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OPEC Will be the Winners of 2015's Oil Price War

Some say OEPC could be set to win the current price war if supplies by producers outside OPEC contract by the expected 200,000 bpd in 2016.

Crude Edges Up After Falling Back From Heavy Early Gains

Brent contracts for October delivery settled up $0.18 cents per barrel while WTI October contracts firmed $0.50 cents by the end of trading day.

Weekly Vessel Scrapping Report: 2015 Week 35

Weekly Vessel Scrapping Report: 2015 Week 35

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from August 27 - September 02, 2015.

"Good Times Ahead" for Product Tankers as Low Bunker Prices Allow For Massive Route Detours

Tankers moving diesel and jet fuel are taking advantage of low bunker prices to undertake better paying diversions around South Africa.

BIMCO: Shippers No Longer Under Pressure to Save Money on Bunkers

But the bunker savings from low prices "will not necessarily benefit the company," BIMCO says.

Crude Futures Firm After Tanking in Early Trading

Brent contracts for October delivery witnessed intraday lows of $47.00 per barrel but settled well over $50.00.

MARAD Releases New Exhaust Gas Scrubber Guide for Maritime Applications

The updated guide provides ship owners and operators with the latest scrubber information to comply with industry sulfur content regulations on marine fuels.

Singapore Signs Joint Declaration to Become Dispute Settlement Ground for Law of the Sea

ITLOS has announced that it has signed a joint declaration with Singapore for the state to become a venue in Asia for ITLOS proceedings.

Star Bulk Further in the Red Despite Cost Saving Efforts

But the company is upbeat on its strategy and the market going forwards.

CMA CGM Posts 67% Profit Growth as Bunker Costs Fall 36%

CMA CGM posted a $156 million net profit during 2015's Q2.

Frontline Looks to Further Expansion After Reporting Significant Income Improvement

The company also anticipates a five year improvement in tanker market performance.

Brent Crashes Back Under $50

Both the ICE and NYMEX front month contracts fell over 8%.

Frontline CEO Warns of Tanker Orderbook

There are concerns that rising capacity will outpace the pace of global oil supply.

Maran Nakilat Orders 2 New Tri-Fuel LNG Carriers

The newbuild vessels, currently under construction in South Korea, are set for delivery in 2015's third and fourth quarters.

Bunker Tanker Almost Capsizes After Collision With Containership

The 24-metre fuelling vessel Erin Wood reportedly collided with the 4,155 DWT Daroja on Saturday.

Chinese Supplier to be Delisted from NASDAQ

The move follows several warnings for noncompliance earlier in the year.

OPEC Signals It's Ready to Talk Production Cuts After Oil Makes Biggest 3 Day Gain Since 1990

But OPEC reiterates that whatever the outcome of talks it "will protect its own interests."

More Huge Gains for Crude

All losses for the month of August were reversed in only 3 days of trading.

LR: New Largest of their Kind LNG Carriers Will Help "Revolutionise the Global Trade in LNG"

The new Elcano LNG carriers will be able to navigate the expanded Panama Canal, says Lloyd's Register.

Update: Bunkers International Files for Chapter 11 Bankruptcy With Debts of $40 Million

"The companies were forced to take this action after their primary lender ceased lending and swept all available cash," Bunkers International said.

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