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Oil Prices Rally But Market Fundamentals Remain Unchanged

Oil prices jumped 3 percent on Tuesday but oversupply concerns were expected to continue to weigh on oil prices in the near term.

Danish Port Gets EU Funding to Build Pilot LNG Bunkering Facility

The Port of Hirtshals will first build a 500 cubic metre facility.

Oil Storage Demand Rises at Fujairah As Port Expands Capacity

Government figures predict storage capacity at the port to almost double by 2017.

OPEC Predicts Oil Prices Have Hit Bottom

OPEC Secretary-General Abdulla al-Badri also urged countries to continue investing in future oil production.

NYMEX Volumes Down as Snowmagedon Fails to Materialise

The dollar weakened today which drove Brent and WTI oil prices up.

BP Confirms it Will Cease Marine Fuel Oil Retail Sales Activities in the Americas

The energy major says the move will allow it to focus on improving services in other global marine fuel oil hubs in Europe, Africa, and Asia.

BIMCO Publishes Explanatory Notes for Standard Bunker Contract, BIMCO Terms 2015

The notes are intended to help potential users get a clearer idea of the thinking behind the terms.

Singapore Ship Arrest Activity Slides 50% in 2 Years

In 2014 there were 60 ships arrested and 67 Warrants of Arrest filed, the lowest in at least three years.

COSCO Group Slashes $400M from its 2014 Bunker Bill

"After adding more ships [to Europe] and reducing the vessel speed, we have greatly cut down on the use of fuel," says Ma.

KR: Ships Are Switching Fuels Too Early, Wasting More Expensive ECA Fuel

Korean Register has launched a Fuel Changeover Calculator to deal with the problem, which it says can also help to prove compliance.

Maersk Line: East-West Trades Will Remain Challenging as Overcapacity Continues to Drive Down Freight Rates

"It is likely there will be significant capacity deployed on the East-West trade due to its continued importance," says Maersk Line Manager.

Singapore Bunker Demand Widens East-West Fuel Oil Swap Spread

The spread is at its widest point since the figures began being tracked in October 2014.

Geos Group Expands Physical Supply Operations in the UK

MGO is now available ex-pipe from Great Yarmouth, England, from a 1,000 tonne storage facility.

COSCO Posts Profits After Three Straight Years of Losses

The company reported a profit of $823 million in 2014.

Hempel Launches New Epoxy Coatings for Marine Application

The new coatings for cargo tanks and ship surfaces are quicker to apply and more flexible than others on the market, says Hempel.

Former KPI Bridge Oil Managing Director Joins Bunker Holding

Henrik Hansen has been hired to implement company internal training and development programs.

Weather Warning Sees Traders at the NYMEX Head Home Early

If you have ships coming into New York, Philadelphia or Boston, check with your local agent in advance on berthing prospects.

Bunkering, Port Disruptions Expected US East Coast Ports Prepare for Impending Snowstorms

"They won't operate barges in blizzard conditions - no visibility, high winds - it's way too dangerous," says trader.

OPEC: Oil Price Will Not Go to $20 or $25

"I think the price will stay at where we are now," says OPEC chief.

T&E: IMO Definition on Arctic Black Carbon Welcome But Long Overdue

"Now the IMO can focus on evaluating which measurement technologies and control measures can be deployed," says NGO, Transport & Environment.

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