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March Oil Meeting "Unlikely" Say OPEC Sources

But one source suggests a plan may be in the works to lure Tehran to the table.

DryShips Posts Single Worst Annual Performance by a Public Shipping Company: Report

Dry bulker DryShips reports Q4 financials and stops paying principal on bank debt.

Nigeria Will "Make the Necessary Sacrifices" to Remain Part of OPEC

Nigeria's President, Muhammadu Buhari, says it has "no intention" of leaving OPEC.

"Inflexible" Iran Will Not Be Flooding the Market With Cheap Oil

The anticipated post-sanctions flood of cheap Iranian oil was threatening to sink already low bunker prices at some primary ports into double-digit territory.

Port of Rotterdam Hails Cleanest Sea-Going Vessel Ever to Call at the Port

The "soundless" call was made last summer.

Rolls-Royce Signs $6.5m LNG Propulsion System Deal

Engine maker contracted to provide LNG propulsion package for fish food carrier.

ECA Operator Aims to Reduce Bunker Consumption to All-Time Low

The Danish ferry and transportation firm says it is aiming to reduce its bunker consumption 5 percent by the year 2017.

Traders Enter Into Bunker Barter Deals With Iran

Media reports traders are swapping high-quality bunker fuel for gasoline.

DFDS: Scrubbers Pay off for ECA Compliance, but LNG Bunkers More Efficient Solution for Newbuilds

DFDS had installed scrubbers on 17 of its vessels by the end of 2015, but says that LNG is the most efficient ECA compliance solution for newbuilds.

Brexit: EU 'Leavers' Yet to Address Concerns of UK Chamber of Shipping

The UK Chamber of Shipping thinks campaigns calling for an exit from the EU have not been robust enough.

SSI Launches Roadmap to a Sustainable Shipping Industry

SSI defines tangible milestones around sustainability to meet the 2040 goals.

Wärtsilä Audit Identifies "Deviations" in Fuel Consumption Tests

An internal audit has revealed deviations in the fuel consumption tests of marine engines.

Wind Power Can Help Older Tonnage Compete with Newer Eco-Ships, Says New Study

A new report from UCL-Energy and the Carbon War Room claims wind technology can yield up to a 60% fuel savings for ships.

GAINN Projects to Support Development of LNG Bunkers in the EU

Two new projects are designed to facilitate the introduction of LNG into the Mediterranean bunker infrastructure.

Vitol Looking to Cash in on Oil Glut With Sale of a Stake in VTTI

VTTI says it had a storage capacity of 8.7 million cubic meters.

CMA CGM Will Send Six 18,000 TEU ULCSs to Asia/US West Coast Service

There is worry the deployment will create more overcapacity and impact already-low rates.

Singapore Owner Fined $130,000 for Violating Fuel Switching Regs

The incident in question dates back to 2012.

Greek Owner Pays €500,000 to Release Vessel After Suspected Bunker Spill

Captain of bulk shipper photographed trailing a 40 kilometer bunker fuel slick gets fine and summons

Jeddah Players Inactive on Low Bunker Prices

National Bunkering and APSCO are both said to be inactive in the Jeddah bunker market.

Nigeria: Expect a "Dramatic Price Movement" - Oil Output Talks Reportedly Set for March 20

Optimistic Nigerian official says "everybody is coming back to the table."

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