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Singapore Owners of Arrested Ferry Start Paying Off its Bunker Bills, Other Debts

However over $1 million in bunker costs remain unpaid.

MXB Resumes Operations in Kochi After Upgrades for Faster Bunkering, More Capacity

The company says it has completed a four month long upgrade project on its facilities.

Bunker Price Decline Helps CMA CGM to "Strong" Financial Position Despite Q3 Earnings Fall and "Challenging Market"

The company asserts that the container market "should rebalance during 2016" after posting a 9% revenue decline in Q3.

PWC Green Maritime Centre to Help Ship Owners Meet MRV Regulation

The first reporting cycle of the MRV system is expected in January of 2018.

Aegean Posts Record Volumes, as Revenues Slide 40% on Low Oil Prices

Despite a reduction in revenues due to lower sales prices, Aegean Marine Petroleum Network posted an increase in net income for the third quarter.

Box Rates Plummet on Key Asia-Europe Route

Rates on the Asia to Northern route plummet to $295 per twenty-foot equivalent unit container.

Ardmore Adds Two More ECO Tankers to its "Fuel-Efficient" Fleet

The company says it took delivery of two new product and chemical tankers, the 25,233 DWT Ardmore Chippewa and 49,999 DWT Ardmore Seahawk.

Disastrous Dry Bulk Market is "Overwhelmed" Says Georgiopoulos, as Baltic Dry Index Slumps to All Time Low

"This market is looking like a disaster," says analyst Eirik Haavaldsen.

Another ECA Operator Posts Record Result for 2015 Q3

The sector appears to be a long way from 2015's previously predicted environment of fire sales and bankruptcies.

Asia Piracy Down in October But 2015 Still on Course to Hit a Five Year High

ReCAPP reports no incidences of piracy and no hijacking for oil last month.

World Fuel Services Looking to Hire 70 in Costa Rica

The hiring process is said to be part of a company plan for expansion in Costa Rica set for next year.

MAN Diesel & Turbo Buys LNG Bunker Business

MAN Diesel & Turbo Sverige AB is acquiring the marine fuel gas supply system business of Cryo AB.

ExxonMobil: Specialist ECA Fuels Have Been Well Received by the Industry

Company says "major vessel operators" advocate the use of ExxonMobil Premium AFME 200 and ExxonMobil Premium HDME 50.

Bunker Spill Vessel Owners Facing $1 Million Fine, 18 Months Imprisonment

MV Marathassa's owners have agreed to appear in any legal proceedings or prosecutions.

Quadrise Relocates Emulsion Bunker Fuel Research Base to the UK

The company has signed an agreement with the University of Surrey enabling the move of its primary emulsion fuels research base from Sweden to the UK.

China COSCO-CSCL Merger Approval Expected by January

Sources say that one of the priorities of the talks are to "avoid any layoffs from the merger overlaps."

Crude Futures Flat Despite Supply Glut

Expiring WTI contracts for December delivery settled down $0.21 cents after falling below the $40.00 threshold for the second day in a row.

U.S. Joins Lawsuit Against Inchcape for "Overcharged" Ship Husbanding

The lawsuit alleges that the company knowingly over billed the U.S. Navy for ship husbanding services, which included fuel delivery, from 2005 to 2014.

Starbulk Widens Losses, Delays Newbuildings

The company has also been downgraded by Deutsche Bank.

ECA Operators to Challenge EU Over Competition Distorting State Aid

Scandlines and Stena Line are said to be preparing for a court battle that will argue that EU financial support for an undersea tunnel poses unfair competition.

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