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Iran: Emergency OPEC Meeting May Be "Effective" for Oil Price Stability

Iran says it endorses a meeting to stabilise oil prices, but reports say such a meeting is unlikely unless Saudi Arabia is in favour.

Tanker in Dispute With Singapore Bunker Player to be Sold at Auction

The Supreme Court of Singapore says the chemical tanker, Imbak, has $32,128 worth of bunkers on board.

Crude Futures Firm, but WTI Stays under $40/bbl

There is much anticipation for official EIA data tomorrow as significant builds in U.S. stock could cause crude futures to fall even farther.

Reports: Sri Lanka Sees June Bunker Sales Double

Despite weak petroleum prices, Sri Lanka is reported to have seen a sharp growth in the country's bunker fuel sales.

Bunkers on Sunken Vessel Make For "Ecological Time Bomb" off New Zealand's Coast

The RMS Niagara, which sank off of New Zealand's coast 75 years ago, is said to pose an environmental threat as the vessel deteriorates underwater.

MISC to Divest 50% Shareholding in VTTI

MISC says an agreement has been signed with VIP Terminals Finance to divest its 50 percent issued share capital of VTTI B.V. for $830 million.

IMO Fuel Availability Study: French Media Question Nomination of Oil Major Employee as Country's Representative

Article published by Mediapart questions France's decision to appoint Franck Chevallier, an employee of the oil company Total, as representative at IMO.

U.S. Appeals Court: Bunker Suppliers Can Hold Valid Maritime Lien Despite "No Lien" Clause

A U.S. Appeals Court found that a bunker supplier may still be able to arrest a vessel even if there was a "no lien" clause and stamp.

Hapag-Lloyd Expected to Target September IPO

Industry speculation originally pegged the IPO for late 2015 or in 2016.

Dry Bulk Shipping Market Making Improvements Despite Persistent Challenges, says Shipowner

Dry bulk shipowners reportedly experienced a modest comeback this summer due to slowing dry bulk fleet growth, increased demand for dry commodities.

Singapore Bunkers Swing to 10 Year Low as Global IFO380 Prices Approach $200

Global IFO380 prices in other primary bunkering ports all took similar swings into the red.

OPEC: Still No Production Cuts Despite Growing Concerns Amongst Gulf Members

Oil prices will remain volatile... but they will recover," says an OPEC delegate from a Gulf oil producer.

Armed Attackers Target Six Ships Near Singapore in 30 Hours

However the attacks were unsuccessful, with no loss of cargo and no crew members harmed.

Heavy Losses for Crude as WTI Closes Under $39/bbl

Bunkers were soft today in the primary ports but owners and operators are waiting for the dust to settle before filling up their ships.

Setback for Panama Canal Expansion as Locks Leak After Crack Develops

Neither GUPC, or ACP has yet commented on how the development could impact the project's currently planned April 2016 completion date.

Aegean Looking to Grow as Keith Richardson Heads Up US West Coast Operations

"The move has been in the works for a while now," Richardson tells Ship & Bunker.

Former Altor Exec Behind OW Tanker Purchase

Denis Viet-Jacobsen, former OW board member and leading partner in Altor Equity Partners until 2010, has been confirmed among Alba Tankers' investors.

Dry Bulk Survey: Majority of Industry Players Say Recovery is at Least 3 Years Away

73% of shipowners say the market needs 3-5 years to recover.

Low Bunker Prices Mean ECO Ships Have "Marginal" Impact in Current Dry Bulk Market

A Platts survey finds lower bunker prices limit the fuel savings that modern tonnage can provide over less fuel efficient vessels.

COSCO Revenue Slides on Reduced "High Risk, Low Margin" Marine Fuel Activities

The company's bunker trading unit has been actively cutting down on high-risk activities.

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