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Gulf Petrochem Eyes Further Growth Through New CTRM Platform

AspectCTRM says it has been selected by Gulf Petrochem to provide its cloud-based commodity trading and risk management solution.

Corvus Highlights Use of ESS on New Dual-Fuel Hybrid Ferry

Corvus congratulated SFC on the recent delivery of its new "state-of-the-art" vessel, which can run on diesel, LNG, and battery power.

AG&P and Risco Energy Embark on Indonesian LNG Joint Venture Set to Include Bunkering

The JV will see the two companies cooperate on mid-scale LNG terminals in Indonesia and their associated supply chains.

Update: Aegean Intends to Issue $150 Million Convertible Senior Notes

Aegean says it plans to use approximately $40 million of the net proceeds from the sale to repay a portion of the company's outstanding short-term debt.

More Modest Market Gains Amidst Warning That Oil Prices Will Plummet If Cutback Deal Compliance Is Lacking

The IEA reminds the market that OPEC agreed to slash production while members pumped at record volumes.

IEA Predicts Supply Deficit But Warns That Next Few Weeks Are "Crucial" For Those Supporting OPEC Cutback Deal

The agency concedes that the deal might not be fully implemented.

First Dry Bulk, Then Box Carriers - Now Poten & Partners Warns of Looming Tanker Market Woes

Writing in its latest Tanker Opinions, the consultancy says that, for 2017, the sector faces an all too familiar story of too many ships and not enough demand.

Industry Insight: Success Demands a Greater Effort

Industry Insight: Success Demands a Greater Effort

While 2016 has been challenging for owners and operators, Larry Rumbol of Parker Kittiwake says IMO's 2020 decision has added cat fines to the agenda.

Singapore Records Another Huge Month of Bunker Sales

Singapore's trailing twelve-month bunker sales total now stands at 48.7 million mt.

Marorka and SMDERI Partner on Chinese Ship Efficiency Through New Training Centre

The new centre, which was officially opened with a ceremony on December 2, comes as a result of an agreement that Marorka and SMDERI signed in May.

Performance Monitoring "In Vogue" Alongside New ISO 19030 Standard: Jotun

The comment came at a recent seminar hosted by DNV GL and Jotun, which focused on the new standard for hull and propeller performance measurement.

Crude Hits 17 Month High, Analysts Say Bigger Gains Could Follow

Nigeria is hoping oil will settle at the $60 range.

OPEC Deal Could Cut Glut in Half - but Critics Think It's "Unsustainable" and Will Benefit U.S.

The IEA predicts that shale's recovery will begin in January.

Estonia's Mõntu Harbour Signs Agreement for the Development of New LNG Bunkering Centre

The centre is set to include a 5,000 cbm capacity floating LNG storage facility, as well as a berth for vessels to be bunkered by a 1,300 cbm tanker.

Maersk Fluid Technology Updates Blending-on-Board System for Mobile Use

The system enables the crew on board the vessel to blend an engine-specific fit-for-purpose cylinder lubricant.

Bomin Linde LNG Marks Start of Long-Term Supply Agreement with FSG

Searoad Mersey II, which is slated to become the first LNG-powered ferry in Australia, was bunkered with LNG for the first time at the end of September.

HMM Reaches Strategic Cooperation Agreement with Maersk Line and MSC

Known officially as the "2M+H Strategic Cooperation," the agreement is slated to take effect in April 2017, subject to regulatory approvals.

GloMEEP Adds New Vessel Efficiency Course

The course is intended to help maritime training institutes deliver IMO's Model Course 4.05 to seafarers.

Saudi Prepared to Reduce Oil Output Even More Than Pledged as Market Eyes $70 Oil

Saudi energy minister Khalid Al-Falih says that "with absolute certainty" it will "cut substantially to be below the level that we have committed to."

Crude Prices Jump Over 4% After Non-OPEC Members Agree to Cut Oil Production

Bunker buyers should expect firming fuel prices after eleven non-OPEC producers pledge to make production cuts totalling 558,000 bpd.

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