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Call for Second Bunker Barge at Cape Town as "Ageing Shoreside Fuel Lines Cannot be Used"

Maritime author says an additional barge could lure many of the 50 ships that pass the Cape daily.

Greek Shipping Fleet Grows in 2015 Despite Challenging Markets

The fleet grew over a 12 month period by 4.3 percent to 4,909 vessels in total.

DuPont: Biofuel Not Financially Viable Until $70-$80 Oil

The chemical group asserts that, while biofuels may be desirable from an environmental perspective, it is not currently economically feasible.

APICORP: It Will Take "Years Rather than Months" For Iran to Reach Full Oil Export Capacity

But if Iranian supply growth surprises, "it will exacerbate the global storage glut, putting a cap on any price recovery."

Piraeus Strike Hits Bunker Suppliers with Loading Delays

The strike, which was scheduled to last from 6 a.m. local time on Monday to 6 a.m. on Wednesday, was extended a further 48 hours.

Private OPEC Report Suggests Low Bunker Prices for Several Years, Pressure on Crude Prices Until 2019

OPEC says its crude output would fall if non-OPEC supply fails to fade as expected.

Hapag-Lloyd Completes Public Offering With Lowered Price

The company raised its projected $300 million, selling 15 million shares for €20 ($22) each.

Crude Futures Reverse Yesterday's Gains

WTI contracts for December delivery settled down 3% while Brent December contracts softened nearly 4% by days end.

Scorpio Bulkers: One Cannot Run Indefinitely in a Market that is this Bad

The dry bulk player widened its 9 month net loss to $208.8 million for the period ending September 30th, compared to a net loss of $44.6 million last year.

Maersk Line to Cut 4,000 Jobs, Reduce Network Capacity, Pass on 19,000 TEU Mega-Ship Options

"These decisions are not taken lightly, but they are necessary steps to transform our industry," says CEO Søren Skou.

GPS Bunkers Set to be the Pioneer of Mass Flow Meters in Fujairah

"We are expecting a favourable response from ship owners and buyers," says a GPS Bunkers official.

World Fuel Services Pursues $500,000 Unpaid Bunker Bill from Already Seized Vessel

'World Fuel Services' interest in its maritime lien will be impaired, and likely lost, unless World Fuel Services is permitted to intervene," WFS' documents read.

Algeria, Iran Want OPEC to Reinstate Quota System as Current Strategy Begins to Take its Toll

The countries say policy changes are necessary to make production management "equitable".

Red Sea Player Hails its First STS Supply Off Djibouti

The company's vessel Cosmic was said to have supplied an unspecified amount of 380 cSt bunkers to the Vitol chartered MT Nisida.

Clean Energy "Participates in a Little History" by Bunkering World's First LNG-Powered Box Ship

The LNG is reported to have delivered from Clean Energy's Boron, California liquefaction plant.

Florida Ports Anticipate More Asia Trade From Expanded Panama Canal

The Port of Miami says that its share of throughput from Asia is expected to rise to 50 percent from 35 percent.

Russia's Energy Minister says Nation Can Compete With OPEC

Aleksandr Novak joins other Russian oil experts in downplaying OPEC strategies.

Scorpio in Talks to Finance Its 60th Newbuild Bulker

The company has announced that it is in talks with a European financial institution and final commitments will be secured by 2015's Q4.

BW Pacific Launches Oslo IPO to Fund Newbuilds

The move expected to gain the company $250 million through the issuance of 48.7 million new shares.

Diana Shipping Acquires Capesize Dry Bulker

The move comes amid a challenging market suffering from a glut of vessels.

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