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Hong Kong: Extended Low Sulfur Incentive Scheme Will Help Shipping Industry Cope with Increased Costs During Transitional Period
May 25, 2015 ... The incentive scheme will now run until March 2018, and comes ahead of a July 1, 2015 mandatory 0.5 percent sulfur cap for at berthed vessels. ...
Gazprom HFO Output Drops 13 Percent in First Quarter
May 25, 2015 ... Weak crude and oil product prices led overall sales to decrease to $7.6 billion. ...
ECA Operator DFDS Achieves Highest-Ever First Quarter Operating Profit
May 25, 2015 ... ferry and transportation firm DFDS reports for 2015 it has achieved its highest-ever first quarter operating profit and turned around its loss-making English Channel route. Earnings ...
Demand for Efficient and Low-Emission Propulsion Systems is Increasing, Says Compressor Systems Firm
May 20, 2015 ... A manufacturer of compressors for fuel gas supply attributes an order increase to stricter environmental regulations. ...
Hapag-Lloyd Looks to Further Ship Investment, Says Demand for Box Shipping Services Will Continue to Rise
May 18, 2015 ... But the German shipper warns temporary imbalances in supply and demand could have a substantial impact on transport volumes and freight rates. ...
Greater Bunker Efficiency, Lower Prices Help Hapag-Lloyd to a "Solid" First Quarter Following CSAV Merger
May 18, 2015 ... The German shipper said "the sharp increase in profit was achieved in a challenging market environment." ...
Bunker Piracy in Straits of Malacca & Singapore "Remains a Key Concern": ReCAAP ISC
May 18, 2015 ... said to range from Category 3 (petty theft) to Category 1 (very severe). "The ReCAAP ISC is mindful about the situation in SOMS, where perpetrators boarded ships while underway in the Singapore ...
Bunker Costs Help Cushion Q1 Loss for Singapore-Based NOL
May 18, 2015 ... But President and CEO Ng Yat Chung warns "the liner industry continues to face persistent over-capacity and uncertain global economic prospects." ...
Tanker Investments Posts Strongest Quarterly Profit Since Inception
May 15, 2015 ... The Teekay spinoff company said that it was coming out of its phase of acquisitions. ...
TORM Sees First Quarterly Profit in Five Years
May 14, 2015 ... Profit was $8.6 million, up from last year's quarterly loss of $222.6 million. ...
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A shore power system will be installed at the cruise terminal in Flåm, Norway, allowing cruise vessels to cut emissions while docked.

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U.S./China Breakthrough Buoys Oil, But Market Still Mired In Bearish Sentiment

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S&P predicts a major decline in U.S. crude production for 2026.

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US-China Tariff Truce May Trigger Early Peak Season for Container Shipping: Xeneta

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