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UK Bunker Player Boosts Supply Capacity

Geos Group says the move comes in response to its customers' need for a fast, flexible, and responsive bunkering service.

Wärtsilä, Boskalis and GoodFuels Marine Launch Marine Biofuels Program

The three companies are aiming to create a sustainable biofuel that is scalable.

India Plans Box Ship Bunker Tax Break

The bunker tax exemptions have been extended to ships carrying containers domestically.

Marshall Islands Says IMO's Climate Position is a Danger to the Planet, Shipping, and World Trade

Foreign Minister Tony de Brum criticised the IMO for misunderstanding or even misusing the evidence around shipping and GHG emissions.

Weekly Vessel Scrapping Report: 2015 Week 40

Weekly Vessel Scrapping Report: 2015 Week 40

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from October 1 - 7, 2015.

Crude Futures Soften Mid Week

Bunkers were mostly steady today in the primary ports as suppliers and purchasers are waiting for the dust to settle.

China Classification Society Rule Change "Favours Water-Based Lubes"

Thordon Bearings says that the classification society's new rules reduce shaft withdrawal frequency to every 15 years, from every 5 years.

TOTE Granted $900,000 MARAD Funding for LNG Conversion

The cooperative agreement between MARAD and TOTE will investigate the benefits of retrofitting existing vessels with LNG propulsion systems.

Court Gives Daiichi Chuo Kisen Kaisha Until February 2016 to Submit Rehabilitation Plan

The shipping firm will work with creditors and partners to settle $1 billion in debt.

d'Amico International Shipping Launches Two New Eco-Ships

Company says the addition of the two vessels, worth more than $62 million, bring the company's fleet to over 50.

Bunker Spill As Dutch Freighter Sinks After Collision with LNG Tanker

Flinterstar collided with Marshall Island-flagged tanker Al-Oraiq Tuesday morning off the Belgian Coast.

Two Ships Detained in Malaysia for Illegal Bunkering

An Indonesia-flagged ship was reportedly caught transferring fuel to a Vietnam-flagged ship.

Nigerian Authorities Detain Two Vessels Accused of Stealing Crude Oil

A ship and a tugboat were reportedly caught stealing 6,000 metric tonnes of oil.

AP Møller-Mærsk Calls Out European ECA Enforcement Bias, Other Issues

Head of Regulatory Affairs Niels Bjorn Mortensen said that compliance was "basically a piece of paper."

Pacific Basin Warns of More Financial Distress for Dry Bulk Players

Pacific Basin says that it expects more companies in the dry bulk industry to fall victim "financial distress."

Chemoil Sells Joint Venture Interest in Indian Bunker Player Chemoil-Adani

Chemoil-Adani Pte Ltd. will be renamed Adani Bunkering Pvt Ltd.

Calls for New Bunker Terminal, Tax Free Bunkers in Gujarat as Part of Maritime Infrastructure Developments

The state is also set to receive an integrated port management system, as well as a maritime cluster focused on soft services.

Brent Jumps 5% to Break $50.00 Ceiling

WTI contracts for November delivery firmed to 3 month highs settling up nearly 5% at $48.53 per barrel.

Marine Wind and Solar Power System Awarded Patent

"It will help clear the path towards full commercialization of the system," says Eco Marine Powers's Chief Technology Officer Greg Atkinson.

Asia VLCC Rates Reach Five-And-A-Half Year High At $100,000 Per Day

The trend was also mimicked in the West African market.

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