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Crude Prices Continue to Rise as Several Nations Back an Extension to Oil Output Cuts

Bunker prices have also bounced, after starting the week with Ship & Bunker's Global 20 Ports Average price for IFO380 at a 2017 low.

Weekly Vessel Scrapping Report: 2017 Week 12

Weekly Vessel Scrapping Report: 2017 Week 12

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from March 23 - March 29, 2017.

New Asia, Middle East Refineries Will Help Meet 2020 Marine Fuel Demand, Says BP Downstream CEO

Tufan Erginbilgic, CEO for Downstream at BP, says the company's refineries are "well positioned."

Bomin Linde LNG Becomes Nauticor Under New Branding

The change will become formally effective April 1, 2017.

Carnival Lowers Its 2017 Bunker Price Forecast

Carnival had previously forecasted bunker prices of $374 pmt, but this expectation has been lowered to $362 pmt in the group's Q1 2017 report.

Salvage Industry Not Ready for LNG-Fuelled Ship Casualty, Says Expert

Sylvia Tervoort, Salvage Master at SMIT Salvage, says a LNG-fuelled ship could only be salvaged if it is dry and intact.

Less Than Anticipated Inventory Build Causes Market Surge - and New Fears of Looming Supply Crunch

But Woodside still thinks the market will be range-bound for at least 18 months.

New Tech to Expedite Oil Spill Clean Up Tested in U.S.

The tests are said to have demonstrated the technology's potential to "become an effective tool for minimising the environmental impact of future oil spills."

Baltic Dry Index Gains Almost 30% in 3 Weeks to Hit Highest Levels in Over Two Years

The Baltic Dry Index gained 51 points Tuesday to reach 1333, the highest the index has been since November 2014.

SEA\LNG Adds Another Three Members

JAX LNG, Petronet LNG, and Toyota Tsusho have become the newest members of the cross-industry coalition aimed at promoting LNG as marine fuel.

Market Boost Due to Libya Disruption is Merely a Blip, Say Experts

Wood Mackenzie warns of increasing signs of a growing U.S. supply glut

NASSCO Launches of Final of Five APT LNG-Ready ECO Tankers

With an 'ECO' design, the tanker series is said to offer 33 percent increase in fuel efficiency.

MOL Takes Delivery of LNG-Ready Behemoth Box Ship

The MOL Triumph is said to be the world's largest container ship.

IBIA and UK Chamber of Shipping Forum to Focus on Preparations for 2020

The event will be held from 8:30 am onwards on April 19 at the UK Chamber of Shipping in London.

Maersk Line and AkzoNobel Partner for Carbon Emission Reductions

AkzoNobel and Maersk Line have signed a strategic sustainability partnership to reduce carbon emissions per container shipped by 10 percent.

Kobe Steel to Market New Heat-Recovering Binary Cycle Power Generation System

Kobe Steel's new system is said to be the "first in the world to generate electricity from the exhaust heat emitted by the ship's turbocharger."

Shell Unveils LNG Bunkering Vessel Design [VIDEO]

The specialised 6,500 cbm LNG bunker vessel has the capacity to supply 1,000 cbm of LNG per hour.

Genoil Boosts Management Team with New Special Adviser

Douglas A. Phillips will provide strategic input on major transactions and provide advice Genoil's top management.

ABS Talks 2020 Sulfur Cap Impact Scenarios at Annual Meetings

ABS held its annual National and Regional Committee meetings in London, Copenhagen, and Hamburg in mid-March.

Alfa Laval AFEM Provides 30% Bunker Savings in Two-Year Trial

Alfa Laval's Automatic Fuel Efficiency Module is a new modification for reducing the fuel consumption of Alfa Laval Smit Combustion inert gas systems.

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