Freight

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.