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Oil Price Bulls Are "Clutching at Straws"

Citibank joins the growing number of analysts critical of the Saudi/Russian output freeze.

WTI Continues to Firm

Bunker prices were mixed today in the primary ports but the overall consensus of the bunker market has been trending upward.

Bomin: New Office, Expanded Bunkering Team in Japan After "Significant Growth and Demand for Bunkers"

The growth has been attributed to the good response to its Bomin specific offerings in the country.

Weekly Vessel Scrapping Report: 2016 Week 6

Weekly Vessel Scrapping Report: 2016 Week 6

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from February 11 – February 17, 2016.

Baltic Dry Index Rises for 4th Consecutive Day to 307 as Scrapping Accelerates

Average TC spot rates for both Panamax and Supramax segments also saw positive movement, rising to earnings of $2862 and $2710 per day, respectively.

MPA Says Already Over Half a Million Metric Tonnes of Bunkers Delivered by MFM in Singapore Monthly

MPA's Assistant Chief Executive of Operations says he is "heartened" to see so much MFM use prior to the January 2017 implementation of the requirement.

€53.3 Million Mediterranean LNG Bunkering Project Launched

Poseidon Med II is the second phase of an EU led initiative aimed at the development of Greece as a regional LNG bunkering and distribution hub.

New Houston-Based Trader for Dan-Bunkering

Joseph Barry has been employed as Bunker Trader/Offshore Specialist.

Weak Markets Take Toll on Rolls-Royce Marine Unit

Underlying profit at Rolls-Royce's marine unit fell by 94% in 2015.

Singapore: Vopak Receives First LPG Cargo at New Jurong Island Facility

Vopak says the delivery marks the "start-up of Southeast Asia's first independent LPG import and storage facility."

New DHL Service Offers Efficient Tonnage Option to Customers

DHL's Green Danmar service is said to allow customers to select a container carrier that is over 5 percent more carbon efficient than the industry average.

Iran Supports Oil Price Stabilization But Has Yet to Agree to Participate in Output Freeze

Critics call this a disappointment in "the last great hope for oil."

Crude Futures Surge on Iran Comments

Both Brent and WTI front month contracts settled firm, leading to much higher bunker prices across the board today.

DNV GL, VPS Launch Tool to Show Impact of Bunker Quality on Vessel Performance

DNV GL says that "for the first time" shipping companies can easily differentiate between the efficiency loss due fuel quality and other factors.

ABB to Supply Bunker Saving Tech to Innovative New OSVs

ABB says the two vessels will feature the company's Azipod D and its Onboard DC Grid, both working to boost the ships' fuel efficiency.

OMV Aims to Sell Petrol Ofisi

Austria-based OMV says it is looking to sell up to 100 percent of its Turkey-based subsidiary.

Baltic Dry Index Rises Above 300, But Bleak Market Conditions Predicted for Next Six Months

MSI says positive news for dry bulk's outlook will stem from demand precipitated from expected strong Latin American grain exports.

CMA CGM and China COSCO Look to Solidify New Mega-Alliance

Alphaliner says CMA CGM and China COSCO are looking to align with Evergreen and OOCL, possibly breaking up 3 current main East-West alliances.

Maersk Slashes $2.3 Billion From its Annual Bunker Bill

But the the savings did little to help its bottom line, as CEO Nils Andersen warns of tough times ahead.

Marine Solar Power Product Range Announced

Eco Marine Power has finalised a product line of bunker-saving solar devices for the marine sector.

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