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Big Shake Up for Container Alliances as CMA CGM Announces New Deal with COSCO, Evergreen, and OOCL

The new agreement, known as "Ocean Alliance," would control 23.5% of the world's container capacity.

Law Firm Warns on "Unexpected" VAT Costs for Intermediaries in Bunker Transactions

Nctm Studio Legale examined a recent European Union Court ruling over VAT exemptions.

Oil on the Rise as Speculators Focus on Kuwait

Oil markets will be looking at the API and EIA reports, late Tuesday and early Wednesday respectively, to decide for a direction.

IBIA Develops New Bunker Course to Address Lack of Bunkering Info in STCW Training

Peter Hall, CEO, IBIA calls the development "a real step forward."

Project Gets $5 Billion Funding LOI to Produce 0.5% Max Sulfur HFO Bunkers

The bunkers would be compliant with the upcoming global sulfur cap, and mark the first time 0.5% HFO would be readily available to bunker buyers.

Shell to Supply LNG Bunkers to Carnival

Shell says it has signed an agreement with Carnival to supply LNG bunkers to the cruise line's AIDAprima vessel.

Singapore Voices Support for IMO as Secretary-General Sets Sights on Environment for MEPC 69

In opening comments at MEPC 69, IMO Secretary-General Kitack Lim stressed the importance of IMO leadership on shipping emissions reductions.

More Oil Price Volatility Expected as Saudis Put the Boots to the U.S.: Kilduff

Saudis are also expected to punish Iran in its relentless bid to claim oil production supremacy.

No Doha Deal Means No Sabotage of Current Oil Price Recovery: Goldman Sachs

Goldman Sachs analyst said a successful deal would have caused a "self-defeating rally."

Crude Takes a Roller Coaster Ride Monday

Bunker buyers can expect the remainder of this week to be volatile in both directions.

Sharp Fall for Crude in Early Trading on Failed Doha Talks, Could be $30 "Within Days"

Bunkers could be heading back under $140 in some of the primary ports.

BIMCO Says Bunker Data Collection Should Be Priority Item at MEPC 69

BIMCO announced its priority items Friday, in advance of IMO's MEPC 69 on April 18 to 22.

Call for Arctic HFO Ban at MEPC 69

A ban of heavy fuel oil in Antarctic waters takes full effect this year, but no ban is currently planned for Arctic waters.

IMO Kicks Off Global Project to Tackle Increasing Shipping Emissions

IMO has issued a call for hosts located in the project's target regions who may be interested in establishing Maritime Technology Cooperation Centres.

Doha: Drama, Delays, but Day Ends With No Deal at Oil Freeze Meeting

"We need more time to consult among ourselves in OPEC and non-OPEC producers," says Qatar Oil Minister Mohammed Saleh Abdulla Al Sada.

Baltic Dry Index Surges Through 600, Rounds Out Week With 2016's Largest One-Day Gain to Reach 635

However, industry analysts suggests that the recent rate of gains made by the index could slow within the second half of 2016.

Maersk Ups Interest in LNG Bunkers

Maersk Maritime Technology says it has joined SGMF to support LNG bunkers as it "may become a user" of the alternative fuel in the future.

Parker Kittiwake Adds its Voice to ISO 8217:2016 Concerns

The company says proposed changes will "significantly" increase operators' risks of catastrophic engine failure.

GAC Russia Partners with Far East Development Fund for NSR Development

"Our aim is to bring about fast and positive change by July 1, 2016," says GAC.

France Backs Bunker Desulfurisation Project

The Future Programme's Worldwide Innovation Challenge has awarded a €200,000 subsidy for a MDO desulfurisation project.

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