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Home » News » Europe News


Europe News

Viking Line's bunker costs rise 3.6% in H1
17 Aug 2018 13:34 GMT
Finnish ferry operator spent EUR 24.1m on bunker fuel during the first half of the year.

Maersk profitability 'significantly impacted' by higher bunker costs
17 Aug 2018 10:06 GMT
EBITDA negatively affected by bunker price increases not being recovered via freight rates.

Done in a month: Mercuria takes 30% stake in Aegean as refinancing transaction is agreed
16 Aug 2018 14:14 GMT
Mercuria still also has the exclusive right to pursue a broader strategic partnership until January 31, 2019.

Higher bunker prices add EUR 4.1m to operating costs: Containerships Plc
16 Aug 2018 13:13 GMT
EBIT 'particularly affected' by increased fuel costs, says CEO... but it still managed to grow 45.2% in H1.

Torm to install scrubbers on 14 ships in new initiative
16 Aug 2018 10:57 GMT
Covers 10 ships due for delivery up until Q1 2020 plus vessels delivered earlier this year.

Earnings growth dampened by lag in recovery of higher bunker costs: DFDS
16 Aug 2018 09:34 GMT
Danish firm still manages 8.7% rise in EBITDA and $62m net profit.

Rolls-Royce launches new battery system for ships
15 Aug 2018 14:02 GMT
Energy storage unit can be combined with an LNG or diesel-powered engine in a hybrid set-up.

Norden to install 26 scrubbers, with option for additional five
15 Aug 2018 09:27 GMT
Total costs estimated at $54m, with $41m capex forecast for 2018-2020.

ExxonMobil becomes 'first' to offer MFM bunker deliveries in ARA region
14 Aug 2018 11:09 GMT
ECA-compliant ExxonMobil Premium HDME 50 now available via MFM.

Aegean Marine gets extra 90 days to avoid note default
14 Aug 2018 07:41 GMT
Agrees to pay additional 0.5% on next interest payment... but gives 'no assurance' that the issue will be resolved in time.

Bunker-saving air lubrication system 'exceeds expectations' in trials
13 Aug 2018 14:58 GMT
Silverstream System is said to have demonstrated net efficiency improvements of more than five percent.

Wallenius opts for 'balanced' 2020 strategy with low-sulphur fuels and scrubbers
10 Aug 2018 16:27 GMT
Scrubber retrofits on 20 ships... but some set to miss IMO deadline with installations due to continue until 2022.

Hapag to test scrubbers and LNG in pilot projects
10 Aug 2018 15:35 GMT
One ship to be converted to LNG; two to run on scrubbers during tests.

Aegean announces three senior appointments and new management committee
09 Aug 2018 13:38 GMT
Names new COO, CFO and Global Director of Supply and Trading; former COO and CFO leave firm.

Tallink cites higher bunker costs as key reason for lower results
09 Aug 2018 09:51 GMT
Financial results were 'significantly impacted' by the increase in fuel prices, says CEO.



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