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Wärtsilä to Provide Gas Handling System for World's Largest Ethane Carriers

Wärtsilä will provide the systems on six ships for India's Reliance Group.

Crude Continues Down, OPEC Not Expected to Cut Output

It's a buyers market, have some fun!

WFS In Court Over $18M Bunker Scam Claim

Insurer AGCS has issued court proceedings over WFS's claim for loss of MGO cargo through a scam perpetrated by cyber criminals.

BW Group: Shipping Should Lead in Emissions Reduction

Andreas Sohmen-Pao pushed for a carbon tax that would ease in over a period of 10 years.

Mega-Alliances, Cost Control Key to Box Ship Segment Recovery as Rates Decline

Freight rates are expected to decline in 2015 by as much as 3-4% year-on-year.

U.S. FMC Gives Green Light to 2M

The 2M vessel sharing agreement is likely to see Maersk Line and MSC team up as early as January 1, 2015.

ICS: IMO Ballast Water Rules Need Amendment Now

Shippers need certainty over investment in ballast water technology, says ICS, but current rules could mean millions of wasted dollars.

Clean Marine Energy, WesPac Midstream Partner to Fund LNG Engines and Infrastructure

The partnership will supply and deliver LNG to ships who convert to LNG fuelling using Clean Marine Energy's financing solution.

Worldscale Releases 2015 Bunker Rates, Fixed Differentials for ECA Areas

Worldscale says continued use of fixed scale rates will allow flexibility in changeable market conditions.

Interferry: Trans-Ocean Focused Regulations a "Serious Concern" for Ferries, Short Sea Shipping Operators

Meanwhile, USCG's Jeff Lantz says "One of the weaknesses at IMO is that it does not have a cost benefit analysis."

Island Oil Group Expands Team with Double Hire

Greek bunker trader and supplier Island Oil Group hires new staff at Limassol headquarters and Piraeus office.

Gulf Petrochem Looks to Increase its Stake in Lubricant Manufacturer

Gulf Petrochem purchased 72.33% of Sah Petroleums in July and is seeking to take the company private through the move.

Demand is weak, Supply is Abundant, and there is No Reason for High Oil Prices

The bears are out in force making easy meals of all the bulls.

Weekly Vessel Scrapping Report: 2014 Week 41

Weekly Vessel Scrapping Report: 2014 Week 41

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from October 2nd - 8th, 2014.

ECA Rules Not Economically Reasonable, Agree Delegates at Russian Conference

Delegates at the Impact of Shipping on Air in Europe conference in St Petersburg have labelled ECA rules as an unjustified financial burden.

Panama: We Can be the World's Third Biggest Bunker Market Again

Chairman of Bunkering Committee says it is "feasible" for Panama to become third largest bunker market if it can boost competitiveness.

WMU Professor Tells Singapore Audience Slow Steaming Economics Are Complex

World Maritime University Professor Ma Shuo says freight rates are more important than bunker prices when deciding whether or not to slow steam.

Oil Prices are Officially in a Bear Market

Speculators seem to think that shale-oil drillers won't pull back until prices near $80 a barrel.

OPEC: Crude Falling After Saudi Arabia 'Unilaterally Lowered' Prices

OPEC's largest producing member, Saudi Arabia, has lowered its prices for crude oil delivered next month without consultation with other members.

ExxonMobil: Bunker Markets Will Become Much More Complex and Fragmented

"We will see many different products that are manufactured in different ways and perform in different ways," says ExxonMobil's Iain White

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