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Total to Sell Nigeria Oil Stake to Sinopec

President Upstream at Total says the $2.5 billion cash deal is aligned with it's active portfolio management.

ILA is Uncompromising, says USMX

ILA says its "resolve remains strong" as the negotiation deadline fast approaches.

US Markets Quiet on Thanksgiving Holiday

Many ports in South America stayed on a firming trend and made small gains.

Rotterdam Bunker Prices Remain Steady

Over the last week IFO380 in the port has a change of just $-1.00 and a spread of $2.50.

Bunker Prices Soft in Asia

But IFO380 in Singapore and Busan go against the grain adding $1.00 today.

Polish LNG Terminal a First for Region

European Investment Bank is paying $174.2M for the project to support energy security in EU.

Global Reefer Rate Rise Despite Investment in Energy-Efficient Vessels

APL says rates are currently at unsustainable levels, and it faces escalating operational costs.

Shipowner Says Eco Ship Savings are Exaggerated

"We do not consider the benefit of an eco ship to be in the degree that the yards are trying to present it to be," Diana Shipping president says.

Brightoil Announces Shake Up for Trading, Bunker Business

New execs "will work together closely after the reorganisation of the international trading and bunkering team."

Brightoil Confirm Head of Trading Quek Chin Thean Exit

Company says shake up part of a strategic reform of its Fuel Oil International Trading and Bunkering Business.

Newbuild is First Malaysian Ship with Ballast Water System

New Shinline cargo vessel was built by the Shin Yang shipyard for use on Asian shipping routes.

Americas Bunker Prices Soft in the North, Firm in the South

Markets saw generally small movements with exceptions that included IFO380 in Montevideo and San Francisco.

Hong Kong Urged to Take Swift Action to Curb Ship Emissions

Better control of ship emissions "badly required," according to a Civic Exchange leader.

Bunker Prices Drop in Europe, Middle East

With the exception of a few small gains for distillate fuels, prices were down in both regions.

Glencore-Xstrata Merger Moving Forward

Resulting company would have $70 billion market cap, and a leading position in multiple industries.

Mid Week Bunker Prices Lack Direction in Asia

IFO prices were steady to soft while distillates generally made gains of around $5.00

Brightoil's Head of Trading Resigns

Sources say the former BP man Quek Chin Thean is the latest and most senior executive to leave the fuel oil trader.

CMA CGM Vessel Efficiency Boosts its Bottom Line

The Group says it expects to end the year with "a substantial profit."

WFS Declares its Regular Quarterly Dividend

The quarterly cash dividend of $0.0375 per share will be payable on January 4, 2013.

Maersk Tankers Exits Handygas Segment

Firm to sell all 11 of its vessels to UK-based Navigator Gas for an undisclosed sum.

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