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Record Volumes Reported by World Fuel Services, but Share Price Tanks as Earnings Miss Estimates

"Low prices coupled with reduced volatility in marine, significantly impacted profitability," said CEO Michael J. Kasbar.

Singapore's NOL Posts $3 million Profit for Q2 2015 Outside of APL Logistics Sale

NOL reports its first positive result for the first time in six quarters.

Dry Bulk May Be Seeing First Signs of Recovery

The Baltic Dry Index climbed above 1100 points this month.

Crude Futures Soften on Firming U.S Dollar

Brent fell $0.15 cents settling at $53.31 per barrel while WTI contracts for September fell $0.27 cents settling at $48.52 per barrel.

Iran Likely to Face Hurdles Selling Condensate to China

A major Chinese importer is experiencing an outage, while weak refining margins have depressed demand.

Iran Officials Seek to Dispel Rumours of Crude Floating Storage

But industry speculation remains wary, with some traders suggesting that Iran is avoiding disclosing its crude in storage to avoid a price plunge.

Weekly Vessel Scrapping Report: 2015 Week 30

Weekly Vessel Scrapping Report: 2015 Week 30

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from July 23 - 29, 2015.

Scorpio Tankers Closes Q2 with $96.8 Million Net Income

Company says a flourishing tanker market is responsible for its success in the first half of 2015.

Crude Prices Edge Upwards

The overall consensus in the market was that there would be a significant draw in U.S inventories but not at the level we witnessed today.

Singapore's Senat Shipping Says U.S. Sanctions For Alleged North Korean Connections Unfair

The shipper was sanctioned for having ties to a North Korean company.

Heavy Volatility, Mixed Movements for Crude Futures

Brent contracts for September delivery were down to $52.00 early in the day and spiked as high as $54.00.

NuStar Reports Fuel Sale Revenue Continued its Decline in Q2 for 2015

NuStar released its second quarter results for 2015, showing a continued decline in revenue from fuel sales but an almost $3 million increase in earnings.

Oil Slump Has Caused $200 Billion in Spending Delays: Wood Mackenzie

Over 45 projects worldwide are affected by oil and natural gas producers' reluctance to invest.

$210 Bunkers on the Horizon? Oil Prices are "Headed to $40 Before we go to $60 Again" says Analyst

Crude has also broken its 200-day moving average and one analyst predicts a return to the lows of 2015 is underway.

Crude Futures Continue on a Downward Trend

Data that surfaced Friday indicated that U.S producers ramped up drilling activity last week adding 21 rigs to production.

Ardmore Takes Delivery of Eco-Vessel

The Ardmore Chinook is the thid of four ships being delivered this year from Fukuoka Shipbuilding.

Scorpio Tankers Sells Remaining Stake in Dorian in Second Share Sale Within a Week

Company has announced that it has agreed to the sale of its last remaining 3,392,083 common shares of Dorian LPG.

OPEC to Maintain Output Ceiling

Alongside July's dropping prices, OPEC says it intends to continue its high output in order to defend its market share.

New Money Means Tanker Market has Too Many Ships and Shipowners

"Now we're in a situation where it cannot continue any longer," says Concordia Maritime CEO Kim Ullman.

Gener8 Maritime: Bunker Savings Potential Buoys Wall Street

Based on bunker prices of $350/mt, savings of $48.2 million per year across its 21 eco-VLCCs are possible, says Jefferies.

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