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Russia Looks to Tax Overhaul to Boost Oil Output, but Impact on Fuel Oil Still Unclear

A new system could cut tax on brownfield sites by between 16 and 20 percent depending on the oil price.

Gulf of Guinea: Vessel Hijackings Now More About Crew Ransoms than Tanker Cargoes, Says IMB

However, despite a surge in kidnappings off West Africa, overall piracy and armed robbery has declined to its lowest levels in 21 years, says IMB.

OOCL Extends GHG Reporting with LR to Terminals

OOCL has extended their GHG reporting to container terminals, specifically the Long Beach Container Terminal and Kaohsiung Container Terminal in Taiwan.

Dutch Company Eyes Bunker Savings and 100 Million Tonne CO2 Reduction from Shipping Using Existing Onboard Tech

We4Sea is said to pull data from existing onboard equipment into simulation software.

Silverstream: Cruise Segment to Lead Adoption of Clean Tech Ahead of 2020 Global Sulfur Cap

Silverstream says that the cruise sector has demonstrated a "substantial appetite" for its energy-saving air lubrication system.

Morgan Stanley Warns of Refinery-Driven Oil Price Correction as Crude Slides Almost 3%

Talk is increasing of prices "going south of $40".

Crude Starts the Week Lower

Bunker prices were softer in the primary ports.

MV Benita Refloated Over a Month After Onboard Brawl Led to Grounding and Bunker Spill

Five Oceans Salvage Sunday confirmed that MV Benita had been refloated and was being towed 20 miles off Mauritius' coast.

Panama Canal Authority to Reward Ships that Reduce GHG Emissions

The Green Connection Award will be given to carriers that make efforts to reduce their greenhouse gas emissions.

Petrobras Agrees to Sale of Chilean Fuel Distributor

The sale will see Petrobras Chile Distribuición sold to Southern Cross Group in a deal expected to garner a cash inflow of $464 million for Petrobras.

ICS: CO2 Emissions "High" on Shipping Industry's Priority List

ICS says the focus on shipping emissions is reflected by the agenda for the 2016 International Shipping Conference, which is set for September 7.

New Study Suggests an HFO Ban Would be "Less Beneficial than Expected" and PM Scrubbers Give Greater Health Benefits Than Sulfur Caps

"Foregoing the ban of the heavy fuel oil use in coastal shipping ... is therefore probably less beneficial than expected,"

LNG Bunkers Will Not Solve Shipping's GHG Emissions Problem, Says Tyndall Centre Academic

"Whichever way you put it, very drastic reductions in shipping emissions must be made," Dr Michael Traut tells Ship & Bunker.

Iran Intensifies Investment Efforts While Iraq's Exports Increase; But Nigeria's Recovery Is Problematic

Iran hopes for $60 billion via deals with France and Japan.

Cruise Ship Fire Linked to Fuel Filter

Human error in the disassembly of a clogged fuel filter has been found as the cause of a November 2015 engine room fire on cruise ship Le Boréal.

Surplus Prompts Predictions $40 Oil, Warnings That Q2 Will Be The Best For The Foreseeable Future

BNP Paribas and JBC Energy predict $40 oil due to production recovery in other countries.

Singapore: LNG Bunkers Can Be Widely Adopted by Shipping Industry, Says MPA's Andrew Tan

The comments came during an address by Tan at the Port of Yokohama LNG Bunkering Mini Seminar in Singapore on Friday.

Total to Suspend U.S. Gulf Coast Bunker Supply Operations After July

A number of sources in the bunker market are said to have credited tight competition as the reason for Total's decision to exit the regional market.

Blue Star Vessel Receives Updated Bunker and Emissions Monitoring Tech

Blue Star Delos, a high speed Ro-Pax vessel has been updated with new fuel oil consumption and emissions monitoring software

New Hybrid Ferry Set to Be First to Feature Wärtsilä Hybrid Battery Technology

The ferry is also expected to be the "most environmentally sustainable vessel ever" to ply the waters between the Isle of Wight and the English mainland.

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