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Russia: 30% of Crude Oil Exports to be Asia-Bound by 2020

Alexander Novak, Russia's energy minister, says the country is intending to grow its crude oil exports toward Asia, diversifying away from the west.

South Korean Firm Wins Lloyd's Register AIP for LNG Bunkering Vessel

Computer rendering of the LNG Bunkering vessel South Korea-based\u00a0STX Off

China to Launch New Oil Futures Contract, Could Seize Control of Oil Prices

The new contract is expected to debut on the Shanghai International Energy Exchange as early as October.

U.S. Bunker Spill Much Larger than Initially Thought after Vessel Sinks

The Tango, a fishing boat that sank at the Port Orchard marina, is reported to have spilled "far more" bunker fuel and oil than originally thought (file image)

New Sponge Technology Developed to Clean Ships' Exhaust Emissions

The technology involves involves a large spinning steel sponge that purportedly acts as a separator.

Morgan Stanley: VLCC Crude Storage Becoming More Attractive

Morgan Stanley says floating storage with time charter rates at $35,000-40,000 per day are possible, "even at VLCC rates."

Exchange Rate, Competition Cuasing Russian Bunker Price Volatility

Some suggest that if low bunker prices continue, some small suppliers in St.Petersburg will be forced out of the market.

Commercial Ships of 2030 Will Be Smarter, Greener, and have Flexible Powering Options

In particular, maritime autonomous systems are expected to impact maritime security significantly.

Bunker Price Slide Offering Little Relief as Narrowing Margins Mean Carrier Lines Face Tough Fourth Quarter

Box shipper's operating margins fell to 2.4 percent in the second quarter from 5.3 percent in the first quarter

Port Stakeholders Receive Training on LNG Bunkering Safety and Awareness

GTI says, together with Florida State College at Jacksonville Fire Academy of the South, it trained 150 area stakeholders on LNG awareness.

IBIA to Hold Bunkering Forum Focused on Mauritius

IBIA chief Executive Peter Hall praised the country for having great potential to develop into an international bunker supplier hub.

Nigeria Tanker Ban Permanent, but Rates and Trading Said to be Unaffected


NABU Emissions Study Not Science, says Cruise Ship Association

CLIA says cruise companies are leaders "in making substantial investments in environmental protection technologies and the promotion of responsible policies.

West Coast Port Gains New $4.5 Million Oil Spill Vessel

WCMRC says the G.M. Penman has a top speed of 26 knots, an infrared camera, and a skimming capacity of nearly 33 tonnes per hour.

Experienced Trader Joins BMS United Bunkers in Piraeus

BMS United Bunkers has a team of more than 40 traders BMS United Bunkers Thur

Panama Canal Authority: Repairs to Cracked Locks Will Not Delay April 2016 Opening

Javier Carrillo of the ACP says that set backs, such as the crack in the locks, had been expected as part of the testing process.

Bunker Testing Agency Set for Expansion

Seahawk Services says it will open a second marine fuel testing laboratory this October in the New York Harbor area.

Swedish Club Calls for Extra Vigilance in Singapore Straits

The Swedish Club advises Officers and Crew to be extra vigilant The Swedish C

Shipping Industry "Increasingly Convinced" Over Wind Power for Commercial Ship Propulsion

The organization was a finalist for initiative of the year, while member Norsepower Oy was named for energy efficiency and as one to watch.

Singapore Carrier's New Eco-Vessel Generates 6 Tonnes Per Day of Bunker Savings

The ship is also equipped with Australia-based ABB's fuel consumption optimization system.
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