF engines later this year, allowing operators "broad flexibility" to use both liquid and gaseous ...
Surging Dry Bulk Rates Are "Just Prolonging the Pain" for the Sector
Apr 6, 2016 ... segment held steady at earnings of $5,004 per day. David Fickling, writing for Bloomberg Gadfly, says that the BDI's gains over the past few weeks may appear to be good news, but taking into ...
Suez Canal Offers Incentive of 30% Discount to Container Ships
Apr 4, 2016 ... The SCA has reduced tolls for container ships traveling the Suez Canal from and to certain ports by 30 percent for the period of March 7th to June 5th 2016. ...
Critics Dismiss Joint Oil Freeze Talks as "An Empty Gesture" as OPEC Confirms Iran Won't be Participating
Mar 22, 2016 ... Abdullah al-Badri Analysts say declines in U.S. shale and other factors are more important developments to focus on. ...
Obama's Drilling Ban Meaningless for Producers Now, But Could Tee Up Price Jumps in Future Years
Mar 16, 2016 ... to be meaningless for oil producers in the near term. Liam Denning, a columnist for Bloomberg Gadfly, equates Obama's ban as "a little like me promising not to become a brain surgeon," adding ...
Low Bunker Prices Helps Intra-Asia Player Post Profit in 2015 Despite Tough Markets
Mar 15, 2016 ... SITC) from "neutral" to "underweight" as a result of carriers that were "wasting" the windfall from lower bunker ...
MAN Diesel & Turbo and Japanese Engine Manufacturer Sign Eco-Engine Deal
Mar 14, 2016 ... entered a new cooperation agreement with Japanese manufacturer JFE to develop MAN's 32/44CR, 35/44DF, 48/60CR and 51/60DF four-stroke engine types. According to the release, the agreement applies ...
DryShips Posts Single Worst Annual Performance by a Public Shipping Company: Report
Mar 10, 2016 ... Dry bulker DryShips reports Q4 financials and stops paying principal on bank debt. ...
Daiichi Chuo Announces Financial Support for Reorganisation Efforts
Mar 10, 2016 ... The Japan-based dry bulk carrier says it has as entered into investment agreements with its main creditors, including 14 vessel owners and shipyards. ...
ECA Operator Aims to Reduce Bunker Consumption to All-Time Low
Mar 9, 2016 ... ferry and transportation firm DFDS says it is aiming to reduce its bunker consumption to record lows for 2017. "We have reduced consumption by 3.5 percent from 2012, and we aim to reduce ...
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