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"World's Most Advanced" Cable-Laying Vessel Cuts Fuel Consumption 27%

"It will also improve operational efficiency and customer focus," says ABB.

Booming Tanker Market Set for Best Q4 in Years, Say Analysts

Cheap bunkers and a glut of cut price oil means lower operational costs and more demand for oil transportation and storage.

Wide Margins for Box Shippers Due to Cheaper Bunkers Not Expected to Last

Drewry said that falling freight rates are likely to take their toll on financial results.

Lanka IOC Requests Tax Concessions for Bunker Business

The company said it was facing stiff competition from Indian operators.

Floating Storage on the Rise as Singapore Sees Record High Fuel Oil Stocks

Record high stocks and a slowing demand for fuel oil are encouraging traders to temporarily store increasing amounts of fuel oil in tankers.

Nordic Tankers Signs Agreement with Marorka for Online Fleet Efficiency Solution

Marorka says Nordic Tankers says has signed on for a yearly subscription of its Marorka Online, a fleet energy management dashboard.

WTI Starts the Week Up 4%, Brent Up 2%

However, this rally most likely wont be carrying momentum.

Massive Bunker Leak at Pearl Harbor

Sources say that a 5 million gallon subsurface oil plume has collected over the years near Halawa gate at the naval base at the U.S. port.

Maersk Line: More ULCVs Coming "Like It or Not"

Michael White, President of Maersk Line North America, says big container ships are "necessary" and "here to stay."

BIMCO: Room for Optimism Despite Depressed Container Market

Peter Sand, Chief Shipping Analyst at BIMCO says the U.S. East Coast will become a new "battlefield" for box shippers.

Bunkering Suspended After Copec Declares Force Majeure in Chile After Earthquake

A tsunami alert had reportedly been issued to Chilean ports and terminals on Wednesday.

TOTE Unifies Subsidiaries Under New TOTE Maritime Name

Sea Star Line and Totem Ocean Trailer Express will now be known by the new name,

Troubled Bunker Supplier Loses Loan Funds

Andatee China Marine Fuel Services Corporation says it received a notice of default on September 3.

Aegean Renews its $1 Billion Borrowing Base

Lenders give the marine fuel logistics giant improved terms.

Iran 2016/17 Budget Set With Oil at $42 to $50/bbl

However Iran has called on fellow OPEC members to cut production in order to lift prices to a "fair" level of $70-80/bbl.

China Fuel Oil Imports May Decline by Nine Percent in 2016

Declines in bitumen imports and fuel oil demand for shipping were also reported.

Iran Ramping Up Oil, Product Export Activity Ahead of Sanctions Lift

Reports indicate that companies and entities from South Korea, Iraq, and Austria are poised to increase Iranian oil imports.

Milestone Claimed for First Vessels with Fuel Saving X-STERN Hulls

Yno 309 and 310 are the first vessels to feature the X-STERN design.

Delivery of Latest Fuel Saving SAVER Design Vessel Boosts Seaspan Fleet to 84 Vessels

Maersk Guayaquil is the first of a planned two 10,000 TEU capacity SAVER design vessels to be chartered to Maersk Line by Seaspan.

Proposed Summit Between OPEC and Non-OPEC Producers Aiming For Minimum $70 Oil

"If we go to a price war, it is obvious that the low-cost countries will have certain levels of gains," says Venezuelan Oil Minister Eulogio Del Pino.

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