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Iranian Seizure of Singapore Owned Maersk Tigris Due to Cargo Dispute

Maersk says it was ordered to pay $3.6 million by an Iranian court on Thursday after decade-long dispute over 10 shipping containers.

Tanker Market Making Extended Earnings Run In 2015: BIMCO

The association says rate averages posted in Q1 have not been seen since 2008.

Russia Developing Bunkering, Port Infrastructure For NSR

Officials hope that the developments will boost port business development in the region.

Lukoil Resumes Bunkering Operations in Yaroslavl

Lukoil-subsidiary Lukoil-Bunker said that its first three operations had occurred on April 27.

Port of Gothenburg Launches Oil Spill Robot

An automatic and unmanned watercraft will tow a plastic boom out to the water in case of an oil spill.

Alfa Laval Patents Scrubber Wash Water Cleaning Process

The PureSOx H2O water cleaning unit removes soot from the scrubber's circulation water when it is operating in closed-loop mode.

Reports: Dynamic Oil Trading's Former CEO Lars Møller Starts New Singapore-Based Business

Dania Trading is understood to be offering brokerage and maritime consultancy services with a focus on Asia.

Weekly Vessel Scrapping Report: 2015 Week 17

Weekly Vessel Scrapping Report: 2015 Week 17

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from Apr 23 - Apr 29, 2015.

Crude Futures on the Rise

We advise buyers to protect themselves and buy bunkers sooner rather than later so as not to be exposed to the continual escalation of oil prices.

South Korea Announces "Exciting Plans" to Develop LNG Bunkering Facility

Busan New Port will see a LNG bunkering facility developed by 2018.

Analysts: "Stellar" Start to Tanker Market in 2015, and 2016 Looking Better than Previously Expected

Arctic's updated rate forecast is an average VLCC rate of $50,000 per day in 2015.

DSME Releases Over 100 LNG Shipbuilding Patents

Daewoo reportedly spent about $47 million developing the technologies.

Seaspan: Fuel Saving Vessels in High Demand Despite Significant Drop in Bunker Prices

"Our core focus will be remaining on designing, owning and chartering large modern fuel-efficient containerships," says CEO Gerry Wang.

Dan-Bunkering Expands With Second US Office

The company has opened a second office in Stamford, Connecticut.

Scorpio Bulkers Unloads 10 Newbuilds for $401 Million

Announcement follows December sales call of four Capesize newbuilds

Low Bunker Prices Help CSCL Triple Profits

The Chinese box carrier reports a 306 percent year-over-year net profit to $40 million.

Report: Asia Pacific to Dominate Lubricant Market By 2016

Lubricants are following the same trends seen in the shipping industry.

Benchmarks Rise as Cushing Sees First Draw on Crude Stocks in Five Months

Supporting the climb was a smaller than expected rise in US crude inventories stocking the fire that demand is growing.

EU to Provide $10.5 Million Funding for "Big Data" Project to Improve Shipping Efficiency

"There's no doubt that this project is ground-breaking and holds a high potential for innovation," the EU was quoted as saying about the project.

Iran Seizes Singapore-Managed Maersk Container Ship In Persian Gulf

Maersk Tigris had been following normal commercial route, says Rickmers Shipmanagement.

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