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OPEC to Maintain Output Ceiling

While oil prices have dropped again this month, OPEC is reportedly holding expectations for stronger demand.

Lithuanian Shipping Company Initiates Bankruptcy Proceedings - Then Withdraws Them

Lithuania's Prime Minister, Algirdas Butkevi\u010dius, says a €30 Million loan from SEB bank has allowed LSC to terminate bankruptcy proceedings.

Sri Lanka Looks at Naval Base for Hambantota as Second Development Phase Gets Underway

Hon.Minister of Port and Shipping Arjuna Ranathunga signaling to commence filling up of sea water to the basin of the port under the second phase of Hambantota Port.

Singapore's Highest Oil Product Inventories Since 1999 a Sign "Markets are Struggling with Supply Glut"

Singapore oil inventories are said to have surged for a second straight week, and indicate a "growing supply glut".

Crude Oil Continues to Fall

Crude oil continued it's fall today consistent with yesterday's momentum where EIA data stated there had been a 2.5 million barrel build in U.S crude inventories. Early in the day the U.S dollar softened on Greece's second reform news, this ultimately\u00a0 made crude oil cheaper for holders of other currencies. This, however, did not last long after the U.S Labor reports indicated that unemployment benefits in the USA had fallen to levels not seen sin

Carnival Announces "Significant Expansion" in Barcelona with New Cruise Terminal, Expanded China Fleet

A more than €30 million ($32.97 million) investment will reportedly be made for an additional private terminal at the Port of Barcelona for Carnival.

INTERTANKO "Protests in the Strongest Possible Way" to Nigeria Tanker Ban

Intertanko says that the Nigerian ban on 113 oil tankers is baseless and should be lifted immediately.

GTT Opens Singapore Subsidiary, Eyes LNG Bunker Market

GTT says it is a world leader in the design of membrane containment system for LNG transport by sea

Fiji Pushes to Ratify IMO's Bunker Oil Pollution Convention

Fiji's government want to enable the country to fully utilise compensation for pollution damage under the IMO Bunker Convention.

Rotterdam Reports "Extremely Significant" 50% Increase in Fuel Oil Throughput

The\u00a0Port of Rotterdam\u00a0has reported an an "extremely significant growth in fuel oil" throughput for the first half of 2015, which has risen by\u00a011 million tonnes, or 50 percent, compared to the period last year.\u00

Crude Sinks as US Inventories Rise by 2.5 Million Barrels

Crude prices sank today after official data showed crude inventories in the U.S had risen 2.5 million barrels for the week ending July 17th. Opening day for WTI front-month contracts declined by $1.17 per barrel pushing the NYMEX market well below $50.00 per barrel widening the spread between Brent and WTI. Rising crude inventories were not the only factor affecting crude prices\u00a0 today, the U.S dollar firmed making commodities traded in U.S curren

World Fuel Services Bags $14.5 Million MGO Supply Deal for U.S. Department of Defense

The deal will see WFS supply the fuel to the U.S. Army, Navy, Marine Corps, and federal civilian agencies in through April 30, 2019.

W\u00e4rtsil\u00e4: A Huge Number of Cruise Ships Will Use LNG Bunkers

President and CEO Rosengren has praised Carnival's recent order for four LNG powered cruise ships saying it is "exciting" for the market.

IMB: Attacks on Small Tankers in SE Asia Continue as Global Incidents of Piracy and Armed Robbery Rises 15.5%

Globally, IMB says that a total of 134 incidents of piracy and armed robbery against ships were reported to the IMB during the first half of 2015.

W\u00e4rtsil\u00e4: A Lot of Customers Are Planning to Use Scrubbers to Meet Global 0.5% Sulfur Cap

President and CEO Bjorn Rosengren says the market is not as strong as he expected.

Vancouver to Expand Shore Power Facilities to Include Container Vessels

Shore power has been operational for cruise ships in Vancouver since 2009 The

Citracks Partners with Singapore's Ascenz to Launch Bunker Monitoring System for Nigerian Market

Citracks says it has finalised plans to launch its Marine Fuel Management System on the Nigerian market by August 2015.

Australia's Focus on Vessel Emissions Turns to Tankers

NSW citizens want the EPA to extend new cruise-ship-centred sulfur regulations to fuel to tankers at the Gore Bay Terminal.

Colombo's Port to Receive Cruise Terminal

The SLPA says it plans to convert Colombo's Bandaranaike Quay into a \u201cfully-fledged international cruise terminal."

Box Ship Arrested in Singapore

Panamax box ship SCI Chennai is the twelfth vessel to be arrested in Singapore this year.
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