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OPEC Agrees to Cut Oil Production, but Some Members Will Still Produce "at Maximum Levels that Make Sense"

"This was unexpected for sure ... no one that I know of saw it coming," says energy broker and commodities specialist for ICAP.

Eniram Launches New Fleet Performance Monitoring Service

SkyLight is said to offer a "vastly improved" and more accurate solution compared to manual performance reporting with AIS.

Cockett Group Announces Series of New Hires for Commercial Team

The hires, said to be part of an effort to optimise the company's commerical teams, include the introduction of a new supply manager in Singapore.

Maersk Line Signs CO2 Reduction Agreement with Agility

The agreement is said to be part of Maersk's Carbon Pact Challenge.

Crude Prices Fall Back on OPEC Freeze Comments

Bunkers prices were softening in the primary ports.

Brightoil Sees 26% Growth in Annual Bunker Volumes

"Despite the adverse market environment, international trading and bunkering business of the Group maintained steady growth," said Brightoil.

ESL Orders "Extremely" Energy Efficient LNG-Powered Bulk Carriers

ESL says the two ice-class 1A ships will be the first LNG-powered large bulk carriers in the world.

Jefferies: Maersk Line Buying Both Hanjn and HMM a "Likely Scenario"

Jefferies' analyst David Kerstens says Maersk Line will "definitely" participate in the consolidation of the container markets, but options are "fairly limited."

Goldman Says Oil Glut Will Persist Regardless of Freeze Talks Outcome

Meanwhile the bear market continues to grow.

New Knutsen LNG Tanker Capable of Delivering $1 Million Annual Bunker Savings: HHI

La Mancha Knutsen is a 176,000 cbm MEGI-powered LNG carrier.

Oil Prices Gain 3%

Bunker prices were firming in the primary ports.

Shipping Confidence Sees Another Increase, Hits 9 Month High: Moore Stephens

Confidence is noted to have risen during the three months to the end of August 2016 among charterers and managers in particular.

Shell LNG to Study LNG Bunker Supply with Project Forward Team

The study will investigate bunker requirements and supply options for globally trading LNG-powered bulk carriers, tankers, and container vessels.

DNV GL Grants Approval in Principle to Vard LNG Bunker Vessel Design

The 6,500 m3 LNG bunker vessel design is said to comply with DNV GL Gas Bunker rules, applicable Gas Carrier rules, and IGC Code's 2016 edition.

Interview with Eniram: First Major Product Since Wärtsilä Acquisition Ready for Launch

Eniram SkyLight is a radically new approach to performance management, Managing Director Henrik Dahl tells Ship & Bunker.

Saudi's Willing to Cut Production in "Much More Critical" Oil Market, says Algeria

"We are seeking to take a common decision, which everyone will support, whether it will be to freeze the level of output or reduce it," says Algeria.

K-Line Says Suggestion of Possible Bankruptcy is "False"

"The message contained in the e-mails is unfounded without basis of any financial analysis and what is stated therein is false," confirmed K Line.

New Environmentally Acceptable Lubricants Launched by Klüber

Klüber says its focus for this year is on its biodegradable Klüberbio EG 2 gear oils

IBIA Welcomes Danish Authorities' Efforts Against Bunker Fraud

The comments come following news yesterday that a Danish bunker company has been found guilty of a DKK24 million fraud against one of its customers.

Sirius Shipping Places Order for Two Bunker-Saving, LNG-Ready Tankers

The 7,999 DWT design is said to feature proven hull lines to reduce fuel consumption, making it "one of the most efficient vessel in its segment."

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