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Double Digit Bunker Prices in the Biggest Bunker Ports Still on the Cards for 2016

Russia calls latest oil frenzy "Idiotic" as John Kilduff laments that the current price rally is based on "false hopes" and oil will fall to $18/bbl.

Singapore's New LNG Bunker Players to Help Develop Port into Key Asia LNG Bunkering Hub

Port of Singapore facilitating development of infrastructure now that LNG bunker supplier licensees named.

Dry Bulk Ends the Week Falling Further to 317

The sector's key index has yet to make a single gain this year.

Saudi Arabia Denies a Proposed 5% Production Cut With Russia; No OPEC Meeting Planned

Four unnamed OPEC delegates say Russia's overture to the cartel is news to them.

Shell Announces Shareholder Approval for BG Acquisition

The deal, worth a reported $52 Billion, is expected to create the world's biggest trader of LNG.

Singapore's Mercator Lines Sells 5 Bulkers

The vessel sales are expected to generate $32,262,500 in net proceeds, all of which will go toward paying down the company's outstanding debt.

Weak Rates Prompt Panamax Owners to Commence Scrapping Earlier Than Planned

One expert thinks all Panamax vessels built on or before 2005 will be scrapped "sooner rather than later."

Baltic Dry Index Falls to 325, 1,430 Vessels Need to be Laid Up to Restore Balance, Says Analyst

Again, average spot TC rates were down across the board, with capesize falling back under the $3,000 per day mark once more.

Crude Futures Continue to Climb, but Fundamentals are Still Bearish

It shouldn't be surprising if crude futures sank back under $30.00 a barrel.

Weekly Vessel Scrapping Report: 2016 Week 4

Weekly Vessel Scrapping Report: 2016 Week 4

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from January 21 - January 27, 2016.

Neste, AS Tallink Grupp Renew Low Sulfur Bunker Supply Deal

Delivery of new low-sulphur fuel strengthening strategic partnership between Neste and AS Tallink Grupp.

Press Release: KPI Bridge Oil Group Launches Brand Refresh Campaign

"We are responsive maritime partners," is the company's new tagline.

Iran Will Win Back its Share of OPEC Production "At All Costs"

The Islamic Republic says it is well-primed to export at a profit despite rock bottom prices.

Russia Resolves to Talk with Saudi Arabia About OPEC Oil Output

Russia's willingness to negotiate is despite a stated difficulty in achieving output cuts.

Mercatus Energy Advisors Open Denmark Office, Announce New VP for EMEA

Former OW Bunker risk advisor, Morten Elgkjaer has been named Vice President of Mercatus Energy Advisors - EMEA, based out of Copenhagen.

Eco Marine Power Signs Sales and Support Agreement with Canada's Jastram Technologies

The agreement is said to facilitate EMP sales, marketing, and technical support in the Canadian shipping and offshore sector.

Singapore: MPA Awards First LNG Bunkering Licences

"This is the first step in Singapore's efforts to become LNG bunker ready," says MPA chief executive Mr. Andrew Tan.

Crude Futures Continue to Make Gains

Front month contracts for March delivery have gained back nearly 20% of their losses since last week.

TOTE Receives 2nd LNG-Powered Container Ship Ahead of Schedule

The LNG fuelled Perla Del Caribe joins its sister ship, the Isla Bella, in being delivered two months ahead of schedule.

Dry Bulk Descent Deep into Record Lows Continues: Baltic Dry Index Hits 337, but JP Morgan Sees Better Times Ahead?

The investment bankers have given upgrades to three listed dry bulk companies.

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