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Confusion Over Lifting of Nigerian Tanker Ban Affecting Freight Rates and Trading

Freight rates have reportedly risen while trading activity has slowed.

Iran: Oil Output to Reach 4.2 Million bpd by End of 2016

"Can we wait and not produce after lifting the sanctions? Who can accept it in Iran," says Iranian Oil Minister Bijan Namdar Zanganeh.

Total Marine Fuels Looks to Boost Bunker Volumes With New Barge in Mauritius

"We see a lot of potential at Mauritius and we need to give a real answer to the shipowners," says Global Sales and Development Director, Frederic Vazzoler.

Finnish LNG Bunkering Station Receives Approval for €23.44 million in Financial Support

The European Commission has approved Finnish government plans to provide partial funding for an €81 million LNG bunker terminal project at Pori.

Gazpromneft Shipping Aims to Start LNG Bunkering in Baltic Basin by 2017

The company said that it would start with one bunker tanker.

Nordic Tankers Signs Agreement with Marorka for Online Fleet Efficiency Solution

Marorka says Nordic Tankers says has signed on for a yearly subscription of its Marorka Online, a fleet energy management dashboard.

Iran 2016/17 Budget Set With Oil at $42 to $50/bbl

However Iran has called on fellow OPEC members to cut production in order to lift prices to a "fair" level of $70-80/bbl.

Milestone Claimed for First Vessels with Fuel Saving X-STERN Hulls

Yno 309 and 310 are the first vessels to feature the X-STERN design.

Hull Vane Study Shows Device Provides 12.5% Fuel Savings

A new study shows is said to show a 12.5 percent fuel-savings for the Royal Netherlands Navy through their use of Hull Vane's technology.

Scandlines Says €6.3 Million EU Funding on Its Way for Scrubbers, Hybrid Upgrades

Scandlines says a main goal of the project is to optimise the fuel consumption of the two vessels that cross between Rostock and Gedser.

Oman Shipping to Boost Tanker Fleet by 10

State-owned Oman Shipping Company says its tanker fleet will receive ten newbuild medium-range tankers within the next year, bringing its fleet to 53.

Chemical Tanker Owner Loses "Unnecessary" Low-Sulfur Bunker Use Claim

The vessel owner said burning low-sulfur fuel at a European port was "not necessary."

Port of Antwerp Completes First LNG Bunkering Operation on Seagoing Vessel

The Sefarina was also reportedly to the first ship to obtain a particulates discount.

Political Groups Argue for Shipping to Be Included in Paris Climate Deal

The groups argue that there is now "reasonable excuse" from exempting shipping from an emissions target.

IBIA "Back at the Heart of the Shipping Industry"

The International Bunker Industry Association has officially opened the doors to its new office in London.

New Storage Operation for Aegean Bunkering Germany

Rhenus Midgard is operating a new tank wagon in Nordenham, currently being used for temporarily stored Aegean Bunkering Germany heating oil.

Gulf Petrochem's Expanded Fujairah Storage Terminal to Open by March 2017

Although part of the capacity is expected to be ready by December 2016.

Deltamarin Unveils Compact LNG Ferry Design

The ferry is said to be designed for short coastal routes to link small neighbouring towns with an emphasis on minimal environmental footprint.

Rolls-Royce to Supply Fuel-Saving Propellors for Hybrid-Ready, Bio-Diesel Powered Ferry

Rolls-Royce says it has been awarded a contract to deliver two Azipull propellors to an "environmentally friendly" ferry set to operate in North Norway.

Spill After Hose Failure During Bunkering

It is unknown how much fuel was spilled.

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