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Cavotec: Shore Power Systems Market Well Positioned for Growth

Cavotec's Alternative Maritime Power and MoorMaster systems are cited as keys to future growth.

Gulf Delegate: No OPEC Output Cuts Unless Non-OPEC Producers Do the Same

Delegate blames higher than normal commercial stocks for keeping oil prices from "taking off."

Biofuels Could Make Up 5-10 Percent of Global Marine Fuel Mix By 2030

GoodFuels Marine CEO Dirk Kronemeijer said that the company would also conduct a study to turn those estimates into "academically sound figures."

IMTECH Marine Rebranded RH Marine Following Acquisition

The maritime systems integrator is said to have launched its new identity at Rotterdam's Europort conference.

Stena Line Sees Bunker Savings, Environmental Benefits from LEMAG Homogeniser Technology

LEMAG says their water in fuel homogeniser has provided Stena with "noticeable reduction in fuel consumption" on 16 of their vessels.

Weekly Vessel Scrapping Report: 2015 Week 44

Weekly Vessel Scrapping Report: 2015 Week 44

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from October 29 - November 4, 2015.

DuPont: Biofuel Not Financially Viable Until $70-$80 Oil

The chemical group asserts that, while biofuels may be desirable from an environmental perspective, it is not currently economically feasible.

Private OPEC Report Suggests Low Bunker Prices for Several Years, Pressure on Crude Prices Until 2019

OPEC says its crude output would fall if non-OPEC supply fails to fade as expected.

Hapag-Lloyd Completes Public Offering With Lowered Price

The company raised its projected $300 million, selling 15 million shares for €20 ($22) each.

Crude Futures Reverse Yesterday's Gains

WTI contracts for December delivery settled down 3% while Brent December contracts softened nearly 4% by days end.

Scorpio Bulkers: One Cannot Run Indefinitely in a Market that is this Bad

The dry bulk player widened its 9 month net loss to $208.8 million for the period ending September 30th, compared to a net loss of $44.6 million last year.

Maersk Line to Cut 4,000 Jobs, Reduce Network Capacity, Pass on 19,000 TEU Mega-Ship Options

"These decisions are not taken lightly, but they are necessary steps to transform our industry," says CEO Søren Skou.

Algeria, Iran Want OPEC to Reinstate Quota System as Current Strategy Begins to Take its Toll

The countries say policy changes are necessary to make production management "equitable".

Red Sea Player Hails its First STS Supply Off Djibouti

The company's vessel Cosmic was said to have supplied an unspecified amount of 380 cSt bunkers to the Vitol chartered MT Nisida.

Florida Ports Anticipate More Asia Trade From Expanded Panama Canal

The Port of Miami says that its share of throughput from Asia is expected to rise to 50 percent from 35 percent.

Scorpio in Talks to Finance Its 60th Newbuild Bulker

The company has announced that it is in talks with a European financial institution and final commitments will be secured by 2015's Q4.

Diana Shipping Acquires Capesize Dry Bulker

The move comes amid a challenging market suffering from a glut of vessels.

Nustar Energy Sees Improved Results On Increased Storage Demand

Storage lease revenues rose 17 percent in the third quarter of 2015.

Brent Crosses $50/bbl Threshold After a Significant Day of Gains for Crude Futures

Both Brent and WTI contracts for December delivery settled up 4%.

Moody's Upgrades Global Shipping Outlook to "Stable" on Continued Low Bunker Prices

The analyst notes that low bunker prices will also be a driver of "low single-digit percentage aggregate year-over-year EBITDA growth" for the industry.

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