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EU-Funded SamueLNG Project Marks Kick Off, Pushes for Sustainable Shipping Through LNG Bunkers

The project encourages the use of LNG as an "environmentally-friendly and cost-effective" alternative to conventional bunkers for small vessels.

KLAW LNG and Houlder Partner on LNG Bunker Transfer Solutions

Houlder also recently hosted a SGMF working group to discuss LGN bunkering standardisation and safety requirements.

Pro-Trump Saudi Arabia Considering Increasing Investment in U.S. Oil Investments

Energy minister Khalid al-Falih expressed admiration for Trump's pro-fossil-fuel stance and his bid to make America energy independent.

Oil May Be Stuck at $51-$55 Pending Further OPEC Cutback Evidence and Outcome of U.S./Iran Hostilities

Analysts also reiterate that rising U.S. production could drive prices lower.

Rotterdam to Visit Singapore as Port Mulls Mass Flow Meter Use for Bunkering

"Our plans regarding MFM's are still very preliminary," a spokesperson tells Ship & Bunker.

AkzoNobel Partners to Use Drone Technology for Marine Inspection

AkzoNobel says a drone could also be used to to remotely inspect vessels' enclosed spaces, ballast water tanks.

Baltic Dry Index Slides Below 800 as Analysts Point to Seasonal Slow Down

The Baltic Dry Index shed 14 points Monday to fall to 786, reversing gains made since September.

Bearish Inventory Report Has Little Effect on Crude Prices

The EIA reported double the amount of expected crude builds.

MSC Cruises and ARTA Cooperate on Cruise Ship LNG Bunkering

The partnership, intended to develop a LNG bunkering system for MSC Cruises ships, will also "set a new standard in LNG bunkering for cruise ships."

WE Tech Energy Storage Solution Selected for Tanker Newbuilds

We Tech's Energy Storage Solution will provide the vessels with an energy reserve to be used for electrical load peak shaving and for black-out prevention.

Bernhard Schulte and Babcock International Form JV to Support LNG Bunkering

The 50-50 JV is known as Babcock Schulte Energy, and is intended to support to the companies' future projects, including a LNG bunker vessel project.

Baleària Orders Two More LNG-Powered Dual-Fuel Newbuilds

Baleària has signed a €200 million agreement with Cantiere Navale Visentini for the construction of the two dual gas engine sister ferries.

CMA CGM and Total Sign Bunker Supply MoU

Under the three-year agreement, Total will supply CMA CGM with "a range of multifuel solutions" and work to address tightening environmental regs.

Oil to Remain Under $60 for the Next 2-3 Years Amid Increased Production: Gheit

West Africa is the latest region to report increased production as a result of the OPEC cutbacks.

New Survey Indicates OPEC Cutback Deal Has 82% Compliance, but Crude Prices Still Fall in January

Rising inventories are widely viewed as the main impediment to OPEC's objective of higher prices.

Environmental NGO Welcomes MEP's Support for Arctic HFO Ban

T&E says the environment committee's decision highlights the impact HFO has on both human health and climate.

Troubled Shipowner Toisa Succumbs to Bankruptcy in the U.S.

Court documents show that the company has over $1 billion in debt.

Singapore Bunker Player Sentek Buys Second VLCC

Shipbrokers say Sentek purchased the 301,300 DWT OS Concord at $16.5 million.

Despite Bump in Business, OOCL Sees 9.9% Revenue Drop in 2016

OOCL's average revenue per TEU for the full year period decreased by 17.4 percent year on year.

AIDA Calls for Ports and Producers' Support of LNG Bunkers

"We believe in LNG as the fuel with the lowest emissions that is currently available," said Monika Griefahn, chief sustainable officer at AIDA.

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