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Gulf Petrochem Planning $80 Million Fujairah, East Africa Storage Expansion

Gulf Petrochem is planning an $80 million investment over the next year to expand its fuel storage capacity in Fujairah and East Africa.

Crude Futures Continue on a Slippery Slope

Falling equities in the stock market coupled with weaker Chinese economic data kept commodities in the red.

Regional Bunker Companies Struggling as Top 10 Players Increase Market Share

"In 2005, the ten biggest bunker companies controlled around 20-25% of the market. Today that's over 50%," a UK-based analyst tells Ship & Bunker.

Deutsche Bank Bullish on Dry Bulk Recovery Starting in November

The view is in deep contrast to majority consensus for the troubled sector.

SCI Says Strong Q1 Results Won't be Sustainable

SCI notes that it has benefited from falling bunker costs which saved the company $52.78 million in 2015.

China, Greece to Invest in Five Arctic LNG Carriers

The vessels will ship LNG from the Yamal project.

ENOC Mull Next Steps for Expansion in "Key" Singapore Market

A number of ENOC's high level executives traveled to Singapore to evaluate business growth and expand the company's footprint.

Shipping Confidence Begins Improving in Second Half of Year

May 2015 had previously seen confidence sink to all-time lows.

Bunker Holding Aims To Be The Largest Bunker Company in the World

"One could easily imagine that one or two companies will come under our umbrella in the coming period," says Bunker Holding CEO Keld Demant.

Japanese Dry Bulk Operator Denies Bankruptcy Rumours

Daiichi Chuo has struggled financially in recent years.

Petrobras Deploys 2 New Barges

MV LUIZ REBELO II in now operating from the port of Rio de Janeiro, while OSM XVIII, based in the port of Santos.

Aerial Survey Underway for Nicaragua's Panama Canal Alternative

The $50 billion canal project is expected to receive final survey reports by March 2016.

TOTE: LNG Bunkers Are the Answer to Oil Price Volatility

LNG reportedly has the benefit of being in abundant supply and having fairly stable prices.

New Software Aims to improve Fuel Efficiency, Reduce Unnecessary Maintenance

The software was developed by a UK-based James Fisher Mimic and Lancaster University.

Singapore, United Kingdom, UAE Looking to Benefit as Tsipras Win Puts Pressure on Greek Shipping

A newly elected Greek coalition government led by Prime Minister Alexis Tsipras is said to have put the country's shipping industry on watch for new taxes.

Crude Firms After Yesterday's Selloff

However, broader equities slumped throughout most of the day on concerns of slowing growth in the global economy.

Bulk Carrier to Be Debunkered After Running Aground

The Swedish Coast Guard says a bulk carrier was in the process of being debunkered after the vessel ran aground off the coast of Varberg Saturday night.

Cepsa Unveils 3 New Emissions Focussed Marine Lubes

"These new lubricants come at a time when there are new fuel qualities available and ships," says CEPSA.

Weekly Vessel Scrapping Report: 2015 Week 38

Weekly Vessel Scrapping Report: 2015 Week 38

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from September 17 - September 23, 2015.

Hapag-Lloyd: Box Ship Size Reaching the Limit of What Makes Economic Sense

CEO Rolf Habben-Jansen said that bunker savings potential is getting smaller as ships grow larger.

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