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Genoil Announces $50 Billion LOI for Desulfurised Fuel Project in Russia

The project is said to cover the production of 3.5 million barrels per day.

Crude Soft, OPEC Output at Record High

Bunker prices were softer in the primary ports.

Weekly Vessel Scrapping Report: 2016 Week 44

Weekly Vessel Scrapping Report: 2016 Week 44

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from November 3 – November 9, 2016.

Maxcom Begins Sales of ECA-Compliant RMD80 at German Ports

Maxcom says the new offering will be priced approximately $25/mt less than DMA.

ECSA: EU Must Use Current Momentum to Ensure IMO CO2 Road Map Works

ECSA says it facilitated a briefing session in the European Parliament on the Road Map Wednesday morning.

A Lack of Compliant Bunkers Could Lead to Widespread Noncompliance Post 2020, But Not Necessarily Fines

Nonavailability clauses could leave operators able to burn otherwise noncompliant fuel.

Analysts Worry That Trump Win Puts Pressure On Opec Deal

They also think he'll slow the global economy, alienate key Middle East nations, and lower oil demand.

Trump Win a Huge Boost For US Oil Sector; Hamm Says Energy Independence Now a Genuine Possibility

The underdog Republican is expected to claw back many environmental regulations blocking industry progess.

Lower Bunker Prices, Consumption Push Finnlines to Record Results

During the January-September 2016 period, Finnlines achieved a result of €60.9 million - an approximately €20 million year on year improvement.

Baltic Sea Strategy Forum Focuses on Clean Shipping and Ports

BPO says clean shipping and ports were the main topics discussed at the event, which was held in Stockholm on November 8 and 9.

Crude Up After Early Loses

Bunker prices were soft to start but firmed throughout the day.

ARB Issues Advisory on California's Updated At Berth Regulation Implementation

From January 1, 2017 vessels will be required to use shore power and reduce emissions by 70 percent, up from the current required reduction of 50 percent.

Panamax Bulk Carrier Arrested in Singapore

The 79,200 DWT Mega Star was detailed following action taken by local law firm Rajah & Tann Singapore LLP.

Shell Highlights New Marine Products at Indonesian Lube Plant

Shell's newest LOBP is now producing 99 different products, including new marine lubricants Shell Argina, Shell Gadinia, and Shell Melina.

SEA-Vista Takes Delivery of Newest Eco-Friendly LNG-Ready Tanker

General Dynamics NASSCO says the sixth in a series of eight eco-friendly tankers was delivered to SEA-Vista in San Diego on Tuesday.

Klaipėdos Nafta Receives Approval for Funding Toward LNG Bunkering Project

INEA has approved €4 million in funding from CEF toward Klaipėdos Nafta's Baltic Sea LNG project, which includes the development of LNG bunkering.

OPEC Downgrades Oil Price Forecast, Says Demand Could Peak Within 15 Years

OPEC makes the prediction despite conventional automobiles set to double globally in 20 years

Mumbai Port Trust Sees "Huge Potential for Bunkering" with New Facility

The Mumbai Port Trust says it expects bunkering business to grow from 200,000 tonnes to 1.925 million tonnes by 2034.

Some Major Bunker Markets Do Not Have Refining Capacity to Offer Enough Compliant Fuel Come 2020: IBIA

Those affected will have to rely on imports to maintain or grow volume, suggests IBIA.

Barkindo Warns of "Negative Consequences" of Not Curbing Output As OPEC Pumps Record Volumes

October production alone renders the cartel's proposed cutbacks meaningless, says Goldman Sachs.

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