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Update: Jan de Nul Laud "Fuel Oil and Exhaust Gas Treatment" Combination Over LNG Bunkers

The comments came as part of an announcement that the company has ordered three Trailing Suction Hopper Dredgers.

The Clean Arctic Alliance Welcomes European Parliament's Support for Arctic HFO Ban

The Clean Arctic Alliance is urging IMO to address risks related to use of HFO in Arctic shipping, including measures leading to a ban.

MeteoGroup Underlines FleetGuard's Applicability for IMO and EU MRV Regs

MeteoGroup notes weather routing and speed reduction are two of the 10 most effective existing measures to reduce fuel consumption.

Containerships Points to Q4 Bunker Price Hike for Pressure on 2016 Operating Expenses

Still, the company is optimistic for 2017, expecting profitability to improve and net sales to grow by 5-10 percent.

More Good News/Bad News Oil Forecasts But the Upside is Still Only $60 Per Barrel

The negative camp insists there's way too much market optimism.

Iraq Vows to Boost Crude Production as Challenge of Clearing Global Inventory Glut Persists

Iraq plans to pump 5 million barrels per day by the end of this year.

Becker Marine Marks Success of Its Bunker-Saving Tech in North America

Becker notes that its newly developed COBRA maritime battery system will be marketed and sold through the company's Houston office.

EU Naval Force Confirms Bunker Tanker and Crew Being Held Captive off Somalia

"The master confirmed that armed men were on board his ship and they were demanding a ransom," said the EU Naval Force on Tuesday.

Maersk Line Moves Closer to Hamburg Süd Acquisition with Dr. Oetker Sale Agreement

The sale is expected to be finalised by the end of this year, subject to approval by relevant regulatory bodies.

Gulf Petrochem Names Former Bharat Petroleum Exec as Group's Strategic Advisor

Rakesh Mehra was previously the Executive Director of Bharat Petroleum Corporation.

OPEC Admits Global Oil Stocks Are Still Rising But Insists the Outcome of its Cutbacks Will Be Favourable

Meanwhile, one analyst believes fundamentals dictate that oil will remain in the $40s.

Crude Plunges Yet Again as Saudis Report Uptick in February Output

Observers suggest this could herald the kingdom abandoning the OPEC cutbacks entirely.

Sinotrans' Bunker Spend Fell by Over One-Third Year on Year in 2016

Sinotrans spent $108.76 million on bunkers in 2016, down from $164.48 million in 2015.

Gibsons: No Surprise That Shipowners Are Using "Wait and See Approach" Before Choosing a 2020 Compliance Solution

Refiners, meanwhile, have the headache of deciding on whether to investment in upgrading operations, Gibsons notes.

WE Tech to Provide Bunker-Saving Permanent Magnet Shaft Generators to Two Newbuild Tankers

WE Tech says it will begin equipment delivery for two new 18,600 DWT chemical tankers in October 2017.

Joint Project to See First Installation of Wind-Powered Energy Tech on a Product Tanker Vessel

Norsepower's rotor sails will be installed and trialled onboard a Maersk Tankers vessel, with average fuel consumption expected to be reduced by 7-10 percent.

Bunkering Tanker Hijacked Off Somalia: Officials

"The ship reported it was being followed by two skiffs yesterday afternoon. Then it disappeared," said John Steed of Oceans Beyond Piracy.

A Top 10 Singapore Supplier Has Bunker Tankers Suspended Over Mass Flow Meter Irregularities

Five of the 11 tankers operated by Panoil Petroleum have been suspended due to "irregularities with the piping fixtures."

Russia Warns of New Price War Due to U.S. Shale Gains as Kuwait Calls for Extension of OPEC Production Cuts

Increasingly, a one year cutback strategy is viewed as a solution to market woes.

OPEC Extension Could End Market Losses And Propel Oil to $60 Per Barrel: Analyst

Others warn of a return to oil in the $20s.

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