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Rumours of Financial Trouble Swirl as Bunker Player Loses 2 Barges

Sources familiar with the matter have told Ship & Bunker that the shipyard took the vessels back last week.

Port of Gothenburg Calls Growing Number of Green Vessels "Highly Encouraging"

The port says there was an 83 percent increase in environmental discounts given in 2016 compared to the previous year.

Record Russian Output Forecast, Rising US Production and Iraqi Compliance Concerns Point to Huge Oil Inventory Increases Later This Year

Observers say the production resurgence will commence following the end of the OPEC cuts in June.

Dana Gas Warns of 1 Billion Barrel Oil Glut as Saudi Aramco Calls For $25 Trillion in New Oil Capacity

Meanwhile, BP says oil's going nowhere and is planning for a $55 price average this year.

Planned LNG Bunkering Facility in Estonia Thrown into Question

Estonian media reports that the Mõntu Harbour facility will not proceed - at least not at the scale previously announced.

Istanbul Bunkering Operations Have Resumed after Friday Fuel Oil Spill: Sources

Friday's traffic stoppage is said to have left barges unable to leave the Istanbul terminal to supply vessels.

Consortium Secures Funding for Development of Fuel Cell Tech for Marine Applications

The technology will be developed based on the PowerCell's PowerCell S3, and will be tested on an arctic research vessel.

KPI Bridge Oil Appoints Trading Manager at London Office

Mark Perrins, previously a senior trader in the London office, has been promoted to the position of Trading Manager.

Zero Emission Propulsion Project to See Development of Hydrogen-Powered Ferry

The energy efficient ferry will be powered by hydrogen fuel cell technology and feature supplementary battery-power.

"Significant" Fuel Oil Spill Reported in the Waters of Turkey's Izmit Bay

The spill is said to have resulted from a leak at one of the Poliport Terminal's shore tanks.

Denmark Moves to Increase Foreign Inspections on Danish-Flagged Vessels

DMA says it carried out a two-week campaign in the U.S. at the end of 2016 in order to promote Danish quality shipping.

IMO Secretary-General Receives Support on EU ETS Position from Intercargo

INTERCARGO Thursday expressed its "full support and total alignment" with Kitack Lim's concerns over the inclusion of shipping emissions in EU's ETS.

U.A.E. Says $50 "Won't Cut It" for Arab Economies, as a New Wave of Predictions Peg Oil at $70

Meanwhile, the Saudis suggest that instead of worrying about the glut, we should brace for a shortage.

Suez Renews Discounts for Box Carriers

SCA will be extending the discounts, which were originally announced in June 2016, until June 30, 2017.

Market Reacts Favourably to Saudi Crude Cuts, But Record Shipments Elsewhere Herald Bearish Sentiment

More bad news comes with a rise is U.S. crude inventories.

Verifavia and INSB Partner on MRV Services

INSB will leverage Verifavia Shipping's experience to provide MRV services to its customers.

NGO Group Says IMO Secretary-General Aligned with Shipping's "Climate Laggards" for Stance on Regional Shipping Regs

The comments come after Kitack Lim, IMO Secretary-General, urged EU officials on Monday to resist regional action on shipping emissions.

Turkey Alters Regs for Distribution and Bunker Delivery License Holders

Effective 2018, the country has changed the way in which license holders must demonstrate that they meet minimum asset thresholds.

Cargo Vessel Linked to Bunker Spill at Vladivostok

A Kiribati-flagged cargo ship, the Rich Mighty, has spilled approximately 60 litres of bunkers from its deck at the Russian port.

New Denmark-Based Bunker Company NORbunker A/S Starts Operations

"The markets are tough for many right now but I think there will always be a place for the smaller traders," founder Jesper Riis Christiansen tells Ship & Bunker.

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