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Russia Agrees Oil Price Stabilisation Initiatives With Venezuela, Willing to Further Talks with OPEC

The measures are said to be aimed at pushing prices up to $70 per barrel in the coming months.

Drewry: Fleet Growth Will Put Product Tankers Profits Under Pressure

The annual report from Drewry suggests that a growing fleet will negatively impact earnings in product tanker sector over the medium term.

Shipping Industry "Increasingly Convinced" Over Wind Power for Commercial Ship Propulsion

Wind propulsion initiatives are up for three awards at this week's Ship Efficiency Awards.

MOL Testing New Bunker Saving Windshield

MOL says the new containership windshield has the potential to reduce wind resistance, save fuel, and reduce CO2 emissions.

MXO Expands Physical Bunkering Operations

Oman Oil Matrix Marine Services will provide an additional barge at the port of Sohar to supply RMG 380 and MGO.

New ECA Fuels Barge for ExxonMobil in Singapore

ExxonMobil says it has taken delivery of a new 2,500 tonne barge, intended to deliver ECA compliant MGO in Singapore.

Bunker Testing Agency Set for Expansion

New Jersey-based Seahawk Services says it is set to open a second marine fuel testing laboratory this October in the New York Harbor area.

Swedish Club Calls for Extra Vigilance in Singapore Straits

"These latest attacks differ as they were perpetrated on larger vessels that were underway in the Singapore Straits," the marine insurer says.

Panama Canal Authority: Repairs to Cracked Locks Will Not Delay April 2016 Opening

Javier Carrillo says the ACP had expected such setbacks to occur during the testing phase and had included extra time in the project schedule for repairs.

OPEC Will be the Winners of 2015's Oil Price War

Some say OEPC could be set to win the current price war if supplies by producers outside OPEC contract by the expected 200,000 bpd in 2016.

GAC Opens Sixth Brazilian Office

The new office will serve the port at Recife and the Port of Suape.

West Coast Port Gains New $4.5 Million Oil Spill Vessel

The new addition in Vancouver is said to have a top speed of 26 knots and has a skimming capacity of nearly 33 tonnes per hour.

Experienced Trader Joins BMS United Bunkers in Piraeus

Maria Karagianni has more than 26 years of experience within the Industry, having spent most this time with BP.

Cockett Marine Oil Group Opens New Office in Rotterdam

"We now have a direct presence for our reselling segment in this region," says Cem Saral, Director – EMEA, Cockett Marine Oil Group.

New Trader Joins Gulf Petrochem Group

Deepak Dharwal will focus on sales and marketing of marine fuels in the region.

Crude Edges Up After Falling Back From Heavy Early Gains

Brent contracts for October delivery settled up $0.18 cents per barrel while WTI October contracts firmed $0.50 cents by the end of trading day.

Weekly Vessel Scrapping Report: 2015 Week 35

Weekly Vessel Scrapping Report: 2015 Week 35

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from August 27 - September 02, 2015.

Iran: OPEC Members Think $70-$80 Crude Would be "Fair"

Iran has committed to ramping up production to regain market share.

"Good Times Ahead" for Product Tankers as Low Bunker Prices Allow For Massive Route Detours

Tankers moving diesel and jet fuel are taking advantage of low bunker prices to undertake better paying diversions around South Africa.

BIMCO: Shippers No Longer Under Pressure to Save Money on Bunkers

But the bunker savings from low prices "will not necessarily benefit the company," BIMCO says.

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