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Frontline 2012 Reports "Strongest Third Quarter Ever" On Surging Oil Market

Frontline 2012 said its Q3 net income hit a record $61.9 million as high oil output prompted increased tanker utilization.

GTT Receives AIP from Lloyd's Register for LNG Bunkering Ship Design

GTT says the approval was received for its 4,000 m3 LNG bunkering ship concept, which features the Mark III Flex Cargo Containment system.

We are Destroying the Price of Crude, Says Venezuela, Who Warns on $20/bbl Oil

"We need to go back to the principles of OPEC," says Oil minister Eulogio del Pino.

Crude Futures Up on Geopolitical Tensions

Both ICE and NYMEX contracts witnessed their largest gains in over 3 weeks.

Baltic Dry Index Hits Bottom?

The Baltic Dry Index (BDI) Monday made its first positive movement in over four weeks.

European Commission Proposes Fines for Romania Over Sulfur Rules Failure

The European Commission says Romania's failure to align with rules on sulfur content for marine fuels deserves a fine of 38,042.6 euros per day.

Trafigura Singapore Subsidiary To Build $100 Million Myanmar Storage Project

Puma Energy has become the first firm to secure a license for building oil storage facilities in Myanmar, at the port of Thilawa.

SSI: Climate Change is a Business Risk, Current Shipping Industry Emissions Regulation is Insufficient

The organisation's calls for international action on shipping emissions ahead of discussions at COP21, set to be held in Paris beginning November 30.

Lithuania's Klaipedos Nafta Establishes SGD Logistika For LNG Bunkering

Majority state-owned Lithuanian oil terminal operator Klaipedos Nafta is partnering with Germany's Bomin Linde to provide LNG bunkering services.

NGOs Say New EP Report Shows Need for Action on "Elephant in the Room" Issue of Global Shipping Emissions Cap

Seas At Risk, T&E, and the Marine Conservation Society push for CO2 reductions to be agreed upon for the shipping industry in COP21 negotiations.

ExxonMobil Receives Approvals for Environmentally Acceptable Lubricant Line

Seal manufacturers Kemel, BVI, and Hwaseung R&A are said to have approved the company's Mobil SHC Aware Gear Series.

Transpacific Container Lines Agree on Rate Increase Pact

The increases are said to be in response to "cost and environmental compliance pressures."

Gibraltar Officials: LNG Bunkering "Quite Some Way Away"

Current LNG plans are for a power station only.

3 Ships Caught Illegally Transferring Bunkers In Malaysia

The Malaysian Maritime Enforcement Agency has captured three vessels transferring fuel oil ship to ship without permits to do so.

CMA CGM Enters into Exclusive Discussions With NOL Over Acquisition

The French shipping company says the exclusivity period is expected to last through until December 7th, 2015.

Box Shipping Unsustainable at Current Rates: Singapore Shipping Association

Association says there is "definitely" a consolidation trend taking place as a result of the poor market conditions.

Crude Futures Flat After Early Surge

Brent front month contracts ended the day up $0.17 cents per barrel while WTI contracts settled down $0.15 cents per barrel.

Island Oil Launches Israel Physical Supply Operation

Operations are expected to commence from Haifa port on December 10, 2015.

Reports: Bomin to Exit Gibraltar Physical Supply Market

Move will take place by the end of November, according to reports, leaving only two players supplying on both sides of the bay.

U.S. Coast Guard: Main Engines May Not Attain Expected Speed When Using ULSFO

The U.S. Coast Guard has updated its ECA operating recommendations as a result.

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