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Gazprom HFO Output Drops 13 Percent in First Quarter

Weak crude and oil product prices led overall sales to decrease to $7.6 billion.

Dan-Bunkering: New Chief Representative, Relocations in Shanghai

Dan-Bunkering announce relocation of Alex Qin and Yong Geng to the Shanghai office from Middlefart, with Qin as the new Chief Representative in Shanghai.

Imtech Marine to Deliver Systems for CMAL's Third Hybrid Ferry

CMAL's third hybrid ferry will also have a remote fuel monitoring system.

CSCL: Widened Suez Canal Will Save Time and Money

The canal upgrades are expected to create cost savings of $60,000-$70,000 per ship.

ECA Operator DFDS Achieves Highest-Ever First Quarter Operating Profit

The company has also turned around its money-losing English Channel route.

DNV GL: Solid First Year Financials as a Combined Company

Revenues as a combined company were up 10 percent, while profit also rose to NOK 1,007 million.

Bunker Prices and Operational Efficiencies Help ZIM to "Sharp Improvement" for 2015 Q1

ZIM says its return to profit stems directly from implementing company initiatives, improvement of operational efficiencies, and lower fuel prices.

VTTI to Start Second Phase of Malaysia Storage Terminal

The second phase, set to begin on August 1, will boost the terminal's capacity by nearly 30 percent.

MOL's Fuel-Saving Propeller Boss Cap System Reaches "Major Milestone"

The device has been ordered for 3,000 vessels worldwide.

Cargill: No Plans to Exit Singapore, China Fuel Oil Market

Rumours had previously speculated that the company was restructuring its oil trading portfolio.

Canal to Bypass Straits of Malacca and Singapore "Hard to Justify"

Seatrade Global editor Marcus Hand argues that development of the Kra Canal faces economic, political, and geographic difficulties.

Norwegian Cruise Ship Runs Aground After Sudden Loss of Power

The ship was floated off at high tide later with no injuries.

EMSA: Spot Checks Show 94% Vessel Compliance with ECA Rules in European Waters

"It is increasingly important for fuel buyers to understand what they have on board," says UK supplier GEOS Group.

Carisbrooke Shipping Opts for Hull Coatings in Bid to Reduce Bunker Consumption

The move was said to be "a milestone for both companies and demonstrates continuous improvements to the fleets' performance."

Big Gains for Crude Futures

The U.S dollar saw downward pressure compared to other currencies making commodities more affordable for people of different monetary holdings.

GAC Eyes Growth Opportunities in the Cruise Market

The firm has hired Fergus Poole as its new Cruise Manager, says it is in a great position to grow and enhance its support for the sector.

Reports: Hin Leong Looking to Sell Stake in Singapore Storage Terminal Business

While Hin Leong has not itself commented on the news, it is said to be considering selling a $500 million stake in the Jurong Island terminal.

Scrubber Orders Seen as a "Vote of Confidence"

AEC Maritime says it has received orders for eight ships so far this year.

Weekly Vessel Scrapping Report: 2015 Week 20

Weekly Vessel Scrapping Report: 2015 Week 20

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from May 14 - 20, 2015.

New Hire for KPI Bridge Oil in Seattle

"Daniel has advantageous knowledge of the maritime industry and its needs," says KPI Bridge Oil.

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