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Iran May Halve Fuel Oil Exports

The nation's Abadan refinery is likely to be closed for maintenance for much of March.

Crude Benchmarks Continue Gains

WTI had gains $0.46/bbl, settling at $97.84/bbl, and Brent gains $0.94/bbl finishing the day at $107.19/bbl.

Sacyr Denies Panama Canal Work Stoppage

President of Sacyr, Manuel Manrique, did however say that work may eventually stop if the building companies run out of cash.

Russian Bunkering Rule May Violate Competition Law

The nation's Federal Antimonopoly Service says limits on bunkering could reduce choice.

Gazpromneft Marine Bunker Direct Sales Up 22%

The company made its first international acquisitions and expanded within Russia in 2013.

European Authorities Seek Compromise on Vessel Emissions Monitoring

EU Commissioner Connie Hedegaard seeks return to original proposal from Parliament version.

Norwegian Oil Trading Expands Team

Karl Fredrik Skorge Hansen appointed as a Market Analyst.

Big Drop in Singapore Ship Arrests

The number of Warrants for Arrest filed also fell for 2013.

Japanese Port Tipped for Shore Power System "Within the Next Year"

Port of Long Beach says Port of Yokohama visited them about a year ago after hearing about its shore power program.

Baltic Exchange Names Chris Jones as Asia-Pacific Director in Singapore

Jones replaces replaces Philip Williams who retires from the role in April.

Crude Benchmarks Rise Despite Gloomy Jobs Report

WTI gained $0.19/bbl, settling at $106.25 while Brent rose $0.47/bbl, finishing the day at $106.25.

Panama Canal Expansion Work Halted

Sacyr warns that "without an immediate solution, we face years of disputes in national and international tribunals."

Russian Far East "Probably the World's Fastest Growing Bunker Market"

"Now we see major container carriers changing their trade lanes to accommodate the bunker arbitrage."

Maersk Line: Low-Sulfur Rules will Mean Surcharge

The company expects 5 to 10 percent of its bunker purchases in 2015 to be low-sulfur fuel.

Norwegian LNG Bunkering Station to Open in Summer

Skangass's Risavika facility will serve Fjord Line's cruise ferries.

Ardmore Gets $172M Credit Facility to Help with ECO Vessels

The funds will help pay for eight of the vessels the company has on order.

Bunker Spill After Ship Breaks in Half off French Coast

The Spanish cargo Luno crashed into the breakwater near Bayonne after an engine failure.

WTI Makes First Gain in Three Trading Days

WTI gained $0.76/bbl resting at $97.19/bbl while Brent slipped $0.26/bbl, settling at $105.78.

Istanbul Freight Index: 2014 Week 5

Freight rates once again remained largely stable this week amid steep declines ahead of Chinese New Year holiday outside the region.

"Significant Improvements" in Singapore Oil Spills

But some local beaches are closed to facilitate cleanup efforts.

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