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Oil Price Control No Longer in OPEC's Hands

The latest developments lead one market commentator to ask whether OPEC really is still a cartel.

Buss Shipping to Install Alfa Laval Scrubbers on Two Container Vessels

Alfa Laval says the scrubber installations will "secure valuable fuel economy in a competitive charter market."

Seanergy Maritime: Dry Bulk Crisis Offers Opportunities For "Quality" Acquisitions

Chief Executive Officer Stamatis Tsantanis says the market is going through "one of the worst crises of the last 25 years."

Brent Futures Continue to Fall

Brent contracts for February delivery settled down $0.53 per barrel since last close after teetering just a few cents above 2004 lows.

OPEC Downgrades Oil Price Assumptions Out to 2040

OPEC says its basket price is assumed to rise from more than $70/b in 2020 to $95/b by 2040.

2016 Could See Bunkers Under $100 in Key Ports as Goldman Sachs Sticks to its $20/bbl Oil Prediction

The banker's estimate of $20 per barrel for oil is said to be the break even cash cost for U.S. shale producers.

Carnival Expecting 2016's Average Bunker Price to be Under $250/mt

The cruise giant saw a 40% lift in FY2015 earnings, and reported significantly lower than expected fuel costs.

Moore Stephens: Shipping Confidence Continues to Decline, but Outlook is "Exciting"

Overtonnage and excess shipbuilding are cited as points of concern.

Dry Bulk: BDI Stages Slight Recovery From All-Time Lows

The Baltic Dry Index rose 1.27 percent Friday after sliding for most of the week, but still sits near its lowest level of all time.

SSI Calls on IMO to Take Early Action on Reducing Shipping CO2 Emissions

SSI says April's Marine Environmental Committee Meeting will be a "crucial landmark" for the IMO to demonstrate its leadership commitment.

Studies Predict Rising Adriatic LNG Use From 2030 Onward

Studies resulting from an EU program promoting LNG as a marine fuel show that demand at Adriatic ports is set for a substantial rise.

IBIA: Market Expecting Low Bunker Prices for at Least Another 18 Months

Peter Hall, CEO of the IBIA, says low bunker prices have discouraged efforts into longer term ECA compliance options.

Total Lubmarine Announces Completion of First Batch of Products from New Singapore Facility

Total Lubmarine says its new blending plant in Singapore will allow them to better cater to their growing Asian customer base.

OPEC November Output Rises, but Further Increases Not a Certainty, says Analyst

OPEC's November output of 31.17 million barrels per day was lead by Iraq and represents a 90,000 bpd increase over October, say Platts.

Two Major Tanker Firms Achieve Loan Refinancing

New $500 million loan facilities signed up by Frontline Ltd. and Nordic American are seen helping boost profitability through lower costs.

Crude Futures Remain Soft

Brent contracts for February delivery cooled 1.7% since yesterdays close settling at $37.06 per barrel.

MSI predicts 2016 Dry Bulk Rebound, Weaker Tanker Markets

The second half of the New Year will particularly favour Capesize and Supramax vessels.

Maersk Warns COP21 Deal Could Lead To Fragmented Regional Rules

In the wake of a landmark climate agreement in Paris, major players in the shipping sector have called for cohesive global targets on emissions.

CMES' Newbuilds Said to Be 20% More Fuel Efficient than VLCCs Built in 2009-2011

CMES has placed an order for four newbuild 308,000 DWT fuel efficient VLCCs, each with a $88million price tag.

Methanol Has An "Historic Opportunity" As Marine Fuel: FCBI

In a new report, FCBI Energy says the industry should expect methanol to move from ships' cargo holds to their fuel bunkers.

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