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NuStar Reports Fuel Sale Revenue Continued its Decline in Q2 for 2015

NuStar released its second quarter results for 2015, showing a continued decline in revenue from fuel sales but an almost $3 million increase in earnings.

Oil Slump Has Caused $200 Billion in Spending Delays: Wood Mackenzie

Over 45 projects worldwide are affected by oil and natural gas producers' reluctance to invest.

India Reduces Customs Duty on Bunkers

India's Ministry of Finance Friday announced that it will be reducing the customs duty on bunker fuels in order to support economic growth.

Small Bunker Spill Reported After Bulker and Tanker Collide Off Shanghai

General cargo ship Jiang Xia Xiang Thursday capsized after collision with tanker Bai Chi in the Yangtze River.

Construction of Kerala Bunkering Facility Progressing

The government has revealed plans to shift 20 percent of road shipping to marine shipping.

No Sale for Singapore's NOL, Says Drewry

A lack of suitable buyers, unattractive assets, and no real urgency for a cut price deal mean a sale is unlikely.

$210 Bunkers on the Horizon? Oil Prices are "Headed to $40 Before we go to $60 Again" says Analyst

Crude has also broken its 200-day moving average and one analyst predicts a return to the lows of 2015 is underway.

Crude Futures Continue on a Downward Trend

Data that surfaced Friday indicated that U.S producers ramped up drilling activity last week adding 21 rigs to production.

Ardmore Takes Delivery of Eco-Vessel

The Ardmore Chinook is the thid of four ships being delivered this year from Fukuoka Shipbuilding.

New London Cruise Terminal Receives Approval

Plans for the London City Cruise Port, set to be located in Greenwich, London, have been approved by the local planning authority.

CMA CGM Takes Delivery of its Largest Containership, and the Biggest Ever Built in China

CMA CGM Vasco de Gama is the third in a total of six 18,000 TEU box ships for CMA CGM, and will sail under the UK flag.

Lukoil Supplying Bunkers for Seaport Project

Sabetta seaport will be used to transport LNG from the $27 billion Yamal LNG plant, which is also under construction.

Scorpio Tankers Sells Remaining Stake in Dorian in Second Share Sale Within a Week

Company has announced that it has agreed to the sale of its last remaining 3,392,083 common shares of Dorian LPG.

Sri Lanka Looks at Naval Base for Hambantota as Second Development Phase Gets Underway

A feasibility study will determine the outcome of the underused Sri Lankan facility.

OPEC to Maintain Output Ceiling

Alongside July's dropping prices, OPEC says it intends to continue its high output in order to defend its market share.

Lithuanian Shipping Company Initiates Bankruptcy Proceedings - Then Withdraws Them

Lithuania's Prime Minister said Friday that LSC will receive a €30 million loan from SEB bank, allowing LSC bankruptcy proceedings to be terminated.

Singapore's Highest Oil Product Inventories Since 1999 a Sign "Markets are Struggling with Supply Glut"

Singapore oil product stocks have reportedly reached the highest they have been since at least 1999.

New Money Means Tanker Market has Too Many Ships and Shipowners

"Now we're in a situation where it cannot continue any longer," says Concordia Maritime CEO Kim Ullman.

Gener8 Maritime: Bunker Savings Potential Buoys Wall Street

Based on bunker prices of $350/mt, savings of $48.2 million per year across its 21 eco-VLCCs are possible, says Jefferies.

Another Russian Port Posts Improved Bunker Sales

Yeysk port, based in Krasnodar Territory on the Azov Sea, says H1 says were up almost 21%.

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