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OPEC's Cutback Efficacy Questioned Prior to Vienna, Analyst Describes Its Medium Term Pricing Power as "Zero"
OPEC's Cutback Efficacy Questioned Prior to Vienna, Analyst Describes Its Medium Term Pricing Power as "Zero"
However, other analysts say at least the cartel won't be harmed by the proposed sale of U.S. reserves.
25 May 2017
Crude Prices Dip Despite "Almost Certain" Oil Cuts Extension
Crude Prices Dip Despite "Almost Certain" Oil Cuts Extension
One analyst warns that further market disappointments may occur later this week.
24 May 2017
IEA: Shipping "Not on Track" for 2025 Emission Reduction Targets
IEA: Shipping "Not on Track" for 2025 Emission Reduction Targets
"Implementing IMO's final GHG strategy only by 2023 will have very little impact on the possibility of meeting 2025 2DS targets," says IEA.
24 May 2017
Gazpromneft Marks 10th Season of Bunker Supply to Royal Caribbean Cruises
Gazpromneft Marks 10th Season of Bunker Supply to Royal Caribbean Cruises
During the 2017 summer season, Gazpromneft says the cruise operator will receive up to 45,000 tonnes of bunkers.
24 May 2017
Stolt-Nielsen Orders Two Small-Scale LNG Ships with Bunkering Capabilities
Stolt-Nielsen Orders Two Small-Scale LNG Ships with Bunkering Capabilities
Stolt-Nielsen says the two vessels will also be able to operate on either diesel or LNG as fuel.
24 May 2017
Norway to Provide Financing for BWM and 2020 Retrofits
Norway to Provide Financing for BWM and 2020 Retrofits
Export Credit Norway says as many as 60,000 vessels will need to be retrofitted scrubber systems by 2020 and ballast water treatment systems by 2021.
24 May 2017
Titan LNG Claims Doubled Speed for LNG Bunkering
Titan LNG Claims Doubled Speed for LNG Bunkering
Titan LNG says it bunkered the Fure West on Friday using equipment that draws the flow from two trucks into one bunkering hose, known as the T-piece.
24 May 2017
Scorpio Tankers Inks Merger Agreement with Navig8
Scorpio Tankers Inks Merger Agreement with Navig8
The agreement will see Scorpio Tankers acquire Navig8's 27 operating product tankers.
24 May 2017
World's First LPG-Fuelled COGES Ferry Design Meets HAZID Requirements
World's First LPG-Fuelled COGES Ferry Design Meets HAZID Requirements
Meeting HAZID requirements is a key milestone in ensuring the final success of the LPG COGES ferry design process, says GE.
24 May 2017
More Rumours of OPEC Agreeing to Extension Mitigated by Goldman Sachs Warning of 2018 Glut Resumption
More Rumours of OPEC Agreeing to Extension Mitigated by Goldman Sachs Warning of 2018 Glut Resumption
The real problems will begin when the extension draws to a close, says Goldman Sachs.
24 May 2017
Trump Reserve Selloff Proposal Raises Security Concerns but Backed by Analysts Who Forecast Oil Demand Plummeting
Trump Reserve Selloff Proposal Raises Security Concerns but Backed by Analysts Who Forecast Oil Demand Plummeting
Others note that selling oil bought for just over $29 per barrel at today's prices is a wise business move.
24 May 2017
Aegean Q1 Revenue Doubles as Bunker Sales Volume Rises 5.6%
Aegean Q1 Revenue Doubles as Bunker Sales Volume Rises 5.6%
"Our results in the quarter were impacted by increased competition across operations and continued challenging market dynamics," says Aegean's President.
23 May 2017
World Fuel Services to Highlight Marine Fuel Issues at Nor-Shipping
World Fuel Services to Highlight Marine Fuel Issues at Nor-Shipping
Topics include MFMs in Singapore, 2020 global regulations, fuel and lube choices, and working with a strong counterparty within the marine environment.
23 May 2017
Update: Newly Christened Ferry Hailed as "One of the Cleanest Operating in American Waters"
Update: Newly Christened Ferry Hailed as "One of the Cleanest Operating in American Waters"
The vessel, known as Lunch Box, is powered by two EPA Tier III certified Baudouin 6M26.3 main engines.
23 May 2017
Naming Ceremony Marks First European-Built LNG Bunker and Distribution Vessel
Naming Ceremony Marks First European-Built LNG Bunker and Distribution Vessel
The naming ceremony was held Monday for the 5,800 cbm Coralius.
23 May 2017
Oil Prices Rise as Talk of Longer, Deeper Cutback Consensus Grows
Oil Prices Rise as Talk of Longer, Deeper Cutback Consensus Grows
But at least one observer thinks Iraq could make an output cut extension difficult.
23 May 2017
Increased Iranian Output Capability and Venezuelan Woes Could Obliterate or Aid Saudi Claim of Market Rebalance
Increased Iranian Output Capability and Venezuelan Woes Could Obliterate or Aid Saudi Claim of Market Rebalance
Saudi's energy minister once again boosts the efficacy of the OPEC cuts prior to Vienna.
23 May 2017
Latest Arbitration Over Fuel Consumption Dispute Finds in Favour of MAN Refund to IM Skaugen
Latest Arbitration Over Fuel Consumption Dispute Finds in Favour of MAN Refund to IM Skaugen
The tribunal found that MAN should pay a total of approximately €5.3 million, as well as around €1.4 million for IMS' legal and other costs.
22 May 2017
Europort 2017 to Feature Masterclass on EU MRV and Vessel Efficiency
Europort 2017 to Feature Masterclass on EU MRV and Vessel Efficiency
The masterclass is part of a series at Europort 2017 that is intended to enable knowledge and experience sharing on key topics facing the shipping industry.
22 May 2017
Poseidon Med II Project Sees LNG Bunkering Discussion in Patras
Poseidon Med II Project Sees LNG Bunkering Discussion in Patras
LNG as an eco-friendly fuel in Patras is said to have been the focus of discussion during an event held at the Greek port city on Friday.
22 May 2017
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