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Maritime Leaders Urge Shipping Industry to Prepare Now for Future Challenges, Regulation Changes

Singapore MPA Assistant CEO of Development Tan Beng Tee says the advent of digitalisation will "disrupt the way you do business."

Fuel Efficiency Measures Gleans Norden $24.9 Million in Bunker Savings

Norden says the fuel savings were achieved across its fleet of owned and chartered dry cargo vessels and product tankers in 2014, 2015, and 2016.

Arctic Shipping to Grow by Over 3 Times by 2020: Sovcomflot Exec

Comments by Evgeny Ambrosov, Senior Executive VP of Sovcomflot, came at the International Arctic Forum "the Arctic – Territory of Dialogue."

Weathernews Offers New Global Emission Status Monitoring Service

Weathernews says the new service is intended as a support service for shipping companies' EU MRV compliance.

Maersk Exec: Box Ship Industry Cargo Could See 2-4% Growth in 2017

Still, a large number of newbuilds leaves "a big question of how that capacity will be managed," says Rene Piil Pedersen of Maersk Group.

Crude Prices Continue to Rise as Several Nations Back an Extension to Oil Output Cuts

Bunker prices have also bounced, after starting the week with Ship & Bunker's Global 20 Ports Average price for IFO380 at a 2017 low.

Weekly Vessel Scrapping Report: 2017 Week 12

Weekly Vessel Scrapping Report: 2017 Week 12

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from March 23 - March 29, 2017.

Fluxys Calls New Capacity for LNG Bunkering Vessels "Milestone" in Small-Scale LNG Development

"The ability to receive the smallest LNG vessels means that LNG bunker ships can now berth as well," explains Fluxys.

New Asia, Middle East Refineries Will Help Meet 2020 Marine Fuel Demand, Says BP Downstream CEO

Tufan Erginbilgic, CEO for Downstream at BP, says the company's refineries are "well positioned."

Bunker Spill Vessel Owners to Stand Trial in Canadian Provincial Court

The trial is related to approximately 2,700 litres of HFO that spilled into Vancouver's English Bay from MV Marathassa on April 8, 2015.

Bomin Linde LNG Becomes Nauticor Under New Branding

The change will become formally effective April 1, 2017.

Carnival Lowers Its 2017 Bunker Price Forecast

Carnival had previously forecasted bunker prices of $374 pmt, but this expectation has been lowered to $362 pmt in the group's Q1 2017 report.

Salvage Industry Not Ready for LNG-Fuelled Ship Casualty, Says Expert

Sylvia Tervoort, Salvage Master at SMIT Salvage, says a LNG-fuelled ship could only be salvaged if it is dry and intact.

Arrested Suezmax Tanker Put up for Auction in Singapore

The 1997-built Ambassador was arrested on January 19, 2017 following action by Gurbani & Co LLC.

Less Than Anticipated Inventory Build Causes Market Surge - and New Fears of Looming Supply Crunch

But Woodside still thinks the market will be range-bound for at least 18 months.

Recalcitrant OPEC Members Pitch in to Up Oil Production Curbs, but Nigerian Exports Set to Rise in May

It also remains unclear whether the OPEC cutbacks will extend to the end of the year.

New Tech to Expedite Oil Spill Clean Up Tested in U.S.

The tests are said to have demonstrated the technology's potential to "become an effective tool for minimising the environmental impact of future oil spills."

France Seeks Mediterranean ECA, Say Sources

France is reported to have called for the creation of an ECA in the Mediterranean Sea at a European Council meeting earlier this month.

Baltic Dry Index Gains Almost 30% in 3 Weeks to Hit Highest Levels in Over Two Years

The Baltic Dry Index gained 51 points Tuesday to reach 1333, the highest the index has been since November 2014.

World Fuel Services Starts Bunker Supply at Texas Terminal

WFS says its exclusive agreement to supply marine fuel at the Sunoco Logistics Nederland Terminal in Texas is now fully operational.

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