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Saudi Arabia And Iran Pump Record Volumes As Analysts Warn Again of Supply Glut

The news sent oil prices down again after a modest one-day rally.

IBIA Members Push for Transitional Issues Associated with 0.50% Global Sulfur Cap to Be Raised at IMO

Some members argue that the 2020 date could present a "huge risk" that the 0.50% cap will be widely ignored.

Russian Player Reports Massive Drop in Bunker Volumes for First Half of 2016

Revenues of the company's bunkering division fell to $3.1 million during the first half of 2016, compared to $66.2 million during the same period of 2015.

Singapore Hits 100 Mass Flow Meter Bunker Tanker Milestone

As not all vessels are expected to get MPA approved MFMs, it means about 75% of those projected to be fitted with MFMs have now done so.

Crude Falls for Second Day

Bunker prices were softer in the primary ports.

Aegean Posts Another Big Jump in Bunker Volumes for 2Q 2016

Bunker volumes for the period were just over 4 million mt and up almost 30 percent over 2015.

Quadrise Pushes Ahead with Emulsion Bunker Project in Saudi Arabia

The MoU is said to define the collaboration between Quadrise and its clients to progress the trial at refinery and power plant facilities within Saudi Arabia.

Bunkering Vessel Catches Fire in the Netherlands

Corina is reported to have caught fire after a short circuit in a diesel generator sparked flames in the engine room.

Newbuild Carrier Capable of LNG and Methane Propulsion Delivered to Navigator Gas

Newbuild Carrier Capable of LNG and Methane Propulsion Delivered to Navigator Gas

Navigator Gas says it is in the "very advanced" stages of equipping the vessel to burn ethane as a third alternative fuel.

Oil Companies Face $110-billion in Debt, Default Rates Are Rising: Moody's

Most of the debt is junk-rated.

OPEC Predicts Higher Oil Demand This Year But Analysts Say The Cartel Now Has Little Influence Over Prices

Basic economic cycles will push oil into the $50s, says one expert.

Russia, Azerbaijan, and Iran Eye Alternative to Suez Canal Route

The countries are said to be undertaking a "flag-ship project" to utilise the International North–South Transport Corridor.

OOCL Slashes 41% From 1H 2016 Bunker Bill

But the box carrier still posts a $56.7 million loss.

July ReCAAP Report: Hijackings of Ships for Theft of Oil Cargo has Decreased

The report indicates that there was a total of four reported incidents of armed robbery against ships reported in Asia during July.

Crude Softens After Yesterday's Gains

Bunker prices were somewhat soft in the primary ports.

Callao and Guayaquil See Tight Avails on Reduced Refinery Output

Sources in the Guayaquil bunker market say new product may be loaded by the end of the week, but it is unclear when Callao will see tight avails ease.

Port of Rotterdam Marks First LNG Bunkering Operation

The Port of Rotterdam says bunkering of the product tanker Ternsund with LNG is set to be completed by Wednesday morning.

Ship Owner Highlights Bunker Cost Savings Gleaned Through Scrubber Use for ECA Compliance

Reederei H.-P. WEGENER says the investment in Alfa Laval PureSOx systems on two of its 1000 TEU container ships having paid for themselves.

Oil Pros Say Time to Buy Oil is Now as Prices Are Heading Towards $51

Ship & Bunker data suggests such gains would add around $40/mt to IFO380 bunkers in the Primary ports.

New Conventional and LNG Bunkering Facilities Planned in Suez

The first phase of the project is slated for completion by 2017's first quarter, Arab Petroleum Pipelines Company tells Ship & Bunker.

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