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Vopak Revenues Up On Higher Average Occupancy Rate

But the world's largest independent storage tank operator reports a loss after tax related to the divestment of US terminals.

Contract Awarded for Lithuanian LNG Bunker Station

Chart Ferox and PPS win contract for LNG reloading station at Port of Klaipeda.

OPEC: Output Freeze Will Push Prices Over $50/bbl

Qatar's energy minister says the proposed freeze will gain support because it's in everyone's best interests.

Gazpromneft Reports 22% Increase in Black Sea Bunker Sales

The marine bunker division of the Russian energy company sold 795,000 tonnes.

Istanbul Annual Bunker Sales Climb 12%

2016 has also "started optimistically" with similar volumes to 2015, a local source tells Ship & Bunker.

Cramer: Oil Will Fall to $26/bbl, Saudi-Russia Output Freeze "A Total Hoax"

CNBC analyst Jim Cramer says the Saudis are taking direct aim at the United States.

Saudi Tells U.S. Shale Producers to Cut Their Costs or "Get Out" of the Market

However, Saudi's oil minister claims OPEC is not at war with non-members.

Oil Deal "In Flames" as Iran Dismisses Output Freeze as "Ridiculous"

Instead, high-cost producers will have to "lower costs, borrow, or liquidate" to cope with the price slump.

Gard Warns of Shortfalls in P&I Coverage for Tankers Trading with Iran

Gard says it issued a loss prevention circular in order to assist their members in deciding whether to conduct trade with Iran.

First of Three Hybrid Eco-Friendly Tugs Delivered to Dutch Navy

Damen says the diesel-electric hybrid tug, named Noordzee, was delivered to the Royal Netherlands Navy on Saturday.

Shipping Industry Making Waves In Progress Towards Sustainability: SSI Annual Report

Progress update suggests there are challenges but advances are being made.

Carbon War Room Launches Shipping Efficiency Advisory Board

The Richard Branson-created charitable organization forges ahead on shipping initiative.

Bunker Hedge Drags Down Odfjell Bottom Line

The bulk liquid shipper says its "expensive bunker hedging" expired in December 2015.

Becker Marine Receives State Funding for Container-Based LNG Cold-Ironing Concept

Becker has received a funding commitment from the German Federal Ministry of Transport and Digital Infrastructure for its LNG-based cold-ironing system.

Qatargas, Maersk Group and Shell Sign Agreement on LNG Bunkers

Trio of companies sign MOU to explore the develop LNG as a marine fuel in the Middle East.

Valmet to Supply Scrubber System for Two New Cruise Vessels

German tourism company TUI Cruises will install Finnish-made scrubers on latest vessels.

Moody's: Iran Faces Significant Hurdles Boosting Production

Bond rating firm releases report suggesting Iranian crude volumes coming onto market will plateau by 2017.

Recycled Bunker Company Completes €5.5 Million Bond Financing

French recycler Ecoslop raises $6.12 million through convertible bond issue.

Cosco Declared the Preferred Buyer for Port of Piraeus

Greek government declares Chinese state-owned firm preferred buyer for 67% stake in port.

Lukoil-Bunker Reports Record Bunker Volumes Delivered at Kaliningrad

The stems were said to be up to 6,000 tonnes each.

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