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Star Bulk: Discipline in 2016 and 2017 is Key for Dry Bulk Recovery

Star Bulk cancels newbuilds, reports a large FY2015 loss after "the most challenging market for dry bulk shipping over the last 30 years."

Output Deal "Close," Putin Tells Russia's Top Oil Execs

But the president did not specify which countries will be involved.

Egypt to Receive 800,000 Tonnes of Saudi Petroleum Products, Including Fuel Oil and Diesel

Over a three month period, Saudi Arabia will be supplying 180,000 tonnes of gasoline, 150,000 tonnes of fuel oil, and 470,000 tonnes of diesel.

Port of Long Beach Hails Impact of Lowering Vessel Speeds

The U.S. port says thousands of tonnes of air pollution were avoided last year through a programme that rewards ships for reducing their speed.

Pressure On Bunkers, Oil to Stay Lower for Longer as OPEC Says Output Cuts "Maybe" at the End of the Year

There were further signs Tuesday that oil, and bunker prices, are set to continue on their lower-for-longer trajectory.

April Crude Futures Mixed

Bunker prices were relatively soft early on but firmed as suppliers took advantage of the upside swing.

Aegean Expands US West Coast Team

Francesca Himelman will be based at new offices located in Long Beach, U.S., the global bunker player has told Ship & Bunker.

Scorpio Bulkers Announces Large 2015 Loss, Agreement on Debt Structure

Scorpio Bulkers reports a GAAP loss of over $20 per share on the year but also announces relief from creditors on debt.

Carnival in New Bunker Saving Collaboration with Hamburg

Organizations will work to optimize port entries for AIDA and Costa ships in Hamburg.

No Short Term Gains From Russia, OPEC Talks

But Barclays says "there are tentative signs the worst may be over for commodities, at least judging by the pick-up in investor sentiment."

Container Carriers Need "Deeper Capacity Cuts," Says Drewry

In face of low spot rates, Drewry says "carriers will need to intensify their capacity management tactics in 2016 if they are to reverse the trend."

$40 is the New $70 to Trigger More U.S. Shale Production

John Kilduff says the threat of a shale rebound is "putting a cap on oil prices."

Dry Bulk Player Pacific Basin Open to Acquisitions

Acquisition opportunities will be carefully considered despite dry bulk's "weakest year since 1985."

BIMCO Issues Guidance on Bunker Contract Amendments in Wake of Expedited OW Bunker Test Case Hearing

A new Clause 25 has been added to the BIMCO Terms 2015 incorporating the recommended wording.

OW Bunker "Double Payment" Test Case Granted Expedited Hearing

The outcome of the Res Cogitans "test" case will determine if shipowners with outstanding OW Bunker invoices are open to double payment of bunkers.

Weather Impedes Clean Up of Thai Bunker Spill

The vessel, Ocean Dream, which had been abandoned since March 2014, is said to have capsized Saturday around 1 p.m. local time after taking on water.

0.5% Global Sulfur Cap: ICS and INTERTANKO Push for October Decision on Implementation Date

The two organisations want MEPC to agree at its 69th session that a date for the implementation of a 0.5% global sulfur cap will be set at its 70th session.

Get Set for the 2023 Oil Glut

A rise in the number of electric cars is predicted to be the trigger for a massive drop in oil demand.

Crude Futures Climb on Freeze Speculation

Bunker buyers should start working inquiries earlier as yesterdays prices might continue to look cheaper and cheaper.

Navios Maritime on Dry Bulk: As Difficult a Market as Ever Existed in Shipping

But CEO & Chairman Angeliki Frangou suggests the company is well-positioned to weather the tough markets with $176.9 million in cash on hand.

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