Hiring armed security personnel is cheaper than sailing at speed in areas threatened by pirates.

Total bunker costs increased 44% to $1.9 billion during the first quarter while freight rates remain low, says Maersk.

CSAV reports lower Q1 losses, notes that freight rates have not reached breakeven levels in the current quarter.

Sanctions will be a 'major headache' for ships wanting to bunker in Singapore.

Senator Alan Lowenthal gains support for bill that would make permanent a partial sales tax exemption on the purchase of marine fuel.

'They feel that imposing the same norms on them is harsh,' says Indian government official.

'It simply doesn't make sense to be spending extra dollars when we're trying to cut costs,' congressman tells Armed Services Committee.

DFDS official also cites reliability issues with system installed on its vessel.