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New Tax Breaks on Bunker Deliveries at Three Romanian Ports

The ports of Constanta, Midia, and Mangalia are said to have reduced the tax rate on bunker deliveries for shipowners that engage shipping agents.

Saudi "Not Prepared" to Cut Oil Output

But foreign minister Adel Al Jubeir's comments do little to hurt a three-day price rally.

Oil Price Bulls Are "Clutching at Straws"

Citibank joins the growing number of analysts critical of the Saudi/Russian output freeze.

€53.3 Million Mediterranean LNG Bunkering Project Launched

Poseidon Med II is the second phase of an EU led initiative aimed at the development of Greece as a regional LNG bunkering and distribution hub.

Weak Markets Take Toll on Rolls-Royce Marine Unit

Underlying profit at Rolls-Royce's marine unit fell by 94% in 2015.

Iran Supports Oil Price Stabilization But Has Yet to Agree to Participate in Output Freeze

Critics call this a disappointment in "the last great hope for oil."

DNV GL, VPS Launch Tool to Show Impact of Bunker Quality on Vessel Performance

DNV GL says that "for the first time" shipping companies can easily differentiate between the efficiency loss due fuel quality and other factors.

Maersk Slashes $2.3 Billion From its Annual Bunker Bill

But the the savings did little to help its bottom line, as CEO Nils Andersen warns of tough times ahead.

Bunker Saving Tech Firm Marorka Appoints New CEO

Board of directors announces Juergen Kudritzki will take reigns at digital fleet management firm.

New Middlefart-Based Trader for Dan-Bunkering

Nikolaj Roushmann will work out of head office in Denmark.

Iran Loads First Europe-Bound Crude Shipments

Iran was reported to have three initial Europe-bound crude shipments planned, collectively totaling 4 million barrels.

A "Growing Consensus" Within OPEC Over Reducing Oil Glut

Nigeria's oil minister believes discussions to find solutions will intensify as the June date for OPEC's next meeting approaches.

Rosneft, Pietro Barbaro to Jointly Enter Global Oil Shipping Markets

Rosneft says a deal would "significantly boost the efficiency of our logistics division."

Bunker-Saving Coatings Manufacturer Jotun Group Enjoys 57% Jump in Operating Profit

The Jotun Group announced growth in sales and volume in all segments and regions in 2015.

OPEC Willingness to Talk Cuts Either "Poppycock" or Evidence That "Hell Froze Over"

Analysts warn that the current oil price rebound is based on false hope.

Bumpy Ride for Bunkers Set to Continue as Latest OPEC Rumours Trigger Yet Another Rebound of Crude Futures

But analysts say a new wave of trouble could be brewing.

UK Court Sanctions Shell, BG Mega-Merger

The merger, which is expected to become effective on February 15, is still subject to the delivery of the court order to the registrar of companies.

KPI Bridge Oil Relocates Trader to Athens

"In analyzing Jenny's strengths it became clear she was a perfect fit for the Athens team," says KPI Bridge Oil Athens Managing Director.

Singapore-Registered Vessel Safmarine Kuramo Released After Hijacking

A Nigerian Navy operation freed the crew of the box ship within a day.

Mega-Boxship De-Bunkered, Re-Floated After Grounding

The 19,100 teu box ship has been re-floated after a second attempt afer running aground on the Elbe river.

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