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Industry Leaders Join Forces To Guarantee Availability of LNG Bunkers, Solve "Chicken-and-Egg" Problem

Siemens Drilling and Marine will partner with Dresser-Rand and Lloyd's Register in creating a best of industry team making LNG available as a bunker fuel.

New Fuel Cell Tech Could be Ideal for LNG Powered Vessels

The VTT Technical Research Centre of Finland is said to be developing a fuel cell that could be suited for use on ships using LNG bunkers.

OPEC: History Tells Us that the Current Oil Price Regime Will Not Last

The organization also warns that production capacity additions needed to meet future demand will be in jeopardy.

Iran: Full Return to International Oil Market Not Negotiable

Iran will discuss new output ceilings only when it has fully returned to the market.

Wärtsilä Scrubbers and Propulsion Packages Chosen for Algoma's Two Newbuild Bulk Carriers

The two vessels will "combine high propulsion efficiency and environmental sustainability," says Algoma's President & CEO, Ken Bloch Soerensen.

Arrested Nova Star Freed After Singapore Owner Pays Most of its Outstanding Bunker Bills and Other Debts

STM is said to have posted a $750,000 surety bond to have the MS Nova Star ferry released from custody while remaining financial claims are settled.

Wärtsilä Tech Chosen for "New Type" of Highly Efficient Dual Fuel LNG Carrier

Timo Koponen, Wärtsilä's Vice President of Flow and Gas Solutions, says the vessel will be "a very modern and highly efficient LNG Carrier."

Sinopec "Key" in Deal to Revive Bankrupt Caribbean Refinery as Storage Hub

Private equity firm ArcLight Capital and commodity trader Freepoint will convert the refinery into a "massive" oil storage hub.

LQM Announces New Head of International Sales

Andy Lade was said to have come from a strong background in the oil industry after a period of 27 years at Shell.

Adani Bunkering Reports Conclusion of "Major" Bunker Deal

The 4,500 mt stem is said to be the largest deal recorded on the Indian Sub-Continent for bunkering along the outer road.

China Shipping Reports Bunker Savings, Commitment to "Green" Operations

Slow-steaming, vessel scrapping, and cold-ironing are some CSG strategies.

CMA CGM Secures Funding for NOL Takeover: Reports

Lenders including HSBC, BNP Paribas, and JPMorgan are said to have provided "firm commitments" to fund an initial 67% stake in NOL.

ExxonMobil Launches New System Oil for Marine Diesel Engines Operating in Severe Conditions

Mobilgard 300 C offers "superior engine cleanliness" for longer oil and engine life, as well as reduced operating costs, says ExxonMobil.

Crude Futures End the Day Firm

It is expected that tomorrows OPEC meeting will give the market direction.

IMO Details Emissions Efforts at COP21, Green Groups Not Impressed

Green group Climate Action Network has awarded the IMO and ICAO its satirical "Fossil of the Day" award.

RightShip: Greenhouse Gas Emissions Rating Reduces Bunker Costs, Encourages Industry Led Emission Reductions

The GHG Emissions Rating tool is said to enable industry players to encourage environmentally-friendly change within the maritime industry.

Nigeria to Request Iran Postpone Oil Production Increases

In an effort to ease dropping oil prices, Nigeria says that it is planning to ask Iran to delay its planned increase in oil exports once sanctions are lifted.

DNV GL and Hempel to Cooperate on Bunker-Saving Hull and Propellor Monitoring

The cooperative agreement was signed at the Marintec China trade fair and is intended to provide "clear, comprehensible, and verifiable" analytics.

Solar and Wind Powered Cruise Ship to Sail in 2020

The 55,000 tonne vessel is said to be the "world's greenest" cruise ship, featuring feature 10 solar-paneled sails, wind generators, and hybrid engine.

Dry Bulk Shipping Will Not Return To Profitability Before 2017: Drewry

In a new report, global shipping consultancy Drewry says a recovery in the dry bulk market hinges on increased demand.

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