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UAE: $80 per Barrel "an Ideal Price for Oil"

Sultan Bin Saeed Al Mansouri, UAE Economy Minister says "there is a forecast that oil price is going to increase."

ABB: Study Shows "Substantial" Savings for Dual Fuel Diesel Electric Propulsion System

ABB says it commissioned DNV-GL R&D to perform the study on DFDE propulsion under realistic LNG carrier operating conditions.

Shipping Emissions Cap Added Back Into Draft Paris Climate Deal

The proposed emissions cap was reportedly cut earlier this month.

Panama Confirms April 2016 Opening for Canal Expansion

The ACP and Panamanian Foreign Vice Minister Miguel Hincapie have confirmed that the project will be complete for the April opening ceremony.

Trafigura Predicts OPEC Will Maintain High Output

Richer oil-producing OPEC members are expected to feel some pressure from OPEC members with higher production costs.

91 Companies in the Running for Nigerian Bunkering Contract

State-owned NNPC said that the majority of applicants are Nigerian shipowners.

Reports: Iran in Talks with Major Bunker Players

The NITC says they are in negotiations with two major bunkering companies to resume their pre-sanction relationships.

Two more Bulk Carriers Arrested in Singapore

A double Sunday arrest sees Ocean Star and Archimedes become the fourth and fifth bulk carriers to be arrested in Singapore during October.

Malacca Strait is Safe, 90% of Maritime Crime Claims Are Bogus, Says Navy

"We believe there [must be a plot] to make the Malacca Strait the most dangerous strait in the world," says Rear Admiral Achmad Taufiqoerrochman.

SMM 2016 to Showcase Alternative Bunker Fuels

The new dedicated hall will highlight low-emission propulsion technologies including LNG, methanol, and fuel-cell technology.

Crude Futures Continue to Tumble

We must not forget sanctions lifting off Iran which could depress the market even further.

Maersk Line Considering More Emphasis on Spot Rates

Maersk Group CEO Nils Andersen added that higher spot rates are needed for 2016.

California Approves New Mobile Scrubbing Technology

The U.S. state has approved the use of AEG's retrofit-free exhaust scrubber alternative to the use of shore power, which utilises specialised barges.

Singapore MPA Considering Granting Multiple LNG Bunker Licences Over Next Two Years

Chief Executive Andrew Tan says MPA has received multiple proposals, but the number accepted will depend the demand for LNG bunkers.

"Letter of Comfort" Requirements Causing Nigeria Tanker Rate Hike

But some have suggested that "the letter doesn't seem to be asking more than the Nigerian law requests."

Maersk Line Lowers Profit Guidance As Low Rates Drag Down Results

The company will be impacted to the tune of half a billion dollars.

Fluxys Gains 25% Share in Belgian LNG Bunkering Vessel

Belgium-based Fluxys has announced that it has signed an agreement with ENGIE, Mitsubishi, and NYK Line for a stake in the 5,100 cbm capacity vessel.

Secondhand Dry Bulk Greek Buying Spree Dwarfs Chinese Purchases

Greek vessel purchases totalled $345 million in September.

Black Sea Player Looking for Partner to Develop Physical Bunker Business

Anri Gogitidze, Managing Partner at Batpetrol says the company is looking for "international physical bunker suppliers as co-investing partners."

JP Morgan: The Only Way to Make Money in Dry Bulk is to Cut Costs, Expect Years of Low Rates

Sokje Lee, J.P. Morgan's executive director in Korea, asserts that dry bulk shipping rates could stay weak for years.

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