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NGOs Say New EP Report Shows Need for Action on "Elephant in the Room" Issue of Global Shipping Emissions Cap

Seas At Risk, T&E, and the Marine Conservation Society push for CO2 reductions to be agreed upon for the shipping industry in COP21 negotiations.

ExxonMobil Receives Approvals for Environmentally Acceptable Lubricant Line

Seal manufacturers Kemel, BVI, and Hwaseung R&A are said to have approved the company's Mobil SHC Aware Gear Series.

CMA CGM Enters into Exclusive Discussions With NOL Over Acquisition

The French shipping company says the exclusivity period is expected to last through until December 7th, 2015.

Crude Futures Flat After Early Surge

Brent front month contracts ended the day up $0.17 cents per barrel while WTI contracts settled down $0.15 cents per barrel.

Island Oil Launches Israel Physical Supply Operation

Operations are expected to commence from Haifa port on December 10, 2015.

Bunker Price Decline Helps CMA CGM to "Strong" Financial Position Despite Q3 Earnings Fall and "Challenging Market"

The company asserts that the container market "should rebalance during 2016" after posting a 9% revenue decline in Q3.

Aegean Posts Record Volumes, as Revenues Slide 40% on Low Oil Prices

Despite a reduction in revenues due to lower sales prices, Aegean Marine Petroleum Network posted an increase in net income for the third quarter.

Box Rates Plummet on Key Asia-Europe Route

Rates on the Asia to Northern route plummet to $295 per twenty-foot equivalent unit container.

Ardmore Adds Two More ECO Tankers to its "Fuel-Efficient" Fleet

The company says it took delivery of two new product and chemical tankers, the 25,233 DWT Ardmore Chippewa and 49,999 DWT Ardmore Seahawk.

Disastrous Dry Bulk Market is "Overwhelmed" Says Georgiopoulos, as Baltic Dry Index Slumps to All Time Low

"This market is looking like a disaster," says analyst Eirik Haavaldsen.

World Fuel Services Looking to Hire 70 in Costa Rica

The hiring process is said to be part of a company plan for expansion in Costa Rica set for next year.

ExxonMobil: Specialist ECA Fuels Have Been Well Received by the Industry

Company says "major vessel operators" advocate the use of ExxonMobil Premium AFME 200 and ExxonMobil Premium HDME 50.

Crude Futures Flat Despite Supply Glut

Expiring WTI contracts for December delivery settled down $0.21 cents after falling below the $40.00 threshold for the second day in a row.

Starbulk Widens Losses, Delays Newbuildings

The company has also been downgraded by Deutsche Bank.

Weekly Vessel Scrapping Report: 2015 Week 46

Weekly Vessel Scrapping Report: 2015 Week 46

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from November 12 – November 18, 2015.

OPEC Unable to Agree on Output Limit

The organization's long-term strategy will be postponed until 2016 at earliest.

Bunkers Steady as Crude Future Make Small Gains

WTI contracts for December delivery firmed $0.08 cents by the end of the trading day after falling under the $40.00 threshold earlier on.

Drewry: Ship Operating Costs to Rise with Limited Ways to Offset Them

Drewry says that a new report shows that the rise in cargo ship operating costs are expected to be seen over the next two years.

Cavotec Hails First of its Kind Order for "AMPtainer" Shore Power Solution

Cavotec says a "leading ship owner" has ordered six AMPtainers, including two mobile units and four to be installed on two 13,000 TEU container vessels.

ClassNK Grants AIP to 98,000 DWT LNG-Powered Bulk Carrier

The classification society says it has given approval in principle to a MIJAC LNG-fueled bulk carrier design.

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