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Tanker Sector Can't Rely on Scrapping to Keep Market Balanced

Poten & Partners says there aren't enough candidates to make this course of action feasible.

Orkney Islands Receives New Low Sulfur Bunkering Service

The new service is said to provide flexibility to the market for a wide variety of ship types, allowing vessels to bunker alongside and at anchor.

U.S. Navy to Launch Biofuel Bunker Powered Carrier Strike Group

Some critics and environmentalists say the decision, which is said to be intended to reduce dependence on foreign oil, may do more harm than good.

Eagle Bulk Has Until February to Reach Outstanding Loans Agreement

Eagle's payback woes come at a time of record dry bulk market lows.

Crude Benchmarks Take Another Nosedive, US Crude Under $27 for the 1st Time Since 2003

Bunker buyers can expect to continue to see favorable pricing.

Aegean Marine Petroleum Network To Enter South American Market in Q1 2016

The new office will be based in Brazil.

Monjasa to Expand Panama, Mexico, Other Latin America Bunker Markets

As part of its plans, the supplier expects to expand its offices in Panama to accommodate approximately 40-45 employees, up from around 20 at present.

Baltic Dry Index Falls Another 5 Points to 358, but Capesize Rates Show Slight Improvement

Most analysts once again pointed to China as the main driver for the continued fall.

Industry Insight: Sustainable Marine Biofuel – Scaling-Up for a Crucial Role in a Low Emission Future for Shipping

Industry Insight: Sustainable Marine Biofuel – Scaling-Up for a Crucial Role in a Low Emission Future for Shipping

In playing our part in contributing towards a "well below" 2-degree cap, a paradigm shift is required for new types of low carbon bunker fuels.

Oil Demand Growth Stymied by Warm Weather and Lousy Global Economics: IEA

The Agency also thinks that mounting global inventories in 2016 could make floating storage profitable.

IMO Names World Maritime Day 2016 Theme "Shipping: Indispensable to the World"

The theme is said to have been selected to bring focus to the critical link between shipping and global society.

Oil Spill Cleanup Underway After Bunker Tanker Sinks in Tokyo Bay

The bunker tanker Sunway Maru sank after colliding with aggregate carrier Daifuku Maru No 8 in Tokyo Bay on Saturday.

New LNG Ship Design Said to Provide 3-5% Fuel Savings

The company says the goal of the project is to improve the efficiency and layout of the best LNG vessel designs currently being built.

Malta Says it is Falling Short of its Potential in Mediterranean Bunker Market

"There are other countries in the Mediterranean that are in a less strategic position and are growing in this industry more than we are," says official.

OPEC Predicts Increased Oil Demand in 2016 While Analysts Anticipate Further Price Reductions

OPEC also says 2016 is the year in which "the rebalancing process starts."

Iran Cuts European Crude Prices for February Delivery

Both Iran and Saudi Arabia have increased light crude prices for February delivery to Asia by $0.60 per barrel, however.

Crude Future Continue to Soften

The market saw a brief rally today as traders covered short positions and China reported oil demand hit a record high in 2015.

NAT: Strong Tanker Market Continuing Into 2016

The tanker owner says 2015 was a "very good" year, and that "a low oil price is good for NAT."

Piraeus Strike to Hit Bunkering

Tightness and loading delays are expected for the rest of the week.

Rare Positive for Dry Bulk as Safe Bulkers Bags Bumper Charter Deal

The unnamed customer is set to pay significantly more than recent charter rates for the 87,000 dwt bulker.

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