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Lukoil: Growth Nets Company 10% of International Marine Lube Market

The declaration came at the company's fifth anniversary event in Hong Kong.

Industry Insight: Emissions Data Collection – IMO vs. EU

Industry Insight: Emissions Data Collection – IMO vs. EU

Julien Dufour, CEO, Verifavia Shipping, compares and contrasts IMO and EU's approaches to monitoring, reporting and verifying ship CO2 emissions.

OPEC Forecasts Market Rebalance In 2017 Despite Posting Massive November Output Numbers

Increased shale activity also causes concern for analysts.

Kassinger: Scrubber Economics Are a "Slam Dunk"

For a ship consuming 1,000 mt per month, "I think the savings will actually be closer to $5 million per year," Rudy Kassinger tells Ship & Bunker.

Crude Benchmarks Slide 3%

Bunker prices were softer in the primary ports.

ECSA Issues Open Letter, Applauds ICS on IMO's CO2 Roadmap

ECSA says ICS' leadership and "pro-active" submissions helped toward the IMO's decision to develop a CO2 roadmap for international shipping.

EU Reg Spurs Kongsberg Maritime's New CO2 MRV Application

Kongsberg Maritime's says the CO2 MRV application was developed for its K-Fleet suite of Marine Fleet Management Software.

Gulf Petrochem Eyes Further Growth Through New CTRM Platform

AspectCTRM says it has been selected by Gulf Petrochem to provide its cloud-based commodity trading and risk management solution.

Update: Aegean Intends to Issue $150 Million Convertible Senior Notes

Aegean says it plans to use approximately $40 million of the net proceeds from the sale to repay a portion of the company's outstanding short-term debt.

More Modest Market Gains Amidst Warning That Oil Prices Will Plummet If Cutback Deal Compliance Is Lacking

The IEA reminds the market that OPEC agreed to slash production while members pumped at record volumes.

IEA Predicts Supply Deficit But Warns That Next Few Weeks Are "Crucial" For Those Supporting OPEC Cutback Deal

The agency concedes that the deal might not be fully implemented.

First Dry Bulk, Then Box Carriers - Now Poten & Partners Warns of Looming Tanker Market Woes

Writing in its latest Tanker Opinions, the consultancy says that, for 2017, the sector faces an all too familiar story of too many ships and not enough demand.

Industry Insight: Success Demands a Greater Effort

Industry Insight: Success Demands a Greater Effort

While 2016 has been challenging for owners and operators, Larry Rumbol of Parker Kittiwake says IMO's 2020 decision has added cat fines to the agenda.

Performance Monitoring "In Vogue" Alongside New ISO 19030 Standard: Jotun

The comment came at a recent seminar hosted by DNV GL and Jotun, which focused on the new standard for hull and propeller performance measurement.

OPEC Deal Could Cut Glut in Half - but Critics Think It's "Unsustainable" and Will Benefit U.S.

The IEA predicts that shale's recovery will begin in January.

Maersk Fluid Technology Updates Blending-on-Board System for Mobile Use

The system enables the crew on board the vessel to blend an engine-specific fit-for-purpose cylinder lubricant.

Bomin Linde LNG Marks Start of Long-Term Supply Agreement with FSG

Searoad Mersey II, which is slated to become the first LNG-powered ferry in Australia, was bunkered with LNG for the first time at the end of September.

HMM Reaches Strategic Cooperation Agreement with Maersk Line and MSC

Known officially as the "2M+H Strategic Cooperation," the agreement is slated to take effect in April 2017, subject to regulatory approvals.

GloMEEP Adds New Vessel Efficiency Course

The course is intended to help maritime training institutes deliver IMO's Model Course 4.05 to seafarers.

Saudi Prepared to Reduce Oil Output Even More Than Pledged as Market Eyes $70 Oil

Saudi energy minister Khalid Al-Falih says that "with absolute certainty" it will "cut substantially to be below the level that we have committed to."

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