Oct 24 - Major U-Turn for U.S. OW Bunker Cases as ING Bank is Denied Maritime Liens
The decision offers a glimmer of hope to physical suppliers, but it could also be a boon for bunker buyers as no-one may be eligible for a lien.

Oct 24 - Adani Bunkering Ties Up with Lukoil for Lubricants Supply in India

Adani Bunkering says it will cater to the marine lubricants requirements of vessels on coastal run across all Indian Ports.

Oct 24 - Feature: World Fuel Services on The Benefits of Working with a Strong Counter Party
Knowing how to manage risk is the key to long term success in the bunker market, and this has never been so true following the demise of OW and Hanjin.

Oct 24 - Trump's "Unleashing" of U.S. Shale Will Result In Energy Independence by 2022: Hamm
Trump's energy advisor also thinks Trump will win in a Brexit style surprise election outcome.

Oct 24 - New Bunkering Operation Now Open on Canadian East Coast
Irving has opened its Halifax Harbour Terminal, which will provide storage and distribution of bunkers, among other fuels for various purposes.

Oct 24 - EU Ports Urge MEPC to Back NOx ECA Proposal
The call for the NECA was issued by the ports of Antwerp, Hamburg, Rotterdam, Le Havre, and Bremen/Bremerhaven.

Oct 21 - Crude Falls as Dollar Hits Three-Month Peak against the Euro
Bunker prices were softer in the primary ports.

Oct 21 - 0.5% Sulfur Cap: Good News for Bunker Traders, Bad News for Shipowners
Bunker trading houses "are in for a major comeback in the years to come," Brightoil's Hans Staal tells Ship & Bunker.

Oct 21 - BP Ready for 2020 0.5% Global Sulfur Cap, but No-One Knows What 100+ of the World's Others Refiners Will Do
The IMO's official fuel availability study and a second independent study are an "exchange of ignorance", Rudy Kassinger tells Ship & Bunker.

Oct 21 - Falih: Oil Markets Are at the End of Downturn
But analysts are still divided as to what this means for prices.

Oct 21 - 52 Maritime Players Issue Joint Call for IMO Action on Shipping Emissions
The joint call for action was issued through an open letter signed by the group members, encouraging IMO member states to set clearly defined objectives.

Oct 20 - Freight futures market avoids tougher EU information disclosures 

The European Union's securities markets regulator has dropped proposals to make participants in the multi-billion dollar commodity derivatives market for freight rates disclose knowledge of loading conditions, the Baltic Exchange said. The European Securities and Markets Authority (ESMA) published its report on Sept. 30 on its proposals for more disclosure of inside knowledge about commodity derivatives trading to prevent market abuse. Click here to read full stories.

Oct 20 - UK regulator approves Singapore Exchange's takeover of London's Baltic Exchange 

Britain's Financial Conduct Authority (FCA) has approved Singapore Exchange's 87 million pound ($107 million) takeover of London's Baltic Exchange after shareholders gave the green light for the deal last month, the Baltic said on Wednesday. The acquisition is one of the latest developments in a string of mergers, bidding wars and failed deals among global exchanges. SGX's offer comes as the global shipping industry is struggling with its deepest downturn. Click here to read full stories.

Oct 20 - Hyundai Merchant Marine says it may bid for Hanjin's Asia-US route assets 

South Korea's Hyundai Merchant Marine Co Ltd said on Tuesday it may submit a preliminary bid for Hanjin Shipping Co Ltd assets used in Asia-to-U.S. routes - a sale seen as key to Hanjin's prospects for paying off creditors. Hanjin, the first major shipping line to be dragged down by global industry overcapacity and low freight rates, put up manpower and logistics systems, five container ships and 10 overseas businesses, for sale last week. Click here to read full stories.

Oct 20 - Maersk defends sending ships to Indian shipbreaking yard 

Shipping conglomerate A.P. Moller-Maersk said on Monday it was striving to improve workers' rights at shipbreaking yards it uses in India after criticisms of hazardous conditions. The Danish company also expressed regret that a ship it sold this year, the "North Sea Producer", had then been taken to a shipbreaking yard in Bangladesh, after Danish media last week showed workers using precarious rope ladders to climb the hull. Click here to read full stories.

Oct 20 - Crude Up 3%
Bunker prices were much firmer in the primary ports.

Oct 20 - World Fuel Services Gets Green Light Over Hanjin Vessel Arrest, Paves Way for Further Bunker Bill Recovery Claims
The vessel is deemed to be not covered by court protection.

Oct 20 - New Software Launched to Digitalise Delivery Paperwork for the Bunkering Industry
"Workload is dramatically reduced, as is the opportunity for human error," Vortex Development Group co-founder Jeff Mildner tells Ship & Bunker.

Oct 20 - Bomin: Bunker Traders Still Play a Key Role in Risk Management
"It comes down to knowing the people you are dealing with," Regional Credit Manager Captain Joe Zhou tells Ship & Bunker.

Oct 20 - U.S. Navy Set Expand Fleet with 17 New Bunker Vessels
Rolls-Royce says it will supply two "highly efficient" Kamewa 150A Controllable Pitch Propellers and two Bergen B32:40xL8A generator sets for the first vessel.

Oct 19 - Bomin: We Have Zero Exposure to Hanjin and Will Continue with a diligent Approach to Credit
"We don't just assess buyers, it is also important to assess suppliers as well," Regional Credit Manager Captain Joe Zhou tells Ship & Bunker.

Oct 19 - Brightoil Expects to Double its Singapore Bunker Volumes in 2017 as Part of Wider Growth Plans
The supplier also expects to to increase its sales volume "significantly" in China, Global Bunker Director, Hans Staal has told Ship & Bunker.

Oct 19 - Oil Prices Creep Up Higher

Bunker prices were stable to firm in the primary ports.

Oct 19 - HMM Says Preliminary Bid for Hanjin Asia-U.S. Assets Possible
While the extent of bidding interest from other companies is unclear, HMM's interest is said to currently mark Hanjin's best prospects toward paying off its creditors.

Oct 19 - Low Bunker Prices Provide Cushion to Bahri's Decreased Q3 Profits

Bahri reported a 37 percent year on year decrease in net profit during 2016's Q3.

Oct 18 - Appetite for Risky Oil Deals is Increasing, Summit Hears
This despite some of the world's leading trading houses being owed almost $1 billion from quashed projects.

Oct 18 - Crude Starts the Week Soft
Bunker prices were somewhat soft in the primary ports.

Oct 18 - SOPREMA Acquires 3% Stake in Ecoslops
The news comes as part of an announcement that Michel Pingeot, Board Chairman, will stand down from his role, effective November 15, 2016.

Oct 18 - ONR Sponsors Antifouling Research to Support U.S. Navy Bunker Savings
The project is said to be specifically aimed at examining how to keep hydrogel coatings soft, wet, and securely fastened to metal hulls.

Oct 18 - South Korean Bunker Operations Return to Normal Following Week-Long Strike
Negotiations with refiners led barge owners to accept a 10 to 20 percent fee increase - short of the 40 to 100 percent increase originally proposed.

Oct 17 - Bunker Jobs: Integr8 Fuels Seeking Trader/Broker
The position is based in Hamburg.

Oct 17 - VTTI Sees Increased Demand for Distillate Storage in SE Asia
As a result, VTTI is looking for opportunities to expand its storage capacity in the region.

Oct 17 - Rickmers Maritime Warns of Winding Up Risk at Key Vote on Restructuring Plan

If the restructuring proposal is rejected, the winding up of the Trust will be proposed.

Oct 17 - Regional Approach to CO2 Emissions Regs Would Not be Sustainable for Shipping, Says Shipowners
Both ECSA and DSA have welcomed a decision rejecting proposals that sought to include shipping in the regional CO2 emission's trading scheme of the EU.

Oct 17 - DYNAMARINe's EMP Approved for Use Under EU MRV Requirements

DYNAMARINe's EMP has been certified as MRV-ready and in compliance with the EU MRV IT requirements.

Oct 14 - Analysts Clash Over OPEC As "A Dying Organization" Or A Force That Will Propel Prices Into The $70s
One analyst thinks U.S. shale producers are increasingly calling the shots.

Oct 14 - Clean Up Underway After Bunker Spill Near Port Isabel
A towing vessel is said to have struck a dock at mile marker 667 of the Intracoastal Waterway spilling 20,000 gallons of low sulfur diesel into the water.

Oct 14 - Savannah Bunkering Resumes as USCG Reopens Port
USCG cleared the port of Savannah, Georgia Wednesday with some restrictions.

Oct 14 - Missouri River Bunker Spill Clean Up Complete: USCG
A total of 3,000 gallons of oily-water mixture is said to have been removed from the vessel with the help of Terminal Petroleum.

Oct 14 - Damen Unveils New Battery-Ready Cruise Vessel Design
The design, developed with assistance from Expedition Voyage Consultants and Knud E. Hansen, features a diesel-mechanical hybrid configuration.

Oct 13 - Hurricane Matthew stalls planes, plants, ports and trains 

Disruptions to air travel, manufacturing, supply chains and retail stores spread on Friday as Hurricane Matthew worked its way up Florida's Atlantic coast, leaving people and goods stranded and plants idled. After cancelling 590 flights on Thursday, American Airlines Group Inc canceled 580 on Friday and 160 on Saturday. A spokesman said flights had resumed in Miami on Friday morning as the storm moved north. Click here to read full stories.

Oct 13 - Merchant ships off Yemen brace for more danger after attacks on navy craft 

Missile attacks from Yemen on Western military craft risk spilling over into nearby busy sea lanes which could disrupt oil supplies and also other vital goods passing through the tense area, shipping and insurance sources say.While shipping companies have yet to divert ships, there are growing worries that any further escalation could hinder oil supplies and potentially lead to higher insurance costs for shipments. Click here to read full stories.

Oct 13 - Low water hinders Rhine and Danube shipping in Germany 

Low water levels continue to prevent cargo vessels from sailing fully loaded on the Rhine and Danube rivers in Germany, with ship operators often imposing surcharges to compensate for extra costs, traders said on Monday.Low water is hampering shipping on the entire length of the Rhine and Danube, traders said, with loads having to be divided among vessels instead of being carried by a single craft, driving up transportation costs. Click here to read full stories.

Oct 13 -  Oil Will Struggle To Hold $50 in Q4, as Analyst Says Producers Simply Got Demand Picture Wrong
One analyst warns of oil dropping to the low $40s depending on Vienna outcome in November.

Oct 13 -  OPEC September Production Figures Undermine "Smoke And Mirrors" Cap Deal
However, some analysts credit the cartel for being master manipulators.

Oct 13 -  Hanjin Shipping Creditors List Released, 10 Bunker Companies Owed $64 Million

The document lists over 3,000 creditors in total.

Oct 13 -  Hanjin, OW and Preparing for the Next Unthinkable Sinking
Hanjin and OW provide the reason now not to ignore the industry warnings.

Oct 13 -  West Indies Oil Company to Sign Bunker Supply Agreement with Royal Caribbean
"We're putting things in place ... we are ready to bunker," says Gregory Georges, WIOC's CEO.

Oct 13 -  Handysize Bulk Carrier Arrested in Singapore
The 29,500 dwt Southern Spirit was detailed following action taken by local law firm Gurbani & Co LLC.

Oct 12 - Port strike clouds Brazil's September coffee export data

Brazil exported 2.2 million bags of green coffee in September, sharply below the 2.91 million bags a year ago, as a customs workers' strike at the Port of Santos delayed the collection of data, exporters association Cecafé said on Tuesday. Traders in the world's largest coffee exporter, however, said the strike also slowed the physical volume moving through Brazil's main coffee port, as federal inspectors restrict export licenses.

Oct 12 -JAX LNG Ready to Begin Construction on Jacksonville LNG Bunker Facility
JAX LNG's plant will support LNG bunkering through Clean Jacksonville - North America's first LNG bunker barge.

Oct 12 -NYK Line Expecting $1.9 Billion in Extraordinary Losses
The company has estimated extraordinary losses of about ¥195 billion ($1.89 billion) for the interim period of 2016 fiscal year.

Oct 12 -Norden: Bypassing Bunker Traders is Possible, but Not Practical
While it still needs bunker traders, Norden says it has reduced its trading volume by more than 50 percent since the collapse of OW Bunker.

Oct 12 -Price Target Not a Consideration In Six-Month Output Cap Deal: OPEC

The Saudis are asking non members not to support the deal, but contribute to it.

Oct 12 -South Korean Authorities Working to Minimise Bunker Supply Disruptions Alongside Strike
More than 200 of South Korea's 680 bunker tankers are said to have gone on strike following a failure to reach an agreement on operating fees with refiners.

Oct 12 -Vitol and Trafigura Among Bidders in Petrol Ofisi Sale: Sources

OMV is said to have agreed on Monday to the sale of the Aliaga fuel storage terminal to a group led by Socar.

Oct 12 -VPS: Industry is Underestimating Risk from Decline in Distillate Fuel Quality

VPS' Captain Rahul Choudhuri says managing fuel quality needs have a global focus.

Oct 11 - Santa Barbara Hails Voluntary Slow Steaming initiative
The programme provides incentives for companies to reduce speeds in the Santa Barbara Channel region to 12 knots or less.

Oct 11 - More Details Revealed on San Francisco Hydrogen Ferry, Bunkering Plans
SF-BREEZE, a zero emissions ferry, is being developed through a cooperative agreement between Red and White Fleet and Sandia National Laboratories.

Oct 11 - Carnival Fuel Consumption Flat, Bunker Bill Falls by a Third
For the 9 months ended August 31, 2016 carnival achieved savings of $348 million year-on-year.

Oct 11 - Bomin Expands Physical Bunkering Infrastructure in Singapore
Thomas Roller, Managing Director of Bomin Group says the bunkering sector is "experiencing significant change."

Oct 11 - Russia's Vow To Join Output Caps Comes Amidst Iraq Urging Production Boost
Vladimir Putin also calls on other nations to restrict their production.

Oct 11 - BP, Vitol Differ On State of Oil Market Balance
BP says market balance has been achieved, but Vitol says that is still in the future.

Oct 11 - Market Sources: St Petersburg "Out of Bunker Fue
Dates for supply replenishment are said to be unclear.

Oct 10 - Russia Swipe At OPEC Deal Causes Price Drop; Petroleo Official Says Cap Will Be Rejected By Outsiders
The official also joins the chorus of critics who think the cartel's influence is now minimal.

Oct 10 - Bunker Tanker Collides with Cargo Ship in Tokyo Bay
While both vessels are reported to have sustained damages and breaches, both are noted to have remained seaworthy.

Oct 10 - Market Sources: Demand Boost Puts Pressure on Avails at St Petersburg

Increased demand is said to have tightened avails and provided support to prices at the port.

Oct 10 - Bunker Prices in Panama Surge to Year's Highest Levels

Prices for IFO 380 Friday reached $284.50 pmt according to Ship & Bunker data - the highest prices have been so far this year.

Oct 10 - Oil Prices Won't Break Out Anytime Soon and May Drop Further: Analysts
One expert says oil will stay between $50 and $55 throughout 2017.

Oct 07 - Asia flows boost shipping rates, displace U.S. crude imports 

Robust Asian demand for West African crude is fueling a worldwide surge in shipping rates for the largest oil tankers that is being felt from Houston to Singapore.Chartering rates for Suezmaxes and very large crude carriers (VLCCs) have recovered rapidly in recent weeks after plunging to their lowest in more than year this summer. Click here to read full stories.

Oct 07 - Saudi Price Cuts An Indication They Won't Abide By Output Deal After All: Analysts
But PIRA credits Saudis for market "managing" and believes OPEC is serious about $50-$60 oil.

Oct 07 - Gazpromneft Marine Bunker Completes First Ust-Luga Ship Supply Delivery to Chevron
Gazpromneft says its vessel Gazpromneft West provided 13.5 tonnes of TARO 40 XL 40 X to the 40,549 DWT Seamarlin tanker during the operation.

Oct 07 - Iraq has "Thrown A Spanner In The Works" Of The Opec Output Deal: Energy Aspects
Energy Aspects says a stymied deal could mean oil below $40 by year end.

Oct 07 - U.S. East Coast Bunker Operations Brace for Hurricane Matthew

According to the National Hurricane Center, the storm is expected to arrive in the region by late Friday or early Saturday.

Oct 07 - More Choppy Trading, WTI Breaks $50/bbl

Bunker prices were firming in the primary ports.

Oct 07 - Wade Maritime: We Advise Using a Bunker Contract Clause Stating Traders are Paid Only After the Physical Suppliers Are Paid Traders "can, and have been more flexible when it comes to these types of requests," Managing Director Captain Rohit Bhatia tells Ship & Bunker.

Oct 06 - Shippers brace for new rules to cut deadly sulphur emissions 

The global shipping industry is bracing for a key regulatory decision that could mark a milestone in reducing maritime pollution, but which could nearly double fuel costs in a sector already reeling from its worst downturn in decades. The shipping industry is by far the world's biggest emitter of sulphur, with the SOx content in heavy fuel oil up to 3,500 times higher than the latest European diesel standards for vehicles. Click here to read full stories.

Oct 06 - Israeli shipping firm Zim to defer $115 million in payments 

Israeli shipping company Zim, which has been hit hard by the weak global shipping market, said on Wednesday it had agreed to defer $115 million of upcoming payments to creditors until 2018. Zim said in its second-quarter report that the agreement with its creditors was to defer payments due over a 12-month period, which began on Sept. 30, until the start of 2018. The creditors include banks and ship owners, but Zim declined to name them. Click here to read full stories.

Oct 06 - Credit Agricole set to boost shipping provisions as sector gloom deepens 

Credit Agricole CIB, which has a shipping portfolio worth $15 billion, is likely to set aside extra provisions this year to cover potential losses after the sharp downturn in the industry, a senior official at bank said. Thibaud Escoffier, head of shipping and offshore finance at the lender's corporate and investment banking unit, said it was too early to say how large the provisions would be, adding that the shipping book would "continue to be properly marked". Click here to read full stories.

Oct 06 - Hanjin lost 'game of chicken' among global shippers, chairman says 

The collapsed Hanjin Shipping Co Ltd could not compete against global rivals that were supported by their governments, the chairman of its parent firm told a South Korean parliamentary hearing on Tuesday. The world's seventh-largest container shipper sought court receivership in late August after its creditors led by a state bank halted further support, stranding $14 billion in cargo and sending waves through global trade networks. Click here to read full stories.

Oct 06 - Japan's Kawasaki Heavy may pull out of shipbuilding 

Japan's Kawasaki Heavy Industries Ltd said it would consider a drastic revision of its shipbuilding business due to its worsening profitability and indicated that it may pull out of the business. The company on Friday revised its profit outlook lower for the business year ending next March, citing a stronger yen against the dollar and a decline in operating profitability from the shipbuilding business. Click here to read full stories.

Oct 06 - Rains disrupt coal deliveries to Colombia's Puerto Nuevo export terminal 

Coal deliveries to Colombia's Atlantic export terminals have been disrupted by heavy rains, further tightening a market that has already seen prices sky-rocket this year.Extremely heavy rainfall in Colombia's Caribbean coastal provinces, where almost all the country's coal mines and export terminals are located, has interfered with deliveries to the port, coal traders and shippers said.

Oct 06 - Mauritius to End Offshore Bunkering, Boost Storage for Onshore Bunkering
"At the moment we are on track for the new storage to be ready within the next 18 months," STC Chairman Dr Bhennick tells Ship & Bunker.

Oct 06 - VW Set to Use Two LNG-Powered Car Carriers
From 2019 onwards, the two new ships will replace two of the nine HFO-powered vessels currently on routes between Europe and North America.

Oct 06 - OPEC, Non-OPEC Producers to Meet in Istanbul to Discuss Algiers Crude Cap Deal
The informal meeting is set to take place from October 8 to 13.

Oct 06 - Meriaura Takes Delivery of First of Two EcoCoasters
The vessel's hybrid engine is said to enable it to run on both biofuel and MGO.

Oct 06 - BV VeriFuel Looks to Expand Asian Marine Fuel Services with New Business Development Manager
Alex Tang has joined VeriFuel's Marine Fuel Services Team as Regional Business Development Manager for Asia.

Oct 06 - Wade Maritime: We Advise Using a Bunker Contract Clause Stating Traders are Paid Only After the Physical Suppliers Are Paid

Traders "can, and have been more flexible when it comes to these types of requests," Managing Director Captain Rohit Bhatia tells Ship & Bunker.

Oct 06 - Keppel Signs MOU with Shell to Explore Opportunities for LNG Bunkers

Work will specifically focus on exploring opportunities for LNG fuel demand in coastal areas, inland waterways, and the international marine sectors

Oct 05 - Shippers brace for new rules to cut deadly sulphur emissions 

The global shipping industry is bracing for a key regulatory decision that could mark a milestone in reducing maritime pollution, but which could nearly double fuel costs in a sector already reeling from its worst downturn in decades. The shipping industry is by far the world's biggest emitter of sulphur, with the SOx content in heavy fuel oil up to 3,500 times higher than the latest European diesel standards for vehicles. Click here to read full stories.

Oct 05 - Singapore Announces Recipients of S$8M in Grants, Other Initiatives as it Prepares for LNG-Bunkering by Mid-2017
Transport Minister Ng Chee Meng says Singapore is preparing for "a future of cleaner marine fuels."

Oct 05 - Singapore to Invest S$500,000 to Develop Mass Flow Meters for Distillate Fuel Delivery
The Ministry of Transport also announced paper-base BDNs will be replaced in 2018.

Oct 05 - Iran To Reduce Fuel Oil Output, Up Quality at Bandar Abbas
Iran says the sulfur content of the fuel oil will be less than 1 percent.

Oct 05 - Despite New Iran Contracts, Analysts Doubt The Country Will Reach 4 Million BPD Output Anytime Soon
While some reports indicate an output of 3.7 million bpd may be norm for the time being, conflicting reports say the country has already hit the 4 million mark.

Oct 05 - Meech, Tolson to Collaborate on New Global Sulfur Regulations Impact Study
The study is said to be a comprehensive evaluation of the impact of MARPOL Annex VI global sulfur regulations on the shipping industry.

Oct 05 - Update: International Focus Group for LNG Bunkering Expanded with Signing of New MoU
The agreement was signed at the opening of SIBCON in Singapore today.

Oct 04 - Gulf Petrochem Expands Physical Bunker Operations
"Entering the Antwerp market only serves to reaffirm the group's commitment to grow the business," says Global Head of Bunkering Neil Lamerton.

Oct 04 - Oil Up As Iran Urges Nations to Join OPEC Cut Deal - While Preparing to Boost its Own Output
Barclays warns that expectations for the deal could be dashed in November.

Oct 04 - Venezuela Hopeful that OPEC Freeze Deal Will Result in Much-Needed $50-$60 Prices
The Venezuelan government also takes credit for facilitating the "historic" deal.

Oct 04 - Valmet to Supply Automation to "Game-Changing" Electric Ferry Concept
The vessel is expected to be able to deliver an annual CO2 and NOx emissions savings of about 2,000 tonnes and 41.5 tonnes, respectively.

Oct 04 - Vladivostok Bunker Sales Volumes Continue Their Decline
Sales volume at Vladivostok for the nine months to September 2016 are reported to have declined by almost 3 times year over year.

Oct 04 - Mercuria Will Continue to Develop its Minerva Bunkers Business
"We would not rule out another physical supply operation for Minerva Bunkers in the future," Mercuria tells Ship & Bunker.

Oct 03 - Brightoil: Our Use of Mass Flow Meters Has Significantly Reduced Quantity Complaints and Disputes in Singapore
The physical supplier says its use of the technology has also improved efficiency.

Oct 03 - Russia Takes A Swipe At OPEC Freeze Deal By Maintaining Price Forecast At $40
But RBC commodities analyst Helima Croft believes "we are done with sub-$40" oil and trending into $60/bbl next year.

Oct 03 - Bunker Prices in Primary Ports End September at their Highest in Over a Year
The average IFO380 price across Singapore, Houston, Rotterdam, and Fujairah, Friday hit a 19 month high.

Oct 03 - Understanding Bunker Fraud: How Can a Physical Supplier Collude with an Owner/Ship Manager to Defraud a Charter?
"This could go on for some time if the charterer's voyage performance calculations are not being done," Adrian Tolson tells Ship & Bunker.

Oct 03 - Pro-Freeze OPEC Expected To Achieve Record High Output For September
The disclosure is accompanied by news that China may have much more oil - or at least the ability to store it - than it admits to.

Sep 30 - Bunker Jobs: Established Trading House Seeks Shanghai-Based Bunker Trader
It is a must that you come with proven experience from a similar Bunker Trading / Sales role and is used to work with Asian clients.

Sep 30 - OPEC Deal Could be Good News for U.S. Drillers, Which May Also Cause Output Deal To Unravel: Analysts
Analysts say over two dozen U.S. producers can profitably drill new wells as oil climbs to $60.

Sep 30 - Minerva Bunkers Winding Up West Africa Physical Supply Operation: Sources
The Mercuria subsidiary is also reported to be closing its offices in Seoul and Piraeus.

Sep 30 - OPEC Agreement Doesn't Sway Goldman's Glut-Influenced Oil Price Forecast
Another observer argues that cuts from one OPEC member will merely result in other members taking up the slack.

Sep 29 - SGX sees Baltic buy helping to boost Asian freight derivatives

Singapore Exchange Ltd (SGX) sees the potential to develop new freight derivatives centred on active Asian shipping routes and expand the use of freight derivatives with its acquisition of London's Baltic Exchange, a senior SGX official told Reuters. "We believe there are a number of opportunities that the Baltic Exchange and SGX can realise together, including the creation and adoption of new benchmarks of Asian shipping routes," Michael Syn, head of derivatives at SGX told Reuters. Click here to read full stories.

Sep 29 - On the Majestic Maersk, mega-ship dreams obscure cloudy future for shipping

For Captain Dick S. Danielsen, the childhood dream has been to sail the world's biggest ships. The Danish seaman got his chance three years ago when he was asked to helm the Majestic Maersk, a mammoth, baby blue-painted vessel that at 400 meters (1,312 feet) is longer than a nuclear-powered aircraft carrier. The ship can hold up to 18,270 twenty-foot (TEU) shipping containers and is owned by the world's largest container shipping firm, A.P. Moller-Maersk. Click here to read full stories.

Sep 29 - Ship shake: Hanjin woes may help float tech, data start-ups

The global shipping industry, ravaged by collapsing revenues, defensive mergers and the failure of major player South Korea's Hanjin Shipping Co Ltd, is slowly waking up to the redeeming potential of technology. While sensor-laden containers, smart ships and 3D printing have grabbed the headlines, the start-ups making the biggest inroads are those working on something more basic - streamlining the interaction between shippers, freight forwarders, and those actually transporting the goods. Click here to read full stories.

Sep 29 - Maersk chairman says ready to take role in shipping takeovers

Denmark's A.P. Moller-Maersk, the world's largest container shipping group, is ready to use its financial muscle to swallow up struggling competitors as the industry heads for further consolidation, the company's chairman said. Earlier on Thursday, in a keenly anticipated revamp aimed at reviving its fortunes, Maersk said it will split itself up and focus on transport and logistics, while seeking a way out of energy. Click here to read full stories.

Sep 29 - U.S. West Coast dockworkers, shippers to talk contract extension

Shipping companies and a powerful dockworkers union have agreed to discuss a possible extension to a contract reached last year, ending labor strike that disrupted U.S. West Coast ports and bogged down cargo trade with Asia for months. The International Longshore and Warehouse Union and the Pacific Maritime Association (PMA), which represents major shippers and terminal operators, have tentatively set talks on the proposal for Nov. 1-2, the two sides said in a joint statement on Tuesday. Click here to read full stories.

Sep 29 - Former Singapore Top 20 Physical Supplier Searights Placed into Receivership: Sources
KPMG has been appointed as receiver of Searights' assets, say sources.

Sep 29 - Hybrid Power: Norwegian Maritime Authority Approves Corvus and PBES Marine Energy Storage Systems
The announcements come following both companies' systems passing thermal runaway propagation testing.

Sep 29 - Damen Prepares to Launch Latest Bunker Saving Vessel
The vessel is said to achieve its fuel efficiency with the help of a slender hull, less weight than a traditional aluminum vessel, and low resistance.

Sep 28 - OPEC Agrees to Cut Oil Production, but Some Members Will Still Produce "at Maximum Levels that Make Sense"
"This was unexpected for sure ... no one that I know of saw it coming," says energy broker and commodities specialist for ICAP.

Sep 28 - Eniram Launches New Fleet Performance Monitoring Service
SkyLight is said to offer a "vastly improved" and more accurate solution compared to manual performance reporting with AIS.

Sep 28 - London's Baltic Exchange succumbs to Singapore as shipping turmoil deepens 

The crisis in global shipping and a tax exodus by big Greek vessel owners have helped finally seal the fate of London's Baltic Exchange after at least three approaches to buy it over the last six years of its near-three centuries history.Some 95 percent of shareholders voted on Monday in favour of a takeover deal from Singapore Exchange, valued at 87 million pounds ($112.87 million), trumping more than one effort from the London Metal Exchange to snap it up. Click here to read full stories.

Sep 28 - San Francisco Bunker Market Could See Tighter Avails on Refinery Outage, Say Sources !
Sources add the outage, which began Tuesday, has been estimated to last 45 days.

Sep 28 - Bunkering at Mumbai Outer Port Limits to Resume at End October, Beginning of November.
A Mumbai Port Trust official says OPL bunkering at the port is expected to resume and continue through to the middle of May 2017.

Sep 28 - Cockett Group Announces Series of New Hires for Commercial Team
The hires, said to be part of an effort to optimise the company's commerical teams, include the introduction of a new supply manager in Singapore.

Sep 28 - Iran And Saudis: No Freeze Deal In Algeria, Here's Hoping For Better Luck in Vienna.
Algeria is now viewed as a `prep' for the formal OPEC summit in November.

Sep 28 - Goldman Sachs Slashes Q4 Oil Price Forecast From $50 To $43/bbl
The bank expects a global surplus of 400,000 bpd in Q4 instead of its previous forecast of 300,000 bpd.

 Sep 27 - That Sinking Feeling: Shipping industry in crisis

The shipping industry is suffering its deepest downturn ever as trade slows. Around 90 percent of world trade is transported by sea. South Korean container line Hanjin, which filed for receivership on Aug. 31, is the latest casualty in a crisis exacerbated by a glut of ships, many of which were built before the financial crisis when the global economy was healthier. To read the full report, click here.

Sep 27 - Jefferies: Maersk Line Buying Both Hanjn and HMM a "Likely Scenario"
Jefferies' analyst David Kerstens says Maersk Line will "definitely" participate in the consolidation of the container markets, but options are "fairly limited."

Sep 27 - Goldman Says Oil Glut Will Persist Regardless of Freeze Talks Outcome
Meanwhile the bear market continues to grow.

Sep 27 - New Knutsen LNG Tanker Capable of Delivering $1 Million Annual Bunker Savings: HHI
La Mancha Knutsen is a 176,000 cbm MEGI-powered LNG carrier.

Sep 27 - Spill Risk Ruled Out Following Fire on Pemex Oil Tanker: Officials
The tanker, known as Burgos, was carrying 167 barrels of diesel and gasoline products when an explosion occurred onboard on Saturday.

Sep 27 - Russia To Boost Crude Output In 2017, Says Freeze Deal "Impossible to Agree"
Russia's output from hard-to-recover areas will also increase substantially next year.

Sep 26 - Interview with Eniram: First Major Product Since Wärtsilä Acquisition Ready for Launch. Eniram SkyLight is a radically new approach to performance management, Managing Director Henrik Dahl tells Ship & Bunker.

Sep 26 - Saudi's Willing to Cut Production in "Much More Critical" Oil Market, says Algeria
"We are seeking to take a common decision, which everyone will support, whether it will be to freeze the level of output or reduce it," says Algeria.

Sep 26 - K-Line Says Suggestion of Possible Bankruptcy is "False"
"The message contained in the e-mails is unfounded without basis of any financial analysis and what is stated therein is false," confirmed K Line.

Sep 26 - Real Opportunities Exist in Evolving Africa Bunker Market: IBIA
The comment comes following IBIA Africa's second regional forum in Cape Town, which ran from September 14 to 16.

Sep 26 - New Environmentally Acceptable Lubricants Launched by Klüber
Klüber says its focus for this year is on its biodegradable Klüberbio EG 2 gear oils

Sep 23 - Buying time on toxic panamax ships will only prolong suffering (AlphaLiner)
- Rickmers Maritime Trust (RMT) has become the latest casualty in a growing list of containership owners with toxic vessel assets that are unable to generate sufficient funds to pay their outstanding debt obligations. While numerous privately-owned shipowners and KG vessel funds have already filed for bankruptcy in the last three years due to the collapse in containership charter rates and asset values, RMT is the first publicly listed owner to admit that it is technically insolvent and that its assets are currently only worth their scrap values.
- According to RMT, its fleet of 16 panamax containerships of 3,400-5,000 teu,  with an average age of only nine years, would be worth a maximum of only $140 M in a distressed sale, against a book value of $640 M. Secured lenders will likely only recover 50 - 65% of the debt owed, while bondholders and shareholders will suffer a total loss on their investments if the assets are liquidated.
- In an attempt to buy time, RMT has proposed that its bondholders exchange $100 M of notes due in May 2017 to $28 M perpetual notes with no maturity date that are convertible to 20% of the shares of the company. If the bondholders do not accept the proposal, the Singapore-listed company says it will not be able to obtain the secured lenders’ agreement to refinance the rest of its outstanding senior debt of $281 M, of which $180 M is due in March next year.
- The proposal will likely be resisted by the bondholders as it favours the equity owners, who will still retain 80% of the company shares, while buying additional time in the hope that the panamax containership market will enjoy an improbable recovery.   

Sep 23 - USTC CEO Confirms Group is Not Involved in Danish Fraud Case
The confirmation comes in response to speculation resulting from media reports of a fraud case involving a Danish bunker company.

Sep 23 - EPA Says Clean Strategies and Tech the Key to Greener Ports
The declaration is the result of a new report, "the National Port Strategy Assessment: Reducing Air Pollution and Greenhouse Gases at U.S. Ports."

Sep 23 - APT Sees Keel Laid for Newest LNG-Ready Tanker
The vessel is the third in a series of four such vessels being built for APT by Philly Shipyard.

Sep 23 - Maersk Line Eyes Increased Market Share Following Historic Maersk Shake-Up
But chief executive Soren Skou ruled out placing orders for new vessels, saying: "There are already enough ships in the world."

Sep 23 - Dubai Mercantile Exchange Lists Two New Fuel Oil Derivatives
The new 180 cSt and 380 cSt contracts are intended to hedge the price differentials between Middle East fuel oil and Singapore fuel oil.

Sep 22 - Denmark's Maersk alters course with freight and energy split 

Rocked by low freight and oil prices, Denmark's A.P. Moller-Maersk will split itself up and focus on transport and logistics while seeking a way out of energy in a keenly anticipated revamp aimed at reviving its fortunes. The 112-year-old conglomerate will focus on its core businesses, comprising Maersk Line, APM Terminals, Damco, Svitzer and Maersk Container Industry, while seeking "solutions" for its smaller energy operations. Click here to read full stories.

Sep 22 - RBS starts winding down shipping business as sale efforts fade 

The Royal Bank of Scotland has begun winding down its global shipping finance business, it said on Tuesday, ending efforts to sell it off during a worsening downturn across the freight industry. Chief Executive Ross McEwan is battling to complete a restructuring of the British bank, which includes asset sales and thousands of job cuts, amid a low-interest rate environment that makes finding profitable new business tough. Click here to read full stories.

Sep 22 - COSCO Shipping sees better 2017 as Hanjin collapse pushes up rates 

Amid the unravelling of South Korea's Hanjin Shipping, shippers are looking for more robust alternatives, and freight rates are rising - all potentially good news for rivals such as China COSCO Shipping Corp. Sun Jiakang, executive vice president of China's biggest shipping company, told Reuters on Monday that rates had risen in the last month - a boost that should lift the state firm's fourth quarter and continue into next year. Click here to read full stories.

Sep 22 - German banks count cost of global shipping crisis 

German banks are struggling to recoup tens of billions of dollars of loans as a global shipping industry slump hits them hard. The lenders - among the biggest backers of shipowners over the past 20 years - are behind up to a quarter of the world's $400 billion of outstanding shipping loans, three shipping financiers told Reuters. Click here to read full stories.

Sep 22 - India's Adani buys Australian port operator from Glencore 

A unit of India's Adani Enterprises Ltd will buy the company that operates Australia's Abbot Point Coal Terminal from Glencore Plc for A$19.25 million dollars ($14.52 million), ending a legal wrangle over control of the port. The statement from Adani and Glencore said Adani Ports and Special Economic Zone would purchase the port operator, Abbot Point BulkCoal Pty Ltd, pending regulatory approvals. Click here to read full stories.

Sep 22 - Australian port sold for $7.3 bln to consortium; China fund among backers 

A consortium of global and domestic funds, backed by investors including China Investment Corp, agreed to buy Australia's busiest port for a higher-than-expected A$9.7 billion ($7.3 billion), a sign that tough equity markets are helping fuel appetite for infrastructure. Australian leaders will also hope the deal shows they still welcome Chinese investment in infrastructure. The federal government last month blocked the sale of the country's biggest power network, Ausgrid, to state-owned State Grid Corp of China and Hong Kong-listed Cheung Kong Infrastructure Holdings on security concerns. Click here to read full stories.

Sep 22 - Saudi Arabia And Iran Meet Prior to Algiers as UAE Warns Against Any "Quick Solutions". Despite overwhelming evidence, some pundits think the meeting heralds a freeze accord.

Sep 22 - South Korea Expecting Boost in Fuel Oil Demand
South Korea's fuel demand is already said to be up due to a summer heat wave and economic stimulus programme.

Sep 22 - Engie CEO Confirms Plans to Hold onto LNG Business
The comment comes in response to earlier reports that suggested a possible sale or reorganisation of the company's LNG interests.

Sep 22 - Reports of Record Outputs Accompany S&P Prediction Of Oil Not Breaking $55/b Before 2020. S&P also suggests the upcoming OPEC freeze talks will do nothing to alleviate the glut.

Sep 22 - GASNAM to Offer Course on LNG as a Marine Fuel in Madrid
The course is part of a pilot series of two courses on LNG bunkers, including one basic and one advanced, that GASNAM plans to offer in 2017 and 2018.

Sep 21 - LNG Bunker Player Engie Could Reorganise or Sell LNG Business: CGT Union
The news comes after an announcement earlier this month that Engie, along with NYK Line and Mitsubishi, had launched a new brand for LNG bunkers.

Sep 21 - Will Physical Suppliers See Any Positive Outcome from Remaining OW Bunker US Maritime Lien Cases?
"Based on the facts and the law so far, the cases have reached the right conclusion," ING lawyer Bruce G. Paulsen tells Ship & Bunker.

Sep 20 - Port of Amsterdam Aims to Reduce Fleet's Carbon Footprint with Biofuels
GoodFuels Marine is working with the port on a marine biofuel pilot project, expected to reduce the carbon footprint of the port's fleet by 14 percent.

Sep 20 - Aegean Completes Share Repurchase
The company completed the repurchase of 11,303,031 shares on September 15, bringing the company's total outstanding shares to 39,403,822.

Sep 20 - IBIA: Switch to 0.50% Global Sulfur Cap Represents "not Step Changes but Brutal Changes"
IBIA's Unni Einemo says that with the stricter global sulfur cap meaning a shift to distillates for most, there will be a paradigm shift for ship engines.

Sep 20 - Venezuela Confident on Oil Output Deal, Kilduff Says the Entire Issue is "a Joke"
The analyst also thinks oil is about to breach $40 on its way down.

Sep 20 - Crude At $20 $100 All in the "Normal Range" Moving Forward: BP
BP's head of energy economics also suggests it's pointless to dwell over the upcoming freeze talks.

Sep 19 - Dan-Bunkering Moves Stamford Office Location
The company says the move is intended to accommodate the addition of more employees to its team.

Sep 19 - US Court Tells Bunker Suppliers They Cannot Arrest Hanjin's Owned or Chartered Vessels
Lawyers argue the decision to extend protection to owners of Hanjin-chartered vessels is contrary to both U.S. and South Korean law.

Sep 19 - New BAE System Looks to Better Understand True Cost Savings from Slow Steaming
"Reducing speed may save fuel, but could increase the wear to the engine if it sails below its optimum speed," says BAE.

Sep 19 - Despite Low Bunker Prices, Hanjin Collapse, Box Shippers to Stick with Slow Steaming
Low freight rates persist high season demand, Hanjin's recent collapse, and a reported demolition spree.

Sep 16 - Oil Slumps To Multi Week Lows, Norway Says Don't Expect $60 Crude Until 2019
Meanwhile, one analyst suggests that $39 WTI is coming.

Sep 16 - Fuel Barge Aground and Stranded in Northern Canada, as Arctic Season Closes In. Lawyers say it is a potentially "grave" situation.

Sep 16 - OPEC Members Not Comfortable With Current Oil Prices: Analyst
Meanwhile, another analyst credits OPEC for consistently "decreasing" its output this year.

Sep 16 - LNG Prices Expected To Stay Low On Oversupply Worries
As much as 130 million metric tons per year of approved new LNG capacity will come from Australia and the U.S.

Sep 16 - Sales Agreement Reached on Shell Refining Business in Denmark
The sale, which is subject to regulatory approvals, includes the 70,000 bpd Fredericia refinery, as well as local trading and supply activities.

Sep 16 - China Merchants Enter Singapore Bunker Market
The company already has its eye on a second location in Fujairah.
Sep 16 - Mass Flow Meters Mean We're Lifting More Bunkers in Singapore, Says Shipping Company. The latest data from the MPA indicates 107 bunker vessels in Singapore have now been fitted with an approved MFM system.

Sep 16 - Tankers seized in Yemen port, risking deeper import crisis 

Authorities in a port controlled by Yemen's Houthi movement have seized two oil tankers from international traders in a payment dispute, according to the ships' owners, an incident which could make it more difficult for the country to import vital supplies.Ocean Tankers, the Singapore-based owner of the two 74,000 tonne ships, the Chao Hu and the Hong Ze Hu, confirmed that the vessels were being denied permission to leave the Red Sea port of Hodeida, Yemen's second-biggest port, which is controlled by the Houthi movement that also holds the capital Sanaa. Click here to read full stories.

Sep 15 - Three ships chartered to troubled Hanjin sold, more on the block 

Three ships chartered to Hanjin Shipping Co Ltd have been sold and two more vessels are up for sale, ship brokers said on Wednesday, kicking off an asset sale sparked by the failure of the world's seventh largest container shipper. Around $14 billion of cargo has been tied up globally as ports, tugboat operators and cargo handling firms worried about not being paid refuse to work for Hanjin, which filed for receivership in a Seoul court on Aug 31. Click here to read full stories.

Sep 15 - French port workers to join strike against labour reform - union 

French CGT trade union port workers will join a nationwide strike against French labour reforms on Sept. 15, the union said on Monday, a move that could disrupt oil, grains and other commodities shipment at French ports. The hardline CGT union led rolling nationwide strikes against the labour reform between April and June against the reform which they said will curb workers rights and make it easier for companies fire workers. Click here to read full stories.

Sep 15 - Taiwan's commodities companies brace for another super typhoon 

Taiwan's commodities industry was preparing on Tuesday for heavy wind and flooding as Typhoon Meranti hurtled towards the south of the island, threatening to disrupt grain and oil shipments from its major port and a lead refinery. As the storm strengthened in the Pacific, Taiwan's national weather forecasters predicted it would make landfall in the Hengchun Peninsula on Wednesday. Click here to read full stories.

Sep 15 - Hanjin's fall will not fix the global shipping industry's ills 

Following the collapse of Hanjin Shipping Co Ltd, container shipping rates from Asia to the United States spiked 50 percent as the carrier's customers scrambled for ships. Few shipping industry experts expect those price increases to fix what is wrong with the industry. Hanjin's collapse and the resulting chaos in the global shipping sector are symptoms of deeper ills caused by a capacity glut that will remain even after the resolution of Hanjin's crisis, industry officials and experts told Reuters. Click here to read full stories.

Sep 15 - First Shore Power Solution Commissioned at an Indian Port
"I would like to congratulate the V.O. Chidambaranar Port for their vision and focus on clean energy," says ABB India CEO Sanjeev Sharma.

Sep 15 - Fuel Cell Technology Successfully Tested on Two Vessels
"The project e4ships has reached a milestone in the use of climate-friendly systems for ships," says Minister.

Sep 15 - First Fuel Oil Delivery Made Under Rosneft - Hellenic Petroleum Deal
A 30,000 ton batch of fuel oil has been loaded on the tanker Kriti Rock at the port of Tuapse.

Sep 15 - Dry Bulk Recovery: Newbuild Orders "Almost Non-Existent"
Golden Ocean Group says that low ordering activity is "very important" if the market is to see sustained rate recovery.

Sep 15 - MEPs Push for Shipping to be Included in Emissions Trading System Toward 2030 Reduction Target. The proposed amendment would see shipowners buy ETS allowances from 2021 onwards.

Sep 15 - Ivory Coast awards San Pedro port expansion to MSC, Bilal Group 

Ivory Coast has awarded a project to upgrade its second port of San Pedro to global shipping giant Mediterranean Shipping Company (MSC) and the Bilal Group, a government spokesman said on Wednesday.Ivory Coast is the world's leading producer of cocoa, and over half of total output is exported via the port of San Pedro, which is located near the main western growing regions. Click here to read full stories.

Sep 14 - Bearish IEA Report Misinterpreted, Says Analyst
Oil production growth is now lagging oil demand growth, writes Robert Rapier.

Sep 14 - Klaveness Says Newbuild CABU Carriers to Deliver 5-10% Bunker Savings
The company says that the three carriers were designed "with the environment in mind."

Sep 14 - Scrubber Retrofit Completed on Norwegian Jewel
NCL says the installation is part of the company's efforts to reduce its environmental footprint and air emissions.

Sep 14 - PGNiG and LOTOS Claim LNG Bunker Delivery First
The delivery is said to be the first such LNG logistics project to be completed within Poland.

Sep 14 - IEA: Global Oil Demand Slowing Faster Than Predicted, Glut To Last Well Into 2017
But IEA's Matthew Parry sends signals that at least some growth is better than none.

Sep 13 - Less Demand, More Production, And More Surplus For 2017: OPEC
The cartel calculates that an average surplus of 760,000 bpd is likely.

Sep 13 - Despite Monday's Gains, Oil's Near-Term Upside Still Capped at $45-$55
A further increase in the U.S. rig count is contributing to the bearish sentiment.

Sep 13 - ABS Grants AiP to LNG Carrier Powered by Dual Fuel Gas Turbine
The GE gas turbine is noted to be dual fuel capable, operating on either the carrier's cargo of boil off gas or MGO.

Sep 13 - Harvey Gulf Receives ABS and USCG Approvals for LNG-Bunkering Vessel
The vessel has been designed for both ship-to-ship and shore side LNG transfers, with the ability to load and discharge at a rate of 600 cbm per hour.

Sep 12 - Crude Prices Make Gains Monday
Bunker prices were somewhat firm in the primary ports.

Sep 12 - KPI Bridge Oil: Singapore MFM Regs Won't Stop Bunker Disputes
Even though bunker suppliers will be required to use of MFMs, Emmett notes that most other vessels will not still not be equipped with mass flow meters.

Sep 12 - Bunker Sector Not Ready for 0.5% Sulfur Cap in 2020, Says KPI Bridge Oil
Mark Emmett, managing director of KPI Bridge Oil Singapore, says the 2025 implementation date is preferable.

Sep 12 - Get Set For A Grim September With Oil As Low As The $30s, Warn Analysts
Plus, they warn that this week's numbers will show a substantial build in supplies.

Sep 12 - DNV GL to Implement Green Tech on Hamburg Port Authority Fleet
DNV GL signed a letter of intent with the HPA at SMM in Hamburg on Friday.

Sep 09 - More Signals of Doomed Freeze Talks As Nigeria And Libya As Well As Iran Are Cited As Having Right to Raise Output. Russia offers its own peculiar idea of what a production cap should be.

Sep 09 - China Drafts New Regs Imposing Penalties for Oil Spills
The proposed regulation covers damages for clean-up costs and the restoration of ecological balance in marine environments resulting from spills.

Sep 09 - Syria Could Be Key To Oil Freeze Deal, But Fundamentals Wouldn't Change Much: Kilduff.
Kilduff's remarks accompany a new wave of market forecasts.

Sep 09 - Latest Singapore MFM Comments Highlight Again the False Economy of Artificially Lower Bunker Prices
"Maybe we should be thinking about getting the quantity we pay for," Adrian Tolson, Senior Partner at 20|20 Marine Energy, tells Ship & Bunker.

Sep 09 - Port of London to Implement Discount Programme for Emission Reducing Vessels
PLA says it will provide discounts on port dues to vessels with emission levels that meet an Environmental Shipping Index score of 30, or above.

Sep 09 - Iran Raising Output Despite Support for Oil Market Stabilization
Going into the freeze talks later this month, Iran will boost production by 300,000 bpd.

Sep 08 - Freight rates jump as Hanjin collapse spurs supply shock 

The cost of transporting containers from ports in Asia to Northern Europe and the United States jumped this week after the collapse of South Korean Hanjin Shipping Co Ltd. Container spot freight rates on the world's busiest routes from Asia to Northern Europe jump 36.6 percent to $949 per twenty-foot equivalent units (TEU) this week. Rates increased by 51 percent to the U.S West Coast and 45 percent to the U.S. East Coast. Click here to read full stories.

Sep 08 - Shipyard groups Damen, Fincantieri potential STX France buyers - paper

Dutch group Damen shipyards and Italian group Fincantieri are the two potential buyers that have emerged for STX France, a shipyard subsidiary of the struggling South Korean group STX Corp, French daily Le Monde said on Thursday. "Two foreign candidates, Italy's Fincantieri and Holland's Damen are fighting over the last big French company of the (shipyard) sector," Le Monde said, citing several sources. Click here to read full stories.

Sep 08 - Low water hampers Rhine and Danube river shipping in Germany 

Low water levels after recent dry weather are preventing cargo vessels from sailing fully loaded on the Rhine and Danube rivers in Germany, traders said on Monday. Low water is hampering shipping on most of the Rhine between Duisburg, Cologne and Mainz, traders said. Click here to read full stories.

Sep 08 - Lead Hanjin creditor signals new funds for shipper unlikely

The lead creditor bank for South Korea's Hanjin Shipping Co Ltd  said it will be difficult to accept a court request to provide the firm new funds - funds seen vital to resolving the problem of cargo stranded around the world.A Korea Development Bank spokesman said providing extra funding to Hanjin could lead to breach of trust issues as there was no certainty that additional support would help the company survive. The bank is still considering the request and has not made a final decision yet, he said. Click here to read full stories.

Sep 08 - Singapore: VPS Endorses New Procedure for Surveyors Working with Mass Flow Meters. "We will strongly encourage the shipping industry to use this SOP for monitoring MFM delivery in Singapore & other ports of call," says VPS.

Sep 08 - ExxonMobil Insight: Part 2 - ECA Fuels
In the second of the series, ExxonMobil discusses how its Premium ECA fuels can help operators to comply with sulphur emission legislation.

Sep 08 - AkzoNobel Claims 6% Bunker Savings with New Fouling Control Coating
Akzo Nobel says its newly launched Intersleek 1000 has demonstrated fuel and CO2 savings of up to 6 percent.

Sep 08 - Physical Bunker Suppliers are "Working on a Sales Paradigm that No Longer Exists". Physical suppliers are "surrendering 100% security of their receivables to traders at the ship's manifold," Marc Gawthrop tells Ship & Bunker.

Sep-07 - Crude Prices Continue to Edge Up
Bunker prices were firmer in the primary ports.

Sep 07 - IBIA Finalises SOP for Surveyors in Singapore to Harmonise Approach to MFMs
The SOP has been developed to address industry concerns and benefit all parties in the bunkering supply chain, says IBIA.

Sep 07 - ExxonMobil: "No One Solution" for Shipowners in the Face of Tightening Emissions Regs
Iain White, global marketing manager at ExxonMobil Marine, says shipowners will have to find the solution that works best for them.

Sep 07 - Refiners Said to Have "Little Interest" in Fixing Residual Fuel Problem Posed by 0.5% Global Sulfur Cap

Ship & Bunker data indicates that at current prices, marine's annual bunker bill would rise by $50 billion if only distillates were burned.

Sep 07 - Rolls-Royce Improves Fuel Efficiency by 5% in Latest MTU Engines
MTU Series 4000 diesel engines has shown a 5 percent reduction in fuel consumption alongside a 45 percent increase in output.

Sep 07 - ABB Says 10% Bunker Savings from New Azipods are a "Leap in Fuel Efficiency"
The Azipod XL propulsion unit is up to 20 percent more fuel efficiency than modern shaft line propulsion systems, says ABB.

Sep 07 - U.S. judge grants Hanjin temporary protection from U.S. creditors 

Korean shipping line Hanjin Shipping Co Ltd won an order on Tuesday from a U.S. judge extending bankruptcy protections so its vessels can dock at U.S. ports without fear creditors will try take actions against the ships as they have in other countries.U.S. Bankruptcy Judge John Sherwood approved a motion by the world's seventh largest container carrier that sought to extend to the United States the protection from creditors that it has under receivership in South Korea.

Sep 06 - Industry Veteran Paul Davis Joins Ship & Bunker as Director of Sales and Partnerships. Paul, who beings his new role effective October 1, 2016, will be based predominantly in the UK.

Sep 06 - LR Collaborates with HHI and HMD on Ship-to-Ship LNG Bunkering Study
The study aims to verify the practicability of ship-to-ship bunkering between 6,600 m3 LNG bunkering ships and 14,000 TEU LNG-fuelled container ships.

Sep 06 - LNG Bunkering to Feature in New Kongsberg Simulator
Kongsberg Digital, has signed contracts with Sweden's Chalmers University of Technology and others to develop the system..

Sep 06 - Big Oil Companies Set For Production Increase Into The 2020s
Projects will kick in and cash flow will improve beginning next year, say experts.

Sep 06 - Hempel & DNV GL Renew Declaration of Support for ISO 19030
The two companies say they will continue efforts to work together to embrace the standard that promotes fuel savings within the shipping industry.

Sep 06 - Low water hampers Rhine and Danube river shipping in Germany 

Low water levels after recent dry weather are preventing cargo vessels from sailing fully loaded on the Rhine and Danube rivers in Germany, traders said on Monday.Low water is hampering shipping on most of the Rhine between Duisburg, Cologne and Mainz, traders said.

Sep 06 - Hanjin's creditors ready to provide $90 mln in funds-govt officials 

Hanjin Shipping Co's government-backed creditors are ready to provide the collapsed carrier with roughly 100 billion won ($90.60 million) of loans if Hanjin's parent provides collateral, South Korean government officials said on Tuesday.The funding, however, is seen as falling far short of what the world's seventh-largest container carrier needs after filing for court receivership last week when its creditors, led by Korea Development Bank (KDB), decided to halt support. Click here to read full stories.

Sep 05 - Putin: OPEC Oil Freeze Is "The Right Decision" - And Saudi Agrees On Condition Of Unanimous Participation
However, the point is raised once more that a freeze won't help the market.

Sep 05 - RBC: Expect Oil Markets To "Be Sloppy Until Year-End"
But oil in the $40s does not bother some U.S. shale producers.

Sep 05 - Banks Need to Play a Bigger Role in the Uptake of More Fuel Efficient Tonnage: CWR
Financiers are in a key position to reshape the makeup of the global shipping fleet through their investment decisions," says European Investment Bank.

Sep 05 - World's Largest LNG-Powered Ethane Carrier Classed by ABS
Navigator Gas had announced that it had taken delivery of the newbuild hybrid ethane/ethylene carrier, Navigator Aurora, in August.

Sep 05 - Caterpillar to Provide Propulsion to World's "Most Fuel Efficient" Ferries
Caterpillar Marine will provide engines and required gear boxes to Stena Line's four new Ro-Pax ferries.

Sep 02 - MOL Aims to Use Artificial Intelligence to Forecast Bunker Prices
MOL has signed a contract with Yokohama National University to conduct a joint study on the analysis and use of "big data" related to ocean shipping.

Sep 02 - World Fuel Services to Close Connecticut Office: Sources
WFS has not yet publicly commented on the matter, but a source has told Ship & Bunker CT staff have the opportunity to move to its New Jersey office.

Sep 02 - Nine Percent Drop For Crude Heralds Biggest Weekly Decrease In Eight Months
Investor focus on growing U.S. stockpiles is responsible for the drop.

Sep 02 - Saudi Wants A Freeze And Prices North Of $60, Say OPEC/Industry Sources
Higher prices would benefit the kingdom's sale of state-owned Armaco.

Sep 02 - Lowering GHG Emissions Gives Better Than Expected Bunker Cost Savings: Study
The study found savings for a capesize were nearly $1.5 million annually.

Sep 02 - No Longer Any Financial Benefit for TC Owners to Make Their Vessels More Fuel Efficient

"Efficient vessels do not appear to deliver significant rewards for anyone other than the fuel payer," a new study concludes.

Sep 01 - Shipowners slash costs, leaving some crews unpaid, unsafe as downturn bites

Unpaid, underfed, and thousands of miles from home on a rusting tanker, captain Munir Hasan says he is a victim of a shipowner who has slashed costs in the face of an eight-year shipping downturn. Marooned on the medium-sized tanker Amba Bhakti that is moored close to Shanghai and is in urgent need of repair, Hasan claims he and his crew of four from India and Bangladesh have not received their wages from the owner, Varun Shipping, since February and are now owed tens of thousands of dollars.

Sep 01 - More Hanjin ships seized, as freight rates surge and cargo owners fret

Hanjin Shipping Co Ltd vessels have been seized at Chinese ports in the wake of the South Korean firm's collapse, further roiling the industry as freight rates jump and manufacturers scramble for alternatives. Seeking to contain the fallout, a South Korean court said it would soon begin proceedings to rehabilitate the carrier - which would allow Hanjin to take legal action in other countries to keep its ships and other assets from being seized.

Sep 01 - Weak freight rates push S.African shipping firm Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects demand for commodities to pick up this year. Africa's biggest shipping group, which is present in 37 countries worldwide, reported a headline loss per share of 50.8 cents for the six months to June 30 versus a profit of 43.6 cents a year earlier.

Sep 01 - Hanjin Panamax Arrested in Singapore
The 1998-built Hanjin Rome was detained on Monday.

Sep 01 - Saudi Arabia Sends Mixed Signals About Adding to a "Saturated" Global Market
In the same interview, the kingdom stated it won't further flood the market but will, however, meet consumer demand at any price.

Sep 01 - On Again Off Again Iraq Is On Again For An OPEC Production Freeze

Prime Minister Haidar Al-Abadi says the drop in oil prices is causing volatility in his country.

Sep 01 - Sixth of Eight Eco-Friendly LNG-Ready Tankers Launched for Sea-Vista
The Constitution is a 50,000 DWT LNG-conversion-ready product tanker.

Sep 01 - Hanjin Shipping Files for Court Receivership as Creditors Withdraw Backing
Move paves the way for what could be by far the biggest ever container shipping failure.

Aug 31 - ABB Turns to Torque Monitoring for Latest Bunker Saving Tech
"The shipping industry is turning to technology to make their fleets more efficient," says ABB's Juha Koskela.

Aug 31 - SK Shipping Chooses Dual-Fuel Engines for 2 New LNG Carriers
The engines are capable of burning LNG, HFO, MDO, and MGO.

Aug 31 - Oil Prices Drop as Iran Does About Face and Declares Production Increase By Year End
The Islamic republic plans to boost output by 200,000 barrels per day.

Aug 31 - Maxum Petroleum Announces New Bunkering Vessel
The 150,000 gallon vessel is said to have six pairs of cargo tanks that provide capacity for 3,700 barrels of MGO and 24,000 gallons lube oil.

Aug 31 - Crude Down for a Second Day
Bunker prices were again softer in the primary ports.

Aug 30 - Decision on Sri Lanka Bunkering Project Depends on China Talks, Says Minister
"We are awaiting proper advice from the government regarding the Chinese," says Sri Lanka Ports Minister Arjuna Ranatunga.

Aug 30 - Iraq, Not Saudis, Earmarked As The Likely Heavy In The September Freeze Talks
Bloomberg's Julian Lee says the country is in full-tilt expansion mode.

Aug 30 - Pre Freeze Talk Weeks Will See Turbulent Oil Market And 10 Percent Swings: Analyst
Other experts wonder how long the market will swing between $45 and $50 with no real direction.

Aug 30 - Wärtsilä and Gasum Partner to Develop Marine LNG Markets
The companies have signed an agreement to develop the use, distribution, and service solutions for natural gas in marine and onshore applications.

Aug 30 - Crude Down as US Dollar Pressures Prices
Bunker prices were softening in the primary ports.

Aug 29 - Three More Decisions Go Against Physical Suppliers Claiming for Unpaid Bunkers in the US
Aegean and CEPSA are among the latest suppliers to be told they do not meet the criteria for a maritime lien as per CIMLA.

Aug 29 - World Fuel Services-John Keells Holdings JV Among Bids for Hambantota Bunkering Operations: Reports
Adani Bunkering, CPC, and CPSTL also submitted proposals.

Aug 29 - Venezuela, Iran Hold Oil Price Stability Talks
Venezuelan president Nicolas Maduro says further related announcements will be made in the coming weeks, but provided no specific details.

Aug 29 - Kawasaki System Meets Tier III NOx Requirements Without Bunker Consumption Penalty
K-ECOS uses exhaust gas recirculation and emulsion fuel among other technologies.

Aug 29 - U.S. FMC "Stops the Clock" on Proposed Ocean Alliance
Commissioner William P. Doyle has voted to in favour of a RFAI from the parties of the proposed "Ocean Alliance," pausing progress on alliance approval.

Aug 29 - Shipowners slash costs, leaving some crews unpaid, unsafe as downturn bites 

Unpaid, underfed, and thousands of miles from home on a rusting tanker, captain Munir Hasan says he is a victim of a shipowner who has slashed costs in the face of an eight-year shipping downturn.Marooned on the medium-sized tanker Amba Bhakti that is moored close to Shanghai and is in urgent need of repair, Hasan claims he and his crew of four from India and Bangladesh have not received their wages from the owner, Varun Shipping, since February and are now owed tens of thousands of dollars. Click here to read full stories.

Aug 29 - Hapag-Lloyd CEO says planned UASC merger benefits to show in 2017 

German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from its planned merger with Arab rival UASC next year, and realise them fully from 2019, its CEO said on Friday.The company, which swung into the red in the first half of this year as tumbling freight rates hurt its business, signed a binding agreement with United Arab Shipping Company (UASC) in July to form the world's fifth largest shipping company by the end of 2016. Click here to read full stories.

Aug 26 - Kilduff Trashes Reliability Of Any OPEC Freeze Deal, But Croft Puts Faith in Saudi's Conciliatory Tone
Meanwhile, oil prices drop again with news of U.S. supply build-up.

Aug 26 - Crude Up Again On Iran Declaring Participation In Algeria Freeze Talks
The Saudis claim they are interested in what their "colleagues" have to say.

Aug 26 - BG Freight Line Orders Four Fuel Efficiency Container Ships for the Irish Sea
The move is said to be driven an effort to control costs in the face of tightener environmental regulations.

Aug 26 - Iran Eyes Involvement in Nicaragua Alternative to Panama Canal
Foreign Minister Mohammad Javad Zarif discussed the country's possible involvement in the project during a visit to Nicaragua on Tuesday.

Aug 26 - War of Words Heats Up Over Gibraltar LNG Bunkering

GSD has accused HMGoG of taking a "u-turn' over the matter.

Aug 26 - Port of Shenzhen to Adopt China ECA Regulation from October 1
The ECA regulations require ships at berth in affected ports use fuel with a sulfur content of no more than 0.5 percent.

Aug 25 - Baltic Exchange board backs SGX bid for London firm 

The Baltic Exchange board has unanimously backed a takeover bid from Singapore Exchange Ltd, a deal that will give SGX access to a trading platform for the multibillion-dollar freight derivatives market. The exchanges have agreed on the terms of the SGX offer, they said in a joint statement on Monday, with Baltic shareholders entitled to 160.41 pounds per share plus 19.30 pounds per share as a final dividend, giving the business a total valuation of about 87 million pounds ($114 million). Click here to read full stories.

Aug 25 - Weak freight rates push S.African shipping firm Grindrod to H1 loss 

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects demand for commodities to pick up this year. Africa's biggest shipping group, which is present in 37 countries worldwide, reported a headline loss per share of 50.8 cents for the six months to June 30 versus a profit of 43.6 cents a year earlier. Click here to read full stories.

Aug 25 - Crude Down as EIA Reports Rising US Inventories
Bunker prices were soft in the primary ports.

Aug 25 - EU Recommends Co-Funding for Containerships' LNG-Powered Vessels
Containerships says the recommendation is a "remarkable recognition" of its environmental strategy.

Aug 25 - Swedish Government Orders Study on NOx ECA Impacts

The Swedish Government says it will investigate the impacts that a NOx ECA in the Baltic and North Seas will have on Swedish industry.

Aug 25 - Norsepower Receives €2.6 Million Funding for Bunker Saving Rotor Sail Tech

The funding is said to be intended to support R&D, including the development of the world's largest Flettner rotor.

Aug 25 - Damen to Provide AEC Scrubbers to Marine Markets
To date AEC Systems has been mainly focused on land-based scrubber systems.

Aug 25 - New Singapore Bunker Industry Association Established
ABIS will largely focus on working with small and medium-sized bunker companies in order to enhance business service quality.

Aug 24 - Two Small Tankers Arrested in Singapore
Vessels are connected to Malaysian and Vietnamese interests.

Aug 24 - Goldman Sachs Dismisses Freeze Talks as Counterproductive, but Crude Bounces on Iran Indicating it Might Support Them
Other unnamed sources take the mainstream view that the upcoming Algeria talks are pointless.

Aug 24 - Port of L.A. Takes Another Step Towards Zero Emissions
California's ARB says Mayor Eric Garcetti has appointed a new advisory board to support the reduction of carbon emissions at the Port of L.A.

Aug 24 - Iran Says Bunkering Capacity Up 33%, but Sector Needs More Investment
"Small-scale activities would not be able to compete in the international arena," says PMO Managing Director Mohammad Saeednejad.

Aug 24 - Credit Suisse: More Negatives Than Positives for Crude Prices, But No Move Back Into The $30s
And again, freeze talks are dismissed as irrelevant.

Aug 23 - Aegean to Redeploy Singapore Barge to New "Beneficial" South African Operation
M/T Tilos is expected to arrive in South Africa in September, Aegean tells Ship & Bunker.

Aug 23 - Iran Readies Oil Deals With Russia, China

The swap plus two key oil field developments will boost Iran's flourishing international status.

Aug 23 - As Crude Drops 3%, Consultant Predicts a Bottom of the $30s With Real Demand Not Occurring Until 2017 or Later
China exports of diesel and gasoline are blamed for Monday's losses along with a steadily increasing U.S. rig count.

Aug 23 - UOB Lists Itself as a $112M Creditor of Searights
The next hearing in the winding up petition is scheduled to be heard this Friday, August 26, 2016.

Aug 23 - Crude Prices Start the Week Down
Bunker prices were softer in the primary ports.

Aug 23 - LNG Bunkering Among Proposed Projects as AG&P Makes "Major Investment" in Korean Firm

Philippines-based AG&P and GAS Entec will work together to provide a variety of products including LNG bunkering systems.

Aug 23 - Baltic Exchange board backs SGX bid for London firm 

The Baltic Exchange board has unanimously backed a takeover bid from Singapore Exchange Ltd, a deal that will give SGX access to a trading platform for the multibillion-dollar freight derivatives market. The exchanges have agreed on the terms of the SGX offer, they said in a joint statement on Monday, with Baltic shareholders entitled to 160.41 pounds per share plus 19.30 pounds per share as a final dividend, giving the business a total valuation of about 87 million pounds ($114 million).

Aug 22 - Technical Analysts Say Oil Heading to $62, Others Insist Fundamentals Mean a Plummet to $30s
For bunkers, in the high case it would mean IFO380 hitting $350/mt.

Aug 22 - Pakistan Eyes Expanding Bunker Market Through China Deal
Arif Elahi, PNSC Chairman, says that the company is interested in developing its bunkering business because of the sector's promising future in the region.

Aug 22 - The Buck, Not The Talks, is Driving What Will be a Short-Term Rally: Cantor Fitzgerald
Cantor's chief market strategist predicts a $35-$45 target for oil in the near future.

Aug 22 - Shenzhen Biaodian Orders 11 Newbuild LNG Bunker Barges
Shenzhen Biaodian will also acquire two LNG bunkering barges from Huaqiang Natural Gas.

Aug 22 - Bunker Price Jump of "Some 60%" Weighs on d'Amico TCE Earnings
DIS reports that is TCE earnings were $144.5 million in the first half of 2016, compared to $158.1 million during the same period of 2015.

Aug 19 -  Crude Up for a Sixth Consecutive Day
Bunker prices continue to rise in the primary ports.

Aug 19 -  Nigeria Doubts OPEC Will Cut Production, As Report Predicts Militants Will Keep the Country's Output Low In 2017 Anyway
But Nigeria's oil minister still thinks the September talks could be productive.

Aug 19 -  Oil Market Now In Bull Territory, Based Precariously On Sentiment: Analysts
Hope for an OPEC freeze deal has caused both benchmarks to rise over 20 percent from the lows of early August.

Aug 19 -  Weekly Vessel Scrapping Report: 2016 Week 32

Have you sold bunkers to a recently scrapped vessel? Check here with's demolition sales from August 11 – August 18, 2016.

Aug 19 -  Vroon Singapore Looks to Micanti Antifouling to Reduce Fuel Consumption
VOS in Singapore says it has chosen Micanti Antifouling to boost bunker savings of its AHTS vessel, VOS Triton.

Aug 19 -  Former OPEC Head Says "Conditions are Set" for Oil Freeze, As Saudis Signal They're Heading For Record Output

Meanwhile, critics point to Nigeria as a prime example of a nation that won't be interested in any proposed cuts.

Aug 18 - Shipping traffic suspended in Turkey's Bosphorus after collision - shipping agent 

Traffic in Turkey's Bosphorus Strait, a key international shipping lane for oil and grain, was suspended on Wednesday after a bulk carrier collided with a coast guard boat, shipping agent GAC said.Six people were rescued and taken to hospital, a spokesman at the office of the Istanbul governor said. Click here to read full stories.

Aug 18 - Hong Kong shipping group calls for aid to crew on arrested coal ship 

The Hong Kong Shipowners Association (HKSOA) on Thursday called on the city's authorities to provide assistance to the crew of a Hong Kong-flagged coal ship off the east coast of Australia that is running out of food and fuel.Local Australian media and Great Britain's Guardian newspaper reported this week that the Five Stars Fujian, a 180,000 dead weight tonne capsesize class coal carrier, has been sitting in the middle of the Great Barrier Reef for the past month with supplies diminishing and salaries going unpaid. Click here to read full stories.

Aug 18 - Philippines' Global Ferronickel may resume China high-grade ore shipments 

Global Ferronickel Holdings Inc, the Philippines' second-largest nickel producer, said on Monday it may resume shipments of higher grade ores to China in the second half of 2016 when prices are anticipated to improve further.The company expects a "better performance" in the second half, after booking losses in the first half on lower volumes and prices, and pass an audit by the government, which has launched a crackdown on miners violating environmental rules. Click here to read full stories.

Aug 18 - Dubai's DP World says delaying Jebel Ali port expansion 

DP World, one of the world's largest port operators, is delaying the expansion of Dubai's Jebel Ali port, its main facility, because of softer market conditions, the company said on Thursday.A plan to add 1.5 million 20-foot equivalent units (TEU) of annual capacity to Terminal 3 at Jebel Ali will be delayed into 2017, while expansion of Terminal 4 will also be slowed, DP World said without giving details. Click here to read full stories.

Aug 18 - Former OPEC Head Says "Conditions are Set" for Oil Freeze, As Saudis Signal They're Heading For Record Output
Meanwhile, critics point to Nigeria as a prime example of a nation that won't be interested in any proposed cuts.

Aug 18 - Analysts, Including Pimco, Believe The Magic Oil Price For Rebalance is $50
Anything higher will trigger incremental supply in the U.S., they say.

Aug 18 - Crude Up for a Fifth Day

Bunker prices continue to increase worldwide.

Aug 18 - Aegean Marine Petroleum Network Founder Steps Down, Company to Buy Back his 22% Stake

Dimitris Melissanidis founded the bunker company 21 years ago.

Aug 18 - Founder of Singapore Top 10 Bunker Supplier Resigns

Panoil Petroleum's Roland Pang said the decision to resign was made in order to spend more time his family.

Aug 18 - Update: "Hijacked" Products Tanker Vier Harmoni "Taken by Own Crew"
The MMEA says it is believed the vessel and her cargo, worth an estimated RM1.57 million ($400,000), has been taken to Batam, Indonesia.

Aug 17 - Products Tanker Vier Harmoni & Cargo Hijacked off Malaysia
The MMEA says it is believed the vessel and her cargo, worth an estimated RM1.57 million ($400,000), has been taken to Batam, Indonesia.

Aug 17 - Venezuela Heading For Steepest Oil Output Drop in 14 years, Now An International Supply Risk
But for the meantime, Venezuela's woes appear to be a gain for the market.

Aug 17 - Oil Rally Continues As UBS Warns Of Pointlessness Of OPEC Stabilization Talks

UBS says a freeze is likely just as difficult as the failed attempt back in April, but arguably not as needed.

Aug 17 - OPEC Freeze Expectations Still Drive the Oil Markets Today

Bunker prices were firm again today.

Aug 17 - Sri Lanka Again Turns to China to Develop Hambantota, but Critics Say its Being "Given Away" to Settle Debts
The government is said to have made the move as part of an effort to minimise the losses that it has incurred through the project.

Aug 16 - TSA Defends "$228M Overcharge" Bunker Cost Calculation
"The Panama Canal expansion has only just opened so it's a little early to be making assumptions about how it will impact carrier's bunker costs," TSA tells Ship & Bunker.

Aug 16 - Increased Traffic from Expanded Panama Canal Will Be a "Major Challenge" for New York-New Jersey, Says BMI
BMI Research says the problems that the port of New York-New Jersey will have in taking advantage of increased traffic will be short term.

Aug 16 - Sentiment And Symbolism is Driving Oil Price Surge - Once Again: Analyst
Other experts worry that the 10 percent market gain over the last three trading days will lead to a correction.

Aug 16 - Russia/Saudi Price Stability Talks Developing In "Tangible" Way: Energy Minister
Alexander Novak says his nation is ready to implement joint measures that will improve the global market.

Aug 15 - Crude Prices Continue to Rise
Forecasters are still predicting an active Atlantic Hurricane season and all it will take is some strong winds for oil prices to move even higher.

Aug 15 - Bourbon Suspends Dealings With Monjasa Over Nigeria "Illegal Bunkering" Ruling
The Paris-headquartered company cites "Compliance rules" as the reason for the move.

Aug 15 - Crude Gains Continue, but Analyst Warns Defending Market Share Will Remain Top Priority For Saudis
They also warn that low prices will be a fleeting consideration in the long term.

Aug 15 - Kenyan Cabinet Approves Bid To Pump Oil Commercially By 2017
An estimated 750 million barrels of recoverable reserves will be tapped starting next summer.

Aug 12 - Global container throughput growth slumps (Alphaliner)
- Global container throughput is expected to grow by only 0.3% this year, as the weak volume growth recorded in the first half of 2016 dragged full year volume projections down. This year is expected to yield the second lowest annual growth rate since 2009, when a record year-on-year decline saw global container volumes shrink by -8.3% in the aftermaths of the Lehman Bros failure.
- Total throughput at the world’s top 30 container ports is estimated to have grown by only 0.2% in the first six months of the year, with weak growth recorded across all main regions. The top 30 ports currently account for over half of the global container throughput, with aggregated volumes reaching 184.57 Mteu during the first half of the year, compared to 184.28 Mteu in the same period of 2015.
- Out of the top 30 ports, twelve have reported volume reductions, including six ports that are ranked in the top ten. Among the main losers were Hong Kong (down 10.5%), Dubai (down 6.1%), Singapore (down 5.1%), Tanjung Pelepas (down 2.8%) and Rotterdam (down 2.3%). The world’s busiest container port, Shanghai, also reported a –0.8% reduction in total throughput at 17.89 Mteu for the first half of 2016 compared to 18.03 Mteu last year.

Aug 12 - Venezuela Oil Production Falls To 40 Year Lows As OPEC Admits To Lower-Than-Predicted Global Demand
OPEC also cites more refined products as "adding to the oversupplied market".

Aug 12 - Competitively Priced, ECA Compliant, Sustainable Biofuel Bunkers Will be a Reality in the Near Future
"Developing the first of anything is always going to cost more," Chuck Red, Vice President at Applied Research Associates tells Ship & Bunker.

Aug 12 - Bunker Jobs: Global Trading House Seeks Singapore-Based Senior Trader / Sales Manager
We are also opening this role to experienced tanker / dry bulk Charters / Brokers in Singapore who are looking to make a career change.

Aug 12 - Intertek ShipCare Launches New Flagship Investigative Service Focused on New "Non-Traditional" ECA Fuels

The new Intertek ShipCare PT5 Organic Deposition initiative is designed to identify potential issues with the stability and compatibility of all marine fuels.

Aug 12 - Bunker Saving Antifouling Solution Selektope Launched Into Mainstream Market
CMP says Selektope is now available to the mainstream market through its new generation SEAFLO NEO product line.

Aug 12 - GAC Hails its "New Generation" of Bunker Traders

Aug 11 - Singapore's SGX urges Baltic Exchange shareholders to back bid for historic London firm

Singapore Exchange Ltd (SGX) plans to buy one of London's oldest institutions, the Baltic Exchange where shipping rates are published, and urged shareholders on Thursday to support a deal. As the global shipping industry struggles with the worst market conditions for decades, SGX offered shareholders in the privately-owned Baltic Exchange 160.41 pounds in cash per share, for a total 77.6 million pounds ($102 million). Click here to read full stories.

Aug 11 - Port Hedland July iron ore shipments to China drop 6 pct from June

Iron ore shipments to China from Australia's Port Hedland terminal used by BHP Billiton and Fortescue Metals Group, declined to 32.5 million tonnes in July from a record 34.5 million tonnes in June, port data showed. Metals traders cited fewer cargoes of stockpiled ore at the world busiest port of its kind for the drop. Click here to read full stories.

Aug 11 - "Desperate" Venezuela Calls For Freeze Talks Despite Critics Dismissing Them As An Empty Gesture Or Not Needed
One analyst states that only Saudi Arabia can alleviate Venezuela's economic woes.

Aug 11 - Saudi Arabia And Iran Pump Record Volumes As Analysts Warn Again of Supply Glut

The news sent oil prices down again after a modest one-day rally.

Aug 11 - IBIA Members Push for Transitional Issues Associated with 0.50% Global Sulfur Cap to Be Raised at IMO

Some members argue that the 2020 date could present a "huge risk" that the 0.50% cap will be widely ignored.

Aug 11 - Russian Player Reports Massive Drop in Bunker Volumes for First Half of 2016

Revenues of the company's bunkering division fell to $3.1 million during the first half of 2016, compared to $66.2 million during the same period of 2015.

Aug 11 - Singapore Hits 100 Mass Flow Meter Bunker Tanker Milestone
As not all vessels are expected to get MPA approved MFMs, it means about 75% of those projected to be fitted with MFMs have now done so.

Aug 10 - Oil Companies Face $110-billion in Debt, Default Rates Are Rising: Moody's Most of the debt is junk-rated.

Aug 10 - OPEC Predicts Higher Oil Demand This Year But Analysts Say The Cartel Now Has Little Influence Over Prices

Basic economic cycles will push oil into the $50s, says one expert.

Aug 10 - Russia, Azerbaijan, and Iran Eye Alternative to Suez Canal Route
The countries are said to be undertaking a "flag-ship project" to utilise the International North–South Transport Corridor.

Aug 10 - OOCL Slashes 41% From 1H 2016 Bunker Bill
But the box carrier still posts a $56.7 million loss.

Aug 10 - July ReCAAP Report: Hijackings of Ships for Theft of Oil Cargo has Decreased
The report indicates that there was a total of four reported incidents of armed robbery against ships reported in Asia during July.

Aug 09 - Oil Pros Say Time to Buy Oil is Now as Prices Are Heading Towards $51

Ship & Bunker data suggests such gains would add around $40/mt to IFO380 bunkers in the Primary ports.

Aug 09 - New Conventional and LNG Bunkering Facilities Planned in Suez
The first phase of the project is slated for completion by 2017's first quarter, Arab Petroleum Pipelines Company tells Ship & Bunker.

Aug 09 - TS Taipei Wreck Removed from Reef 5 Months After Grounding and Bunker Spill
The TS Taipei, which grounded off Shimen, Taiwan in March, caused a large bunker spill after the vessel fractured in the middle.

Aug 09 - Canadian Capital Launches Country's Largest Electric Propulsion Tour Vessel
The 100-passenger vessel, named The Queen Elizabeth Dr., is the first of two such planned vessels.

Aug 09 - Resurfacing Oil Freeze Rumours Boost Prices, Rekindle Debate Over Its Efficacy
While some cite several reasons that things might be different this time, as before, critics warn that freeze talks are little more than opportunistic P.R.

Aug 08 - Wild Ride Ahead for Bunker Prices as Bank Predicts Volatility with $25-$90 Crude Spread Over the Next Few Years

Saudi Arabia is said to be keen on the volatility and could reap huge rewards.

Aug 08 - Independent Fuel Availability Study Suggests "Extreme Difficulty" in Meeting Demand for 0.50% Sulfur Cap in 2020

The study reaches an opposite conclusion to an IMO commissioned study.

Aug 08 - Gazpromneft Marine Bunker Moves to Round the Clock Supply in Murmansk

Gazpromneft says the initiative is a cooperative effort with Gazprom Oil and Gazprom Neft - Lubricants Ltd.

Aug 08 - Port's Reduction in Emissions of SOx Dismissed as "Old News"

"There's still an emission issue, whether it's a health issue or not we don't know," says local residents association.

Aug 08 - Singapore Set for Tightening Fuel Oil Market

After a huge volume of fuel oil was traded in Singapore earlier in the year, supplies that had to be placed into floating storage are now almost empty.

Aug 05 - Industry Insight: The Growing Challenges of Managing Slops Disposal: A Sustainable Alternative
The European Sea Ports Organisation (ESPO) has placed ship and port waste as a 'top ten' environmental priority for European ports in 2016.

Aug 05 - Venezuela in Renewed Effort to Raise Oil Prices as OPEC Output Slips in July
Venezuela is reportedly hoping the cartel will discuss a production freeze in September.

Aug 05 - Finnlines Financials Boosted Through Use of Fuel Oil + Scrubbers for ECA Compliance
The ECA ferry operator notes that it has successfully completed scrubber installations on 18 out of 22 of its ro-ro and ro-pax vessels.

Aug 05 - As WTI Climbs 6% in 24 Hours, Noted Trader Warns of "Violent" Upward Reversal in Prices
Andy Hall is the latest expert to offer an outlook that runs contrary to conventional wisdom.

Aug 05 - The End of Legacy Yahoo Messenger: A Reminder of What We Should be Doing.
"We urge our colleagues at Monjasa to use the telephone, and actually have an 'old fashioned dialogue'," Monjasa tells Ship & Bunker.

Aug 05 - Today Yahoo Ends Support for "Legacy" Yahoo Messenger. This is What you Need to Know.

Introduced 18 years ago, Yahoo has been the messenger of choice for the bunker industry.

Aug 05 - Singapore's SGX urges Baltic Exchange shareholders to back bid for historic London firm 

Singapore Exchange Ltd (SGX) plans to buy one of London's oldest institutions, the Baltic Exchange where shipping rates are published, and urged shareholders on Thursday to support a deal. As the global shipping industry struggles with the worst market conditions for decades, SGX offered shareholders in the privately-owned Baltic Exchange 160.41 pounds in cash per share, for a total 77.6 million pounds ($102 million).

Aug 04 - Singapore Exchange looks to buy London's Baltic Exchange for $103 mln

Singapore Exchange Ltd (SGX) said it planned to offer 77.6 million pounds ($103 million) to buy London's Baltic Exchange and was seeking support from Baltic's shareholders for the deal. In a statement on Thursday, SGX said it sought to acquire from Baltic shareholders their issued ordinary share capital for 160.41 pounds in cash per share, representing a total consideration of 77.6 million pounds. Click here to read full stories.

Aug 04 - With eye on China, India doubles down on container hub ports

An Indian conglomerate has started building the country's first transshipment port, conceived 25 years ago, and the government will construct another $4-billion facility nearby to create a shipping hub rivalling Chinese facilities in the region. New Delhi will grant billionaire Gautam Adani 16 billion rupees ($240 million) so-called "viability gap" funding to help the new port at Vizhinjam, on India's southern tip, win business from established hubs elsewhere in Asia. Click here to read full stories.

Aug 04 - Still waters: U.S. to crack down on ocean noise that harms fish

The ocean has gotten noisier for decades, with man-made racket from oil drilling, shipping and construction linked to signs of stress in marine life that include beached whales and baby crabs with scrambled navigational signals. The United States aims to change that as a federal agency prepares a plan that could force reductions in noise-making activities, including oil exploration, dredging and shipping off the nation's coast. Click here to read full stories.

Aug 04 - Bunker, Emissions Reduction Technology Could Radically Impact Future Shipping Patterns
"If you look at the options, you can see that some solutions are only really viable for certain sizes of vessel," Dr Michael Traut tells Ship & Bunker.

Aug 04 - Maersk Line Says it Has No Plans to Acquire HMM
Robbert Van Trooijen, Maersk Line's Asia Pacific CEO, says 2M is cooperating with HMM in an effort to enhance its trans-Pacific capacity.

Aug 04 - Port of Rotterdam Set For First LNG Bunkering Operation

Terntank's LNG-powered product tanker Ternsund is slated to arrive at the Port of Rotterdam on August 8, where it will be bunkered with LNG.

Aug 04 - Poseidon Med II Holds Workshop on Potential for LNG Bunkering at Heraklion Port
The port is said to be expected to "play an important role in the introduction of LNG as marine fuel in the East Mediterranean."

Aug 04 - Port of Tacoma LNG Bunkering Station Gets Easement Approval from Northwest Seaport Alliance

The Northwest Seaport Alliance approved two easements for Puget Sound Energy's project on Tuesday.

Aug 03 - World Fuel Services Under Investigation by US Department of Justice
WFS says the investigation pertains to matters related to its aviation, rather than marine, activities.

Aug 03 - Investment Reductions Will Significantly Change Supply and Demand Dynamics As Early As This Year: ABN Amro
A separate analyst calls the reduction "a ticking time bomb" that will benefit U.S. shale.

Aug 03 - US Crude Falls Under $40/bbl, But Bulls See Opportunity
Now's the time to invest in U.S. majors, says analyst.

Aug 03 - Top 5 Singapore Bunker Supplier's Vessel Detained on Suspicion of Illegal Bunkering
The bunker vessel was one of three detained by Malaysian authorities on Sunday.

Aug 03 - Bunker Sales Volume at Vladivostok Continues to Show Dramatic Decline
For the seven months to July bunker sales at Vladivostok are about a third of the total for the period last year.

Aug 03 - Monjasa Issues Winding Up Order Against Singapore's Searights
"We have sought to reach a solution with our counterpart for a considerable time period but the issue remains unresolved," Monjasa tells Ship & Bunker.

Aug 03 - Singapore Exchange prepares formal offer to buy UK's Baltic Exchange - sources 

Singapore Exchange Ltd (SGX) is readying a formal offer to buy London's Baltic Exchange following months of discussions that culminated in exclusive talks between both parties, sources familiar with the matter said on Tuesday. Founded in 1744, the privately-owned Baltic Exchange is no longer a forum for chartering vessels but owns benchmark indexes for global shipping rates and provides a trading platform for the multi-billion dollar freight derivatives market.

Aug 02 - Analyst Calls Singapore a "Parking Lot" of Product as Oil Dips Under $40
Diverse circumstances are also causing analysts to predict that oil will "go lower from here."

Aug 02 - Baltic Dry Index Could Still Return to Record Lows of February: Precious Shipping CEO

The Baltic Dry Index sits at 650 after breaking the 700 mark in July.

Aug 02 - Panama Canal Authority Refutes Media Reports of Three Collisions Since Expansion Opening
ACP has confirmed just one incident of a vessel scraping a wall at the new dock on the Atlantic side of the newly expanded Panama Canal.

Aug 02 - Petrobras Begins Offering RMK500 at Port of Santos

The company further noted that "ISO 8217:2010 specification for residual marine fuels is guaranteed."

Aug 02 - Analysts: Expect Little Impact From New OPEC Chief As Low Prices Create Further Discord In The "Hibernating" Cartel
Mohammed Sanusi Barkindo's monumental task is to resolve disputes within the organisation.

Aug 02 - IBIA Asia Establishes Singapore Bunker Surveyor Sub-Committee

IBIA Asia has established the sub-committee to support the development of standard operation procedures on MFM for bunker surveyors in Singapore.

Aug 01 - Another Player Exists Singapore Market After MPA Revokes AC Oil's Bunker Licences
The MGO only supplier had not even held the licences for a complete year.

Aug 01 - Bomin Appoints New Director of Global Sales
Henrik Robdrup will "support the company's ambitious growth plans," says Bomin.

Aug 01 - Verifying Eco-Technologies: How Third Parties Can Help Commercial Credibility

Never before has it been so important for technology manufacturers to be able to prove their value.

Aug 01 - IBIA Asia in "Ideal" Position to Train Industry on MFM Use, Says Organisation

IBIA says it plans to offer a one day general course on MFM beginning in September, called "Familiarisation on Bunker Mass Flow Metering."

Aug 01 - Anadorko and Hess Foresee $60 Crude in 2017 And Resumption Of U.S. Activities
The companies shared their optimism as crude made its biggest monthly loss in a year.

Aug 01 - Kilduff Warns of $35 Oil And "Knockout Blow" To Many Companies
The analyst's comments come on the heels of a dismal week for the market and poor Q2 reports from producers.

Aug 01 - Singapore Bunker Suppliers: Top 20 Player Searights Out, Maersk Oil Trading In
The number of suppliers in the world's biggest bunkering port remains at 59.

Jul 29 - Weak transpacific demand claims another casualty (AlphaLiner)
- Weak demand in the Far East-North America transpacific trade has forced CMA CGM, Hamburg Sϋd and UASC to withdraw their joint Far East - USEC ‘Vespucci/ APNE/NEU 1’ service, with the Transatlantic leg of this pendulum service to be replaced by a new North Europe-USEC service. The loop’s last sailing from the Far East is planned from Qingdao on 3 August, with the three carriers to offer alternative all-water services through slot arrangements (see page 3).   
- The withdrawal of this Far East - USEC service during the traditional summer peak season is a further sign of this year’s weak market conditions in the transpacific trade. It marks the withdrawal of the third transpacific service involving CMA CGM and UASC this summer, following the suspension of the Ocean 3’s Far East - USEC ‘Manhattan Bridge/AAE 3/AUC-2’ and the Far East - USWC ’Bohai/AAC/AWS-2’ service in June, which also involved the Ocean 3 partner CSCL (now part of COSCO).  
- Earlier this year, at the end of May, CMA CGM had already abandoned plans to deploy its 17,800 teu 'Great Explorers' class flagships on the Asia - US West Coast route and instead chose to stick with 11,300 teu tonnage on the service. The G6 carriers meanwhile also confirmed the that the suspension of their Far East - USWC service ’CC1’, implemented in mid-June, would be continued until further notice.
- The aforementioned service withdrawals and downgrades are expected to reduce total weekly capacity on the Asia to North America corridor to 429,000 teu by September. Based on Alphaliner’s trade capacity survey, this figure marks a decline of -4.0%, against to the corresponding period of last year.

 Jul 29 - ING Seeks Double the Original Invoice Total to Settle an Outstanding OW Bunker Debt
In a new case this month, OW Bunker assignee ING is seeking $415,898.41 to settle a $206,735.32 bunker bill.

Jul 29 - U.S. Crude Enters Technical Bear Market Amid New Predictions That Prices Will Remain in the $45-$50 Range In 2017
The possibility of oil in the 30s is still strong, say analysts.

Jul 29 - ESPO: LNG Bunkers Most Promising Medium Term Solution for Shipping Emissions
ESPO also advocates the increased use of shore power to reduce ship emissions at ports.

Jul 29 - Approval of LNG Bunkering at Port of Fremantle an "Australian First"
EVOL LNG Thursday announced that Fremantle Ports has given the company approval to bunker LNG at the port.

Jul 29 - $70 Crude Inevitable, Even Though Citigroup Says Fuel Oil Demand has "Dropped Off the Planet"
But the company says overall "oil demand has been pretty robust" and doesn't see it dropping.

Jul 28 - Bigger Panama Canal logs one incident in first month – Administrator 

The Panama Canal Authority (ACP) has only recorded one incident since the inauguration of its third set of locks, and it was weather-related, its head said on Tuesday. The $5.4 billion canal extension, which allows much larger ships to traverse the canal, opened on June 26. click here.

Jul 28 - Australia foreign investment watchdog OKs $6.8 bln Asciano takeover 

Australia's foreign investment watchdog cleared the A$9.1 billion ($6.8 billion) buyout of port and rail freight giant Asciano Ltd, the company said on Wednesday, paving the way for the country's biggest foreign takeover in half a decade. The Foreign Investment Review Board (FIRB) "has provided written notice that there are no objections" to the deal, which involves splitting Asciano among a host of buyers from Sydney, Canada, China and Kuwait, the company said in a statement. click here.

Jul 28 - World Fuel Services Q2 Bunker Volumes Flat, but Marine Income Slips
Total bunker volumes for the three months ended June 30, 2016, were reported at 2,168.3 million gallons.

Jul 28 - US-Crude Down At 3-month Low, But World Bank Ups 2016 Price Forecast Anyway - Sort Of
Wednesday's decline was triggered by a report of builds in crude and gasoline inventories.

Jul 28 - European Union Biofuels Initiative Found Lacking in Procedure and Supervision: Audit
The European Court of Auditors finds that the shortcomings could compromise the EU's renewable energy transport targets.

Jul 28 - HMD: Shipping Industry Should Not Hesitate Over New Tech in Pursuit of Greener Vessels
The comments came following news that a new LNG powered bulk carrier will have its tanks made out of a novel high manganese steel.

Jul 28 - Baltic Ports to Sign MoU for Common Approach to Shore Power
BPO says the agreement will be signed at the Baltic Ports Conference 2016.

Jul 28 - Reducing Ship Emissions: Could We Ever Replace Traditional Bunkers?
"Fuels, especially low carbon fuels, are a really big and under-researched topic," Dr Michael Traut tells Ship & Bunker.

Jul 27 - GAC Expands Bunkering, Other Services With New Location in Brazil
"The Açu Port is expected to become one of the largest port complexes in Latin America," says Rodrigo Kill, Shipping Manager at GAC Brazil.

Jul 27 - Glander International Bunkering Says Email "Confession" Over Corrupt Practices Was a "Hoax"
The email, that went into considerable detail over the alleged corruption, was dismissed as "baseless and unfounded accusations."

Jul 27 - The Spectre of $30 Oil Resurfaces With Brent's Tuesday Dip Toward $44 Per Barrel

But all will be well next year with a possible high of $75, say analysts.

Jul 27 - Vietnam Authorities Arrest Vessel Over Illegal Bunkering

The Thai ship Takuzan 111 is said to have been found with about 260,000 litres of fuel onboard without the appropriate documentation.

Jul 27 - Singapore And China Among A Long List Of Nations Whose Stored Oil Volumes Confound Experts
Analysts say it's impossible to determine how much oil is really stockpiled globally.

Jul 27 - Time for the Bunker Industry to Get its Ship in Order
A lengthy email this week targeting some very recognizable players is the latest reminder of just how so much continues to go astray in our industry.

Jul 26 - Morgan Stanley Warns of Refinery-Driven Oil Price Correction as Crude Slides Almost 3%
Talk is increasing of prices "going south of $40".

Jul 26 - Latest Trials Highlight the High Cost of Alternative Bunker Fuels
Documents seen by Ship & Bunker show one alternative fuel was purchased for $15,000 per metric tonne.

Jul 26 - Russia Looks to Tax Overhaul to Boost Oil Output, but Impact on Fuel Oil Still Unclear
A new system could cut tax on brownfield sites by between 16 and 20 percent depending on the oil price.

Jul 26 - Gulf of Guinea: Vessel Hijackings Now More About Crew Ransoms than Tanker Cargoes, Says IMB
However, despite a surge in kidnappings off West Africa, overall piracy and armed robbery has declined to its lowest levels in 21 years, says IMB.

Jul 26 - OOCL Extends GHG Reporting with LR to Terminals
OOCL has extended their GHG reporting to container terminals, specifically the Long Beach Container Terminal and Kaohsiung Container Terminal in Taiwan.

Jul 26 - Dutch Company Eyes Bunker Savings and 100 Million Tonne CO2 Reduction from Shipping Using Existing Onboard Tech
We4Sea is said to pull data from existing onboard equipment into simulation software.

Jul 25 - New Study Suggests an HFO Ban Would be "Less Beneficial than Expected" and PM Scrubbers Give Greater Health Benefits Than Sulfur Caps
"Foregoing the ban of the heavy fuel oil use in coastal shipping ... is therefore probably less beneficial than expected,"

Jul 25 - LNG Bunkers Will Not Solve Shipping's GHG Emissions Problem, Says Tyndall Centre Academic
"Whichever way you put it, very drastic reductions in shipping emissions must be made," Dr Michael Traut tells Ship & Bunker.

Jul 25 - Iran Intensifies Investment Efforts While Iraq's Exports Increase; But Nigeria's Recovery Is Problematic
Iran hopes for $60 billion via deals with France and Japan.

Jul 25 - Cruise Ship Fire Linked to Fuel Filter
Human error in the disassembly of a clogged fuel filter has been found as the cause of a November 2015 engine room fire on cruise ship Le Boréal.

Jul 25 - Surplus Prompts Predictions $40 Oil, Warnings That Q2 Will Be The Best For The Foreseeable Future
BNP Paribas and JBC Energy predict $40 oil due to production recovery in other countries.

Jul 22 - Oversupply Worries Once Again Pull Down Oil Prices
Gasoline stockpiles growing by 911,000 barrels last week is said to be one reason for the price plunge.

Jul 22 - US Independents Call For Crude Import Ban To Restart Shale Boom
A grassroots movement is planning to go national later this year.

Jul 22 - IMO Energy Efficiency Measures Workshop Held in Morocco
The workshop, held from July 19-21, was organized under IMO's GloMEEP project, of which Morocco is one of the 10 lead pilot countries.

Jul 22 - Weekly Vessel Scrapping Report: 2016 Week 28
Have you sold bunkers to a recently scrapped vessel? Check here with's demolition sales from July 14 – July 20, 2016.

Jul 22 - Grounded MV Benita: More Than 200 cbm of Contaminated Fuel Oil and Lube Successfully Removed
The vessel is said to remain aground and in a stable condition, with skimming of any oily water residue continuing "as a precaution."

Jul 22 - Weak earnings prompt Hapag-Lloyd and UASC merger - AlphaLiner
- Underlying the headline announcements of the planned Hapag-Lloyd and UASC merger is the harsh reality that both companies are facing significant financial challenges. Despite annual synergy savings of $400 M, which the company hopes to achieve from the combination Hapag-Lloyd’s and UASC’s container shipping businesses, the merged carrier will still require additional financial support from its shareholders.  
- Along with the 18 July announcement of the signing of a Business Combination Agreement (BCA) to merge with UASC, Hapag-Lloyd also issued a profit warning. The German carrier cautioned that lower freight rates and higher bunker costs will result in ’clearly decreasing’ EBIT and EBITDA earnings in the second quarter, with the weak performance expected to persist in the second half of 2016.
- Although full details of UASC’s financial position were not disclosed, the company’s earnings are significantly lower than those of Hapag-Lloyd, with an EBITDA of only $33 M in 2015, and a net loss estimated by Alphaliner at over $350 M last year, after accounting for interest and depreciation expenses. UASC is expected to post another significant net loss in 2016, as interest payments on financial debt of some $4 Bn and high vessel depreciation charges continue to drag down results.
- The combined Hapag-Lloyd/UASC entity plans to raise $400 M of new equity through a rights issue that will be underwritten by four key shareholders - CSAV and Kϋhne on Hapag-Lloyd’s side; together with Qatar Holding and Saudi Arabia’s Public Investment Fund (PIF) on UASC’s side.

Jul 22 - Shipping oversupply to persist despite big scrapping plans – Drewry 

A record number of around 150 container vessels are expected to be scrapped in 2016 but it will not be enough for an industry battling over capacity, low demand and falling rates, consultancy firm Drewry said. In 2015, demolitions were less than half of the expected 2016 level but it will not be a real relief for the struggling container shipping industry. click here.

Jul 22 - Ships worsen air pollution over China, killing thousands – study 

A boom in shipping is aggravating air pollution in China and other nations in East Asia, causing thousands of deaths a year in a region with eight of the world's 10 biggest container ports, scientists said on Monday. Often overlooked compared to cars and factories that are far bigger causes of smog, ship traffic has more than doubled off East Asia since 2005 and some pollution from the fuel oil of ships wafts inland, they here.

Jul 21 - Two South Korean Shipping Lines Slated to Ply Northern Sea Route Until September
Pan Ocean and Kukbo Transportation will be shipping plant facilities to Russia and Kazakhstan by way of the Arctic's Northern Sea Route.

Jul 21 - Titan Petrochemicals Announces Successful Restructuring, Return to Hong Kong Stock Exchange

The company's shares returned to trading on the Hong Kong Stock Exchange on July 15, 2016.

Jul 21 - Oil Prices Expected to Remain Choppy As Russia, Iran, and Libya all Indicate Rising Output
Russia, Iran, and Libya are among the global players either increasing production or recovering its market share.

Jul 21 - Barclays Raises Medium Term Oil Price Outlook, But "Crexit" Threatens to Trigger Another Financial Crisis
Pessimistic analysts warn that a mass exit of lenders from credit markets, the so-called "crexit", could seriously derail any gains for crude.

Jul 21 - Four Men Arrested in Singapore for Fraudulent Possession of MGO
Singapore Police Force say about 25 metric tonnes of MGO was found hidden in the buoyancy tanks of a tug boat on Monday.

Jul 21 - The End of Legacy Yahoo Messenger: The Bunker Industry Says It's Moving to Skype
Several players tell Ship & bunker that they're switching to Skype, but most stress they'll need to use multiple platforms to support their customer's needs.

Jul 20 - Recruiting and Retaining Top Talent at Sea
A recent IMO study revealed that the current officer shortfall stands at about 16,500 officers and if trade increases, this may get worse.

Jul 20 - Oil Prices Will Fall And Stay Low, Say Analysts, But Disagree On The Severity

Everything from overproduction to the rise of Donald Trump are cited as factors in the price plunge.

Jul 20 - Malaysia Sees Growing Importance for Strait of Malacca
The Malaysian Prime Minister's special envoy to China says there is "renewed interest in maritime facilities along the Strait of Malacca."

Jul 20 - Tight Avails Continue in Hamburg Bunker Market
Ship owners are said to have been left to pay steep premiums for the product that is available.

Jul 20 - Low Box Rates, New Alliances Tempers Carrier Shift to U.S. East Coast: Drewry
Drewry says any further shift in the cargo from the North American West Coast to the North American East Coast will be gradual.

Jul 20 - Petro Inspect Expands with New Office in Hong Kong
Mr. Stanley Kwok Junde has been appointed as Director Operations of Hong Kong / China region.

Jul 20 - 0.50% Global Sulfur Cap Could See Singapore, Other Major Bunker Ports Take an Even Bigger Share of the Global Bunker Market: Tolson
"Growth 2020 beyond will be product availability driven," Tolson tells Ship & Bunker.

Jul 19 - Japan Bonded Bunker Sales Grew Nearly 11% in May
Japan sold 1.418 million barrels of bonded bunker fuel in May, up 10.7 percent from the previous month.

Jul 19 - Bangladesh Issues Tender for 160,000 Tonnes of Fuel Oil
The move is said to be part of efforts to buy at cheaper rates, reducing direct-term deals.

Jul 19 - Iran Reportedly Trading With China's Teapots; Also Will Announce Companies Eligible To Develop Its Oil Fields
Meanwhile, former Iran governor for OPEC thinks his republic can still increase oil exports.

Jul 19 - 0.50% Global Sulfur Cap Could See Singapore, Other Major Bunker Ports Take an Even Bigger Share of the Global Bunker Market: Tolson
"Growth 2020 beyond will be product availability driven," Tolson tells Ship & Bunker.

Jul 19 - India The New Catalyst For Oil Demand, Libya The "Wild Card": RBC

India recently posted a four million bpd consumption rate.

Jul 18 - Voting Open for Inaugural Wind Propulsion Innovation Awards 2016
Gavin Allwright, IWSA Secretary says the nominations are a testament to the growth of interest in wind propulsion solutions across the industry.

Jul 18 - Weathernews Boosts Bunker-Saving NSR Routing Support
In the fall the company also plans to launch an "ultra-compact satellite" to monitor Arctic ice conditions along the NSR.

Jul 18 - OPEC Sees Steady Asia Bunker Demand
But generally lower bunker demand in ARA was said to have supported a build in fuel oil stocks, which were 11.6 percent higher year-on-year.

Jul 18 - Russia Far East Bunker Volumes Plummet, Players Face Bankruptcy Risk After Customs Policy Change: Reports

CEC has come under fire by local bunker suppliers for limits placed on duty-free bunkers and its subsequent enforcement and arrears charges.

Jul 18 - Aegean Launches New Bunkering Vessel in South Africa
The new R200 million ($13.93 million) bunkering vessel, the MT Lefkas, will provide bunkering services to ships in Algoa Bay.

Jul 18 - Searights Bunkering Vessel Among Several Recent Singapore Vessel Arrests
The action taken against physical bunker supplier Searights is understood to be over a S$15 million payment dispute.

Jul 15 - Get Set For Sub $45 Crude As Early As Next Week: Analysts
They base their prediction on weak demand and the persistent global glut.

Jul 15 - Energy Petrol Acquires Two More Bunker Barges

"We now have a total of 13 barges with the largest number of double double bunker barges among all players in the area," CEO Mustafa Muhtaroglu tells Ship & Bunker.

Jul 15 - End of "Legacy" Yahoo Messenger: Thomson Reuters and CME Group Announce Integration of Instant Messaging Networks
The companies will provide a combined service to over 300,000 financial and commodity market participants.

Jul 15 - End of "Legacy" Yahoo Messenger: Curoil Switching to Skype for Business

Yahoo will end support for its "legacy" Yahoo Messenger from August 5, 2016.

Jul 15 - Alfa Laval Introduces New Scrubber for 0.50% Sulfur Cap
Alfa Laval PureSOx Global will be introduced in September specifically for compliance with a 0.5% global sulfur limit.

Jul 15 - Nigeria's Crude Production Recovery Bolstered by End of Workers Strike
It's another win for a country that may soon reclaim its title as Africa's top oil producer.

Jul 14 - Panama Canal regains USEC all-water market share lead (AlphaLiner)
- The Panama Canal this month regained the majority share in terms overall container transport capacity on all-water routes between the Far East and the US East Coast. Following the completion of its multi-billion USD expansion project in late June, the Panama Canal has successfully pushed back the Suez Canal’s incursion into this trade.
- The route via Egypt had grabbed a substantial market share of Far East - USEC services in the past few years, as economies of scale and vessel cascading led carriers to deploy 5,500-10,000 teu ships via the Suez Canal, rather than continuing with classic panamax units of 4,000-5,000 teu on the shorter Panama route. Despite the increased distances for some China - USEC port pairs, the Suez route made economic sense, as the scale advantages of lager vessels often outweighed the disadvantages of the longer steaming distance. Now that the old Panama locks’ restrictions have been lifted, the canal is making a strong comeback, regaining much of the all-water market share that was lost to the Suez Canal.
- The overall all-water weekly capacity stands at 145,600 teu as at July 2016, for a year-on-year growth of 1.7%. After the launch of the new locks, the Panama Canal’s share of the trade now reaches 57%, compared to 48% at the start of this year. It is expected to increase further over the coming months, as some carriers have yet to up-size their Panama services with neo-panamax and LCS tonnage, while also shifting some of their current trans-Suez services to Panama. ,,,

Jul 14 - Oil and shipping markets on edge after South China Sea ruling 

Global oil and shipping markets reacted nervously on Tuesday after an international arbitration court ruled against Beijing's claims across large swathes of the South China Sea, fuelling geopolitical tensions in the vital waterway. A tribunal in The Hague, Netherlands, found China had breached the sovereign rights of the Philippines and had no legal basis to its historic claims in the South China Sea, a major shipping lane between Europe, the Middle East and Africa. click here.

Jul 14 - Interest in RBS Greek shipping unit cools after Brexit vote – sources 

Royal Bank of Scotland is facing setbacks over a proposed sale of its Greek ship finance business, with potential suitors backing off, partly because of the British vote to leave the European Union, sources told Reuters. Britain's June 23 vote has raised the risk of recession and earnings downgrades that have battered bank shares.  click here.

Jul 14 - Hyundai Merchant Marine signs deal to join 2M shipping alliance 

South Korean shipper Hyundai Merchant Marine Co Ltd said on Thursday that it had signed a preliminary deal to join a 2M vessel-sharing alliance of Maersk Line and Mediterranean Shipping Co (MSC), the world's two largest container shippers. The deal with the "2M carriers," which would take effect in April 2017, would enable the South Korean firm to strengthen its service offering and achieve improved cost competitiveness, the company said in a statement.  click here.  

Jul 14 - Australia's Port Hedland June iron ore exports to China rise to record 

Record iron ore shipments to China moved through Australia's Port Hedland terminal in June, as major producers BHP Billiton and Fortescue Metals operated close to full capacity and inventories at Chinese ports swelled. Most of the ore both companies mine is sent to China, where higher-grade imports are displacing lower quality domestic ore in Chinese steel mills. click here.

Jul 13 - OW Bunker's Bankruptcy: Will You Have to Pay Your Bunker Debts Twice?
Following OW's bankruptcy, shipowners have faced claims for payment directly from physical suppliers that have not been paid by OW.

Jul 13 - Khalid al-Falih: Oil Inventory Overhang "Will Take a Long Time" to Vanish
Saudi Arabia is concerned about the sluggish economy's impact on demand, Aramco Sale.

Jul 13 - Venezuela's 13-Year Low Output The Notable Exception in OPEC's Highest Output Levels Since August 2008

The cumulative rise causes some analysts to think the case for a return of a production cap may gain traction.

Jul 13 - China Announces Seven Terminals to Trial Shore Power

China's Ministry of Transport has also requested the applicable authorities make necessary preparations to implement the trials.

Jul 13 - Abu Dhabi Shipping Companies Aim for 27% Bunker Savings with Ship Efficiency Project
ADNATCO and NGSCO have launched a five-year ship efficiency programme, known as Al Daffah.

Jul 13 - Indonesia's Pertamina Aiming for 5-10% of Malacca Strait Bunker Market with New Venture

Dwi Soetjipto, Pertamina's president director, says it will establish a bunkering subsidiary by September.

Jul 13 - Aegean Ends Bunkering From Algeciras

Although the company has noted that it is still active in the market, operating out of Gibraltar and Tangier Med.

Jul 12 - ExxonMobil Insight: ECA Legislation
Ship & Bunker has partnered with ExxonMobil to bring you its recently developed series of videos examining the impact of ECA regulations.

Jul 12 - Iran Claims 80% of Pre Sanction Market Share and Wants to Double Exports
NIOC official believes the global market can absorb the extra output.

Jul 12 - Barclays Calls Supply - Demand Disconnect Staggering as Bears Predict a Return to Oil in the $30's

John Kilduff, partner of Again Capital, says there has been "a rush to judgment" with regard to the rebalancing of the market.

Jul 12 - Hurtigruten Christens New Bunker Saving Polar Cruise Ship
MS Spitsbergen recently received technical improvements to reduce emissions and fuel consumption, and make it "environmentally-friendly," says Hurtigruten.

Jul 12 - Flagship Cunard Cruise Ship Relaunched After Scrubber Installations

The cruise line has said that the installation of scrubbers is "in line with Cunard's commitment to minimising the company's environmental impact."

Jul 12 - New Physical Bunker Supplier Enters ARA Market

The company will use Rotterdam as its homebase port, a company spoksperson tells Ship & Bunker.

Jul 12 - World's Largest LNG-Powered Car Carrier Launched in China
The 181 metre long Finnish/Swedish ice class 1A certified ship is capable of running on LNG, HFO, or MGO.

Jul 11 - BP and Flinders Ports to Invest AUS$8 million in Ex-Pipe Bunkering Facility for Port Adelaide
At present, bunkers are supplied ex-truck only.

Jul 11 - Bomin Launches Physical Bunker Supply Operation in Mauritius

"is critical that we have a strong physical presence here to support our customers and our global network," says its Global Head of Bunker Operations.

Jul 11 - EC to Turn Focus on Bunker Suppliers in Sulfur Regs Enforcement
"It is now time to start collecting evidence and data on the performance of fuel suppliers," says the EC.

Jul 11 - Bunker Industry Needs Greater Transparency in its Contractual Arrangements: BIMCO
The association says some companies want to barricade themselves behind "contractual walls."

Jul 11 - Build-Up in Floating Storage A Simple Case of Nobody Wanting The Oil: Analyst
Clarksons estimates that 120 vessels are now at anchor off Singapore and other ports.

Jul 11 - Malaysian Bunker Supplier Aiming to be Listed by December
The company's founder says the plan has no exact dates as of yet, but says they "must get everything done within the calendar year."

Jul 11 - Lower Oil Prices Cause Investment To Drop By $300 Billion; a Significant 2017 Rebound "Appears Unlikely", Says IEA
The Agency also finds that the Middle East now accounts for 35 percent of global oil supplies.

Jul 08 - Shipping sentiment at all-time low on trade slowdown, Brexit risk 

Global shipping confidence is at an all-time low as fears of a global recession and Britain's vote to leave the EU pile pressure on parts of the industry already suffering from its worst downturn, a leading transport survey showed on Wednesday.The global container sector, which transports everything from bananas to iPhones, as well as the dry bulk shipping market hauling commodities including iron ore and coal, are struggling with a glut of ships, a faltering global economy and weaker consumer demand. click here .

Jul 08 - EU regulators accept antitrust concessions from Maersk, MSC, others 

EU antitrust regulators accepted on Thursday an offer from Maersk, the world's largest container shipping liner, and 13 competitors to change their pricing practices in order to stave off possible fines. The case is closely watched by other sectors such as supermarkets and chemicals companies, concerned that similar pricing methods could lead to charges of price fixing by competition enforcers. click here .

Jul 08 - Vale says sold three Valemax iron ore ships to ICBC for $296 mln 

Brazil's Vale SA said it has sold three of its giant "Valemax" iron ore ships to a group led by Industrial and Commercial Bank of China, continuing efforts to unload assets to cut debt and focus investment on its main mining activities.Vale will receive $269 million for the ships when they are delivered to the Chinese-led group, likely in August, Vale said in a statement late on Thursday. click here.

Jul 08 - China COSCO Shipping Will spend 500 mln euro more on Piraeus port - media 

China COSCO Shipping will invest up to 500 million euros ($553.10 million) in its newly-acquired Piraeus port to focus on the cruise market and the shipping container business, Greek state media reported on Wednesday.COSCO planned to plough some 200 million euros into upgrading and expanding Piraeus so it could accept bigger cruise ships, and upgrade infrastructure for handling container handling, Athens News Agency quoted China COSCO Shipping chairman Xu Lirong as saying. It would also extend shipyard facilities, he said.  click here .

Jul 08 - Zederkof: After OW, the Trust in the Bunker Industry has Gone
There are now also concerns over the "durability" of suppliers, says the CEO of Dan-Bunkering.

Jul 08 - U.S. Firm Wins Legal Battle Over Novel Ship Emissions Control Technology Patents
San Pedro-based CAEM and Long  Beach-based AEG both market emissions control technology intended to reduce emissions of cargo ships.

Jul 08 - US is the Global Leader in Oil Reserves, But the Saudis Remain the True Market Kings: Analysts
Meanwhile, Rystad Energy says at current production rates the world's reserves will be depleted 70 years from now.

Jul 08 - MRV Implementation Discussed at ESSF Plenary
ESSF held its 6th Plenary Meeting in Brussels on June 28, 2016 to discuss the implementation of the EU Monitoring, Reporting and Verification regulation.

Jul 08 - IBIA to Participate in BIMCO's Standard Bunker Contract Review in Wake of Res Cogitans Ruling
The subcommittee's review is said to be intended to improve the Terms as a result of the fall out from OW Bunker's bankruptcy.

Jul-07 - Two VLCCs Making Surprise Fuel Oil Shipment to Singapore
The vessels have been chartered by PetroChina and Trafigura.

Jul-07 - German Company Fined $1 Million in U.S. Oil Dumping Case

The sentence includes a $800,000 criminal penalty, a $200,000 community service payment, and 3 years of probation for the company.

Jul-07 - UK-Firm Testing Low Sulfur Bunkers Made from Recycled Plastic

Consultancy Ricardo Tuesday announced that it is working with UK-based Recycling Technologies Limited to test the fuel known as Plaxx.

Jul-07 - Testing Set to Commence on World's First Dual Fuel Engine for High-Speed Vessels

Spain's Fundación Valenciaport say the dual Diesel-LNG powered engine is now ready to be tested as part of its GAINN4SHIP INNOVATION Project.

Jul-07 - Crude Volatility Continues

The bunker markets direction tomorrow is expected to be largely determined by EIA's inventory statistics released late this week due to the holiday.

Jul 07 - New FAK rate guidelines - still a GRI by any other name (AlphaLiner)
- Carriers in the Asia - Europe trade are expected to implement new ‘Freight All Kinds’ (FAK) rate structures, as part of a commitment to address the European Commission’s concerns over General Rate Increase (GRI) announcements. The latter had become a controversial feature of carriers’ pricing practices in the past on the grounds that GRIs might be in breach European Union competition rules that ban concerted practices between shipping lines.
- According to the European Commission (EC), GRI announcements do not provide sufficient information on new prices to shippers, while they do allow carriers to signal their pricing intentions to other shipping lines. In the eyes of the commission, GRIs thus give carriers a mechanism to coordinate their market behaviour. The EC launched inspection raids at several shipping lines in May 2011 and opened formal proceedings against 15 carriers in November 2013.
- In February 2016, the 15 carriers involved in the EC’s proceedings offered various commitments to address the regulators’ concerns, without admitting any infringement of EU rules or liability. These commitments include the termination of GRI announcements, to be replaced by FAK rates that will be binding for the carriers as maximum prices for the announced validity periods. However, carriers can still offer prices below these ceilings, with such price announce- ments not to be published more than 31 days before their implementation.
- While pricing model has not yet been formally accepted by the EC, Maersk is following Hapag-Lloyd in this direction. The two will become the first carriers to stop announcing GRIs for the Asia - Europe trade, and both have instead proposed new FAK rates of $1,450/teu and $1,550/teu, respectively, from 1 July.

Jul 07 - Deutsche Bank to sell $1 billion of shipping debt to boost capital - sources 

Deutsche Bank is looking to sell at least $1 billion of shipping loans to reduce its exposure to a sector whose lenders face closer scrutiny from the European Central Bank, sources told Reuters. While the oil tanker trade has picked up, the container and dry bulk shipping industries are struggling with their worst downturn due to a glut of ships, a faltering global economy and weaker consumer demand. click here.

Jul 06 - Latest US Navy Biofuel Bunkers Are Bad For the Environment, Expensive, Barely Biofuel At All, Says Critic
"It is conventional fuel with an expensive additive," T. A. Kiefer, retired U.S. Navy Captain and energy consultant tells Ship & Bunker.

Jul 06 - Crude And British Pound Plunge As Brexit Fears Resurface
But analysts insist that many other factors are also responsible for Tuesday's losses.

Jul 06 - Despite Reform Talk, Iran is Keeping Unfavourable International Oil Contract System
But last minute amendments are being made to appease critics both in Iran and abroad.

Jul 06 - Singapore Power Couple with Bunker Interests in Legal Spat with Siblings
Ong Beng Seng and his wife Christina Ong are being sued for allegedly failing to honour a share swap agreement involving their stake in Kuo International.

Jul 06 - Dry Bulk: Virtually Every Company in the Industry is Still at Risk, Says New Report
The news comes as the Baltic Dry Index has jumped more than 100 points in a little over two weeks to a near 2016 high of 692.

Jul 06 - ARA Physical Bunker Supplier Files for Bankruptcy
"I would like to say a thank you to all our past customers," a spokesperson for the company told Ship & Bunker.

Jul 06 - India's top shipping firm to resume sailing to Iran, boosting shares 

Shipping Corporation of India (SCI) will resume sailing to Iran this month after a four-year gap, transporting an oil cargo for a state-run refiner, the chairman of India's biggest shipping company said on Tuesday. The news sent SCI shares trading on a weak Mumbai market up about 9 percent, marking the biggest percentage rise for the shipping company since September, 2015.  click here.

Jul 05 - Fratelli: Singapore Mass Flow Meters Will Change Everything
"It will rebuild the trust between shipowners and bunkers in Singapore - trust that was lost in the last few years," says Managing Director Guido Cardullo.

Jul 05 - Gibson: Low Bunker Price Drives Tanker Fleet Growth, Erodes Eco-Tanker Advantage
Only 34 tankers have been scrapped over the last year.

Jul 05 - Nigeria Recovery Leads OPEC to June Oil Production Gains
But OPEC's gains are still short of what will be necessary to accommodate consumption in 2017.

Jul 05 - Bullish Saudis Seem Happy with $50 Oil, But Stability of Market Is In Serious Question

A host of factors could send prices plummeting again.

Jul 05 - Clean Up Operations Underway on Bunker Spill from Grounded Cruise Ship
MV Qing is said to have grounded last week at the Western India Shipyard jetty inside Goa's Mormugao Port.

Jul 05 - Ignorance About the Difference Between Brokers, Traders and Physicals is Pervasive - Using a Broker Reduces Risk
The fact that many experienced people in the market are still confused about the difference between a broker and a trader/supplier is shocking and risky, writes LQM CEO Marisa Femenia.

Jul 04 - Jamaica Needs to Capture its Fair Share of the Bunker Market, Says Official
The comments come as part of West Indies Petroleum's move to expand its bunkering capabilities.

Jul 04 - US Patent for Marine Wind & Solar Power System
EMP says it now intends to explore joint development project opportunities in the United States.

Jul 04 - Sea Trader International Expands Bunker Business With New South Korea Operation
The Hong Kong-based player has opened a new office in Seoul, it tells Ship & Bunker.

Jul 04 - Iran's Exports to Poland & India Contribute to Market Share Recovery, While Saudis Slash Oil Prices
India's oil imports from Iran are set for a seven-year high in the year that began April 1

Jul 04 - Hong Kong to Enforce China's 2019 ECA Regs
Hong Kong will align with China's new ECA regulations in the Pearl River Delta requiring vessels to burn 0.5% sulfur bunkers from 2019.

Jul 04 - PDVSA Signs Deal With Halliburton/Weatherford Amidst New Reports of Debt Woes, Questionable Reserves
One analyst says Venezuela may soon have to remove 220 billion barrels from its reserve count.

Jul 04 - Vale says sold three Valemax iron ore ships to ICBC for $296 mln 

Brazil's Vale SA said it has sold three of its giant "Valemax" iron ore ships to a group led by Industrial and Commercial Bank of China, continuing efforts to unload assets to cut debt and focus investment on its main mining activities.Vale will receive $269 million for the ships when they are delivered to the Chinese-led group, likely in August, Vale said in a statement late on Thursday.  click here .

Jul 01 - Panama opens canal extension amid growth risks, cost battle 

Panama opened the long-delayed $5.4 billion expansion of its shipping canal amid cheering crowds on Sunday, despite looming economic uncertainty in the shipping industry and a heated battle over billions in cost overruns. At 7.50 a.m. (1250 GMT), the Chinese container ship "Cosco Shipping Panama" entered the Agua Clara lock on the Atlantic to begin the first crossing of the roughly 50-mile-long (80.45-km-long) waterway and was due to emerge on the Pacific side by 5.00 p.m. (2200 GMT). click here.

Jul 01 - COSCO Greece says Piraeus port sale terms inconsistent with deal

COSCO Greece objected on Wednesday to terms submitted to parliament for the sale of Piraeus Port to China COSCO Shipping, saying they were inconsistent with those previously agreed with the Greek privatisation agency. Greece sealed the sale of Piraeus Port Authority to China COSCO Shipping Corporation in April, a major step for the bailed-out country in meeting the demands of international creditors that it step up privatisations. click here .

Jul 01 - Expanded Panama Canal: Bigger ships, bigger paydays for beans, coal, gas 

Bigger ships could mean bigger paydays for commodity producers when the expanded Panama Canal opens this weekend as they can utilise larger vessels more frequently to tap into fast growing Asia-Pacific consumer markets. The Panama Canal Authority estimates that the enlarged waterway will cut sailing times between Atlantic Ocean ports and Asia by up to 16 days for ships that previously could not fit through. click here .

Jul 01 - Oakland city council votes down coal exports 

The Oakland city council voted unanimously to bar shipments of coal through a proposed marine terminal on Monday, setting the stage for a legal battle. The prospect of train cars carrying millions of tons of coal mined in Utah through Oakland before heading to Asian markets has inflamed passions in the city. click here

Jul 01 - South river Rhine in Germany reopened to shipping as water falls 

The river Rhine in south Germany was again open to shipping on Tuesday after a fall in water levels, a German inland navigation authority official said. The river closed to shipping over the weekend between Iffezheim to Germersheim, preventing sailings to and from Switzerland.  click here

Jul 01 - EU regulators to investigate Italian aid for Naples port, shipyard 

EU competition regulators will investigate whether Italian authorities gave the Port Authority of Naples an unfair advantage with grants totalling 44 million euros ($48.83 million), the European Commission said on Tuesday. The Port Authority used the funds to renovate dry docks rented out to ship repair company Cantieri del Mediterraneo (CAMED) as part of a 30-year concession. click here

Jul 01 - BHP's part-owned infrastructure group pulls coal terminal financing plan 

Australian mining giant BHP Billiton's part-owned Newcastle Coal Infrastructure Grouppulled a $500 million debt refinancing plan at one of Australia's biggest coal export terminals after banks were reluctant to lend to the sector, said three sources with knowledge of the process. The decision earlier this month sets back efforts to simplify complex debt arrangements by the group, known as NCIG, and stalls BHP's plan to release cash tied up in the terminal as it looks to strengthen its balance sheet amid a global commodities slump. click here .

Jul 01 - Singapore Exchange, Baltic Exchange extend exclusive sales talks

Singapore Exchange Ltd (SGX)  and London's Baltic Exchange have extended by two months exclusive talks which may lead to a sale of the British company at the heart of global shipping, the two firms said on Tuesday. Founded in 1744, the privately-owned Baltic Exchange is no longer a forum for chartering vessels but owns benchmark indexes for global shipping rates and provides a trading platform for the multi-billion dollar freight derivatives market. click here .

Jul 01 - Indonesia says coal on hold for Philippines after 7 sailors abducted

Indonesia said on Friday a halt on coal shipments to the Philippines will remain in place until Manila can secure its waters after seven Indonesian sailors were kidnapped, the latest in a string of abductions. Philippine authorities could not immediately confirm the hostage-taking but said a Filipino woman held since September was freed on Friday by Abu Sayyaf, an Islamist militant group that has amassed tens of millions of dollars from kidnappings for ransom. click here .

Jul 01 - St. Petersburg to Utilise European System to Verify Bunker Sulfur Content
Big Port St. Petersburg's Harbourmaster, Alexander Volkov, says the port authorities intend to become part of the THESIS-S system.

Jul 01 - Tightness Reported in Hamburg and Rotterdam Bunker Markets
IFO380 prices in both ports Thursday hit a high for 2016, but this fell well within the regional and global trend.

Jul 01 - New Physical Player Enters Black Sea Bunker Market

The supplier is looking to differentiate itself with a prompt and flexible service, it tells Ship & Bunker.

Jul 01 - VW Looking to Build and Operate Wind Powered Ro-Ro Car Carrier: Reports

The cost and viability of the project could be viewed as favourable in the context of the €16.2 billion set aside to deal with an emissions scandal.

Jul 01 - Iran's Khalij Fars Targeting an Increase in Bunkering to Ships Passing the Strait of Hormuz
Khalij Fars Oil Port's storage capacity is set to see an increase from 300,000 tonnes to 1.8 million tonnes as the result of private sector investments.

Jun 30 - Venezuela Debts Mount, Production Falls, Meltdown Intensifies
Rig count plummeted from 69 to 59 in May, says Baker Hughes.

Jun 30 - MPA to Address Mass Flow Meter Dispute Resolution
The information will come as part of SIBCON 2016 in October.

Jun 30 - Bunkers Jump, Oil Rebounds Back Over $50/bbl as Brexit Panic Fades, but Citi Warns Uncertainty and Volatility Will Persist

However, oil's return to the $50 level causes some critics to complain that it is still underperforming.

Jun 30 - Carnival Gets Q2 Earnings Boost from 41% Lower Bunker Bill
Carnival also reported its bunker hedging program faired much better than in the period last year.

Jun 30 - Hapag-Lloyd and UASC Reach Agreement on Merger Terms
Hapag-Lloyd's supervisory board is said to have approved the deal, while UASC's shareholders still need to approve the plan.

Jun 29 - The Brexit and its implications for container shipping (Alphaliner)
- The United Kingdom’s decision to exit the European Union is expected to have little direct impact on the containership sector. The ’Brexit’ referendum on 23 June had ended with 51.89% of the vote in favour of leaving.
- At only 1.4% of global container volumes however, the country's market share in terms of port throughput had been in steady decline for over a decade, down from 3.0% in 2000 to a low of only 1.2% in 2013. A small recovery saw the UK regain some of the lost share and the nation’s ports reached an estimated throughput of 9.7 Mteu in 2015. The UK’s share of European container throughput has also declined over the same period. It dropped from 13.9% in 2000 to 8.9% to 2015.
- The county’s decline as a maritime centre for the container shipping sector had started long before the ’Brexit’ decision. UK-flagged containerships today account for only 3.7% of global vessel capacity, while UK-controlled containerships account for as little as 2.2% of the global fleet in teu terms. Capacity operated by UK carriers is even smaller at 0.2% and the last of the nation’s large operators, P&O Container Lines, was merged with Nedlloyd in 1996. The merged entity finally came under Danish control in 2005, when sold to A.P. Moller-Maersk.
- In the short term, UK imports are expected to be negatively affected by the strong depreciation of the British Pound against other major currencies that was caused by the ’Brexit’-vote. This will mainly affect imports from Asia, and it will put additional pressure on the fragile recovery of the Asia - Europe trade.  

Jun 29 - Traders charter ships to store oil as refinery maintenance crimps demand 

Two trading houses have chartered supertankers to store oil off Singapore, taking advantage of cheap freight and crude, and as refinery maintenance crimps demand. Clearlake, a subsidiary Gunvor, has chartered the 308,596 deadweight tonne (dwt) Very Large Crude Carrier (VLCC) Arenza XXVII at $33,000 per day for one to four months, a Singapore-based shipbroker said. VLCCs can hold up to 2 million barrels. click here.

Jun 29 - Singapore Exchange, Baltic Exchange extend exclusive sales talks 

Singapore Exchange Ltd (SGX) and London's Baltic Exchange have extended by two months exclusive talks which may lead to a sale of the British company at the heart of global shipping, the two firms said on Tuesday. Founded in 1744, the privately-owned Baltic Exchange is no longer a forum for chartering vessels but owns benchmark indexes for global shipping rates and provides a trading platform for the multi-billion dollar freight derivatives market. click here.

Jun 29 - Iran Moves With Qeshm Island Terminal, Bunkering Plans
The storage facility planned for Qeshm Island will store approximately 30 million barrels of light, heavy, and ultra-heavy fractions of crude oil.

Jun 29 - K Line Turns to Big Data for Bunker Savings
K Line says it is working with KHI on the development of K-IMS, an integrated vessel operation and performance management system.

Jun 29 - Nigeria Looks to China for $50 Billion, Says Crude Output Will Soon Reach 2.2 Million BPD

The country credits pipeline repairs and a break in militant attacks for the upswing.

Jun 29 - Rising Production Risks a Crude Price Slide to $10-$20/bbl, Says Analyst
"Recent gains have little to do with the fundamentals that led to the collapse in the first place," they say.

Jun 29 - LitGas in Talks for a Klaipėda LNG Bunkering Vessel
The potential deal may see Blue LNG operate a LNG vessel that will perform bunkering operations and transport gas from Klaipėdos Nafta's LNG terminal.

Jun 29 - Bunker Jobs: Singapore-Based Marine Fuel Quality Manager Wanted

Market related salary offered, which is likely to be in the region of SGD 100 - 140k.

Jun 28 - Altor: OW Bunker Collapse Was Not Our Fault
Altor Founder and Partner Harald Mix says it worked around the clock to save the company.

Jun 28 - Brexit Blues Fail to Dampen Dry Bulk Rate Rise
The Baltic Dry Index Wednesday made gains for the first time in 10 sessions, continuing its upward motion in the face of Brexit news.

Jun 28 - Iran Scrambles to Develop Border Oil Fields Amidst Reports of a Substantial Decline In Exports
June exports are said to have declined by nearly 20 percent.

Jun 28 - HMM's 2M Talks a "Bizarre Twist" That Suggests More to the Story, Says Drewry

Drewry says that HMM's talk of joining the 2M Alliance could be strategic posturing or a lead up to a takeover by Maersk.

Jun 27 - Expanded Panama Canal: Bigger ships, bigger paydays for beans, coal, gas 

Bigger ships could mean bigger paydays for commodity producers when the expanded Panama Canal opens this weekend as they can utilise larger vessels more frequently to tap into fast growing Asia-Pacific consumer markets. The Panama Canal Authority estimates that the enlarged waterway will cut sailing times between Atlantic Ocean ports and Asia by up to 16 days for ships that previously could not fit through. click here .

Jun 27 - Rumours Swirl on HMM Acquisition by Maersk Line
Neither company has commented on the matter, but Maersk Line says in general, "if the right opportunity is there we will look into it."

Jun 27 - RIP Yahoo! Messenger. Now What? The Case for ClearChat by ClearLynx

ClearChat not only archives chats among counterparties, but records all offers made by sellers against the individual order.

Jun 27 - Brexit: UK Chamber of Shipping Calls for Free Trade Commission to Support Shipping
The UK Chamber of Shipping says a new Free Trade Commission for the country will support among other things, UK's shipping industry.

Jun 27 - Oil Markets Drop in Wake of Brexit Vote But Analysts Say The Turmoil is Short-Lived
Brent and U.S. crude Friday regained some traction after big overnight trading losses.

Jun 27 - Monjasa: Five Insights on How the Panama Canal Expansion Affects the Local Bunker Industry

Being physically on site in Panama itself, Monjasa is one of the few globally oriented bunker companies with actual hands-on experience in the Panama market.

Jun 27 - Market Will Adapt in its Own Way to End of "Legacy" Yahoo Messenger: Zederkof
IBIA says cannot advise the bunkering community on what to choose, in the same way it can't tell the market whether to use iPhone or Android.

Jun 27 - Strong Showing for Bunker Saving Tech at 2016 Electric & Hybrid Marine Awards

Technology providing up to 30% bunker savings on a hybrid ro-ro passenger and vehicle ferry were among the winners.

Jun 27 - Venezuela Insists Oil Production Will Increase Dramatically, Analysts Insist It Will Drop Worse than Originally Thought

Meanwhile, the Bolivian republic is eager to do business with Barbados.

Jun 27 - MISC Saves 33,057 Tonnes of CO2 through Green Tech

The company also notes that it has ordered five new LNG carriers, set to feature "green" technologies.

Jun 24 - Denmark finds shipping companies breaking EU fuel rules

Denmark has caught five international shipping companies using marine fuel that violates EU rules on sulfur content, the Ministry of Environment and Food said. The ministry said it had reported the five unnamed shipping firms, which face potential fines, to police.  click here.

Jun 24 - Rhine in south Germany reopened to shipping as water level falls

The river Rhine in south Germany has reopened to freight shipping after an overnight fall in water levels, a spokesman for the German inland navigation agency said on Thursday. The river had been closed to shipping for nine days between Iffezheim and Germersheim after repeated rain raised water levels, preventing vessels from passing under bridges and sailing to and from Switzerland.  click here.

Jun 24 - Three southeast Asian nations to designate shipping corridor in piracy battle

Indonesia, Malaysia and the Philippines on Monday agreed to designate a transit corridor for commercial vessels crossing a maritime zone hit by a spate of hijackings by Islamist militants in the southern Philippines. Nearly 20 Indonesian and Malaysian tugboat crew have been kidnapped by the Abu Sayyaf militants this year, with Jakarta airing fears that the problem could reach levels seen off the coast of Somalia.  click here.

Jun 24 - Lenders turn away BHP port debt plan, wary of coal 

Australian mining giant BHP Billiton pulled a $500 million debt refinancing plan at one of Australia's biggest coal export terminals after banks were reluctant to lend to the sector, said three sources with knowledge of the process. The decision earlier this month sets back efforts to simplify complex debt arrangements at the Newcastle Coal Infrastructure Group (NCIG) project and stalls BHP's plan to release cash tied up in the terminal as it looks to strengthen its balance sheet amid a global commodities slump.  click here

Jun 24 - Brazilian corn vessel scheduled to ship to U.S. East Coast 

A Brazilian corn shipment is due to arrive at a U.S. East Coast port next month, according to shipping data released on Thursday, despite tight supplies and record prices in Brazil that may soon attract U.S. imports to the South American country. The vessel Samsun is scheduled to arrive at the port of Wilmington, North Carolina, on July 20, according to the port's sailing schedule. It is anchored near Brazil's Paranagua port waiting to be loaded with 54,000 tonnes of corn, Reuters shipping data showed.  click here.

Jun 24 - #Brexit & Bunkers: Brent Crude Goes Into Free Fall as UK Votes to Leave the EU
Major bunkering hub Gibraltar voted 96 percent in favour of Remain.

Jun 24 - Muhtaroglu: Now is the Time for Shipping to Focus on 2020 0.50% Global Sulfur Cap
"Shipping has been too busy with its issues, especially supply demand imbalances," Muhtaroglu tells Ship & Bunker.

Jun 24 - Saudi Arabia Declares Oil Glut Over, Analysts Debate Whether It Or U.S. Is Victor in Shale War
But the Saudi energy minister says his kingdom has no intention of slowing production.

Jun 24 - Venezuela Announces Oil Production Boost to Satisfy New OPEC Quota

But neither the troubled republic nor the cartel would disclose details of the increase.

Jun 24 - HMM in Discussions to Join 2M Carrier Alliance
HMM previously indicated it wanted to join THE Alliance.

Jun 23 - RBS receives bids for Greek shipping business - sources 

The Royal Bank of Scotland has received bids for its Greek ship finance business, banking and financial sources familiar with the matter said, following a leap in bad shipping debts at the lender over the past few months.They told Reuters that the operation was worth about $3 billion although sources in the shipping business said that problems with lending to the industry, much of which is in a deep downturn, would affect the value of what could be recouped via a sale. click here .

Jun 23 - Bunker Spill Brawl a Result of "Serious Medical Episode"
The episode "led to him attacking one colleague before causing extensive damage to the engine room systems," The London P&I Club has explained.

Jun 23 - Trident Alliance Protests Swedish Policy of Charging Shipowners For ECA Bunker Compliance Tests
The cost of compliance should not be carried "by the random selection of vessels that authorities decide to inspect," says Anna Larsson.

Jun 23 - Grounded MV Benita's Bunkers to be Removed by Helicopter
"The operation is being conducted with environmental protection as the upmost priority," says Five Oceans Salvage.

Jun 23 - A Bright Future With $100 Oil Lies Ahead for Canada's Offshore Industry: Analyst
All deep water prospects off Newfoundland's coast will be developed, Rystad's vice president says.

Jun 23 - ECSA Says Ship Emissions Rules Must be Global, Warns on Dangers of EU Only System
The focus now should be on aligning the European MRV Regulation with the IMO's own data collection system, says ECSA President Niels Smedegaard.

Jun 23 - OCM Continuing to Expand in UK Bunker and Lubricant Markets

"We have a very healthy share of the 1,000ppm gas oil market," OceanConnect Marine's Chief Operating Officer, Ethan Ram, tells Ship & Bunker.

Jun 22 - Venezuela Production Down and Falling, Ally China Too Busy With Own Problems to Lend a Hand
Average daily production for 2016 could plummet to 1.7 million barrels.

Jun 22 - Nigeria Defies Production and Export Expectations Amidst Conflicting Ceasefire Reports
Nigeria exported up to 500,0000 bpd more than what OPEC thought it had produced in May.

Jun 22 - The End of the Messenger: The Case for Firm Counter/Bunker Pulse
The trading floor maybe quiet but it is now possible to see what it going on without having to learn what someone else is having for dinner.

Jun 22 - Grounded "Bulker Brawl" MV Benita Debunkered, Spill Under Control: Reports
The bunker spill occurred Friday off southeast Mauritius after a fight reportedly broke out onboard, leading to the vessels grounding.

Jun 22 - U.S. Convicts Two Greek Companies and Engineers in Vessel Pollution Case
The U.S. District Court in Seattle found the parties guilty of 12 felony counts related to the dumping of oily waste at sea from bulk carrier Gallia Graeca.

Jun 22 - OilChart UK Expands North West Europe Physical Bunker Supply Locations
"The addition of the Tongue anchorage location ... is a logical step in our growth," Managing Director Owen Webber tells Ship & Bunker.

Jun 21 - Brexit Would Hardly Affect The Oil Market At All: Fesharaki
The FGE chairman says at worst there would be an impact for "only a day or two."

Jun 21 - U.S. Producers Galvanized by $50 Oil as Respected Analyst Says Price Will Climb to $80 Next Year
A significant increase in U.S. activity has been reported in recent weeks.

Jun 21 - Bulker Brawl Ends With Bunker Spill After Vessel Runs Aground off Mauritius

The vessel is said to have been carrying some 145 tonnes of fuel oil and 30 tonnes of diesel at the time of the incident.

Jun 21 - EIB Approves €1 Billion in New Funding to Reduce Harmful Emissions in the European Shipping Industry
The funding is said to be "intended to reduce harmful emissions in the European shipping industry."

Jun 21 - RIP Yahoo! Messenger. Now What? The Case for ClearChat by ClearLynx    
ClearChat not only archives chats among counterparties, but records all offers made by sellers against the individual order.    
Jun 21 - Five Shipping Firms Reported in Denmark After Bunker Samples Show ECA Violations    
The Danish Ministry of Environment and Food says five shipping companies have been found to been in violation of ECA sulfur limits.    

Jun 20 - Canpotex shelves plans for British Columbia shipping terminal 

Canpotex Ltd, the potash export sales arm for Potash Corp of Saskatchewan, Mosaic Co and Agrium Inc, said on Friday it would not build a planned shipping terminal at Prince Rupert in British Columbia.Canpotex said the decision was based on economic and commercial considerations and that its export capacity in Vancouver, Saint John and Portland were sufficient.  click here .

Jun 20 - Despite Meteoric Oil Comeback, Iran "Will Be Maxed Out" by Year End: Analyst
Difficulty in finding partners and lack of resources are the main impediments in the Islamic Republic making further gains.

Jun 20 - Russia Launches Largest Nuclear-Powered Icebreaker

The Baltic Shipyard Thursday launched the largest nuclear-powered icebreaker, Arktika, out of the Port of St. Petersburg.

Jun 20 - Industry Insight: Marine Battery Technology a Promising Solution for Tightening At-Berth Emissions Regs
"People are starting to talk about it now, specifically using batter power to deal with at-berth emissions," Corvus Energy's' Sean Puchalski tells Ship & Bunker.

Jun 20 - Goldman Sachs Says Only Further Outages and Disruptions Will Cause Oil Prices to Escalate
The institution stands by its three month forecast of $49 oil.

Jun 20 - IMO Fuel Availability Study Finds No Major Barriers To Providing Sufficient Compliant Bunkers: Sources
A lack of compliant fuel was cited as being a major reason why the new sulfur cap would need to be delayed.

Jun 20 - Yahoo Tells Ship & Bunker More About the End of "Legacy" Yahoo Messenger
On August 5 the "legacy" messenger you are using today will definitely not work, but your conversation history will not be deleted.

Jun 20 - Tough Domestic Markets Have South Korean Bunker Players Looking at More Overseas Business: Reports
In some cases, local players are said to have simply stopped dealing with domestic buyers.

Jun 17 - What Does Brexit Mean For Global Oil and Bunker Prices?
With the outcome unclear, worried investors are shifting cash into the perceived USD safe haven, strengthening the US dollar and softening oil prices.

Jun 17 - Crude Players Say Oil Volatility Set to Stabilize

They believe oil at roughly the $50 level is "very sustainable."

Jun 17 - OPEC Output Needs to Rise to Avoid Shortfall Caused by Ongoing Member Strife

An extra 650,000 barrels a day over 2017 will have to be pumped to achieve equilibrium between supply and demand.

Jun 17 - Turkey's Largest Liquid Terminal Acquired by Yilport Holding

Yilport Holding Thursday announced that it has acquired 100 percent of the shares of Turkey's largest liquid terminal Solventas Technical Storage.

Jun 17 - California Looks to Biofuels to Tackle Bunker Cost Risks, as Well as Pollution
A study showed that NOX emissions from biodiesel were about 13 percent lower, but PM emissions were 35 percent higher compared to traditional diesel.

Jun 16 - Dry bulk shipping facing slow recovery, consolidation - Dreyfus

The dry bulk shipping industry may not emerge from a protracted downturn for another two years and some smaller firms will be squeezed out, the chairman of France's Louis Dreyfus Armateurs said on Tuesday.The dry bulk sector that transports commodities like coal and iron ore has suffered from oversupply of vessels and faltering global industrial demand, pushing freight rates to a record low this year. click here.

Jun 16 - Piraeus Port shareholders approve COSCO concession deal

Piraeus Port shareholders approved a new concession agreement with Chinese shipping giant COSCO on Friday, bringing Greece a step closer to concluding the sale of a majority stake in the port.Greece agreed in April to sell a 67 percent stake in the port to COSCO for 368.5 million euros. With the concession agreement approved, the deal now needs the green light from parliament and the competition watchdog to go through. click here.

Jun 16 - Morocco plans to sell 40 pct stake in Marsa Maroc

Morocco is planning to sell a 40 percent stake in state-owned port operator Marsa Maroc via an initial public offering (IPO) on the Casablanca stock exchange, bourse regulator AMMC said on Monday. Marsa Maroc was established in 2006 and manages terminals at nine Moroccan ports and provides logistic services. The port operator has said it is seeking funds for expansion as it plans to bid for two other terminals at Casablanca Port and is looking for opportunities elsewhere in North and West Africa. click here.

Jun 16 - France's CMA CGM says now holds nearly 80 pct of Singapore shipper 

The world's third-largest container shipping firm CMA CGM said on Friday that it now holds over 78 percent of the shares in Neptune Orient Lines (NOL), bringing it closer to taking the Singapore company private. Temasek Holdings and its affiliates have sold their shares in NOL to CMA CGM, the French firm said in a statement, the latest step in completing a $2.4-billion deal agreed last year, under which CMA CGM will take total control of the Singapore shipper.  click here.

Jun 16 - Hong Kong eyes shipping boost from China's new silk road, Iran

Hong Kong's crucial shipping trade is hoping China's overseas infrastructure plan and closer business ties with Iran will enable the city to tackle the downturn in the seaborne sector and tougher competition, officials said. The global container sector, which transports everything from bananas to iPhones, as well as the dry bulk shipping market hauling commodities including iron ore and coal, is struggling with a glut of ships, a faltering global economy and weaker consumer demand - pressuring freight companies as well as ports that handle the volumes. click here.

Jun 16 - Maersk heir takes top post in holding company

The grandson of Maersk Mc-Kinney Moller, who transformed A.P. Moller-Maersk into an international conglomerate, was on Monday appointed chief executive of the holding company behind the Danish shipping giant. The move sends a signal that the Maersk family will remain an active owner of the listed company, but it also distances the heir from daily operations, analysts said. click here.

Jun 16 - Singapore Awarded Title for Best Seaport in Asia for 28th Year in a Row
Andrew Tan, MPA's CEO, said the award will not dampen the Port of Singapore's efforts to plan ahead for future demand.

Jun 16 - VDR: LNG Cold Ironing Barge Efforts "a Total Disaster" for LNG Bunkering Legislation
"LNG-fuelled ships simply will not come to Hamburg if we cannot sort out our bunkering problem," said Wolfgang Hintzsche, Managing Director of VDR.

Jun 16 - 80% of Cruise Ships to Use LNG Propulsion by 2025?

"If we are talking about newbuildings, this is possible," says Paolo Moretti, General Manager for RINA Services' Business Line Marine.

Jun 16 - Goldman Says Oil Won't Climb Much Farther Than $50, But This Plays Into Undesirable "Reverse Goldilocks" Scenario

Analysts warn that $50 oil keeps bulls at bay and is too high to force more production offline.

Jun 16 - Get Set For Intense Competition in a Rapidly Changing Global Oil Market: Russia
Unrelated events may be fundamentally shifting the course of global production and demand.

Jun 15 - Sluggish transpacific demand forces carriers to slash capacity - AlphaLiner
- COSCO has suspended the America - Asia Container (AAC) service, a high capacity Asia - US West Coast service operated with 8,500-10,000 teu ships. The loop’s final eastbound vessel sailed from Lianyungang on 8 June. Capacity reductions from the withdrawal will be compensated in part by the upsizing of COSCO’s ‘CEN’ from the 8,500 teu scale to 13,000 teu (see page 4 for details).
- The ‘AAC' suspension is the latest initiative taken to stem overcapacity on the transpacific route, as sluggish demand and low freight rates are forcing carriers to take unprecedented steps to slash capacity, just as the traditional peak shipping season begins.  
- The ‘AAC’ service is operated by COSCON, with CMA CGM, UASC, Hamburg Süd and PIL taking slots under the terms of five separate arrangements. It is the largest service to be withdrawn, and the move will be followed later this month by the suspension of the ‘CC1’ service by G6 and the ‘Manhattan Bridge/AAE 3/AUC 2/ASUS’ by O3/Hamburg Süd (see issue 2016-23 for details).
Carriers appear to have over-estimated the demand growth for transpacific cargo and they are now forced to belatedly scale-back capacity provision. Total capacity removed will reach 16,000 teu per week, resulting in a –1% year-onyear reduction in overall transpacific capacity.

Jun 15 - "Legacy" Yahoo Messenger to Shut Down on August 5
After this date, users of the legacy messenger system will likely no longer be able to log in, send messages, or access conversation histories.

Jun 15 - IEA: Oil Prices Will Stall at $50, But Demand to Increase Followed By Return to Surplus In 2017

The agency views India as a world leader in demand growth.

Jun 15 - Korean Government Mulls Hanjin-HMM Merger

Such a merger will be decided upon once the two struggling shipping companies' management has been normalised.

Jun 15 - DNV GL Project to Investigate Hull Optimisation for LPG Carriers

DNV GL says it will be working with HHI, Wärtsilä, MAN, and CMM on the development of a next generation, energy efficient LPG carrier.

Jun 15 - BSM's: 5,400 TEU Carl Schulte "Outperforms" Most Stringent Environmental Standards
The vessel is said to perform in the top 2 percent of containerships of its size and type.

Jun 15 - Battery-Powered Ferry "A Step into the Future," Says Turkish Shipyard
While the vessels will have hybrid propulsion, with biodiesel or biogas used on one of the ships, Fjord1 it will utilise full electric operation on both ferries.

Jun 14 - Dismal Asian Data, Prudent Saudis, and the "Sultans of Swing" Will Determine Oil Prices: Analysts
However, there's a growing consensus that prices have hit their peak for the time being.

Jun 14 - MAN: Low Bunker Prices Mean Efficiency Gains Need to Deliver "Twice the Value for the Same Price"

As a result, efficiency gains through systems, software, and engine mapping could reach 6.5% per year over the next decade, up from 0.3% per year.

Jun 14 - Lombok, Makassar Straits Could Replace Malacca Strait as Main Sea Trading Lane, Says Indonesian Government

Rizal Ramli, Coordinating Minister for Maritime Affairs and Natural Resources, wants to "lobby big players" to use the route.

Jun 14 - NOL: Singapore Still Competitive Maritime Hub, Outgrew Need for NOL Years Ago

Ng Yat Chung, CEO of Singapore's NOL, says he remains "bullish" on the future of Singapore.

Jun 14 - Singapore Posts Highest Ever Monthly Bunker Sales After Jump in Average Stem Size

An average stem size of 1,203 mt was the highest since the 1,210 mt recorded in April 2014.

Jun 13 - Stena: Cost and Power Considerations Means LNG Retrofits Are Too Expensive
Stena Teknik says LNG retrofits are expensive and the engines are not powerful enough keep to schedule.

Jun 13 - Marine Battery Power a "Surprising" Option for Short Sea Shipping
Harry Robertsson, technical director at Stena Teknik, says the company is looking to begin with battery powered bow thrusters on Stena Line vessels.

Jun 13 - Here Are the Results of the Singapore Bunker Trader Salary Survey 2016

In an industry as dynamic and performance driven as Bunker Trading, the salary market is in a constant state of flux.

Jun 13 - Will China Push Oil to the $30s or Venezuela Send Prices into Orbit?
Another analyst predicts a sharp decrease in prices before the end of the year.

Jun 13 - Oil at $60 Is Small Potatoes: Try $70 or Even Above $100, Say Experts
Ongoing sluggish U.S. production guarantees $70 by year-end, they insist.

Jun 13 - Court Backs World Fuel Services Following $17 Million Bunker Theft

WFS' insurer argued that a policy taken out just weeks before the fraud began did not cover the bunker supplier for the loss.

Jun 13 - LR: HFO Will Still be the Dominant Bunker Fuel in 2030
There will however be "an increase in the diversity of the fuel mix" says Nick Brown of LR Marine.

Jun 10 - Monjasa Addresses Rumours Over its Financing
"I can safely say that Monjasa is in a very good financial position and we expect no difficulties whatsoever in reaching new financing models," CFO Kenneth Henriks tells Ship & Bunker.

Jun 10 - Court Backs World Fuel Services Following $17 Million Bunker Theft

WFS' insurer argued that a policy taken out just weeks before the fraud began did not cover the bunker supplier for the loss.

Jun 10 - South Korea Will "Support HMM by Executing Mega Container Ship Contracts"
The troubled shippers' debt adjustment process is in the final stage and said to be a success.

Jun 10 - Oil Slips, But $60/bbl is "One Supply Disruption in Venezuela Away"

Analysts believe $60-plus crude now has more support.

Jun 10 - Diana Shipping, Bureau Veritas Team Up to Boost Energy Performance of Three Vessels

The shipping firm is said to have used BV's SEECAT energy simulation software to assess the efficiency of three of its capesize bulk carriers.

Jun 10 - K Line Singapore to get ClassNK's Bunker Saving Condition Monitoring System
A 2014 trial of the CMAXS LC-A tech demonstrated a "fuel and lubricating oil savings of 200 tonnes per year."

Jun 10 - Springfield Shipping Selects Eniram to Provide Bunker-Saving Tech

Eniram will be providing energy efficiency technology to the Springfield Shipping's fleet of VLCCs.

Jun 09 - DryShips doubts ability to stay in business 

Dry bulk shipper DryShips Inc raised "substantial doubt" about its ability to stay in business after it defaulted on three bank facilities, hit by a prolonged downturn in commodity prices and low charter rates. The company's shares fell as much as 26 percent to $1.75 in extended trading on Monday. click here .

Jun 09 - Port Hedland iron ore exports to China dip in May 

Iron ore shipments to China from Australia's Port Hedland, used by BHP Billiton and Fortescue Metals Group, slipped to 31.7 million tonnes in May from 32.6 million tonnes in April, port data showed on Tuesday. Total shipments from the Indian Ocean port, however, climbed to 39.4 million tonnes in May against 37.7 million tonnes in April, reflecting a rise in exports to Japan and South Korea, according to the Pilbara Ports Authority. click here.

Jun 09 - Russian hopes for Iran trade boom run aground at Caspian port

When sanctions on Iran were lifted in January, Russia might have expected to be near the front of the queue for business opportunities. Moscow, after all, was one of Tehran's oldest allies and is now its partner on the battlefield in Syria. On the evidence of the commerce passing through the Caspian Sea port of Astrakhan, the main jumping-off point for Russian sea-borne trade with Iran, it's not playing out like that. click here .

Jun 09 - Australia's Asciano shareholders vote for $6.6 bln Brookfield buyout

Shareholders of Australian ports and rail freight giant Asciano Ltd voted fora A$9.1 billion ($6.6 billion) buyout by a global consortium led by Canada's Brookfield Asset Management Inc, leaving the company's future in the hands of regulators. The vote was widely expected to succeed since Brookfield and its co-bidders own about half of Asciano's shares and the target endorsed the offer, but the unanimous result has formally left it to Australia's foreign investment and antitrust watchdogs to decide on the deal. click here .

Jun 09 - S.Korea creates $9.5 bln fund for banks exposed to shipyard troubles

South Korea's government and central bank will create an 11 trillion won ($9.50 billion) fund to support two state-run banks most exposed to the country's struggling shipping and shipbuilding firms. "Our key industries like shipping and shipbuilding are being aggressively caught up by countries like China and management conditions have worsened due to weak global trade," Finance Minister Yoo Il-ho said in a speech announcing the corporate restructuring plans on Wednesday. click here .

Jun 09 - Huge port envisioned by tycoon opens in Brazil - without him

The launch this week of Prumo Logistica's $3.7 billion Port of Açu, the largest in Latin America, marked the revival of a Brazilian logistics hub many thought doomed when the empire of its former billionaire owner collapsed. Açu's more than 25 km (15.5 miles) of docks, piers and breakwaters is a much-needed step towards narrowing a crippling infrastructure gap in Latin America's largest economy. click here .

Jun 09 - Bomin: Middle East and African Bunker Markets are Experiencing Real Change
Andrew Laven was recently appointed Bomin's new Regional Manager for Middle East and Africa.

Jun 09 - World's Biggest Cruise Ship Sparks Protests Over Vessel Emissions in Barcelona
As RCL's Harmony of the Seas starts her inaugural summer season, Barcelona residents are using the opportunity to highlight pollution concerns.

Jun 09 - ReCAAP Releases Latest Report, Asia Piracy and Armed Robbery Incidents at 4 year Low
ReCAAP says eight incidents of piracy and armed robbery against ships in Asia were reported during May, a 65 percent year on year decrease.

Jun 09 - Court Backs World Fuel Services Following $17 Million Bunker Theft
WFS' insurer argued that a policy taken out just weeks before the fraud began did not cover the bunker supplier for the loss.

Jun 09 - Crude Continues to Rise

Prompting todays climb was a larger decrease in crude supplies and better economic data out of China.

Jun 09 - Argentina's energy needs draw fuel tankers from around the globe 

A flotilla of 21 fuel tankers from Europe, the Caribbean, Brazil and the United States is steaming toward Argentina as it ramps up imports of gasoil and liquefied natural gas to record levels this year, according to its new government and Thomson Reuters data. Still a long way from regaining the energy self-sufficiency lost in 2010, the South American country has bought 49 cargoes of LNG so far this year and will buy 90 in all, a spokesman for the Energy Ministry told Reuters this week. click here

Jun 08 - Ardmore Shipping to Buy 6 Eco-Tankers
The vessels were said to have an average age of 2.4 years, but the current owner of the tankers was not specified.

Jun 08 - GAC Bunker Fuels in Exclusive South African Partnership with ENOC
GAC says the new partnership will contribute to increasing the GBFL's vessel delivery by 300,000 litres per year.

Jun 08 - Brent & WTI Both Close Over $50 for First Time Since Last July, but Where are Crude and Bunkers Headed Now?
Superior Energy CEO says it will be difficult for many companies to reactivate as commodity prices strengthen.

Jun 08 - Fincantieri Holds Steel Cutting Ceremony for Carnival Newbuild Featuring Fuel Efficient Hydrodynamics

Seabourn Ovation is the second of two vessels currently being built by Fincantieri for Carnival subsidiary, Seabourn.

Jun 08 - Iran Aims For International Shipping Comeback With $2.4 Billion in New Ship Deals

The Islamic Republic is also said to be in advanced talks for five jack-up rigs each worth $205 million.

Jun 07 -  Malaysian Firm Receives Shareholder Approval to Move into Bunker Markets
The company is hoping for its license to start providing bunkering services at the Pasir Gudang Port area by the end of the year.

Jun 07 -  Oil at $50 Won't Save Struggling GCC Countries: Moody's

Even though prices are not high enough for them economically, the Saudis are preparing for a production increase.

Jun 07 -  9% Non-Compliance in New Shanghai ECA
The inspections, which were carried out in April and May, are reported to have examined 108 ships.

Jun 07 -  1,000 mt Annual Bunker Savings Expected from Marine Wind & Solar Power Propulsion System
A modern vessel designed specifically with its technology in mind could more than double those bunker savings, EMP's Greg Atkinson tells Ship & Bunker.

Jun 07 -  US Court Deals Another Blow to Bunker Suppliers Looking to Recover Unpaid Bunker Bills

The latest case involved Bunker Holdings and the Yang Ming box ship m/v YM Success.

Jun 07 -  Carnival Looking to Overcome LNG Bunker Challenges for its AidaPrima Vessel in Rotterdam

Currently, AidaPrima can use LNG propulsion at all of its ports of call, with the exception of Rotterdam.

Jun 07 -  DFDS Vessel Finlandia Seaways Receives Scrubber Install
DFDS' Ro-Ro vessel Finlandia Seaways has received the installation of an open-loop scrubber from Marine Exhaust Technology.

Jun 07 -  New Discounts Announced for Container Ships Transiting the Suez Canal

Mohab Mameesh, chairman of the SCA, also says the canal's revenues have grown despite slowing global trade.

Jun 07 -  US Oil Spikes Over Fears of Worsening Nigerian Militant Attacks
Meanwhile, Iran rapidly nears pre-sanction output levels.

Jun 07 - Torrential rains cause backlog at Brazil's sugar ports
Heavy rains lashed Brazil's main sugar exporting terminals for a seventh day on Monday, clogging operations as a large volume of sugar waits to be shipped abroad and helping to drive sugar prices to a two-and-a-half-year peak. Rains are also hampering harvesting in the main center-south cane belt, fueling market expectations for the first global sugar deficit in six years. Brazil's weather was a main factor behind sugar futures' intraday rise to a peak of 19.42 cents per pound on Monday. click here

Jun 06 - 1,000 mt Annual Bunker Savings Expected from Marine Wind & Solar Power Propulsion System
A modern vessel designed specifically with its technology in mind could more than double those bunker savings, EMP's Greg Atkinson tells Ship & Bunker.

Jun 06 - Aegean: Global Bunker Demand is Robust, Americas Markets "Especially Strong Performers"
But the oversupply of Iranian oil in the Middle East had meant Fujairah continued to face "headwinds" and strong competition in 1Q 2016.

Jun 06 - Maiden Voyage for Methanol Bunker-Powered Tanker

"We believe methanol as a marine fuel has immense potential in helping the shipping industry meet environmental regulations," says the vessel owner.

Jun 06 - Vessel Upgrades Expected to Reduce Bunker Consumption by 40%
A further $130,000 per year in savings are expected through a reduction in associated maintenance costs.

Jun 06 - Gazpromneft Performs First At-Berth Bunkering Operation at Bronka
The company bunkered Finnstar, a 9,653 DWT ferry, with 750 tonnes of heavy fuel oil and 80 tonnes of diesel fuel.

Jun 06 - India's First Solar Powered Ferry Expected to Launch in August
The solar ferry is expected to make savings of INR 3 million ($45,000) per year in bunker costs.

Jun 03 - More capacity reductions planned as carriers remain in the red and carrier consolidation gets underway (AlphaLiner)
- CMA CGM has launched a voluntary conditional general offer for NOL’s shares at S$1.30 per share on 30 May 2016, which is to become unconditional as soon as the French ocean carrier acquires over 50% of the shares. This is expected to be confirmed by next week as NOL’s main shareholder (Temasek Holdings) has given its undertaking to sell its 66.8% stake to CMA CGM. This will add to the 10.6% stake that CMA CGM had already secured from open market purchases in the past six months, since the first announcement of its intention to acquire NOL and the carrier’s container shipping arm APL on 7 December 2015.
- The move will strengthen CMA CGM’s position as the third largest carrier in the world by adding APL’s fleet of 540,000 teu to the 1,801,000 teu that CMA CGM currently operates. While the deal is expected to be closed by July, it takes place at a difficult time for the container shipping market, as carriers’ earnings remain under severe pressure.
- Last week, Zim reported an operating loss (core EBIT) of -$16 M in the first quarter, for an operating margin of –2.5%. Zim was the last of the main carriers to post financial results for the first three months of 2016, with average operating margins of the 14 main carriers surveyed by Alphaliner reaching –5.5% during the quarter.
- The weak market conditions and the CMA CGM-APL consolidation, as well as the uncertainties posed by HMM and Hanjin Shipping’s financial restructuring moves, are expected to lead to significant capacity reductions in the coming months, as carriers move to stop the severe rate slide of the past few months.

Jun 03 - Scrubber Industry Says it has Ample Capacity to Help Marine Meet a 0.5% Global Sulfur Cap in 2020
"Together with installers, we have systems in place that will help ship owners easily and cost-effectively meet the 2020 requirements," the association says.

Jun 03 - Wärtsilä Expands Bunker Consumption Optimisation Service to Dual Fuel Engines
Updates have also been made to its Wärtsilä Condition based maintenance (CBM) service.

Jun 03 - "An Output Ceiling has No Benefit to Us," Says Iran's Oil Minister, Calling For Massive Production Quota Instead
Iran wants a 14.5 percent share of OPEC's total production output.

Jun 03 - EIA Data Gives Crude Prices Support
Bunker prices were starting to firm by days end in the primary ports.

Jun 03 - EGCSA: Delaying Global Sulfur Cap to 2025 Will Kill Innovation and Investments in Emission Reduction Technology
It will also hinder research into alternative fuels, and will result in higher costs, says EGCSA director Don Gregory.

Jun 02 - South Korean shipbuilding hub battens down the hatches as orders sink
Geoje Island, off the southeastern tip of the Korean peninsula, appears as prosperous as ever: foreign cars cruise the streets, young mothers pushing strollers converge on coffee shops, and workers on motorcycles pour into bustling shipyards. It is what comes next that worries people in Geoje, the world's largest producer of ships by tonnage. click here.

 Jun 02 - Mothballed ships in SE Asia show pain inflicted by oil slump
Not everyone in shipping is bemoaning the industry's worst crisis in living memory: a cluster of companies that help preserve equipment and provide security for vessels parked around southeast Asia are busier than they have been for years. A popular lay-up anchorage near Indonesia's Batam island, a short hop from Singapore, is growing crowded, and firms such as Ocean Shipcare and Brubay Shipcare are running out of space at another at Brunei Bay, near Labuan, off northern Borneo. click here.

 Jun 02 - France to ship maize to Malaysia as export run continues
A vessel is due to load 33,000 tonnes of French maize next week for Malaysia, port data showed on Wednesday, the latest in a series of shipments to unusual destinations as France benefits from dwindling supply in rival exporting countries. A bulk carrier is due to arrive on June 7 at the Atlantic port of La Pallice, data compiled by Reuters showed. click here.

 Jun 02 - Fortescue to operate second towage service at iron ore port
Australia's Fortescue Metals Group Ltd has won a tender to become the second provider of marine towage services at the port of Port Hedland, the world's busiest export terminal for iron ore. Fortescue, which ships 155 million tonnes of iron ore through the port, and is acquiring its own fleet of freighters, said a subsidiary, Pilbara Marine Pty, was granted a towage license by Pilbara Ports Authority, creating a second service provider and additional capacity at the port.  click here.

 Jun 02 - Striking ports workers march to protest Greek ports sales
Greek port workers went on strike for a sixth day on Tuesday and marched through central Athens to protest the state-sanctioned selloff of the country's two largest ports, Piraeus and Thessaloniki.Privatisations have been a pillar of a succession of international bailouts for Greece since 2010, but political resistance and bureaucracy has stymied the task. From an initial target of 50 billion in revenue from asset sales, Greece has barely managed to scrape together 3 billion euros. click here.

 Jun 02 - Egypt Suez Canal revenues at $1.239 bln in Q1 2016 - MENA
Revenue from Egypt's Suez Canal reached $1.239 billion in the first quarter of 2016, up slightly from $1.236 billion in the same period last year, the state news agency MENA quoted the Suez Canal Authority chairman as saying on Wednesday.Mohab Mameesh said the canal's revenues had increased despite slowing global trade. click here.

Jun 02 - Pre-Vienna Rumour Mill Cranks Up With Freeze Talks Trumpeted Yet Again
Zero Hedge laments that any such rumours are being taken seriously.

Jun 02 - "Venezuela will not default" Says Del Pino as OPEC's Fragile Five Sweat Over $50 Oil
RBC Capital Markets believes the time of reckoning for OPEC's beleaguered smaller members is rapidly approaching.

Jun 02 - Crude Ends Day Mostly Flat
Bunker prices were mostly stable in the primary ports.

Jun 02 - Irish Ferries Opts for Scrubbers for ECA Compliance on Newbuild
Irish Ferries says the €144 million vessel will also be designed to deliver "optimal fuel consumption."

Jun 02 - Iran Fuel Oil Shipment to Asia Deferred
A Singapore-based trader says a NIOC fuel oil loading originally set for June and bound for Asia has been deferred for a later date.

Jun 01 - United Arab Emirates and Others Predict $60 Oil This Year
But even that won't be enough for OPEC members to make their market share first policy economically viable.

Jun 01 - Hyundai Merchant Marine Comes One Step Closer to Stabilizing Its Business and Financial Status
Bondholders have agreed to swap more than half the company's debt with HMM stocks.

Jun 01 - Industry Insight: Fuel Management Tips for Smooth Sailing

Whether it is for pre bunkering procurement or post bunkering handling, management should have policies in place and monitor their compliance.

Jun 01 - ING Getting 100% of OW's Bunker Bills Should Not Be Seen as a "Windfall" - ING Lawye
OW secured its $700 million facility based on their invoice totals, not the eventual trader margin, ING lawyer Bruce G. Paulsen tells Ship & Bunker.

Jun 01 - Rosneft and Hellenic Petroleum Ink Co-Operation Agreement
Among the terms agreed is the potential for Rosneft to utilize product from Hellenic Petroleum's refineries for bunkering and trading.

Jun 01 - CTG Scrubber Monitoring System Gains DNV GL Statement of Compliance
CTG says its Sea Sentry Exhaust Gas Scrubber Water Monitoring System has gained DNV GL's Statement of Compliance for MEPC.259(68).

May 31 - OceanConnect Marine Opens Office in Athens
The global bunker trader and broker has also appointed Christos Katarachias as Marine Lubricants Trader.

May 31 - Money Losing OPEC Members Expected To Follow Saudi's Lead on Market Share First Strategy at Vienna Summit This Week
Meanwhile, one western analyst credits Saudi Arabia for having a keen business sense.

May 31 - Iraq Ramps Up Production - But Analyst Downplays Fears of Market Rebalance Delays
Iraq will supply 5 million barrels of extra crude to its partners in June.

May 31 - CMA CGM Moves to Complete NOL Acquisition
CMA CGM Monday announced its "firm intention" to put forth an all-cash voluntary conditional general offer for NOL's remaining outstanding shares.

May 31 - Tanker May Be Linked to 15 Tonne Fuel Oil Spill in Malaysia
A Port Klang-registered oil tanker is said to be suspected of causing Friday's fuel oil spill in Penang's North Channel.

May 30 - Bunker Saving Hull Coatings Firm Cleared of Using Anti-Competitive Practices
Jotun says the Competition Authority has not found reason to proceed with its investigation of the company for possible breaches of competition law.

May 30 - Trump Bashes Obama on Oil, But Kilduff Says the President May Have Done Shale a Favour
The analyst also questions campaign claims of no new U.S. refineries being added in decades.

May 30 - Increasing Need for Buyers to Vet Bunker Suppliers, Says Singapore's TransNav Shipping
Morten Olsen Vind, VP at TransNav Shipping, says vessel owners need to carefully vet bunker suppliers prior to conducting business with them.

May 30 - Forget "Retrograde Institution" OPEC, Say Analyst, Nigeria Can Bring About Oil Market Rebalance
More eyes will focus on the cartel's Vienna meeting to determine just how shaky its future is.

May 30 - Today's Bunker Industry Players Lack Knowledge, Values: Muhtaroglu
"I would like to see the industry to come together to restore our credibility," the Energy Petrol Chief Executive tells Ship & Bunker.

May 27 - Australia Well Positioned to Use LNG Bunkers, but There's Little Motivation to Do So
Comments came from an expert panel at the LNG as Marine Fuel seminar, held as part of the LNG18 conference.

May 27 - Saudi Arabia "Killed OPEC and Buried It", says OPEC Source
The remark joins a growing chorus of critics who question the cartel's fundamental reason for being.

May 27 - 2004-Built Box Ships Get Double Bunker Saving Upgrades
The two Danaos container vessels, CSCL Europe and CSCL America, will recieve fixed pitch Kappel propellers, among other upgrades.

May 27 - Nigeria Oil Supply Picture Worsens as Militants Shut Down Chevron Plant
Crude briefly breaks $50/bbl Thursday but analysts say that despite global declines continuing, prices may not necessarily climb dramatically.

May 27 - Harmony of the Seas: World's Biggest Cruise Ship 20% More Fuel Efficient than Her Sister Ships
Harmony of the Seas is packed with the latest bunker-saving tech.

May 27 - Maersk goes after market share even as volume growth slows (Alphaliner)
- Of the 12 main container carriers that have reported financial results for the first three months of the year, only four posted positive operating margins of between 0.1% and 1.5%, while the remaining eight carriers reported negative margins. Average operating margins of the 12 carriers fell to –5.2% in the first quarter of 2016, compared to +5.1% in the same period last year.
- Carriers’ operating margins crumbled as freight rates slumped to record lows in the first quarter. Average freight rates, based on a sample of the ‘reported revenue per teu’ of eight main carriers, dropped by 23% in the first quarter compared to the corresponding period of 2015. The fall in carriers’ average freight rates was only slightly less severe than the 30% reduction in the CCFI composite index recorded during the quarter. This is due to the relatively more stable backhaul rates. These are not captured by the CCFI, an index which only tracks headhaul export rates out of China.
- The weak rate environment was compounded by anaemic volume growth, with total container volumes growing by only 1.6% in the first three months of the year, based on Alphaliner estimates. While carriers’ liftings performance varied, Maersk posted the highest volume gains with a year-on-year increase of 7.0% to 4.72 Mteu in the first quarter of this year. In spite of this, the carrier’s freight rates declined by 26% to only $929/teu, compared to $1,247/teu a year ago.
- Maersk’s decision to pursue market share contributed to the decline in freight rates of early 2016: In the year’s first quarter, when most competitors were trying to curb capacity growth, Maersk deployed off-schedule extra loaders on both the Asia - Europe and Transpacific routes.

May 27 - Shipping group CMA CGM targets $1 bln savings in tough market
France's CMA CGM, the world's third-largest container shipping firm, reported a first-quarter net loss on Friday and targeted $1 billion in cost cuts to keep operating margins positive during the current market downturn.Weak freight rates in the past year have left many lines operating at a loss.The Marseille-based company is in the process of acquiring Singapore's Neptune Orient Lines (NOL) for $2.4 billion in its biggest-ever deal, and last month announced a global vessel-sharing alliance with three Asian lines. click here.

May 26 - Q88VMS and Ship & Bunker Announce Integration
"We are very excited about the integration with Ship & Bunker and the value it will bring to our customers," says Gabriel Reiter, Q88VMS Product Manager.

May 26 - "The Freeze Is Finished" says OPEC Delegate as Iran Closes in On Pre-Sanction Output
Some analysts says the best outcome of the Vienna meeting will be no outcome at all.

May 26 - CMA CGM Gets China Approval to Proceed With Takeover of Singapore's NOL
"CMA CGM expects to announce the Offer by June 2, 2016 (before 7 a.m.) at the latest," the company said.

May 26 - Qatar: $65 Oil is "Fair" and "Badly Needed"
The country's energy minister says the security of future supplies depends on higher prices.

May 26 - "The Freeze Is Finished" says OPEC Delegate as Iran Closes in On Pre-Sanction Output
Some analysts says the best outcome of the Vienna meeting will be no outcome at all.

May 26 - Deal to Bring LNG-Powered Cold Ironing Barge to Rotterdam "Well Underway"
Focus is to bring LNG-generated power to container ships, bulkers, and tankers.

May 26 - Royston Automates Vessel Mode Detection for Improved Bunker Consumption Monitoring
Royston's Engenei is now able to automatically identify a vessel's operational mode, eliminating human error to more accurately analyse fuel consumption.

May 26 - Singapore Exchange in talks to buy London's Baltic Exchange
The Singapore Exchange (SGX) is in exclusive talks to buy London's Baltic Exchange, which has been at the heart of the global shipping industry for centuries, the two companies said on Wednesday. Founded in 1744, the Baltic Exchange is no longer a forum for chartering vessels but owns benchmark indexes for global shipping rates and provides a trading platform for the multi-billion dollar freight derivatives market.  click here.

 May 26 - Commodities shipping firms struggle to ride out worst downturn on record
Shipping companies transporting coal, and iron ore and other commodities are urgently seeking ways to conserve cash and withstand the worst market downturn on record as too many ships chase shrinking business.A shortage of financing - estimated at $30 billion and caused in part by banks cutting lending to sectors such as shipping - has also hurt companies, sending some to the wall. click here.

May 25 - Brazil sugar shipments rise sharply; to test ports
Brazilian ports are expected soon to move 40 percent more sugar than they did last year, causing some in the market to worry about ports' capacity to deal with volumes when soybean exports are at their peak. The amount of sugar to be loaded in Brazilian ports in the next days is expected to reach 1.62 million tonnes, 42 percent more than at the same time last year, according to shipping agency Williams. click here.

May 25 - Industry Insight: IMO Secretary-General Kitack Lim Talks Vessel Efficiency Technology, LNG Bunkers
New technologies and innovation are very important tools and can significantly enhance ships' energy efficiency, says Lim.

May 25 - Aegean Reports Another Quarter of Record Sales Volumes, Which Rise Almost 45% Y-o-Y
This is the third consecutive quarter that the physical supplier has noted record volumes.

May 25 - NAPA Verified Tests Show 2% Bunker Savings From Lube Additive
Nanol Technologies says its product can bring "significant savings" and also "help to save the environment by reducing emissions."

May 25 - Dan-Bunkering Expands Physical Supply Presence
"We feel we have a lot to offer our clients in this particular region," says the company's General Manager Pedro Gomez.

May 25 - Bunker Tanker Owners Could Benefit from Proposed Ballast Water Rule
Bunker tankers operating within Same Risk Areas would not have to pay to upgrade their vessels with BWM systems.

May 25 - Piraeus Set for More Disruption as Strike Action Continues
The Port of Piraeus Dockworkers' Union has announced that they are planning to launch a number of 48-hour strikes beginning at 6 a.m. on May 26.

May 24 - Bad Times Loom for Physical Suppliers as US OW Bunker Proceedings Reach Major Milestone
"I'm not sure physical suppliers should be that surprised, as the requirements of CIMLA are clear," ING lawyer Bruce G. Paulsen tells Ship & Bunker.

May 24 - Singapore LNG Bunkering "Might Be a Game Changer," Says VDR
Martin Kröger, VDR's managing director, says he expects that LNG bunkering will experience "a lot of movement in the future."

May 24 - Postponing 0.50% Sulfur Cap to 2025 May be Considered Politically Unacceptable: ICS
IMO is supposed to be making the decision based on whether there will be enough compliant fuel to meet demand.

May 24 - VDR: Upcoming Global Sulfur Cap Will Be "Quite the Challenge" and "the End of Heavy Fuel Oil for Shipping"
Martin Kröger, VDR's managing director, points to difficulties with compliance and enforcement in international waters.

May 24 - Fleet Operations Centre Enables Hamburg Süd Up to 7% Bunker Savings
The company also says it has achieved a fuel savings of as much as 40 percent by decreasing the speed of its "Santa" class vessels from 20 to 16 knots.

May 24 - No Chance of Output Freeze Under "Comatose" OPEC Leadership: Analysts
The success of Saudi Arabia's sky-high output strategy negates any chance of a freeze being agreed upon, they say.

May 24 - Popular Bunkering Course to be Run Entirely in Spanish For First Time
After being help in Rotterdam for over 10 years, this July BunkerExperience will be held in Panama, course director Goris Vermeulen tells Ship & Bunker.

May 23 - $50 Oil Not Enough for US Shale Oil Comeback, Needs to Hit $75/bbl: Ward
Tapstone Energy chief says drillers need to outspend cash flow to increase production, but capital markets are essentially closed to them.

May 23 - "Big Disagreements Inside OPEC" Make Any Freeze Agreement Unlikely: Russia
However, the country is ready to participate as a consultant should the prospect arise.

May 23 - Sri Lanka Moves to Include MARPOL Annex VI in National Legislation
"Air pollution caused by emissions of ships has rapidly increased," the government stated.

May 23 - Higher Bunker Prices Contributed to Softer Tanker Rates in Q1: Teekay Tankers
Teekay also predicts "very low global fleet growth after the current order-book delivers over the course of 2016 and 2017."

May 23 - Call For Change After Authorities Fail to Recover Cost of Bunker Spill
Local authorities were reported to have been short NZ$90,000 on clean up costs for the 2015 Tauranga Harbour bunker spill.

May 23 - Finning Urges Uptake of Tech for Bunker Consumption Monitoring
Finning's call comes after the IMO recently approved requirements for ships to record and report bunker consumption.

May 23 - DNV GL in New Partnership for its "ECO Insight" Vessel Efficiency Tool
Deal will give ECO Insight access to a variety of fleet performance analytics from M.A.C. Solutions' SDBnet, including bunker consumption.

May 20 - Industry Insight: Overcoming the Cost and Supply Challenges for Low Sulphur Fuel Oil in 2020
Genoil's GHU technology can take refinery residue and turn it into low sulphur fuel oil to meet the 2020 legislation.

May 20 - Iran Oil Exports Expected to Climb Nearly 60 Percent as Analysts Say the Sanctions May Have Made The Country Stronger
The International Monetary Fund argues that the sanctions forced Iran to diversify economically.

May 20 - Kuwait Reverses Attitude of Earlier This Week, Now Favours Global Oil Market Developments
Kuwait's deputy prime minister for Kuwait, says his country will maintain its high output.

May 20 - UASC to Decide on Operations Merger with Hapag-Lloyd in June
The company is said to be scheduled to hold a shareholders vote at an extraordinary general meeting on June 2, 2016.

May 20 - Gazpromneft Bunkering Operation Marks Ninth Season of Supply Service for Royal Caribbean
On May 8, Gazpromneft East bunkering vessel is said to have provided IFO and MGO bunkers to the 9500 DWT Celebrity Silhouette at the port of St Petersburg.

May 20 - No Denying" Renewable Energy is the Future of Vessel Propulsion: Norsepower CEO
Tuomas Riski, Norsepower's CEO, says the company's smaller rotor sails have been proven to reduce fuel consumption by 6.1 percent.

May 19 - Argentine grains port workers back on job after brief strike
A one-day strike at the Rosario grains export hub in Argentina ended on Friday after the government compelled union and company officials to enter into wage negotiations for 15 days, a union leader said.The strike began at midnight local time and ended around noon after the union agreed to the government mandate for a "reconciliation" period to settle the dispute, said Edgardo Quiroga, an official with the CGT union's San Lorenzo branch. click here.

May 19 - Louis Dreyfus seeking logistics investments in Egyptian ports
Commodity trading group Louis Dreyfus Company said on Wednesday it is looking for investments in port logistics in the Middle East, especially Egypt, as the sector continues to lag behind market growth. "The markets are growing and in most cases the ports remain largely governmental and have probably been a little bit slower to move than the private sector," James Wild, head of Louis Dreyfus Middle East and East Africa told Reuters. click here.

May 19 - Trump Advisor Pushes Bill to Investigate OPEC Over Unfair Trade Practises
If passed, the bill would create a commission that would investigate the cartel as well as State-owned oil companies.

May 19 - Kilduff Revises March Prediction of $25 Oil, Now Estimates Prices Could "Easily Correct" to $35
The analyst reiterates his position that a true market rebalance won't happen any time soon.

May 19 - Tema Port Director Warns of Punishment for All Polluting Vessels Following Bunker Spill
Adorkor says that the punitive measures taken against the company align with international regulations.

May 19 - China COSCO Has No Intention of Routing Ships Through Arctic Despite Government Encouragement
The company says routing its ships through the Arctic would present too much risk to their ships and customers' cargo.

May 19 - Vietnam PM Gives Green Light to Ship Pollution Plan
The plan is aimed at controlling environmental impacts of shipping by boosting environmental inspection at the country's ports, among other activities.

May 19 - Neo: Singapore Bunker Players Shouldn't Believe Those Predicting Market Disruption from MFMs
From the few who do take their business away from Singapore, it is Sri Lanka and the West Coast of India who could benefit, Neo tells Ship & Bunker.

May 18 - BIMCO: Bunker Contract Amendments Not a Foregone Conclusion Following Res Cogitans OW Bunker Test Case Outcome "The "Res Cogitans" is based upon a specific set of circumstances which we need to consider carefully," BIMCO's Grant Hunter tells Ship & Bunker.

May 18 - Low-Sulphur Non-Compliance Jumps from 1% to 5%, and 8.5% in North Sea
An "initial assessment" of port inspection figures for 2015 indicates that the average compliance rate was "about 95%."

May 18 - Finnish Bunker Fuel-Saving Firm Opens UK Office
Eniram says London "is the primary hub for shipping-related services."

May 18 - Cem Saral to Replace Karl Beeson as Group CEO of Cockett Marine Oil
Beeson to step down on September 1, 2016 after eight years in the role.

May 18 - Worsening Canadian Wildfire Causes More Shutdowns and Price Hike
Deteriorating conditions in Canada help push up crude benchmarks, while Ship & Bunker's global average price indices for IFO380 all rose $2.50/mt Tuesday.

May 18 - Forget Saudi Arabia and Iran: Nigerian Militants Biggest Upside Risk for Global Oil Prices, Says RBC Capital Markets
RBC Capital Markets warns that the Niger Delta Avengers are intent on and able to shut production.

May 17 - Brent Hits 6 Month High as Capital Economics Says Price Rally "Has Gone Too Far"
Larger falls in supply and increases in demand are required for true market stability, it argues.

May 17 - Wee Tiong Addresses Singapore, Malaysia, China Physical Bunker Supply Rumours
"For complete clarity, we did not and do not have any intentions to acquire Searights," the company tells Ship & Bunker.

May 17 - Kuwait: Market Can't Take Increased Iranian Oil Production
But the Islamic Republic turns a deaf ear to Kuwait's argument that the market can no longer take the strain.

May 17 - OPEC: Fundamentally, Oversupply Still Persists
The cartel contradicts IEA predictions, says the global glut will increase to 950,000 barrels if its members keep producing full-tilt.

May 17 - Sign of the Times for Cruise Industry as Carnival Hails its In-Port LNG Use at Hamburg
Its AIDAprima vessel was bunkered with LNG at the Steinwerder cruise terminal, while AIDAsol plugged in to an LNG powered cold ironing barge.

May 17 - MSC Fined $50,000 for Ghana Bunker Spill
The fine is the result of a HFO spill at the Tema Port, which was linked to the container ship MSC Alexa.

May 17 - Crude Benchmarks Leap on Supply Fears
The bulls were tempered though as Genscape hinted at an inventory build last week.

May 13 - Ocean Alliance "Unlikely" to Impact Singapore Players
Two hub ports in the Strait of Malacca, Singapore, and Westports in Malaysia, are expected to be maintained.

May 13 - Global Oil Supply and Demand Will Soon Get "Very Close to Balance": IEA

But don't expect prices to reach acceptable levels immediately, the agency warns.

May 13 - Global Cap on Sulfur in Bunkers Should be Phased In, Expert Suggests
Navigistics Consulting's David St Amand says, in addition to completing its fuel availability study, the IMO should stagger the sulfur limit reduction.

May 13 - Nigeria Plus OPEC Strategy Could Equal Oil Shock: Bloomberg

Analyst Julian Lee worries that rising production means the world is less able to cope with a big supply disruption.

May 13 - Promotion as UK Bunker Player Looks to Develop Marine Portfolio
"Continuing to grow our Marine division is essential," the company says.

May 12 - Baltic Exchange says talks still ongoing with potential buyers
Talks between the Baltic Exchange and a number of suitors are continuing, but any potential buyer of the business will have to provide assurances that its central role in shipping will not be "undermined", the Baltic's chairman said on Wednesday.On Feb. 26 the privately held Baltic Exchange confirmed it had received a number of "exploratory approaches" after the Singapore Exchange Ltd (SGX) said it was seeking to buy the business. click here.

 May 12 - UK court ruling in OW Bunker case may mean double payments for shippers
The UK Supreme Court ruled in favour of bankrupt marine fuel supplier OW Bunker Malta in a dispute over payment liabilities, potentially leaving buyers around the world liable to pay for the same fuel twice.“The Supreme Court unanimously dismisses the appeal by the Owners, PST Energy,” the Court said on Wednesday. click here.

 May 12 - ICE to launch containerized white sugar contract on June 20
ICE Futures Europe said on Wednesday it plans to launch a containerized white sugar futures contract on June 20 with the first listed contract to be October 2016.The contract, which could eventually supplant the existing global benchmark, reflects the growing dominance of containerized trade. click here.

 May 12 - Port operator PSA International sets up venture capital arm
Singapore-headquartered port operator PSA International Pte Ltd has set up a corporate venture capital arm, PSA unboXed, with an initial fund size of S$20 million ($14.66 million) to invest in startups.PSA said it would seek to invest in companies developing logistics solutions, including robotics and automation in container and cargo handling operations. click here.

May 12 - Dreyfus may sell stake in new Brazil grains terminal - source
Agricultural commodity trader Louis Dreyfus may sell a stake in a new northern Brazil grains terminal to book profits from its early participation in the project, a company source said on Thursday.The Tegram terminal, at Itaqui port in Maranhão state, is one of the new terminals under development in north-northeastern Brazil that put cargoes closer to some export markets. click here.

May 12 - OPEC Has Practically Stopped Existing as a United Organisation: Sechin
Rosneft CEO says a number of objective factors exclude the possibility for any cartels to dictate their will to the market.

May 12 - Fujitsu Says New "Highly Accurate" Fuel Efficiency Tech Could Save 5% on Bunker Costs" With this technology, it is possible to accurately estimate a ship's performance in actual sea conditions, which previously had a large margin of error," says Fujitsu.

May 12 - One Third of Bunker Vessels in Singapore Now Equipped with an MPA Approved Mass Flow Metering System
Fellowship, Sea Tanker I, and Sentek 27 were the latest vessels to join the list.

May 12 - Crude Benchmarks Rally Another 3%
The market was surprised by a 3.4 million barrel draw induced by the Canadian wildfires.

May 12 - Shell Takes Delivery of Third OSV with LNG Propulsion
The Harvey Liberty is set to support Shell's deep-water operations in the Gulf of Mexico.

May 12 - UK Supreme Court Rules in Favour of ING in "Res Cogitas" OW Bunker Test Case The U.K. Defence Club called the outcome "disappointing."

May 12 - Baltic Exchange says talks still ongoing with potential buyers
Talks between the Baltic Exchange and a number of suitors are continuing, but any potential buyer of the business will have to provide assurances that its central role in shipping will not be "undermined", the Baltic's chairman said on Wednesday. On Feb. 26 the privately held Baltic Exchange confirmed it had received a number of "exploratory approaches" after the Singapore Exchange Ltd (SGX) said it was seeking to buy the business. click here.

May 11 - Bunker Spill in Hamburg After Pilot Boat Hits CMA CGM Box Ship
A pilot boat is said to have torn a gash in the side of the 5,782 TEU CMA CGM Bellini while it was docking at the Waltershofer Hafen.

May 11 - AidaPrima to Become First Cruise Ship to Burn Only LNG Bunkers in Port After Successful Test Run
Carnival says it is a "first for the cruise industry" and means the ship will be able to operate with "the world's cleanest burning fossil fuel" while in port.

May 11 - India Suggests SCI Move to More Fuel Efficient Ships
A government committee suggests upgrading SCI's fleet, which consists of 69 vessels, could help the company make a financial turnaround.

May 11 - Indonesian Navy Thwarts Oil Theft on Hijacked Tanker
The tanker is said to have been carrying approximately 50,000 gallons of oil when it was hijacked by pirates off Borneo.

May 11 - Crude Claws Back Yesterday's Price Shedding
The disruption in Canada coupled with a series of attacks on Nigeria's oil infrastructure suddenly had the market on edge.

May 10 - No Freeze and Saudi Arabia Losing The Price War Are the Immediate Fallouts of Naimi Dismissal: Iran
The Islamic Republic says discussing a freeze with OPEC in Vienna is now "unlikely" and the Saudis have "destroyed" $100 oil.

May 10 - Singapore Bunker Supplier Dismisses Bankruptcy Rumours
The well known supplier tells Ship & Bunker it has no further comment to make on the matter at this time.

May 10 - Markets Enter a "New Era" as Saudi Arabia Ends Reign of the Most Powerful Man in Oil

May 10 - Bunker Broker Liberty Marine Moves to Denmark
The company was founded last year by Jesper Jervild.

May 10 - Concerns Over Distillate Shortage to Meet Global 0.50% Sulfur Cap Could be Misguided: Tolson There is evidence to suggest to the contrary, says the 20|20 Marine Energy Senior Partner.

May 10 - Saudi Arabia Wants "Significant Growth" in Oil Output This Year
Amin H. Nasser says Saudi Aramco will boost capacity at its Shaybah oil field by 33 percent within "the next couple of weeks."

May 10 - Wärtsilä Joins LNG-Powered Bulk Carrier Project
Led by Athens-based Arista Shipping, Project Forward also involves Deltamarin, American Bureau of Shipping, and GTT.

May 09 - 380 cSt Supply to be Suspended at Taichung Port

CPC says annual maintenance of the barge Chun Yu No. 1 is the reason behind the suspension.

May 09 - Bulk Carrier Crew "Trapped" in Fallout from Bunker Dispute
Termoil had DST Oslo arrested last week, claiming that about $460,000 is owed for a one year-old unpaid fuel bill and associated costs, including interest.

May 09 - Iran to Hold Steady at Current Oil Output Levels, May Even Participate in Revived Production Freeze Iran's deputy oil minister predicts there will be "more coordination" at the next OPEC meeting.

May 09 - LNG and Methanol "Most Promising" Alternative to Conventional Bunkers: EC
EC says LNG and methanol could be used as transition bunkers before completing a shift to biofuels.

May 09 - Nanostructure Filters Could Offer Low Cost, More Environmentally Friendly Solution for ECA Compliance: EPFL Mario Michan, a researcher at EPFL's Swiss Plasma Center says the technology not only reduces sulfur emissions, but NOx emissions as well.

May 09 - Markets Enter a "New Era" as Saudi Arabia Ends Reign of the Most Powerful Man in Oil Ali bin Ibrahim Al-Naimi Saturday was replaced by Saudi Aramco chairman Khalid al-Falih.

May 09 - "OPEC is Dead" Says Official After Riyadh's Major Shift in Thinking Widens Cartel's Cracks Riyadh is now mindful that the global market is experiencing a structural shift rather than a temporary trend.

May 05 - Pressure builds on shipping industry to set carbon targets  

Disagreement among nations means no carbon emissions targets have been set for international shipping, but voices from within the industry are calling for global curbs to be set soon, before countries or regional blocs take matters into their own hands. The shipping sector, like aviation, was excluded from any target cuts under last year's Paris climate deal, which set a goal of restricting the rise in global average temperature to less than 2 degrees Celsius. click here.

 May 05 - Maersk set fair for consolidation after surprise shipping profit
A.P. Moller-Maersk returned to profit at its main container shipping business in the first quarter, putting the cash rich company in a strong position as the struggling industry consolidates. The group's shares were up by 5.6 percent at 1127 GMT on Wednesday after Maersk Line confounded expectations of a loss at the container shipping business as the sector grapples with a downturn brought on by overcapacity. click here.

 May 05 - EU clears CMA CGM, NOL container shipping merger
The European Commission said on Friday it had cleared French shipping group CMA CGM's $2.4 billion takeover of Neptune Orient Lines on condition that NOL pulls out from a rival shipping alliance. The announcement confirms a Reuters report on April 21 about the impending approval. CMA CGM, the world's third-biggest container shipping company, is looking to strengthen its position against bigger rivals Maersk Line and Swiss-based Mediterranean Shipping Co (MSC). click here.

 May 05 - Panama Canal expansion exposes US infrastructure, shipper woes
The $5.2 billion expansion of the Panama Canal was expected to make U.S. East Coast ports more competitive for cargo ships carrying televisions, tennis shoes and other products from Asia. But those hopes are fading. As the wider, deeper canal nears its debut next month, ports that stand to gain aren’t ready to handle the bigger ships that will come through. click here.

 May 05 - Al Qaeda in Yemen poses growing threat to shipping - naval force
Al Qaeda's Yemen branch remains a powerful force and poses a growing risk to merchant ships in vital waterways nearby despite efforts by Yemeni government forces and their allies to push back the group, a top officer in an international naval force said. Al Qaeda in the Arabian Peninsula (AQAP) confirmed on Saturday it had withdrawn from the southern Yemeni port of? Mukalla - a week after Yemeni government and Emirati soldiers seized the city that was used by the Islamist militants to amass a fortune. click here.

May 05 - Alliance Orphans Could Combine to Represent a Serious Counterweight to 2M, Ocean Alliance: Alphaliner
Existing box shipping alliances are currently in flux.

May 05 - New ECO Tanker "Symbolises the Emerging Direction of the U.S. Shipping Industry"
General Dynamics NASSCO says the 50,000 DWT newbuild LNG-ready product tanker, Independence, was delivered to SEA-Vista on Thursday.

May 05 - Baltic Dry Index Sheds 56 Points in 4 Days, Falls to 652
Peter Sand, Chief Shipping Analyst at BIMCO, says the industry needs to work to "keep scrapping volumes up" for a meaningful market recovery.

May 05 - Global Bunker Price Hits 2016 High, but Don't Worry, Analysts Say Oil Price Rally Isn't as Spectacular as it Seems
The "lower-for-longer" market approach to pricing is still very much the same as it was in the beginning of 2016.

May 05 - Saudi/Iran Spat Means No Freeze Talks at OPEC June Meeting - But None Required Anyway, say Delegates
The delegates believe market improvements have rendered freeze talks unimportant.

May 04 - New Singapore Barge for LUKOIL Marine Lubricants
The barge is the third and largest in the company's Singapore fleet.

May 04 - Low Bunker Price Helps Maersk Save $1 Billion in Q1 2016
Average price paid for bunkers halved year-over-year.

May 04 - $1.7 Million Singapore Bunker Dispute Falls into Legal Grey Area
Judicial Commissioner says circumstances of the defendants appeal "does not seem to have been decided by our courts."

May 04 - MSC Settles $3.7M OW Bunker Dispute With ING, Physical Supplier
Move comes on the heels of two recent US court decisions suggesting the country's physical suppliers could be left unpaid in such situations.

May 04 - Nominations Open for Wind Propulsion Innovation Awards 2016
The awards are intended to recognise technological innovation and development of wind propulsion as a viable solution for the shipping industry.

May 04 - Bunker-Only Calls a "Real Headache" for Operators: WSS
WSS wants bunker buyers to ditch the "mom and pop" players in favour of its "one stop shop" approach to bunkering.

May 04 - Operations at Port Said's SCCT Terminal Halted After Fire
Operations are reported to have been halted Tuesday as a result of an electricity safety issue after a container ship hit a gantry crane, causing a fire.

May 04 - West Africa pirates switch to kidnapping crew as oil fetches less
Pirate gangs in West Africa are switching to kidnapping sailors and demanding ransom rather than stealing oil cargoes as low oil prices have made crude harder to sell and less profitable, shipping officials said on Tuesday. Attacks in the Gulf of Guinea - a significant source of oil, cocoa and metals for world markets - have become less frequent partly due to improved patrolling but also to lower oil prices, according to an annual report from the U.S. foundation Oceans Beyond Piracy (OBP), which is backed by the shipping industry. click here.

May 03 - Saudis Either Fearful of Oil's Future or Don't Have As Much Of It As Everyone Thinks: Analyst The Saudi Aramco shares sale may be more of a shrewd divestment strategy than a means to diversify economically, says Caprock Group

May 03 - Bunkers Could be on the Way Down as Brent Dips 3% and More Downside Anticipated "Our high side parameters for both WTI and Brent have been achieved," says Ritterbusch & Associates. 

May 03 - MPA: New Singapore Tuas Terminal to Help Bunker Players Increase Efficiency Tuas Terminal will feature a "just-in-time" arrivals system.

May 03 - OPEC Exacerbates Global Oil Glut with Near Record High Output
Iran posted the biggest production increases in April at 3.40 million barrels per day.
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May 03 - Mediterranean Ports Get No Competitive Advantage From Lack of ECA: Report The port authority also says transport to much of Europe via Northern European ports is "more sustainable" and cheaper than that of travel via Southern Europe.

May 03 - Aalpha Energy Opens Fuel Oil Brokering Desk in Houston
The desk will be staffed by three former BP traders.

May 03 - "More Needs to be Done" on Hull Performance Management: Jotun
The comments came at the inaugural HullPIC conference, which was held to address industry needs for ways to measure hull and propeller performance.

May 02 - Takoradi Bunker Terminal Construction Begins on Hopes of Creating New West African Bunkering Hub Currently, the lack of bunkering services at the Takoradi Port means visiting vessels must travel to Nigeria or Cote d'Ivoire for refueling.

May 02 - ICS "Strongly Criticises" Spanish Supreme Court Decision in Prestige Oil Spill Case ICS says that, in light of the court's decision, it "fears that that the entire system of efficient compensation for oil spills could be put in serious jeopardy."

May 02 - Langh Tech Scrubbers Set for Installation on Norwegian Cruise Ships
The delivery is said to include scrubber units for each of the vessels' five engines, as well as treatment plants for the scrubber water.

May 02 - Oil Rally Looks Like Last Year's False Recovery: Commerzbank
BNP Paribas are among those who reiterating warnings for $30 oil.

May 02 - OPEC Exacerbates Global Oil Glut with Near Record High Output
Iran posted the biggest production increases in April at 3.40 million barrels per day.

May 02 - Singapore: Top 20 Singapore Bunker Supplier has Licence Revoked as MPA Takes Action Against Two Players MPA says there were "discrepancies and wrongful declarations."

Apr 29 - Analysts Worry that Oil Rally Will "Run Out of Steam Soon"
They cite on-going global stockpile increases as the cause of their concern.

Apr 29 -  Ceramic Membrane Scrubber First at Cosco Shipyard
The scrubber technology has been installed on MG Management's RO-RO carrier, NOLHANAVA.

Apr 29 - UECC "First of Its Kind" LNG Propelled Car Carrier Launched
A formal launching ceremony for the dual-fuel LNG-propulsion capable car carrier, TBN Auto Eco, was held on April 14.

Apr 29 - Mercuria U.S. Fuel Oil Head to Join Hartree: Reports
Anonymous sources said Joe Garcia has resigned his position as head of Mercuria Energy Group's U.S. operations.

Apr 29 - As Oil Hits 2016 high, Danish analyst Predicts Shipping Will Lead a Recovery in Offshore Markets However, detractors insist that the price rally is being driven by a weak dollar.

Apr 28 - Strong surf blocks entrance to Brazil's largest port
An agitated sea has blocked the entrance to Brazil's largest port of Santos, preventing ships from entering or leaving for more than 12 hours during peak soy export season. Nine ships were stopped from leaving the channel and 10 from entering since Wednesday evening, port authority Codesp said on Thursday. click here.

Apr 28 - Two Tankers Arrested in Singapore
An Aframax and a Suezmax have been arrested over the last week.

Apr 28 - Insiders say $50 Oil May Cause a Floodgate of Activity
More rigs and better cash flow will be the outcome of higher prices.

Apr 28 - Vessel Arrested Over Unpaid Replacement Bunkers
The case has been brought by Monjasa over a deal originating from last year.

Apr 28 - MPs Back Call for Cold Ironing at New London Cruise Terminal
"Levels of air pollution are far too high in our capital," says MP.

Apr 28 - GAC Launches EnvironHull Fuel Cost Savings Calculator
"A foul-free hull offers the benefits of significantly enhanced fuel efficiency," says GAC.

Apr 28 - Colombo Tightness to Ease Friday
A tanker is set to arrive Friday, local sources tell Ship & Bunker.

Apr 27 - S.Korea's Hanjin Shipping to seek bank-debt restructuring
South Korea's Hanjin Shipping Co Ltd will ask creditor banks to restructure its debt, the country's largest shipper by assets said, in an attempt to weather a squeeze in margins from a severe industry downturn. Hanjin, whose chairman Cho Yang-ho also controls flag carrier Korean Air Lines Co Ltd, had debt of 5.6 trillion won ($4.9 billion) and a debt-to-equity ratio of nearly 850 percent as at the end of 2015, according to the company. click here.

Apr 27 - U.S. Court of Appeals Upholds WFS' Maritime Lien in Dispute Over Unpaid Singapore Bunker Bill The decision clears the way for further legal proceedings involving World Fuel Services Singapore.

Apr 27 - OPEC, Saudis, Struggling for Relevancy in Rapidly-Changing Market?
Non-OPEC member invitations to OPEC talks coupled with other developments suggest a possible waning of the once-mighty Gulf oil producers.

Apr 27 - Five "Top-Tips" from ExxonMobil for Effective ECA Fuel Switching
"Typically, inadequate management of the fuel switchover process can increase the risk of thermal shock to engine components," ExxonMobil explains.

Apr 27 - Construction Launched on TUI Cruises' New Fuel Efficient Ship
The keel has been laid for TUI Cruises' latest high-technology and fuel efficient cruise ship, Mein Schiff 6, which is under construction by Finland's Meyer Turku.

Apr 27 - Baltic Dry Index Breaks 700 for the First Time Since November 2015
The Baltic Dry Index gained 14 points Tuesday to reach 704, the highest the index has been since November 2, 2015.

Apr 26 - LNG Bunkering in Poland Moves One Step Closer

Preparations for the commercial commissioning of Świnoujście LNG Terminal are close to completion.

Apr 26 - Shell: GTL Bunkers Will Become an Increasingly Important Part of the Fuel Mix
The comments came alongside news that the European Committee for Standardisation has ratified the EN15940 standard for paraffinic diesel fuels,

Apr 26 - Environmental Group Call for Regulatory Action Amid Increased Bunkering at Gibraltar Verdemar-Ecologistas en Acción intends to urge the EU and Spanish authorities to take action to prevent pollution amid growing bunkering activities.

Apr 26 - Emirates Maritime Arbitration Centre Receives Official Decree
Move will "help Dubai rank among the most prominent maritime capitals of the world."

Apr 26 - ABS Releases New Condition Monitoring Guidance New guidance comes in response to "significant advances in condition monitoring software and diagnostic technologies."

Apr 25 - Ship & Bunker Launches New Average Bunker Price Indices

Six new bunker price averages quickly show the overall trends in both global and regional bunker price movements.

Apr 25- Buyer Fights Back Against OW Bunker $1.8M Unpaid Bunker Bill Claim on Grounds Physical Supplier Was Left Unpaid Lawyers say the bunker buyer had specified that paying the physical suppliers was necessary for OW to get paid.

Apr 25- Here is a New Interactive Map Showing Global Vessel Movements & Emissions Over the Course of 1 Year UCL EI researchers used AIS data, and combined that with another database on vessel characteristics to calculate emissions.

Apr 25- No Cut, No Freeze Needed for $85 Oil By the End of 2016: Cornerstone
The analyst bases his prediction on the argument that demand has been understated.

Apr 25- IMO Approves Mandatory Requirements for Ships to Record and Report Bunker Consumption But exactly what will be collected, and indeed when, is yet to be decided.

Apr 25- MEPC 69: ICS Commends IMO's Progress on CO2 Reporting
"We are confident that the IMO system will be fully adopted at the next MEPC meeting in October," said Peter Hinchliffe, Secretary General for ICS.

Apr 25- Big Data Only Half of the Answer in Improving Ship Performance: Propulsion DynamicsHull Performance Firm in Deal to Focus on German Market

Apr 25- VPS, Seagull Maritime to Provide New Training to Address "Pressing Need" for Seafarers to Understand Fuel Quality Issues "Fuel-related knowledge and capabilities are increasingly becoming the keys to mitigating engine breakdowns and unplanned operational downtime," says VPS.

Apr 22 - Indonesia fears piracy surge on shipping route could make it "new Somalia"

Indonesia fears piracy on a shipping route along its sea border with the Philippines could reach Somalian levels and has told vessels to avoid danger areas, officials said on Thursday, after a spate of kidnappings. Analysts say the route carries $40 billion worth of cargo each year. It is taken by fully laden supertankers from the Indian Ocean that cannot use the crowded Malacca Strait. click here.

Apr 22 - Industry Insight: The New Breed of Bunker Players Will be Agile
The bunker industry has changed. It's a tough place to compete in, let alone grow profitably.

Apr 22 - MPA: MGO Mass Flow Metering in Singapore "as Early as 2017"
Mass flow metering for MFO bunkering becomes mandatory in Singapore from January 1,2017.

Apr 22 - Russia Prepared to Push Oil Output to Historic Highs Alexander Novak says the country is "in theory" able to increase production to 12 or 13 million bpd.

Apr 22 - Two U.S. Court Cases Could Shake Up Bunker Supplier Financing, Credit Decisions "If you are a bank you will be questioning and controlling the credit decisions suppliers make much more than in the past," Tolson tells Ship & Bunker.

Apr 22 - Round Two of Freeze Talks Set for May.....or Possibly June, Location Undetermined Iraq claims it wants a freeze for "a short period" to improve prices.

Apr 22 - Iran: Don't Blame Us for Market Destabilization
The Islamic Republic's oil minister says his country will "make efforts" to bring back normality.

Apr 22 - Bunker Saving First for Tier III Compliant Ferry
GE says urea based systems can add 5 to 8 percent to fuel expenses.

Apr 21 - Indonesia fears piracy surge on busy shipping route could lead to 'new Somalia'
Indonesia fears piracy on a busy shipping route along its maritime border with the Philippines could hit levels seen in Somalia unless security is tightened, its chief security minister said on Thursday, following a spate of kidnappings. The route lies on major shipping arteries that analysts say carry $40 billion worth of cargo each year. click here.

 Apr 21 - Cheap oil slows appetite for LNG as alternative shipping fuel
Low oil prices are denting the take-up of liquefied natural gas as a cleaner source of energy to power ships, and it will be a few more years yet before the fuel makes serious inroads into the marine bunker market. The global shipping sector is under pressure from governments to reduce harmful emissions from vessels, including sulphur oxides (SOx), nitrogen oxides (NOx) and carbon dioxide (C02), by using cleaner fuels such as liquefied natural gas (LNG) rather than traditional heavy fuel oil and diesel sources. click here.

 Apr 21 - China wants ships to use faster Arctic route opened by global warming
China will encourage ships flying its flag to take the Northwest Passage via the Arctic Ocean, a route opened up by global warming, to cut travel times between the Atlantic and Pacific oceans, a state-run newspaper said on Wednesday. China is increasingly active in the polar region, becoming one of the biggest mining investors in Greenland and agreeing to a free trade deal with Iceland. click here.

 Apr 21 - Two Indonesian coal ports halt shipping to Philippines on hijack fears
Authorities from at least two Indonesian coal ports have stopped allowing vessels to leave for the Philippines due to security concerns following a spate of ship hijackings in the southern Philippines, a government official said on Wednesday. Departure permits for the Philippines were no longer available for shipping vessels at the Port of Banjarmasin in South Kalimantan and Tarakan in North Kalimantan, said Indonesia's acting director general of sea transportation Umar Aris. click here.

 Apr 21 - Brazil scraps corn import tax as cargos reach ports
Brazil's government decided on Tuesday to eliminate an import tax on corn shipments from countries outside the Mercosur trade bloc to facilitate imports amid tight local supplies. According to Brazil's trading chamber Camex, corn shipments would be exempt from the tax that varies from 8 to 10 percent for a period of six months, up to a maximum amount of 1 million tonnes. click here.


Apr 21 - Australia funds lead bids for $4.1 bln Port of Melbourne sale -sources
Three consortia of Australian and international funds have submitted bids for a 50-year lease of the Port of Melbourne, Australia's biggest shipping container terminal, people familiar with the matter said on Monday. The state government of Victoria aims to raise at least A$5.3 billion ($4.1 billion) before the end of 2016, as part of a broader Australian government privatisation programme to help cut debt and upgrade the country's infrastructure. click here.

Apr-21- 3 Vessels Suffer "Severe Fuel Problems" After Bunkering in Fujairah: ReportIt was, however, indicated that the bunkers in question were within ISO8217 specification.

Apr-21- Bunker Traders Welcome China ECA Regs Clarification
Traders say the clarifications make the new ECA regulations easier to follow.

Apr-21- Most Now Think the Global Sulfur Cap in 2020 is More Likely Than Ever - But There Are Bigger Questions to be Asked: Meech "I think the question marine has to ask itself is, how will it manage its price risks in this new market environment?" Robin Meech tells Ship & Bunker.

Apr-21- Crude Futures Continue to Rise
A smaller than anticipated build in US crude inventories sent the energy complex higher during the days trading.

Apr-21- Dockworkers Launch 48 Hour Strike at Patrick's Brisbane Terminal
Workers at East Swanson Dock Terminal expected launch another 42 hour strike on April 21.

Apr-20- More Bad News for Physical Suppliers Pursuing Claims for Unpaid Bunkers Another case in the U.S. has ruled the physical supplier did not have grounds to hold a maritime lien.

Apr-20- Out of the Blue" Output Reductions Cause Oil Prices to Soar
Just a day after a 5 percent reduction due to the failed Doha talks, the market responds to a Kuwait strike with a 3 percent gain.

Apr-20- Cockett Strengthens Hong Kong Trading Team
"The appointment will enable the Group to develop its presence in Hong Kong," says Group Chief Operating Officer Cem Saral.

Apr-20- Law Firm Warns on "Unexpected" VAT Costs for Intermediaries in Bunker Transactions Nctm Studio Legale examined a recent European Union Court ruling over VAT exemptions.

Apr-20- Oil on the Rise as Speculators Focus on Kuwait
Oil markets will be looking at the API and EIA reports, late Tuesday and early Wednesday respectively, to decide for a direction.

Apr -19- Shell to Supply LNG Bunkers to Carnival
Shell says it has signed an agreement with Carnival to supply LNG bunkers to the cruise line's AIDAprima vessel.

Apr -19- Bunker Spill After Car Carrier Grounding off Busan The vessel is said to have had its fuel tanks ruptured during the grounding caused by a storm, spilling an unknown amount of fuel into the water.

Apr -19- Fujairah Bunkers: Return of Iranian Fuel Oil Behind Big Drop in Cat Fines
Data suggests the port's fuel quality over the February to March period improved overall.

Apr -19- SMW 2016: Difficult Market and Low Oil Prices Means Less Interest in LNG Bunkers Siem Industries chairman Kristian Siem says some of its customers had switched back from LNG to conventional bunkers "because it's cheaper."

Apr -19- Singapore Voices Support for IMO as Secretary-General Sets Sights on Environment for MEPC 69.In opening comments at MEPC 69, IMO Secretary-General Kitack Lim stressed the importance of IMO leadership on shipping emissions reductions.

Apr-19 - No Doha Deal Means No Sabotage of Current Oil Price Recovery: GoldmanSachs :Goldman Sachs analyst said a successful deal would have caused a "self-defeating rally."

Apr-18 - Sharp Fall for Crude in Early Trading on Failed Doha Talks, Could be $30 "Within Days"Bunkers could be heading back under $140 in some of the primary ports.

Apr-18 -29th OW Bunker Related Arrest in Australia
Federal court marshals in Australia Thursday arrested the Malta-flagged bulk carrier Pounda.

Apr-18 - BIMCO Say Bunker Data Collection Should Be Priority Item at MEPC 69
BIMCO announced its priority items Friday, in advance of IMO's MEPC 69 on April 18 to 22.

Apr-18 - EU Representatives Join Green Groups in Urging IMO to Take Emissions Action at MEPC 69.The heads of seven political groups of the EU Parliament's environment committee submitted a letter to the ministers of transport and environment.

Apr-18 - IMO Kicks Off Global Project to Tackle Increasing Shipping Emissions
IMO has issued a call for hosts located in the project's target regions that may be interested in establishing Maritime Technology Cooperation Centres.

Apr - 18-Doha: Drama, Delays, but Day Ends With No Deal at Oil Freeze Meeting
"We need more time to consult among ourselves in OPEC and non-OPEC producers," says Qatar Oil Minister Mohammed Saleh Abdulla Al Sada.

Apr-18-Tanker Arrested in Singapore
The 2012-built Bochem Chennai was arrested at 00.25 am local time on April 12, 2016.

Apr 15 - Maersk Ups Interest in LNG Bunkers

Maersk Maritime Technology says it has joined SGMF to support LNG bunkers as it "may become a user" of the alternative fuel in the future.

Apr 15 - Parker Kittiwake Adds its Voice to ISO 8217:2016 Concerns
The company says proposed changes will "significantly" increase operators' risks of catastrophic engine failure.

Apr 15 - GAC Russia Partners with Far East Development Fund for NSR Development
"Our aim is to bring about fast and positive change by July 1, 2016," says GAC.

Apr 15 - France Backs Bunker Desulfurisation Project
The Future Programme's Worldwide Innovation Challenge has awarded a €200,000 subsidy for a MDO desulfurisation project.

Apr 15 - China's Adoption of LNG Bunkers Slowed by Policy Gaps, Industry Expert Says
Dr. Gan Shao Wei, LNG expert at China Classification Society, says rules that could incentivise China's adoption of LNG as bunkers remain incomplete.

Apr 14 - Expanded Chinese-operated Pakistani port on $46bn economic corridor "almost ready"
The newly expanded Gwadar deep-water port in Pakistan that is key to a planned $46 billion Chinese economic corridor is nearly complete and expects to process about a million tons of cargo next year, the operator said on Tuesday. Most of the cargo will be incoming construction materials to be used in projects related to the China Pakistan Economic Corridor (CPEC), which envisions linking far-western Chinese production regions by road through Pakistan for shipment through Gwadar port to overseas markets. click here.

Apr 14 - Workers protest as Greece sells Piraeus Port to China COSCO
Greece sealed the sale of Piraeus Port Authority to China COSCO Shipping Corporation on Friday, while striking dockworkers protested against what will be the country's second major privatisation since late last year. The sale of Greece's biggest port had been halted by the leftist government of Alexis Tsipras when it won elections in January last year but it was resumed under Greece's 86 billion-euro bailout deal agreed with its euro zone partners in August. click here.

Apr 14 - IEA: Oil Markets Close to Balance in H2 2016
"There is no doubt as to the direction of travel for the supply-demand balance," it says !!!

Apr 14 - Bunker Saving Atlantic Star Wins ShipPax Award for "Revolutionary" Design
KNUD E. HANSEN says it was given the award for the efficient Con-Ro vessel at the Ferry Shipping Conference 2016

Apr 14 - Iran to Open "Biggest of its Kind" Bunkering Operation: Reports
The Qeshm Island facility is reported to be opening within the next two months.

Apr 14 - OPEC Again Downsizes 2016 Forecast, Warns of Deeper Cuts
The cartel cites issues in China and Latin America as well as warmer weather for the downsizing.

Apr 14 - HMM Says Stabilization Within Reach, But its Financials Cause Other Carriers to Be Harshly Assessed
Credit ratings are being downgraded and some carriers are taking significant impairment losses.

Apr 14 - Singapore Posts Highest Ever Q1 Bunker Sales as Record Numbers Flock to Buy Fuel
March was also the 3rd highest ever monthly sales volume for all products, which included the highest monthly volume of LSMGO sales.

Apr 14 - More Doha Rumours Cause Oil to Skyrocket, But Be Prepared for Bearish Outcome
Crude is propelled to four month highs on the rumour that the Russians and Saudis are in consensus about an output freeze.

Apr 13 - Iraq: Everybody Needs the Oil Freeze
SOMO director general pushes for the freeze in the wake of Iraq posting near-record output.

Apr 13 - Propulsion & Emissions Conference to Explore Implications of ECAs and Global Sulfur Cap
The 38th Propulsion & Emissions Conference, which is set to take place at the Grand Elysee Hotel in Hamburg on May 11 to 12.

Apr 13 - Bunkering at Port of Aden Resumes After 1 Year Suspension
The Yemen Gulf of Aden Ports Corporation says bunkering operations have resumed at the port after a year of suspended activities due to political turmoil.

Apr 13 - Vitol Buys $28 Million Stake in Pakistani Fuel Marketer with Bunker Interests
The agreement also includes an option for Vitol to purchase a further 10 percent stake in Hascol within the next year.

Apr 13 - Port of Salalah and Omanoil Agreement to Enhance Bunkering Services
The Port of Salalah signed a lease agreement with Omanoil to develop a small to medium fuel terminal at the port.

Apr 13 - More Doha Rumours Cause Oil to Skyrocket, But Be Prepared for Bearish Outcome
Crude is propelled to four month highs on the rumour that the Russians and Saudis are in consensus about an output freeze.

Apr 13 - Crude Will Hit $85 by End of 2016: Cornerstone Analytics
Such a prediction would, based on current trends, translate to IFO380 bunkers in the $300 to $400 pmt range in the primary ports.

Apr 13 - Lithuanian LNG Bunkering Project at Risk of Collapse
Lithuania's Prime Minister says talks between LitGas and Statoil for small-scale LNG trade must be completed within two weeks.

Apr 13 - Dan Bunkering, BIMCO, Hafnia Team Up to Talk Legal Risks in Bunkering
BIMCO says the first of the series of hour-long seminars will take place in London on April 27, while the second will be held in Hamburg April 28.

Apr 12 - Dominance of North-West European Ports Under Threat from Mediterranean: Report
With North-West Europe home to some of the world's biggest bunkering ports, a shift in traffic could have a potentially notable impact on marine fuel markets.

Apr 12 - Crude Will Hit $85 by End of 2016: Cornerstone Analytics
Such a prediction would, based on current trends, translate to IFO380 bunkers in the $300 to $400 pmt range in the primary ports.

Apr 12 - Any Oil Production Freeze Will Have Limited Near-Term Impact on Tanker Markets: Teekay
But the tanker owner agrees with many others who say such a freeze is unlikely to be reached at the April 17 meeting in Doha.

Apr 12 - Lithuanian LNG Bunkering Project at Risk of Collapse
Lithuania's Prime Minister says talks between LitGas and Statoil for small-scale LNG trade must be completed within two weeks.

Apr 12 - CMA CGM Proposes Alliance Shakeup to Win EU Approval for Takeover of Singapore's NOL
The deadline for its decision on the Neptune Orient Lines takeover has now been pushed from April 15 to April 29.

Apr 12 - Marine industry looks to cruise ships, wind farms to weather oil slump
Marine and offshore engineering companies are turning to cruise ships, fishing vessels or even sea-based wind farms to keep their earnings afloat as weak oil prices slash new spending by big energy companies. Many companies that have focused on building or chartering vessels to support offshore drilling and exploration have seen orders and charter rates tumble following a two-thirds drop in oil prices since mid-2014, pushing them to diversify. click here.

Apr 11 - Wärtsilä to Supply Hybrid LNG Propulsion Packages to Two BC Ferries Vessels
The retrofits are part of mid-life upgrades set to be completed on the two RoPax ferries, the Spirit of British Columbia and the Spirit of Vancouver.

Apr 11 - Sainty Marine Assets to be Sold in Online Auction
Assets totalling some CNY350 million ($54 million) are to be sold April 16 and 17 on digital shopping site Taobao.

Apr 11 - Australian Port Workers Planning Further Strike Action
An Australian dockworkers union has announced planned work stoppage set for April 13 at Sydney's Autostrad Terminal.

Apr 11 - Portuguese Ports to be Hit by Two Weeks of Strike Action
The dock workers union has issued notice of strike action, which will occur from April 20 to May 5, at the ports of Lisbon, Setúbal, and Figueira da Foz.

Apr 11 - MPA Announces Session for Bunker Industry Players at 11th Singapore Maritime Week
MPA CEO Andrew Tan says, overall, SMW 2016 will be focused addressing the economic challenges and untapped growth areas in a challenging market.

Apr 11 - US Authorities Fine South Korean Bunker Tanker Owner $950,000
"The defendants in this case falsified their log books in an attempt to conceal their crimes," says the EPA.

Apr 11 - Update: New Singapore Bunker Player in Talks to Buy Malaysian Physical Supplier
But reports indicating a deal has already been done are incorrect, a spokesperson for the company tells Ship & Bunker.

Apr 11 - Oil at $35 is Economic Poison for Some Exporting Countries, But Good for U.S. Investment
A Macquarie analyst warns that the price will cause further credit downgrades and possible large scale bankruptcies.

Apr 08 - Hyundai to be "Stabilized" by June - But Defaults on Multi-Million Dollar Debt Repayment
Hyundai says it will use proceeds from its dry bulk sales "only for fuelling the normalization of the company's business."

Apr 08 - 20|20 Vision: Ensuring a Level Playing Field - The Challenge of Regulatory Compliance
Compliance based on trust rather than oversight would likely prove a costly option.

Apr 08 - Update: New Singapore Bunker Player in Talks to Buy Malaysian Physical Supplier
But reports indicating a deal has already been done are incorrect, a spokesperson for the company tells Ship & Bunker.

Apr 08 - Bunker Spill Response Sparks Twitter Backlash
Local recreational boaters are unhappy at the clean up following the Istra Ace spill last month.

Apr 08 - MOL Announces Bunker Saving Hull Design of Newbuild Car Carrier
The company says the rounded hull is expected to enable a 2 percent reduction in CO2 emissions compared to current car carriers.

Apr 08 - OW Bunker: Another Blow for Physical Suppliers as Court Rules in Favour of Ship Owner in Double Payment Claim
A judge has ruled an owner is not liable to pay the physical suppler as there was never a contract directly between them.

Apr 08 - Monjasa: No Evidence Was Presented at Trial That Saw 14 Convicted, Bunkering Vessel Forfeited
The local authorities have released only sporadic details on the trial.

Apr 08 - China teapot refiner oil buying spree creates tanker jam at Qingdao
A surge in oil buying by China's newest crude importers has created delays of up to a month for vessels to offload cargoes at Qingdao port, imposing costly fees and complicating efforts to sell to the world's hottest new buyers. China's independent refiners, freed of government constraints after securing permission to import just last year, have gorged on plentiful low-cost crude in 2016. This has created delays for tankers that have quadrupled to between 20 to 30 days at Qingdao port in Shandong province, the key import hub for the plants, known as teapots, according to port agents and ship-tracking data. click here.

Apr 08 - UK shipping sector risks sinking fortunes if Brexit prevails
If Britain votes to leave the European Union, the country's shipping sector faces years of disruption as trade agreements get reworked and currency volatility leads to higher costs at a time when the industry is battling its worst global downturn. Shipping contributes some 10 billion pounds ($14.2 billion) annually to the UK economy and directly employs 240,000 people in multiple areas including maritime services such as ports, transportation, as well as ship broking and marine insurance. click here.

 Apr 08 - Chinese engineer Tysan says to sell majority stake to HNA for $338 mln
Chinese engineer Tysan Holdings Ltd plans to sell a controlling stake to aviation and shipping conglomerate HNA Group Co Ltd for HK$2.62 billion ($338 million), a move which could trigger a mandatory general offer for the firm. The announcement sent Tysan shares up as much as 9.3 percent on Tuesday morning to a record high of HK$4.47 before they fell back to HK$4.37, still up 6.9 percent. That compared with a 1.5 percent fall in the benchmark Hang Seng Index. click here.

 Apr 08 - Saudi's Bahri says secures 1.43 bln riyal Islamic loan for five VLCCs
National Shipping Company of Saudi Arabia said on Sunday it had signed a murabaha facility with Riyad Bank valued at 1.425 billion riyals ($380 million) to finance the construction cost of five very large crude carriers. The facility lasts for a period of 10 years and six months, and includes a maximum two-year grace period, the firm known as Bahri said in the bourse statement. click here.

Apr 08 - China's COSCO Shipping orders 10 ships from CSSC
China COSCO Shipping Corp has placed an order for 10 very large ore carriers (VLOC) from China State Shipbuilding Corp (CSSC), the official Xinhua news agency reported late on Thursday. The value of the contract was not disclosed, but all 10 of the vessels will be large 400,000 tonne ships, Xinhua said. click here.

Apr 07 - OW Bunker: Another Blow for Physical Suppliers as Court Rules in Favour of Ship Owner in Double Payment Claim
A judge has ruled an owner is not liable to pay the physical suppler as there was never a contract directly between them.

Apr 07 - OW Bunker: No Way For Shipowners to Pre-Empt Arrests Under UAE Law
However Al Tamimi & Company suggests there are ways for shipowners who have had their vessels arrested to reduce legal expenses.

Apr 07 - VPS Urges Vigilance When Using "Hybrid" ECA Fuels
But such bunkers can provide significant benefits if "challenges are understood and can be addressed."

Apr 07 - New Singapore Bunker Player Buys Malaysian Physical Supplier: Reports
Wee Tiong's managing director says the company has purchased Victory Supply's assets and operations.

Apr 07 - U.S. Plant Looks to Tap into LNG Bunker Market
The Philadelphia Gas Works says it has ambitions of moving into supplying LNG for bunkers, among other uses, through a $120 million plant expansion.

Apr 07 - Meech: New IBIA Chairman Talks Better Bunker Practices, Ethics, Enforcement of Bunker Regs, Membership Growth
The role and value of IBIA is constantly changing, reflecting the industry it represents, Meech tells Ship & Bunker.

Apr 07 - Monjasa: No Evidence Was Presented at Trial That Saw 14 Convicted, Bunkering Vessel Forfeited
The local authorities have released only sporadic details on the trial.

Apr 07 - OPEC Predicts Successful Freeze Meeting - But Latin America Will Discuss the Proposal Beforehand Anyway
Ecuador, Colombia, and Venezuela will try to reach a joint position on April 8.

Apr 06 - Huge oil tanker traffic jam builds at Iraq's Basra port
A traffic jam of nearly 30 large oil tankers has built up outside the Iraqi port of Basra due to loading delays, with some waiting up to three weeks and costing ship operators around $75,000 a day per vessel. Shippers and port sources said more delays are expected throughout April as the city's facilities struggle to cope with Iraq's soaring crude output. click here.

Apr 06 - Surging Dry Bulk Rates Are "Just Prolonging the Pain" for the Sector
While the Baltic Dry Index gained another 16 points Tuesday to reach 487, industry commentators advise caution in celebrating the index's rise.

Apr 06 - EU Approves Funding for Baltic Sea Scrubber Waste and LNG Bunkering Infrastructure Project
The BPO says it has received approval from the EUSBSR Seed Money Facility for the Green InfraPort project, as well as €46,140 in EU grant funding.

Apr 06 - MAN: Even Bigger Propellers and Lower Speed Engines Should Give 4-7% Bunker Savings
The news comes as part an announcement of MAN's delivery of the "world's first" IMO-certified two-stroke engine with Tier III NOx Control and EGRS.

Apr 06 - Stena Line Orders "World's Most Fuel Efficient" Ferries
The four vessel will also be "gas ready", and will be able to be fuelled by either methanol or liquefied natural gas.

Apr 06 - Monjasa: No Evidence Was Presented at Trial That Saw 14 Convicted, Bunkering Vessel Forfeited
The local authorities have released only sporadic details on the trial.

Apr 06 - Industry Insight: Bunker Surveyors in a World of Mass Flow Meters
Is it time for bunker surveyors to hang up their boots?

Apr 06 - Baltic Dry Index Continues to Soar on Surging Capesize Rates
The BDIs continued upward movement comes alongside news of MOL's major restructuring plan that will see its Capesize fleet reduced by 10 percent.

Apr 05 - Oversupply forces rare gasoline storage on ships in Asian waters
At least three European trade houses are keeping gasoline aboard long-range tankers in Asia in an extremely rare move as the market is badly hit by oversupply, traders said on Monday. Some of the traders are unable to discharge the cargoes which came in from Europe to Singapore/Malaysia as onshore tanks in the latter are full to the brim, while others are "floating" volumes in view of the persistent contango market structure. click here.

Apr 05 - Singapore: MPA Offers Port Dues Discounts to Help Ailing Dry Bulk
The concession will be applicable if the vessels are carrying out cargo works with a port stay of not more than five days and will be in place for one year.

Apr 05 - Bunker Prices, Economic Cycles Driving Ship Efficiency Gains, Not IMO's EEDI Standard: NGOs
Seas At Risk and T&E say a new study shows that the IMO's EEDI is too weak to drive shipping's adoption of new efficiency tech.

Apr 05 - Group of 26 Investors File Suit in Copenhagen Against OW Bunker, Executive Team, and Altor
The group, which includes ATP and PFA, allege that the now defunct company was misrepresented in its 2014 IPO

Apr 05 - Biggest Ever Saudi Economic Overhaul Suggests It Is Bracing to Withstand Long Term Low Oil Prices
Massive proposed Saudi economic reforms include more levies, money loans, and the creation of the world's largest sovereign wealth fund.

Apr 05 - Bunker Spill Ship Wreck No Longer Considered a Hazard
While some oil still remains on the sunken MV Rena, officials say the vessel is no longer classified as a hazard.

Apr 05 - Industry Insight: Bunker Surveyors in a World of Mass Flow Meters
Is it time for bunker surveyors to hang up their boots?

Apr 05 - Baltic Dry Index Continues to Soar on Surging Capesize Rates
The BDIs continued upward movement comes alongside news of MOL's major restructuring plan that will see its Capesize fleet reduced by 10 percent.

Apr 04 - Saudi King's Son: No Production Freeze Unless Iran Plays Ball
The man who would be king is also trying to generate cash flow by selling shares of Saudi Aramco.

Apr 04 - US Shale Players Pumping Oil Stronger Than Ever Despite Bankruptcies
Lack of spending is viewed as more troublesome to the market than filing for creditor protection.