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Scorpio Tankers in Further Fleet Expansion

The currently under construction vessels come at a cost of approximately $60.0 million each.

MPA Responds to Alpine Eternity Tanker Shooting Incident, says Singapore is "Deeply Concerned"

The authority has requested Iranian maritime authorities to investigate the incident and prevent future recurrences.

Soft Start to the Week for Crude Prices

Saudi Arabia said that exports have hit the highest level in 10 years.

Marine Insurers Increasingly Concerned Over Covering Mega-Containerships

The International Union of Marine Insurance said that there were worries about the huge cargo values being carried aboard the mega-ships.

Environmental Group Says New Polar Code is Not Enough to Protect Antarctic Environment from Shipping

The Antarctic and Southern Ocean Coalition said that ships should be banned completely from dumping sewage overboard in Antarctic waters.

Greater Bunker Efficiency, Lower Prices Help Hapag-Lloyd to a "Solid" First Quarter Following CSAV Merger

The German shipper said "the sharp increase in profit was achieved in a challenging market environment."

Bunker Costs Help Cushion Q1 Loss for Singapore-Based NOL

But President and CEO Ng Yat Chung warns "the liner industry continues to face persistent over-capacity and uncertain global economic prospects."

Low Bunker Prices Improve Viking Line Results Once Again

Consolidated sales rose to $119.5 million from $117.7 million in the first quarter.

Tanker Investments Posts Strongest Quarterly Profit Since Inception

The Teekay spinoff company said that it was coming out of its phase of acquisitions.

Experts: IFO380 Will Be Replaced by 500 cSt as the World's Dominant Bunker Fuel

If operators are burning IFO380, then "the likelihood is sky high" they can burn 500 cSt, says Dennis Eley, Marine Fuel Quality Manager, World Fuel Services.

Crude Prices Continue to Slip

However early in the day we saw crude futures rallying after news came out that Iranian Guards fired over a Singapore flagged tanker.

Alfa Laval: Lower Fuel Prices Have Not Changed Interest in Waste Fuel Recovery System

"Removing fuel from waste oil has advantages we never envisioned from the start," the company says.

Alix Partners : It is "Very Difficult" to Make Money in Box Market

"We see a problem where the industry itself does not make enough money to reinvest in the tonnage it needs going forward, say consultants.

Report: Bunker Fuels Market to Grow 4% Every Year Through 2019

TechNavio forecasted that the market would grow at roughly the same rate every year between 2014 and 2019.

TORM Sees First Quarterly Profit in Five Years

Profit was $8.6 million, up from last year's quarterly loss of $222.6 million.

IMO Shelves Proposal for Global CO2 Target for Shipping

The proposal was first announced by the Marshall Islands in April 2015.

Maersk Profits Jump in First Quarter After Sale of Danske Bank Shares

Profit increased to $1.6 billion in the first quarter of 2015, up from $1.2 billion in 2014.

Crude Prices Soften After Early Rally

It is without doubt that there is still an oversupply but it seems speculators are driving the market using the upcoming driving season as the reason.

Bulk Under Pressure Until 2017: J. Lauritzen

The prediction comes after J. Lauritzen posts a $29 million deficit for Q1 2015.

Castleton Commodities in $1 Billion Deal to Buy Morgan Stanley's Global Oil Merchanting Business

"The acquisition of Morgan Stanley's Global Oil Merchanting business is an excellent strategic fit for CCI," says CEO William C. Reed II.

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