Freight

Jul 24 - Charges that OPEC Has No Plan to Reduce Glut Come Amid Reports that Venezuela is on Brink of Collapse
Meanwhile, non-compliant UAE sends message that better times may be imminent.

Jul 24 - Know Your Counter Party: AI Energy Group
Abigail Asolange Harlley, CEO of AI Energy Group, talks to Ship & Bunker about the origins and future plans of Ghana-based physical supplier.

Jul 21 - By 2020 Ships Will Have Option to Desulfurize HFO Onboard to Meet 0.50% Sulfur Regs, Says Oil Tech Company
"Scrubbers aren't the only answer," IUT President and CEO Jim Van Wert tells Ship & Bunker.

Jul 21 - Jonathan Mcilroy Appointed President of Aegean
"Aegean has established a global platform with a reputation for high-quality customer service and I am honored to serve as President," says Mcilroy.

Jul 21 - Glander International Bunkering Relocates Trader from Singapore to Dubai
GIB says the move will enable its team in Dubai to benefit from Guyson's expertise within Asian ports.

Jul 20 - Brazil highway protests threaten grain exports from northern ports

Brazil's oilseeds industry group Abiove on Thursday said cancellation of contracts to ship grains including soy and corn through the northern port of Barcarena is "inevitable" after protests blocking a key highway. The blockade, which began more than a week ago at the BR-163 highway, is preventing trucks from unloading grains at the riverside hub of Miritituba, from where barges carry crops to Barcarena and Santarém ports before hitting export markets. Click here to read full stories.

Jul 20 - People swim in streets of flooded Istanbul, heavy rain briefly shuts Bosphorus oil routes

People had to swim to safety in the flooded streets of Istanbul on Tuesday after heavy rain and storms brought chaos to Turkey's largest city and caused shipping traffic on oil and grain routes through the Bosphorus Strait to be suspended for some hours. Many roads, bridges, tunnels and metro stations were flooded and cars submerged in torrential downpours that followed two hours of lightning flashes across the city. Click here to read full stories.

Jul 20 - Glander International Bunkering Relocates Trader from Singapore to Dubai
GIB says the move will enable its team in Dubai to benefit from Guyson's expertise within Asian ports.

Jul 20 - Know Your Counter Party: Gazpromneft-Lubricants
"We believe that Gazpromneft-Lubricants will be among the Top 10 major marine lubricant suppliers and will gain at least 10% of the global market by 2025," Marine Oil Business Director Roman Miroshnichenko tells Ship & Bunker.

Jul 20 - Crude up Again Amid Drop in U.S. Stocks and Indifference to Saudi Export Cut Rumours
The stocks reduced despite a rise in U.S. production, according to the Energy Information Administration.

Jul 19 - The Industry is Woefully Unprepared for 2020 and Just Sleepwalking into Gasoil: Inatech
"While I understand the intellectual argument for BAFs, I just don't think you can sit back and rely on them as a way to pass those 2020 costs onto your customers," Inatech's Alok Sharma tells Ship & Bunker.

Jul 19 - Positive Rumours of Further Saudi Export Cuts Dampened By Ecuador Ditching OPEC Deal
Meanwhile, Venezuela's PDVSA is said to be on Its last legs.

Jul 18 -  Tricks of the Bunker Trade: The Buy Back
This malpractice could be instigated by the corrupt crew of a vessel or even the barge who may take its chances and ask the Captain, "have you got any spare fuel onboard?"

Jul 18 -  IMO Rules Out Possible Delay to 2020 Date for 0.50% Global Sulfur Cap on Bunkers: IBIA
A majority of IMO member states rejected a proposal to collect data to allow the IMO to take stock of bunker availability ahead of 2020.

Jul 18 - There Are Still "Fundamental Issues" to Be Resolved Before the Industry Can Start Planning for 2020: OOCL
"It is quite difficult to comment and plan ahead for something that is still unclear on the agenda," Stephen Ng, Director of Trades, tells Ship & Bunker.

Jul 18 - Shale, Oil Sands, and OPEC Output All on the Rise
Russia is one of the few nations to post a decline in production for June.

Jul 17 - Petro Inspect Appoints Singapore-Based Director of Operations
Kwok will also be overseeing operations in Hong Kong and China, Petro Inspect Owner and founder Kaivan H. Chinoy tells Ship & Bunker.

Jul 17 - Denmark Charges Lars Møller with Fraud in OW Bunker Collapse Case
The former CEO of OW Bunker's Singapore-based subsidiary Dynamic Oil Trading is alleged to have provided credit outside of his mandate, resulting in a charge of committing fraud of agent for more than DKK800 million.

Jul 17 - OPEC Cutback Compliance at 6-Month Low, And More Woes May Be Delivered by Kuwait
Predictably, Libya, Nigeria, and Iraq are among the worst offenders of the cartel's attempt to rebalance the market.

Jul 17 - Gibraltar Shipping Interview: Paul Holthus, Founding President & CEO, World Ocean Council (WOC)
The World Ocean Council is a non-profit organisation responsible for industry leadership and collaboration in ocean sustainable development, science and stewardship.

Jul 13 - Maersk says too early to predict financial impact of cyber attack

Maersk said it was too early to predict the financial impact of last month's global Petya cyber attack that hit the shipping giant's computers and delayed cargoes, but added that normal operations had resumed at its ports.A.P. Moller-Maersk, Danish owner of the world's biggest container shipping line, operates 76 ports via its APM Terminal division and was one of the many firms hit by the ransomware virus along with Russia's Rosneft and advertising agency WPP. Click here to read full stories.

Jul 13 - Dutch competition watchdog investigates possible shipping fuel cartel 

The Dutch competition watchdog said on Wednesday it was investigating a possible illegal, price-fixing cartel by fuel companies in ports in the Netherlands and Belgium.The watchdog, known by its Dutch acronym ACM, said it had visited some of the dozens of companies active in fuel production, transportation, storage and trading in Rotterdam, Antwerp and Amsterdam after receiving information from the police. Click here to read full stories.

Jul 13 - Low water still troubles Rhine and Danube shipping in Germany

Water on the Rhine and Danube in Germany remains shallow and cargo vessels cannot sail fully loaded, traders said on Monday.The Rhine is still too shallow for normal sailings from Duisburg and Cologne to an area south of Koblenz, traders said. All of the Danube in Germany is too shallow for normal loading. Click here to read full stories.

Jul 13 - China, France eye Gambian port upgrade to rival Dakar 

Chinese and French companies are bidding to help Gambia build up its Atlantic port Banjul to be what officials hope will rival neighbouring Senegal's Dakar.It would be one of the first major structural changes in the country following the end of President Yahya Jammeh's more than 20-year rule in January. Click here to read full stories.

Jul 13 - China's COSCO Shipping offers $6.3 billion for Orient Overseas Ltd 

COSCO Shipping Holdings Co Ltd has offered to buy Orient Overseas International Ltd (OOIL) for HK$49.23 billion ($6.30 billion), in a deal that will see the mainland China group become the world's third largest container liner.The proposed deal is the latest in wave of mergers and acquisitions in global container shipping that has left the top six shipping lines controlling 63 percent of the market. OOIL's shipping subsidiary, OOCL, has a 2.7 percent slice of the market. Click here to read full stories.

Jul 13 - Iron ore exports to China from Australia's Port Hedland edge down in June

Iron ore shipments to China from Australia's Port Hedland terminal dropped to 36.6 million tonnes in June from 38 million tonnes the month before, port data released on Friday showed.Overall iron ore shipments from the world's biggest export terminal for the steelmaking raw material dipped to 43.1 million tonnes from 44.08 million in May, according to the Pilbara Ports Authority. Click here to read full stories.

Jul 13 - Protests on Brazil road impact flow of grains to northern ports

Residents of villages along a key highway for grains exports in Brazil's northern Para state continued to stage protests on Tuesday blocking the flow of goods like corn and soybeans to nearby ports, industry groups and police said.Local residents, merchants and farmers have protested on federal road BR-163 since July 5 against a veto by President Michel Temer of legislation that would reduce the area under protection at a national forest in the region, Brazil's federal highway police (PRF) said. Click here to read full stories.

Jul 13 - Brazil ports group sees $47 mln in losses from Para protests

Brazilian private ports association ATP on Wednesday said it was expecting 150 million reais ($47 million) worth of losses from protests this month on a highway in northern Para state.ATP said in a statement to Reuters that the losses would be caused by a lack of grains for transport from the riverside city of Miritituba, where grains traders Cargill Inc  and Bunge Ltd opened terminals in recent years. Protesters blocking the highway have decried President Michel Temer's veto of legislation that would have reduced the area under protection at a national forest in the region. Click here to read full stories.

Jul 13 - Investigation Launched into Possible ARA Bunker Cartel
The Netherlands Authority for Consumers and Markets says several companies may have carried out illegal price-fixing agreements.

Jul 13 - OPEC Output Increases Again, Spurring Renewed Calls for Counter-Actions
Experts are at odds whether deeper OPEC cuts would help or harm the market, however.

Jul 13 - Panamax Bulker Arrested in Singapore
The 79,400 DWT Zhen Bang was detailed following action taken by local law firm Resource Law LLC.

Jul 12 - Broker, Physical, or Trader - Who in the Bunker Industry Will Benefit the Most From 2020?
"Dealing with majors or global physical suppliers can have many benefits, but there are still some of them who need to prove they truly want to be direct with their clients," Hafnia Management's Peter Grunwaldt tells Ship & Bunker.

Jul 12 - Total Lubmarine: ECA Fuel Switching-Focused Lube Oil Now Approved by All Engine Manufacturers
"Talusia Optima has been designed specifically to facilitate fuel switching when transiting both in and out of Emission Control Areas (ECAs), without the need to change lubricants," says Lubmarine.

Jul 11 - Be Alerted !! A Review of Veritas Petroleum Services Bunker Alerts (H1-2017)
For vessels not testing their fuel they run the risk of one in every seven residual fuels giving a higher probability of problems and just over one in ten distillates doing likewise.

Jul 11 - Drewry: OOIL Acquisition Marks Conclusion of Merger and Acquisition Wave
"The sale of OOIL/OOCL means there aren't many other takeover candidates left on the shelf," said Drewry.

Jul 11 - 2016 Saw "Substantial Drop" in Banks' Lending to Shipping: Report
The report, released by Petrofin Research, suggests that lending to shipping companies dropped by $42.5 billion in 2016.

Jul 10 - Analysts Differ on the Regions But Agree That Geopolitical Risk Weighs Heavily Against Crude
Some say it will negatively impact demand and others think it will send prices skyrocketing - depending on where the fighting breaks out.

Jul 07 - Bye-bye $100 Oil, Say Experts: $50 Is The New Norm - And A Fair Price To Boot
Meanwhile, the Saudis brag about increased output in 2016 despite weak demand.

Jul 07 - Oil Up, But Forecasts Down - Again
A bigger than expected drop in U.S. crude stocks wasn't enough to inspire market confidence.

Jul 07 - Supplier Announces 0.10% Sulfur LSMGO Now Available in Pakistan
"Availability of the product is good and so is the price," Orion Bunkers Director Zeeshan Arshad tells Ship & Bunker.

Jul 06 - Global shipping feels fallout from Maersk cyber attack

Global shipping is still feeling the effects of a cyber attack that hit A.P. Moller-Maersk  two days ago, showing the scale of the damage a computer virus can unleash on the technology dependent and inter-connected industry. About 90 percent of world trade is transported by sea, with ships and ports acting as the arteries of the global economy. Ports increasingly rely on communications systems to keep operations running smoothly, and any IT glitches can create major disruptions for complex logistic supply chains. Click here to read full stories.

Jul 06 - Trump drops plans for order tightening food aid shipping rules 

President Donald Trump's administration has dropped plans for an executive order that will require all U.S. food aid to be transported on American ships after members of Congress protested, congressional and aid sources said on Friday. Reuters reported on Thursday that Trump was considering issuing an order that would have increased to 100 percent the current requirement that 50 percent of such aid be transported on U.S.-flagged vessels.  Click here to read full stories.

Jul 06 - DVB Bank warns on 2017 profit on shipping loan risks

 Germany's DVB Bank  warned its 2017 pretax return on equity would likely fall short of its expected range of minus 3 percent to plus 3 percent due to high risk costs in its shipping and offshore financing portfolios. It said on Friday it was also likely to miss its forecasts for cost-income ratio and Economic Value Added. Click here to read full stories.

Jul 06 - Soybean cargoes piling up at China's ports as imports surge

Ships carrying as much as 700,000 tonnes of soybeans are lined up along China's coast waiting to discharge, traders said, as huge purchases in recent months by the world's top buyer led to severe congestion and lifted stockpiles to multi-year highs. The slowdown at the ports and long wait times to clear customs may threaten a recent rally in Chinese soymeal prices and may stir concern about demand from major exporters Brazil and the United States.  Click here to read full stories.

Jul 06 - World Bank approves $345 million loan for Tanzania port expansion

The World Bank said on Sunday it had approved a $345 million loan for the expansion of a port in Tanzania's commercial capital Dar es Salaam, which the East African country aims to turn into a regional gateway. Dar es Salaam is vying with the port of Mombasa in Kenya to become the trade hub for landlocked neighbours such as Zambia, Rwanda, Malawi, Burundi, Uganda and the Democratic Republic of the Congo, but both ports are hobbled by congestion and inefficiency Click here to read full stories.

Jul 06 - OPEC Exports Rise Once More Along With Resistance to Deeper Cuts
The news caused another drop in crude prices on Wednesday.

Jul 06 - Raymond James Blames "Fake News" for Crude's Woes, Insists Market Should be Bullish
But other analysts once again cite fundamentals in predicting more volatility ahead.

Jul 06 - Soybean cargoes piling up at China's ports as imports surge 

Ships carrying as much as 700,000 tonnes of soybeans are lined up along China's coast waiting to discharge, traders said, as huge purchases in recent months by the world's top buyer led to severe congestion and lifted stockpiles to multi-year highs. The slowdown at the ports and long wait times to clear customs may threaten a recent rally in Chinese soymeal prices and may stir concern about demand from major exporters Brazil and the United States. Click here to read full stories.

Jul 05 - Monjasa Expands Physical Bunker Operations in Panama Amid "Significantly Increasing" Sales Volume
"It's a formula that we've seen making a success for most places in the world and now in Panama," Group COO Svend Stenberg Mølholt tells Ship & Bunker.

Jul 05 - New Bunker Broker Launches in Chile
"We are specialized in supplies on the west coast of South America, Panama and also in ports in Asia," a company spokesperson tells Ship & Bunker.

Jul 05 - LMS to Operate the First Double Hull Bunker Barge in Sri Lanka
MT Lanka Marine Mahaweli is "the most efficient bunker barge to operate in Sri Lankan territorial waters," LMS tells Ship & Bunker.

Jul 05 - Analysts Revert Back to Bearish Forecasts As Tuesday Crude Prices Dip Slightly
Once more, they warn of structural challenges ahead.

Jul 05 - Canada orders seizure of oil tanker carrying crude from Iraqi Kurdistan

The Federal Court of Canada has ordered the seizure of a 721,915-barrel cargo of crude from Kurdistan aboard the "Neverland" oil tanker on the request of the Iraq Oil Ministry, court documents show. The Iraq Oil Ministry has also filed a claim against commodity trading house Vitol S.A. and subsidiaries including Mansel Ltd, the charterer of the ship, and affiliate Finaval SpA di Navigazione, the owner of the ship, for $32.5 million.

Jul 04 - Bunker Holding Reports "Substantially" Increased Market Share, Growing Bunker Volumes, but Tough Conditions Hit Profits
"I'm not afraid to say that the industry is in stormy waters like never before," says Selfinvest CEO Torben Østergaard-Nielsen.

Jul 04 - IEA Sees Greater Market Balance, but Iraq, Libya Could Cause Trouble
Even optimistic analysts worry that market improvements could turn on a dime.

Jul 04 - Bulk Carrier Arrested in Singapore
The 91,900 DWT Americana was detailed following action taken by local law firm Dentons Rodyk & Davidson LLP.

Jul 03 - Crude's 14% H1 Slide Prompt Predictions of Second-Half Comeback
But conservative experts insist more pain lies ahead.

Jul 03 - OPEC Output at 2017 High, Rising Libya Output Dampens Price Recovery Expectations
Even optimists admit that the global glut remains a huge obstacle impervious to quick-fix solutions.

Jul 03 - Dan-Bunkering America Appoints New Managing Director
Jim Jensen initially started with Dan-Bunkering in 2008.

Jun 30 - Ongoing Discussion at IMO and EU Levels Could Still Impact 2020 Compliance Decisions, Says Hapag-Lloyd
As such "it is too early to make an educated decision" on its choice of compliance, Hapag-Lloyd's Wolfram Guntermann tells Ship & Bunker.

Jun 30 - Port of Busan Moves to Establish ECA
T
he proposal for the establishment of a Port of Busan ECA was submitted to the MOF by local city government and the Busan Port Authority.

Jun 30 - Crude May Rise to $49 - Then "Watch Out" for September
A sixth consecutive day of market gains fails to inspire confidence among analysts.

Jun 29 - As iron ore price climbs, buyers rush for cargoes 

Traders and Chinese steel producers dashed to buy iron ore cargoes this week as prices bounced back from the biggest rout in a year, although some market participants doubted the futures-driven rally can last. Combined daily volumes on the main physical iron ore trading platforms in China and Singapore topped 1 million tonnes on Wednesday, the highest level this year, traders said, as the price of the steelmaking raw material scaled a five-week peak above $60 a tonne. Click here to read full stories.

Jun 29 - Lenders to ramp up pressure on holders of toxic shipping debt - survey 

Financiers are set to take a tougher stance towards distressed shipping loans including more enforcement action to recoup funds, while capital on offer to the industry is expected to shrink further, a leading transport survey showed on Wednesday. The global shipping sector is reeling from a near-decade-long downturn, which has seen companies collapse and banks scale back exposure or exit entirely from providing finance. Click here to read full stories.

Jun 29 - China to ban coal imports at small ports from July 1 

China will not allow coal imports at small ports from July 1, the state-run China Securities Times reported on Wednesday, in a move likely to tighten supply of the fuel during summer and support a further rally in prices. Coking coal futures in China soared almost 8 percent on Thursday. Click here to read full stories.

Jun 29 - Cyber attack hits shipper Maersk, causes cargo delays 

The Danish owner of the world's largest container shipper Maersk Line, said its computer systems were among those hit by the global Petya cyber attack, causing it problems processing orders and delaying cargoes. A.P. Moller-Maersk said the cyber extortion, which has disrupted businesses around the globe, has also led to congestion at some of the 76 ports run by its APM Terminals unit, including in the United States, India, Spain and the Netherlands. Click here to read full stories.

Jun 29 - Touted sea change in Indonesia shipping network may hit choppy waters 

With its towering new cranes and wharves that can handle some of the world's biggest ships, Indonesia's main international port has been shaking off its reputation for inefficiency and congestion with a $2.5 billion upgrade. But the revamp is just the first step in an ambitious drive to overhaul shipping in the country, with experts warning that a scheme to dot the sprawling archipelago with a string of new harbours over the next few years could be heading for choppy waters as it still needs billions of dollars in financing. Click here to read full stories.

Jun 29 - Djibouti opens salt port, latest in series of shipping projects 

Djibouti opened a $64 million port on Thursday, the third of four ports designed to boost the tiny Horn of Africa nation's position as a trading hub, its ports authority said. Djibouti Ports and Free Zones Authority (DFZA) said in a statement the Port of Ghoubet would serve as a terminal to export of salt from Lake Assal, a saline lake that lies below sea level. Click here to read full stories.

Jun 29 - Know Your Counter Party: Monjasa
Ship & Bunker talks to Monjasa Group COO Svend Stenberg Mølholt.

Jun 29 - Sing Fuels Expects Growing Bunker Sales Volumes in Cambodia, Eyes New Markets in Africa
"Cambodia is slowly opening up the market," the bunker supplier tells Ship & Bunker.

Jun 29 - New 18% Tax to Apply to India Bunker Sales From July 1
Discussions are underway in an effort to reduce the tax on marine fuel, a local source tells Ship & Bunker.

Jun 29 - Many Operators Unaware of Potentially Catastrophic Bunker Related Engine Wear Problems, ExxonMobil Data Shows
In addition to current issues, "it's likely from 2020 that we will see an increase in cat fines levels," ExxonMobil Marine's Iain White tells Ship & Bunker.

Jun 29 - Cyber attack hits shipper Maersk, causes cargo delays

The Danish owner of the world's largest container shipper Maersk Line, said its computer systems were among those hit by the global Petya cyber attack, causing it problems processing orders and delaying cargoes. A.P. Moller-Maersk said the cyber extortion, which has disrupted businesses around the globe, has also led to congestion at some of the 76 ports run by its APM Terminals unit, including in the United States, India, Spain and the Netherlands. Click here to read full stories.

Jun 28 - Know Your Counter Party: Sing Fuels
Ship & Bunker talks to Singapore-based Sing Fuels' General Manager Jeremy Long about the company's origins and vision for future growth.

Jun 28 - Data Indicates Oil Market May Have Bottomed Out - But There Is No Indication of an Upswing Either
Meanwhile, the rise of Saudi and other crude exports put pressure on prices.

Jun 27 - Many Players Expecting Noncompliance With 2020 Regs, Poll Suggests
70% of respondents in a separate poll say Fujairah should be worried about other regional ports looking to compete for bunker business,

Jun 27 - NORDEN: Enforcement Landscape Will Not Influence Our 2020 Compliance Choice
"NORDEN is looking at both scrubber solutions and switching to low sulfur fuel," Senior Newbuilding Manager Alex Hjortnæs tells Ship & Bunker.

Jun 27 - Crude Edges Higher, but Gartman Says Oil Will Be "Worthless" Over the Next 20 to 40 Years
Monday's gains are also accompanied by more argument that the market is overly bearish.

Jun 27 - LNG Bunkers Will Create "Fertile Ground" for Greek Shipbuilding
How Hellenic shipyards can be "LNG ready" was one of several discussion points at a Poseidon Med II event Monday organised by Piraeus Port Authority.

Jun 27 - More Doubt Cast on Deeper Oil Cutbacks as Analysts, Investors Loose Faith in "Fragile" OPEC
The cartel is in dire need of late-life care, says one observer.

Jun 26 - More Downside Seen for Oil, but Statoil Sees $60 In the Foreseeable Future
Meanwhile, yet another analyst warns that crude in the $30s is not far away.

Jun 26 - Weekly Crude Losses Skirt a 10-Month Low Thanks to Overly-Sensitive Traders: Analyst
Meanwhile, Iran teases the idea of deeper cuts to rebalance the market.

Jun 23 - New VPS Research Highlights Commercial Importance of Bunker Density Test Method Choice
"Density is such a key commercial and technologically important parameter for marine fuels," VPS Director Steve Bee tells Ship & Bunker.

Jun 23 - Industry Insight: Understanding Density Measurement of Bunker Fuels
VPS' findings support the new ISO 8217:2017 Fuel Quality Standard where the density reference method for dispute resolution has now been changed.

Jun 23 - Crude Heading for Biggest Drop in 20 Years as Traders Reject OPEC Cutback Effectiveness
But one expert thinks the market is being overly unresponsive to world events.

Jun 23 - Weekly Vessel Scrapping Report: 2017 Week 23
Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue's demolition sales from June 15 – June 21, 2017.

Jun 23 - U.S. Shale Likely to Claim Victory in The Form of OPEC Cutback Deal Collapsing Next Year: Analysts
Experts say there is no end to shale's future growth.

Jun 22 - Djibouti opens new port for Ethiopia potash exports

Djibouti on Thursday inaugurated a new port that will serve as the main gateway for potash exports from neighouring Ethiopia, the second of four new ports that will boost the tiny Horn of Africa nation's position as a continental hub. The port in the small fishing town of Tadjourah in the north of the country is the closest outlet for Ethiopia's Afar and Tigray regions, where a number of foreign companies are developing potash mines. Click here to read full stories.

Jun 22 - Road network to Ivory Coast cocoa port San Pedro reopens

Roads leading to Ivory Coast's major cocoa port of San Pedro have reopened after a week-long closure caused by heavy rains, the prime minister's office said on Wednesday. San Pedro, the West African country's second largest port, is located in the southwest near the main cocoa growing regions and most of the cocoa beans are exported from it. Click here to read full stories.

Jun 22 - Abu Dhabi takes over operating Port of Fujairah after Dubai deal ends

Abu Dhabi Ports has signed a 35-year concession to develop and manage the Port of Fujairah, the state-owned company said on Tuesday, two months after Dubai-owned DP World's contract ended there. Fujairah, located on the United Arab Emirates' east coast, is the country's only multi-purpose port outside the Strait of Hormuz, giving it direct access to the Gulf of Oman and the Indian Ocean. Click here to read full stories.

Jun 22 - Ivorian cocoa arrivals reach 1,670,000 T by June 18 amid flooding

Cocoa arrivals at ports in top grower Ivory Coast reached around 1,670,000 tonnes by June 18, since the start of the season on Oct. 1, 2016 exporters estimated on Monday, up from 1,400,000 tonnes in the same period of the previous season. Arrivals in the port of San Pedro were at the lowest level so far this season, with only 7,000 tonnes, as flooding on access roads cut deliveries. Click here to read full stories.

Jun 22 - Argentine grains shipping back to normal after strike suspended

Grains shipping from Argentina's main port system of Rosario returned to normal on Wednesday after the government ordered dock workers to go back to work after a week-old strike that had slowed soy and corn exports to a trickle. About 80 percent of Argentine grains exports are shipped from Rosario, a vast port complex located on the country's main Parana River waterway. Click here to read full stories.

Jun 22 - Get Set For a Return to the $30s, Say Two Oil Experts
Meanwhile, a CNBC analysis suggests another few months of further price drops.

Jun 21 - Crude Down Again, Officially Enters a Bear Market
Bunker prices were softening in the primary ports.

Jun 20 - Argentine grain ships halted when replacement workers quit 

Grain cargo ships in Argentina's main shipping hub of Rosario were halted late on Monday when replacement workers filling in for striking unions walked off the job after receiving threats, the country's export chamber said. Regular port workers were on the fifth day of a wage strike on Monday when replacement workers were brought in early in the day, allowing for the resumption of some loading of freshly harvested corn and soy. Click here to read full stories.

Jun 20 - Saudis Insist Market Re-Balance Is Imminent Although Oil Tanker Storage Growth Suggests Otherwise
Bloomberg also disputes the figures used by the Saudis to support their argument for a re-balance.

Jun 20 - Crude Falls to New 7-month Low as U.S. Rig Count Climbs Yet Again
Canada too is boosting its production capacity.

Jun 20 - Qatar Petroleum Establishes Bunkering for Qatar with "Temporary" Ship-to-Ship Facility
Saad Sherida Al-Kaabi, president and CEO, called the move "a first, and important, step towards self-reliance for fuel-oil bunkering solutions."

Jun 19 - Low $40s for Crude "Is The Right Place To Be," Says Analyst; But $90 is Where It's Heading, Says Another
Meanwhile, another expert says simple math shows why we're in a slump.

Jun 16 - Moving Away From Bunker Broking Makes Absolutely No Sense for Us, Says LQM CEO
"Our core business is broking. That's what we know, and that's what the DNA of the company is," CEO Morten Eggert Troen tells Ship & Bunker.

Jun 16 - Oil Down Again as Analyst Declares "The Market is in Trouble"
Thursday's trading activity also sees a return of the mantra "lower for longer."

Jun 16 - At least 20 grain ships halted by Argentina port strike - chamber 

More than 20 grains cargo ships had to drop anchor along Argentina's Parana River on Thursday due to a wage strike by members of the CGT San Lorenzo port workers union, a spokesman for the country's CIARA-CEC export company chamber said. "Starting this afternoon, there are 20-some ships that are unable to move," CIARA-CEC spokesman Andres Alcaraz told Reuters by telephone. Click here to read full stories.

Jun 16 - Seized Moroccan phosphate ship to stay in South Africa, court rules

A South African court ruled on Thursday that a seized ship carrying a Moroccan cargo of phosphate from the disputed Western Sahara should remain in port until the case goes to trial or security is posted, a lawyer for the Polisario independence movement said. The Polisario Front alleges the 50,000 tonne shipment en route to New Zealand was illegally taken from Western Sahara territory and went to court to have the cargo seized. Click here to read full stories.

Jun 16 - Djibouti opens new port for Ethiopia potash exports

Djibouti on Thursday inaugurated a new port that will serve as the main gateway for potash exports from neighouring Ethiopia, the second of four new ports that will boost the tiny Horn of Africa nation's position as a continental hub. The port in the small fishing town of Tadjourah in the north of the country is the closest outlet for Ethiopia's Afar and Tigray regions, where a number of foreign companies are developing potash mines. Click here to read full stories.

Jun  15 - Gulf crisis a "blessing in disguise" for Qatar seaport 

Qatar's main seaport shows all the signs of having weathered the storm. Workers in hard hats monitor as giant yellow cranes lift hundreds of containers off cargo ships onto lorries waiting ashore. Saudi Arabia, the United Arab Emirates (UAE) and Bahrain severed diplomatic, trade and transport ties with import-dependent Qatar 10 days ago, accusing it of supporting Iran and funding Islamist groups, charges Doha denies. Click here to read full stories.

Jun  15 - India's plan to develop key Iranian port faces U.S. headwinds 

Western manufacturers are shying away from supplying equipment for an Iranian port that India is developing for fear the United States may reimpose sanctions on Tehran, Indian officials say, dealing a blow to New Delhi's strategic ambitions in the region. Lying on the Gulf of Oman along the approaches to the Straits of Hormuz, the port of Chabahar is central to India's hopes to crack open a transport corridor to Central Asia and Afghanistan that bypasses arch-rival Pakistan. Click here to read full stories.

Jun  15 - U.S. shipping terminal reopens after 'dirty bomb' threat 

A terminal at the Port of Charleston in South Carolina will reopen and the safety zone has been lifted, the U.S. Coast Guard said on Thursday, after investigating a threat of a "dirty bomb" on a container ship. It said the "original reporting source of the threat" had been detained for questioning. Click here to read full stories.

Jun  15 - Bulk carrier loaded with soy stuck at Santos port in Brazil 

A ship carrying at least 30,000 tonnes of soybeans got stuck on the seabed when loading the grain at the Santos port in Brazil, authorities said on Monday. The vessel remains stuck at the berth of the Copersucar terminal, and port authorities said they could not estimate how long it will take to free the bulk carrier. No injuries were reported in the accident. Click here to read full stories.

Jun  15 - Bollore pitches for revamp of Gambia's main port - sources 

France's Bollore Group has submitted an offer to develop Gambia's main port as part of a deal worth hundreds of millions of dollars, three sources familiar with the matter said, as competition for contracts heats up after a change in government. Foreign investors are vying for business in riverine Gambia, which has a population of just 2 million and a GDP of around $900 million, following 22 years of autocratic rule. Click here to read full stories.

Jun  15 - Shipping routes via Oman opened to give Qatar food lifeline

Qatar and container lines have launched new shipping services via Oman in an effort to sidestep a port ban in neighbouring countries and secure a food lifeline after other Gulf states severed ties with Doha last week. Saudi Arabia, the United Arab Emirates and some other Arab countries cut diplomatic, travel and trade ties with Qatar last week, accusing it of supporting Iran and funding Islamist groups, accusations Doha denies. Click here to read full stories.

Jun 15 - Baltic Exchange exploring new freight indexes for grains 

The Baltic Exchange is looking into launching freight indexes for grains and liquefied natural gas (LNG) as the London-run business targets new markets after its acquisition by Singapore Exchange last year, the Baltic's chief executive said. Founded in 1744 as a forum for chartering vessels, the Baltic Exchange now produces benchmark indexes for global shipping rates and owns a trading platform for the multi-billion dollar freight derivatives market. Click here to read full stories.

Jun 15 - Heavy rains cut access to Ivory Coast's San Pedro cocoa port 

Heavy rains have cut off routes from Ivory Coast's cocoa belt to the port of San Pedro, which exports more than half of the cocoa beans from the world's biggest producer, farmers and exporters said on Wednesday. Exporters said the roads and bridges that connect Grabo, Para, Tabou, Grand Bereby in the extreme southwest to San Pedro have all been cut off, as has the bridge linking the port to the cocoa centres of Soubre, Daloa and Duekoue. Click here to read full stories.

Jun 15 - Oil Sinks Almost 4% and Analyst Says $30 is Likely Unless OPEC Deepens its Cuts
However, one theory is that depressed prices will crush U.S. shale's pesky growth.

Jun 15 - Switch to IFO180 Bunker Sales Boosts Engen's Market Share "More than Ten-Fold" in Mauritius
"What began as a barrier to entry into a growing market has become a major success," says Drikus Kotze, General Manager for International Business.

Jun 15 - Record 2018 Consumption Will be Outstripped by Massive Non-OPEC Supply Growth: IEA
Meanwhile, cutback offenders Iraq are gaining market share at the expense of the Saudis.

Jun 14 - Oil Market Rebalance Not So Imminent, says OPEC, Blaming U.S. Shale, Libya, and Nigeria for Rising Output
CNBC host says tepid 2017 demand rates will make rebalancing impossible.

Jun 14 - Oil Edges Up But It's Still a Buyer's Market - and $55 is a Long Way Off
Plus, at least one analyst is lukewarm over glowing reports about Saudi cutbacks.

Jun 13 - Monjasa Closes London Office, Opens New Office in Cyprus to Focus on Core Bunker Business
Monjasa says it wants to maintain a "strong focus on bunker trading and supply."

Jun 13 - Malaysian Bunker Company Loses More Than $1 Million in Email Scam
The complainant is reported to have only realised that he had been cheated when the actual bunker supplier requested payment.

Jun 13 - Port of Fujairah Eases Ban on Tankers Travelling to and from Qatari Ports
However, the ban still applies to the port's ADNOC-operated VLCC jetty.

Jun 13 - Handymax Bulk Carrier Arrested in Singapore
The 30,800 DWT Propel Progress was detailed following action taken by local law firm Gurbani & Co LLC.

Jun 12 - Abandon All Hope of a 2017 Rebalance and Brace for a "Troublesome" 2018: Analysts
Plus, JP Morgan predicts the OPEC cutback initiative will collapse by year's end.

Jun 12 - Quadrise: Draft LONO from MSAR Emulsion Bunker Trial Received by Maersk
A draft interim LONO has been produced by Wärtsilä, with the final expected to be delivered to Quadrise this month.

Jun 12 - Beer Company Launches Biofuel Bunker Pilot
Heineken, Nedcargo, and GoodFuels have launched a pilot project to demonstrate a "sustainable" drop-in marine fuel on-board of the For Ever.

Jun 09 - Crude Flat on Thursday and Will Like Stay in the Mid-$40s: Analysts
Although an anonymous source has bet serious money on prices rising to $80.

Jun 09 - Nigeria, Libya, Argentina, and Canada All Poised to Further Exacerbate Global Glut
But ClipperData believes the growth could stymie U.S. shale.

Jun 08 - Port bans choke Qatar's commodity trade as gas supply worries grow

A campaign by leading Arab powers to isolate Qatar is disrupting trade in commodities from crude oil to metals and food, and deepening fears of a possible jolt to the global gas market, where the tiny Gulf state is a major player. Just a day after Saudi Arabia and its Arab allies severed transport links with Qatar over a diplomatic row, bans on Doha's fleet using regional ports and anchorages threatened to halt some of its exports and disrupt those of liquefied natural gas (LNG). Click here to read full stories.

Jun 08 - Grain shipments resume at key Argentina port despite strike

Argentina's government has replaced striking sanitary inspection workers in the main agricultural port of Rosario, allowing shipments to resume albeit with delays, the head of Rosario's port operators' chamber told Reuters on Thursday. Inspection workers with the Apumag union began a 72-hour strike over a salary dispute on Wednesday, halting the bulk of export activity in the world's No. 3 soybean shipper and leading exporter of derivative products like soymeal and soy oil. Click here to read full stories.

Jun 08 - Qatar food imports hit after Arab nations cut ties - trade sources 

A decision by the Arab world's strongest powers to break off diplomatic ties with Qatar is already hitting food imports into the small Gulf state with reports that Qataris are beginning to stockpile supplies, trade sources say. Saudi Arabia, Egypt, United Arab Emirates and Bahrain cut relations with Qatar on Monday over alleged support for Islamists and Iran in a coordinated move. Yemen, Libya's eastern-based government and the Maldives joined in later - opening up one of the worst rifts in years. Click here to read full stories.

Jun 08 - Deal struck to end Colombia protest which snarled Buenaventura port

Colombia's government said on Tuesday it has reached a deal with community leaders in the Pacific port city of Buenaventura to lift a 21-day civil protest that halted exports of coffee and other goods. Residents demanded more funding for the violent and poverty-stricken city, which has a population of about 415,000 people, many of whom lack basic public services. Protesters held large marches and blocked roads into the city and its five ports, stranding truck drivers and causing shortages of foodstuffs. Click here to read full stories.

Jun 08 - Brazil's Usiminas, Porto Sudeste settle $62.5 mln port dispute

A unit of Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA  has ended an arbitration case with Porto Sudeste do Brasil SA that centered around access to a key shipping hub in Rio de Janeiro state. Under the terms of the agreement, which were unveiled in a securities filing on Tuesday, Porto Sudeste will pay $62.5 million to Mineração Usiminas SA to end the dispute. Click here to read full stories.

Jun 08 - Ivory coast cocoa port arrivals up 21 pct by June 4 

Cocoa arrivals at ports in top grower Ivory Coast reached about 1,631,000 tonnes by June 4 since the start of the season on Oct. 1, 2016, exporters estimated on Tuesday, up 21 percent from the same period of the previous season. Exporters estimated that some 15,000 tonnes of beans were delivered to Abidjan and 16,000 tonnes to San Pedro, for a total of 31,000 tonnes delivered between May 29 and June 4. That compares with 15,000 tonnes during the same period last season. Click here to read full stories.

Jun 08 - Dockers strike disrupts Spanish ports and trade routes

Some of Spain's biggest port terminals came to a standstill on Monday as shipping companies redirected cargos to avoid a dockers' strike. After months of talks between unions, companies and the Spanish government over a reform of port hiring practices, dockers held the first of several planned strikes to protest against possible job losses. Click here to read full stories.

Jun 08 - OPEC Member Calls for More Countries in the Cartel, as Commerzbank Says Their Only Option is to Boost Production
Meanwhile, Canada is being eyed as a preferred source for crude.

Jun 08 - U.S. Crude Build Triggers 5% Price Slide
However, Trump's support of the Arab nations' isolation of Qatar could support prices in the near-term, says one expert.

Jun 08 - Abu Dhabi petroleum port eases limits on oil tankers sailing to and from Qatar

Abu Dhabi petroleum port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and shipping circulars seen by Reuters on Wednesday. Abu Dhabi Petroleum Ports Authority issued a new circular on Wednesday removing previous restrictions on non-Qatar owned, flagged or operated vessels sailing to and from Qatar. Click here to read full stories.

Jun 07 - Nigeria Hints of Impending OPEC/U.S. Shale Clash as Analyst Declares Consumers to be the Real Winners of the Rivalry
Meanwhile, U.S. output is on track next year to shatter its all-time high record set in 1970.

Jun 07 - Zederkof Heading "Strategically Very Essential" New Bunker Holding Venture Expected to Launch in 3Q 2017
The project is an "important part of the future Bunker Holding Group," says Henrik Zederkof.

Jun 07 - Crude Firms as Experts Dismiss Any Short- or Long-Term Impact of the Qatar Spat
Falling U.S. stockpiles are also a source of market optimism.

Jun 07 - Port bans choke Qatar's commodity trade as gas supply worries grow

A campaign by leading Arab powers to isolate Qatar is disrupting trade in commodities from crude oil to metals and food, and deepening fears of a possible jolt to the global gas market, where the tiny Gulf state is a major player. Just a day after Saudi Arabia and its Arab allies severed transport links with Qatar over a diplomatic row, bans on Doha's fleet using regional ports and anchorages threatened to halt some of its exports and disrupt those of liquefied natural gas (LNG).  Click here to read full stories.

Jun 6 - Analysts Say OPEC, Not Qatar Spat, Is the Real Cause for Monday's Oil Price Drop
Question of the cartel's efficacy are yet again the focus of attention.

Jun 6 - MPA, Partners Eye "Disruptive Innovation" and Digital Transformation with Smart Port Challenge
The Smart Port Challenge 2017 is a six-month programme intended to encourage further collaboration between organisations and start-ups.

Jun 6 - US Oil Exports Hit Record High and Won't be Slowed by Rising Costs: Analysts
Trumps' withdrawal from the Paris accord may also trigger new levels of stateside production, say experts.

Jun 6 - New Traders for OceanConnect Marine in Dubai, London
OCM says it also plans further hires that will be announced in Q2 2017.

Jun 02 - FOBAS Alert: Off-Spec Aluminium and Silicon (Cat Fines) Fuels in Singapore
Carry over of abrasive Al+Si material into the engine may lead to accelerated wear and damage to fuel pumps/injectors and cylinder components.

Jun 02 - Aegean President E. Nikolas Tavlarios Resigns by Mutual Agreement
The move follows what one investment firm called "one of the worst quarters in the company's history."

Jun 02 - Rickmers Holding Filing for Insolvency
HSH Nordbank AG is said to have "surprisingly" denied approval of the term sheet related to the financial restructuring of the Rickmers Group.

Jun 02 - New Greek Coalition Formed for Promotion of LNG Bunkering
The Marine LNG Network currently has 16 members, including bunker suppliers, classification societies, ship owners, energy companies, and port authorities.

Jun 02 - Shipping group Rickmers to file for insolvency as revamp fails

German shipping group Rickmers said it would file for insolvency after bondholder HSH Nordbank  rejected its restructuring plan a day ahead of a last-ditch bondholders' meeting. Rickmers had proposed a revamp plan under which the equity stake of owner Bertram Rickmers was to be reduced to 24.9 percent, while bondholders, HSH Nordbank and potentially another bank would hold 75.1 percent. Click here to read full stories.

Jun 01 - Argentina hit by double port strikes at height of grain harvest 

Private port grains inspectors in Argentina started a 48-hour wage strike on Wednesday, after government health inspectors called a three-day work stoppage a day earlier, also over pay.Wednesday's strike by the URGARA inspectors' union will halt movement of soymeal and other grains byproducts while the work stoppage announced on Tuesday by government sanitary inspection unit Senasa halted movement of soybeans and other raw crops. Click here to read full stories.

Jun 01 - Prospect of Saudi, Russia "Catholic marriage" Greeted With A Near-3 Percent Crude Price Drop
Once more, the analytical community expresses its non-faith in OPEC's ability to rebalance the market.

Jun 01 - Deep-water Oil Profitable at $50/bbl by 2018 Adds to OPEC Woes
Citigroup thinks production could reach 1 million barrels per day by 2022.

Jun 01 - Glander International Bunkering Anounces New Hire in Dubai
Nicolai Rosendahl Mortensen is primarily dedicated to the West African market, the company says,

Jun 01 - Damen Green Solutions Trials Efficient Scrubber Retrofit Process
The Modular Approach is designed to cut the time that a vessel typically needs to spend in dock from two or more weeks to just a few days.

May 31 - Global container throughput growth revised upwards to 4.6%
(AlphaLiner)
- Strong volume growth recorded across key container ports in the first quarter of 2017 has prompted a revision in the full year global port throughput growth to 4.6%, compared to earlier projections of only 2%-3%.  
- Global container port throughput is estimated to have grown by 5.8% in the first quarter of 2017, based on Alphaliner’s survey of over 150 ports around the world. If the current strong momentum is maintained in the coming months, the full-year figure may be adjusted further upwards and could surpass the 5.1% volume increase recorded in 2014.
- Growth rates across the various regions remain mixed: ports in Africa, South Asia and Latin America show strong volume growth, while the Middle East, Southeast Asia and Mediterranean ports posted relatively weaker - albeit positive - gains.
- A key driver of the higher than expected growth in the first quarter was the strong showing in Chinese ports (including Hong Kong) as well as North European and North American ports. Growth in both regions exceeded 6% year-onyear.  
- Chinese ports recorded 7.3% growth in the first quarter, and the positive momentum has continued with a growth rate of 8.0% recorded based on preliminary data reported for April. This follows the 2.7% growth recorded in 2016 - the second weakest annual growth rate ever recorded by Chinese ports since the year 2009 when volumes shrunk by 6.1%.

May 31 - Recent Results Could be an Ominous Sign For the Bunker Industry
"I think it raises many, many questions about what will happen over the next 30 months," Energy Petrol Chief Executive Chief Executive tells Ship & Bunker.

May 31 - Goldman Lowers Oil Price Projections as Crude Drops Again, but Bullish
Sentiment Persists
Experts still believe oil could hit $60 later this year.

May 31 - MOL Claims Average of 2% CO2 Reduction with Bunker-Saving Windshield
The company says the average 2 percent CO2 savings was confirmed while sailing the test vessel at 17 knots per hour.

May 31 - Argentina port inspectors to begin three-day strike 

Inspection workers at Argentina's ports are set to begin a three-day strike on Wednesday, two unions said in statements on Tuesday, shutting down the bulk of export activity in one of the world's top grains exporters. Workers at Senasa, Argentina's phytosanitary inspection unit, failed to reach a labor agreement with the government ahead of a Tuesday deadline and will strike throughout the day on Wednesday, Thursday and Friday, the union statements said. Click here to read full stories.

May 30 - OPEC in No-Win Situation After "Oversold" Extension Meeting
U.S. gains plus the prospect of eventual electric energy dominance will make the cartel irrelevant, experts suggest.

May 30 - Bunker Spill Found in Denmark's Aalbaek Bay
The spill has been linked to a bunkering operation involving the Danish-flagged tanker Aalborg and the Maltese-flagged container ship Koznitza.

May 30 - Analysts Say China, not OPEC, Dictates Oil Price - but Monday Trading Still Swayed by Cutback Extension
Investors are placing their faith in the argument that inventories will tighten later this year.

May 30 - TMC Launches Boil-Off Gas Compressor for LNG-Powered Ships
TMC says its marine boil-off gas compressor system can also be used for ships that feature dual-fuel propulsion.

May 29 - Oil Prices Firm and Bulls See Crude in the $60s
But a more sober Deutsche Bank warns that overproduction will result in surpluses not being eliminated until 2019.

May 29 - "Swing Producer" OPEC Back in Business But Must Co-Exist With U.S. Shale: Analysts
Some experts believe inventories will reach their five year average by the end of 2017.

May 26 - Know Your Counter Party: KPI Bridge Oil
"While KPI Bridge Oil is a well-known bunkering company, many do not know how it came into its current form," Brian Coyne, Managing Director, KPI Bridge Oil Americas, tells Ship & Bunker.

May 26 - Crude Prices Fall 4% and US Claims Victory as OPEC Extends its Oil Cuts By 9 Months
The Saudis insist that the same level of cuts will bring us within the five year average by year's end.

May 26 - Aegean Warns Tough Market Conditions Set to Continue as Shares Slump 38%
"The global bunker industry faces significant competition in a market saturated with back to back trading entities," says Aegean President E. Nikolas Tavlarios.

May 26 - Authorities raid Polaris Shipping headquarters
(Splash24/7)   
Authorities have raided the Seoul and Busan offices of under fire Polaris Shipping as part of investigations into the sinking of an elderly converted ore carrier that went down in the South Atlantic at the end of March with the loss of 22 lives. Only two men survived the sinking.

May 25 - German shipping group Hapag-Lloyd aims for speedy post-merger intergration 

Hapag-Lloyd and Arab sector peer UASC are focused on speedy integration, Hapag's chief executive said after the German company announced completion of their delayed merger to creates the world's fifth-biggest shippingcompany. Reuters reported last week that closure of the deal, which is valued at between 7 billion euros and 8 billion euros ($7.8 bln to $9 billion), was imminent after funding snags had been overcome. Click here to read full stories.

May 25 - Colombia protest holding back cargo from Buenaventura port

A protest by residents in the Colombian Pacific port city of Buenaventura has prevented the shipment of hundreds of thousands of tonnes of cargo, the government said on Wednesday, adding that officials are negotiating with community leaders. Residents are demanding more funding for the violent and poverty-stricken city, which has about 415,000 residents, many of whom lack basics like running water. The week-long protest has blocked roads, preventing the arrival of coffee and other goods to ports, and sparking looting at supermarkets last weekend. Click here to read full stories.

May 25 - ADM Brazil unit completes $85 mln Santos port investment 

The Brazilian unit of Archer Daniels Midland Co  on Friday said it had completed a 33 percent expansion in its Santos port terminal's export capacity, to 8 million tonnes of grains per year.The company invested 280 million reais ($85.19 million) in the project, which comes two years after Brazil extended ADM's license to move grains including soybean and corn at the terminal for 20 years, through 2037. Click here to read full stories.

May 25 - U.S. wheat exports to Egypt seen remaining rare despite sale 

The Egyptian government's first purchase of U.S. wheat in more than two years was a stopgap measure to ensure it had enough supplies until offerings from its favored sources in the Black Sea region were more readily available, traders said on Friday. GASC, the Egyptian government's purchasing agency, signed a deal on Wednesday for its first purchase of U.S. supplies since February 2015. The size of the deal eclipsed the total of privately negotiated U.S. wheat shipments to Egypt for all of the 2016/17 crop year. Still, it represents less than 1 percent of expected 2017/18 imports for the world's top buyer of the grain. Click here to read full stories.

May 25 - Maersk fails to maintain EBIT margin gap to peers while average industry earnings remain in the red (AlphaLiner)
- Carriers’ average operating margin remained negative in the first quarter of 2017 at –1.2% based on Alphaliner’s survey of 11 of the Top 17 carriers that reported quarterly financial results for their container shipping operations.
- Only five carriers posted positive operating profits, despite stronger freight rates and rising year-on-year volumes. The weak results are due mainly to higher bunker fuel costs and seasonally weaker first-quarter liftings related to the Lunar New Year holidays in the Far East.
- CMA CGM posted the strongest results among the main carriers, with a core EBIT margin of 5.5% and operating earnings of $252 M on revenue of $4,620 M. CMA CGM’s acquisition of NOL(APL) in June 2016 appears to have brought immediate benefits to the company, with larger rate and volume gains on APL’s traditionally stronger East-West trades helping to offset the weakness on NorthSouth trades, where CMA CGM has a traditional presence.
- In contrast, Maersk posted its fourth consecutive quarter of operating losses, with a core EBIT margin of –1.0% and an operating loss of -$56 M in the first quarter on revenues of $5,493 M. Although Maersk has set as its target an EBIT margin gap of 5% above the industry average and to be a top quartile performer in terms of operating margins, it not only failed to achieve both goals in the last two quarters but also slipped to the third quartile in terms of earnings performance, relative to its main competitors.

May 25 - Dubai looking into forming $1 billion shipping investment fund - sources 

Dubai is looking into creating a $1 billion investment fund focused on shipping to develop the Gulf city's maritime sector and ride out a global industry downturn, three finance sources familiar with the plans say.The sources said the Dubai Maritime City Authority, the government entity responsible for developing the maritime industry in the emirate, was examining ways to establish a fund to provide financial investment support to Dubai-based firms. Click here to read full stories.

May 25 - Negotiations Aim to Halt Colombian Port Strike (Dow Jones)
Colombian officials sought to quell the massive protests in the Pacific city of Buenaventura, which have halted several hundred thousand tons of cargo in the country's largest Pacific port this week. Colombian President Juan Manuel Santos sent a special commission to meet with community leaders of the port city, where residents are demanding better services since many of them lack basics like running water and sewage systems. So far the protests have halted some 25,000 containers and 229,000 tons of cargo. They have also blocked roads and prevented perishable goods like coffee beans from arriving to port. The government expressed optimism it would be able to reach an agreement by Thursday.

May 24 -  Aegean Q1 Revenue Doubles as Bunker Sales Volume Rises 5.6%
"Our results in the quarter were impacted by increased competition across operations and continued challenging market dynamics," says Aegean's President.

May 24 - Russia refusing to send some rail freight to Latvia: sources 

Russia's state-owned railway monopoly is refusing most requests to take cargo from Russia to ports in Latvia, industry executives said, a serious blow to the Baltic state which depends on the transit trade. The monopoly, Russian Railways (RZhD), has in many cases offered no explanation to customers for turning down the cargoes, mostly oil products, fertiliser, coal and metals which had previously been transported relatively easily by rail to Latvia, nine people familiar with the situation told Reuters. Click here to read full stories.

May 23 - Increased Iranian Output Capability and Venezuelan Woes Could Obliterate or Aid Saudi Claim of Market Rebalance
Saudi's energy minister once again boosts the efficacy of the OPEC cuts prior to Vienna.

May 23 - Monjasa: We Have Adjusted to the New Normal in Global Shipping
Monjasa positive on 2017 after a "very unsatisfying" 2016 result.

May 23 - Oil Prices Rise as Talk of Longer, Deeper Cutback Consensus Grows
But at least one observer thinks Iraq could make an output cut extension difficult.

May 22 - Oil Storage Remains Full, Cutback Extension Won't Clear it Or Raise Prices: Analyst
Traders think the prospect of OPEC deepening its cuts is unlikely.

May 22 - Fuel Quality Alert for Greek Ports
Over the last two months LR FOBAS has seen an unusual number of off-specification fuels from Greece relating to the Total Sediment Potential of residual fuels.

May 22 - ADM Brazil unit completes $85 mln Santos port investment 

The Brazilian unit of Archer Daniels Midland Co on Friday said it had completed a 33 percent expansion in its Santos port terminal's export capacity, to 8 million tonnes of grains per year. The company invested 280 million reais ($85.19 million) in the project, which comes two years after Brazil extended ADM's license to move grains including soybean and corn at the terminal for 20 years, through 2037. Click here to read full stories.

May 20 - CYBER ATTACK .WNCRY ( continued )
- as you may already know, our servers have been attacked by WannaCRY last Friday, May 12th ( as some 300,000 PCs worldwide )
- despite our best efforts, the serveur hosting all our swap calculators cannot be cleaned, and therefore will be discarded. We already bought a new one, from OVH Private Cloud. Full installation and setting-up and tests might take a week.
- ALL physical Cash Energy & Freight calculator including Oil Products / Natgas / LPG / Power / Emissions / Coal / Tanker and Dry Bulk prices/rates were restored on dedicated PCs, enabling us to update on demand ( 3 to 4 times a day )
- ALL physical Cash Agri / Softs / Metals pages have not been affected therefore running as usual.
- once again we apology for all inconvenience.

May 19 - Crude Climbs Again On Yet More Speculation that Most Nations Support OPEC Cutback Extension
Meanwhile, others repeat the argument that deeper cuts are required to make a positive impact.

May 19 - OPEC Cutback Booster Russia Calls For Smooth Exit Strategy as Saudis Say $40/bbl Oil in 2020 is OK
The Saudis also claim they don't care what happens to prices in the longer term.

May 18 - CYBER ATTACK .WNCRY continue

- we are displeased to announce to our customers that our servers have been contaminated with WNCRY, following last week Cyber attack everybody heard about.
- despite our best efforts, the serveur hosting all our swap calculators cannot be cleaned, and therefore will be discarded. We shall have to buy a new one, this time from OVH Private Cloud. Full installation and setting-up and test might take a week.
- physical Cash Energy calculator including oil products / Natgas / LPG / Power / Emissions and Coal prices has been restored in a separate PC, updating 3 to 4 times a day.
- physical Cash Freight calculator including Tanker and Dry Bulk rates has been restored also in a separate PC, updating once per day.
- physical Cash Agri / Softs / Metals pages are safe and do run today as usual.
- once again we apology for all inconvenience, the less to say ? that WannaCRY has really made us cry !

May 18 - Spain's lower house of parliament approves port reform proposal

Spain's lower house of parliament narrowly passed a long-delayed reform of port operations on Thursday, bringing regulation closer to that of the European Union though the overhaul has been slammed by unions which have threatened widespread strikes. The decree, which was rejected the first time it was given to legislators in March, aims to liberalise hiring in a sector strictly controlled by the unions and comes after months of fines by the EU for not adhering to European regulation. Click here to read full stories.

May 18 - In a Tight Post-2020 Market, Marine Won't Be Outbid by Inland Distillate Buyers: Kassinger
"There may be more intense competition for the MGO between Marine and the inland markets. In that competition, Marine wins," Kassinger tells Ship & bunker.

May 18 - Nine Month OPEC Extension At Same Cutback Rate Means Bearish Future For Oil: Analysts
But others insist the extension will do some good and cause oil to surge to $60.

May 18 - This is Why Maersk Will Not be Using Scrubbers When the 0.50% Global Sulfur Cap on Bunkers Comes Into Force in 2020
While investing in scrubbers "may look appealing at first," Maersk will be using alternative fuels come 2020, Head of Maersk Oil Trading tells Ship & Bunker.

May 18 - "Your Cheatin' Heart" - Compliance Issues Cause Uncertainty About Low Sulfur Bunker Impacts
Certainly the incentive to "cheat" will be large, and the very nature of the shipping business makes enforcement challenging.

May 17 - CYBER ATTACK .WNCRY continue
- we are displeased to announce to our customers that our servers have been contaminated with WNCRY, following last week Cyber attack.
- despite our best efforts, all our calculators were not fully cleaned this morning, and consequently ALL our SWAP pages are being discontinued until further notice ( and hopefully not more than a further day )
- physical Cash Energy calculator ( including oil products cash prices ) have been stopped too.
- physical Cash Agri / Soft / Metals pages are safe and shld run as usual today.
- we are making our best efforts to restore cleaned version on all our servers, hopefully before End of this Day.

May 16 - Flat Prices for the Near Term, Outright Bedlam in 2018: Analysts
The OPEC extension coupled with U.S. shale will turn the 2018 market into a battleground, they say.

May 16 - The Future of Shipping "Must Eventually Be Fossil Fuel Free": ICS
But it will take "several decades" before this can be achieved, the Chamber says.

May 16 - Saudi/Russia Push for Extension Triggers Market Surge - and Skepticism Among Analysts
The worry is that more of the same from OPEC still won't result in a market rebalance.

May 16 - CEO Changes at Glander International Bunkering, Dan Bunkering, and KPI Bridge Oil
No official announcement has yet been made on the changes.

May 16 - ICS Calls on IMO to Make "Dramatic" CO2 Reduction Objectives
"It is very important that IMO sends a clear and unambiguous signal to the global community," says ICS Chairman Esben Poulsson.

May 16 - Alert CYBER ATTACK .WNCRY

- we are displeased to announce to our customers that our servers have been contaminated with WNCRY, following last week Cyber attack
- consequently ALL our swap calculators (and pages) are discontinued until further notice.
- physical Cash Energy calculator ( including oil products cash prices ) still working fine, but service will be interrupted for malware cleaning this afternoon.
- we are making our best efforts to restore cleaned version on all our servers, hopefully before End of the Day.

May 15 - Flat Prices for the Near Term, Outright Bedlam in 2018: Analysts
The OPEC extension coupled with U.S. shale will turn the 2018 market into a battleground, they say.

May 15 - Growth Is on the Agenda, Says UK-Based Supplier
Recent restructuring efforts by come players has meant increased competition in some markets and a reduction in service in others, MD Owen Webber tells Ship & Bunker.

May 15 - Commerzbank: Ineffective Oil Cutback Deal Shows OPEC Has Lost its "Pricing Power"
Yet again, experts point to dismal fundamentals as proof the market still faces volatility.

May 15 - Cameroon docker strike blocks coffee and cocoa exports 

Striking dockers blocked exports of cocoa and coffee at Cameroon's main port on Friday, officials said, as unrest and political tensions mounted in the build-up to next year's elections.About 200 workers demanding better pay and conditions stopped anyone entering or leaving the site in Douala, a port spokesman said. Click here to read full stories.

May 12 - Latest Rally Means Nothing, Oil Will Soon Drop to the Low $30s despite OPEC Extension: Analyst
Meanwhile, other experts take solace in more OPEC countries declaring their support for an extension.

May 12 - Vitol: Oil Glut Drawdown has Yet to Materialize, US Shale Growing Faster Than Forecast
Vitol's remarks accompany the Saudis and other nations boosting output.

Mar 11 - Maersk sees shipping recovery on horizon as profit tops forecast

A.P. Moller-Maersk beat first-quarter net profit forecasts on Thursday, boosted by the energy business it plans to spin off, but also reported signs of improvement at its long-suffering container shipping business. Shares in the Danish conglomerate climbed almost 5 percent after it said a gradual recovery in freight rates should boost earnings at Maersk Line, the world's biggest container shipping business, over the rest of the year. Click here to read full stories.

Mar 11 - Australia's cyclone-hit coal exporters face long port queues - miner 

Vessels loading coal from Australia's cyclone-hit Bowen Basin will face "significantly longer" port queues when the key Goonyella rail line returns to full capacity in the second half of May, a miner said on Wednesday. The delays mark a slow return to normality since shipments from the world's largest coking coal export region were disrupted by Cyclone Debbie in March and prices spiked as steelmakers turned to the spot market for supplies.  Click here to read full stories.

Mar 11 - Yemen war adds to rising fears for ships in Horn of Africa

Yemen's worsening conflict is contributing to a spike in piracy in the region, with Somali pirates taking advantage of a reduced international naval presence and more readily available weaponry to carry out attacks. "The regional instability caused by Yemen is important," Colonel Richard Cantrill, chief of staff with the European Union's counter piracy mission EU NAVFOR, told Reuters last week. Click here to read full stories.

Mar 11 - Beijing's battle against pollution takes toll on truck drivers at coal port

On a recent visit to the area around Tianjin Port Co Ltd, there were more than one hundred empty trucks parked at the coal storage centre run by Ningdong Logistic Co. Once one of the busiest places close to Tianjin's sprawling port, the storage facility was now silent as activity had ground to a halt after the port operator last month announced a ban on trucking in coal or storing it there. The announcement was sooner than expected. Click here to read full stories.

Mar 11 - Brazil extends port licenses to 35 years to attract investment

Brazil will increase the length of port operating licenses to 35 years from 25, according to the Thursday edition of the government's official gazette, in an effort to lure private investment in infrastructure. The ruling also allows an operator's first license to be repeatedly extended for up to 70 years. Under previous rules, licenses could only be extended once by 25 years. Click here to read full stories.

Mar 11 - Workers' strike to disrupt operations at Jakarta's main port next week - union

A union workers' strike next week is expected to disrupt shipping operations at Jakarta's main port, which handles the bulk of international shipments for Southeast Asia's biggest economy, a labour union official said. Around 2,000 union members are expected to go on strike from May 15-20 at the Tanjung Priok port to protest against an affiliate of Hutchinson Ports, which the union says is bad for the country and for workers' rights. Click here to read full stories.

May 11 - New Zealand Refiner Taking a Wait and See Approach for 2020
Sjoerd Post, CEO of NZR, says IMO's 0.50 percent sulfur cap could potentially negatively impact fuel oil prices.

May 10 - Libyan Revival, Speculators Adding Downward Pressure to Oil Prices
Capping the bad news is that U.S. shale output is expected to reach record highs next year.

May 10 - Crude Slips, Bunkers Soft Despite EIA Upping Oil Demand Growth Forecast
Another analyst believes market conditions will cause OPEC to make tough choices in 2018.

May 09 - Russia Supports Oil Cuts into 2018, But Bloomberg Says So Far The U.S. Is The True Victor of the Cutbacks
Oil prices on Monday rise slightly, reflecting cautious optimism among analysts.

May 09 - Libya Oil Output Highest Since 2014, but Goldman Maintains that Market is Tightening
Other analysts believe a tremendous buying opportunity is unfolding.

May 08 - Evergas, Clipper Group to Install Lubricant Blending-On-Board Systems to Help Support Changing Bunker Sulfur Levels
"This is a technology that is supporting ship operators with both changing engine operating conditions and fuel sulfur levels," says Head of Sales at MFT.

May 05 - Maersk Formally Ends Quadrise MSAR Fuel Trial
Maersk Line is said to have formally notified Quadrise of its intention to achieve compliance with 2020's 0.50 percent sulfur cap by using compliant fuel.

May 02 - Mass Flow Meter Malpractice? This is What We've Seen in Singapore and What You Can Do to Protect Yourself
Petro Inspect surveyors have seen barge setups where it would be possible to syphon bunkers back into the bunker barge after they have passed through the mass flow meter.

May 08 - China seeks up to 85 percent stake in strategic port in Myanmar 

China is looking to take a stake of up to 85 percent in a strategically important sea port in Myanmar, according to documents reviewed by Reuters, in a move that could heighten tensions over China's growing economic clout in the country.Beijing has been pushing for preferential access to the deep sea port of Kyauk Pyu on the Bay of Bengal, as part of its ambitious "One Belt, One Road" infrastructure investment plan to deepen its links with economies throughout Asia and beyond. Click here to read full stories.

May 05 - VPS Launches Quick Screening Service for Singapore MFM Bunker Deliveries
A "Pass / Fail" rating will form part of the Bunker Quantity Survey report, explains VPS.

May 05 - Maersk secures Hamburg Süd deal  for €3.7 Bn (Alphaliner)
- Maersk’s proposed acquisition of Hamburg Süd, first announced on 1 December 2016, has been approved by both companies’ boards. In a statement released on 28 April 2017, Maersk said that it will pay €3.7 Bn in cash to acquire Hamburg Süd from the Oetker Group on a debt-free basis, in relation to the sale and purchase agreement signed on 14 March. The acquisition is subject to regulatory approvals and is expected to close before the end of 2017.  
- The price paid by Maersk for Hamburg Süd (about $4.0 Bn in enterprise value) is lower than the valuation of UASC by Hapag-Lloyd (worth about $4.8 Bn in a non-cash business combination agreement expected to be completed by the end of May 2017) and the price paid by CMA CGM for NOL/APL ($2.46 Bn cash offer with $2.70 Bn of net debt that was completed in June 2016).
Maersk did not disclose details of Hamburg Süd’s earnings, but it expects to realise operational synergies of $350-400 M annually, compared to estimated synergies of $435 M that Hapag-Lloyd expects to derive from its merger with UASC and $500 M that CMA CGM says it will deliver from the APL acquisition.
- Following the completion of the deal, Hamburg Süd is expected to retain its own separate structure and brands (including Aliança and CCNI). However, Maersk will have to give up some market share to comply with the European Commission’s decision announced on 10 April that cleared the deal subject to the withdrawal of Hamburg Süd from five vessel sharing consortia agreements. Maersk is also expected to sell its Brazilian cabotage arm Mercosul Line as a concession to obtain the approval from Brazilian antitrust regulators.

May 05 - Armed attacks on ships in West African waters rise - report

Armed attacks on ships in West African waters nearly doubled in 2016, with pirates increasingly focused on kidnapping their crew for ransom off Nigeria's coast, a report said on Tuesday. A recent spate of attacks off Somalia, meanwhile, may also indicate a resurgence of piracy in East Africa as a result of less vigilance, the Oceans Beyond Piracy (OBP) project said. Click here to read full stories.

May 05 - Australia's Port Hedland iron ore shipments to China rise 11 pct in April

Iron ore shipments to China from Australia's Port Hedland terminal, used by BHP Billiton and Fortescue Metals Group, rose nearly 11 percent in April to 34.86 million tonnes from 31.5 million in the previous month, port data showed on Wednesday. Overall shipments from the world's biggest iron ore export terminal increased to 42.29 million tonnes from 39.09 million in March, according to the Pilbara Ports Authority. Click here to read full stories.

May 05 - BHP gets approval to raise iron ore exports from Australian port

Australia's Town of Port Hedland on Friday approved plans by BHP Billiton, to ship an additional 5 million tonnes of iron ore annually through the port, the first stage of a plan to lift shipments to 290 million tonnes by 2019. The increase, approved in a vote by the Port Hedland Council, is a quarter of the size BHP originally requested before being rejected in September by the town over concerns of dust pollution caused by iron ore stockpiles. Click here to read full stories.

May 05 - New port capacity reduces Ukraine grain export costs

The cost of shipping grain from Ukrainian seaports has fallen by $3 to $5 per tonne in recent months to around $12 as new export terminals come onstream, the GrainTrade website reported on Friday. Ukraine, which harvested about 66 million tonnes of grain last year, could export around 42 million tonnes. But its seaports can now ship abroad more than 52 million tonnes of grain. Click here to read full stories.

May 05 - Pakistani importers bought U.S. soybeans, Black Sea rapeseed

Pakistani importers have in recent weeks purchased about 65,000 tonnes of soybeans to be sourced from the United States and more than 100,000 tonnes of rapeseed with the Black Sea region seen as the likely source, European traders said on Thursday. The soybeans are for shipment in September and the rapeseed was purchased in several consignments between the end of April and this week, they said. Click here to read full stories.

May 03 - World Fuel Services' Bunker Business Has A "Long-Term Role Within the Portfolio"
"It's not going to go away," CEO Michael Kasbar says of marine.

May 03 - Crude Prices Drop Again on Tuesday, but UAE Says OPEC Cutback Extension Will Bring Market Closer to Rebalance
The UAE believes increased demand will also help alleviate the glut in the latter half of 2017.

May 03 - 2020 Bunkers Regs to Drive Uptick in Product Tanker Demand: Gibson
Gibson says 2020 offers the potential for strong growth for the clean tanker market, "whilst dirty product tankers face a more uncertain path."

May 02 - Mass Flow Meter Malpractice? This is What We've Seen in Singapore and What You Can Do to Protect Yourself
Petro Inspect surveyors have seen barge setups where it would be possible to syphon bunkers back into the bunker barge after they have passed through the mass flow meter.

May 02 - World Fuel Services In "A Good Position to Deal With This Emerging New Marine Industry"
"We're positioning ourselves really to be a technology company that just so happens to know a lot about fuel logistics," says CEO Michael Kasbar.

May 02 - Chevron: US Shale Not Enough to Satisfy World's Hunger for Crude
Meanwhile, the Saudis try to wrestle more share of the growing Asian market.

Apr 28 - What Does IMO's 0.50% Sulphur Cap Decision Mean for the Bunker Supply Chain?
The 0.50% sulphur cap on marine fuel from 2020 is arguably one of the industry's most defining moments since the shift away from coal.

Apr 28 - Yang Ming recapitalisation plan fails to calm market jitters (AlphaLiner)
- Yang Ming has suspended trading of its shares on the Taiwan Stock Exchange for two weeks from 20 April to 3 May 2017 in order to allow it to reduce the number of outstanding shares by 53.3% from 3.004 Bn to 1.404 Bn shares.  
- The move follows the resolution approved at Yang Ming’s extraordinary shareholders' meeting on 22 December 2016 to consolidate the company’s stock and write off NT$16.005 Bn ($527 M) of accumulated losses. The same amount will be removed from Yang Ming’s share capital account, with no cashflow impact while overall shareholder’s equity will also remain unchanged.
- Although Yang Ming stated in its latest customer advisory issued on 24 April that the reverse stock split will be followed by an “infusion of new capital”, it did not provide any details of the identity of the new investors, the timing of the infusion or the amount of the cash to be injected. Despite having more than four months to prepare for it, Yang Ming’s sketchy disclosures of its recapitalisation plan have added to market concerns over its financial health.
- According to its last two customer advisories, Yang Ming continued to point to a market recovery to boost its operating income but positive earnings have remained elusive for the Taiwanese carrier. Yang Ming is expected to book another net loss in the first quarter of 2017, based on Alphaliner’s projections, as its revenue performance has continued to tumble compared to the fourth quarter of 2016. It failed to maintain the positive rate momentum in January, with February and March revenue numbers registering declines.

Apr 27 - Baltic Exchange seeks bigger role in maritime industry

The Baltic Exchange said on Wednesday it will offer new products and services to enhance its role in the maritime industry. In 2017, the Exchange aims to provide more freight market benchmarks and move into the liquefied natural gas (LNG) and container spaces, as well as becoming more involved supporting its members in post-trading activities, it said in a press release. Click here to read full stories.

Apr 27 - Shanghai port, world's busiest, grapples with traffic congestion

The world's busiest container port, Yangshan in China's business hub of Shanghai, is battling severe congestion wrought by dense fog, higher-than-usual volumes and the aftermath of a shake-up in shipping alliances, ocean carriers and port officials say. More than 100 container vessels are now waiting outside the port, where the average waiting time at berth last week went up 6.2 percent, to 18.2 hours, versus the previous week, according to shipping software provider CargoSmart. Click here to read full stories.

Apr 27 - China allows North Korean coal ships to unload, but not import

China has allowed ships carrying North Korea coal to unload in port for "humanitarian reasons", but the cargo will not go through customs, the Foreign Ministry said on Wednesday. Beijing banned imports of North Korean coal in late February for the rest of this year against the backdrop of Pyongyang's nuclear and missile tests and the increasingly bellicose rhetoric from the isolated country. Click here to read full stories.

Apr 27 - Petrol Bunkering & Trading to Close German Office
The company's Hamburg-located branch office will cease operations, effective May 1, 2017.

Apr 27 - ECA Regs Being Flouted Through Misuse of Bunker Non-Availability Clause, Says Supplier
"Despite compliant bunkers being available they were not loaded onto the vessel," an ECA-based supplier tells Ship & Bunker.

Apr 27 - Bunker Jobs: Integr8 Fuels Seeking Trader/Broker
Integr8 Fuels is one of the fastest growing bunker trader/brokers in the market.

Apr 27 - Peter Hall Joins Digital Bunkering Group Vortex Development as European Business Development Liaison
"There is no question that the future of the bunker industry is a digital one," Hall tells Ship & Bunker.

Apr 26 - SOHAR Port and Freezone Looks to Boost Bunkering Services
"There are certainly some external factors that are currently influencing growth," Mark Geilenkirchen, CEO at SOHAR, tells Ship & Bunker.

Apr 26 - MXB Grows Physical Bunker Supply Operations at Mumbai Outer-Port Limits
"This initiative will enable us to cater for the bunker requirements for vessels while they wait for berthing prospects at Mumbai," MXB tells Ship & Bunker.

Apr 25 - Tanker Arrested in Singapore
The 14,500 DWT Golden Dynasty was detailed following action taken by local law firm Gurbani & Co.

Apr 25 - "Back to Basics" for Crude, Says Kloza as Monday Sees More Market Losses
OPEC and Russia are cited as the latest reasons for the price doldrums.

Apr 25 - Average Oil Price Would be Same With or Without OPEC Deal, says Fesharaki
The FGE founder says prices for 2017 will be locked in a $50-$60 band.

Apr 25 - "Interesting Time Ahead" for Cost Effective LNG Bunker Distribution Tech, Says LNG Network Norway
There will be "new cost effective technical concepts in the whole value chain," Egil Rensvik tells Ship & Bunker.

Apr 24 - SMW Interview: Ship & Bunker Discusses Preparations for the 2020 0.5% Sulfur Cap on Bunkers With the MPA
"MPA is working with our bunker suppliers to make available 0.5 percent compliant fuels by 2020," MPA Director Parry Oei tells Ship & Bunker.

Apr 24 - Traders Nervous Over Inventory Builds Cause Friday Price Drop, but Goldman Thinks Fundamentals Are "Surprisingly Good"
However, Total joins the growing chorus of experts who think prices will fall again.

Apr 24 - OPEC Panel Recommends Cutback Extension as Latest Data Indicates Cartel Has Failed to Reduce Stockpiles
One analysts says an extension is needed not to boost prices, but to keep them from falling.

Apr 24 - Bunker Claims Accounted for 57% of Singapore Arbitrations in 2016: SCMA
SCMA notes that the number of arbitrations have been on a steady rise since 2009, with 46 arbitrations recorded in 2016, compared to just nine in 2009.

Apr 21 - Port workers in Argentine grains hub to hold wage protests 

Port workers in Argentina's main grains hub of Rosario will hold flash protests and block access gates over the weeks ahead as part of wage negotiations in which they are demanding a 40 percent pay increase, a union leader said on Thursday. Wage strikes and protests are common in Argentina, which had an inflation rate of about 40 percent last year. The central bank aims to cut inflation by more than half in 2017. Click here to read full stories.

Apr 20 - China's Tianjin port cracks down on coal in Beijing's war on smog - notice 

China's Tianjin Port Co Ltd will impose measures to curb the trucking and storage of coal months earlier than expected, as one of the nation's busiest ports complies with government orders in its war on smog, a customer notice shows. By Wednesday, the port will stop receiving coal by truck and by the end of the month it will clear its storage warehouses of the fuel, a notice to customers dated April 16 said. Click here to read full stories.

Apr 20 - Brazil's CSN iron ore terminal not operating after accident - sources 

The loading of iron ore at Brazil's Itaguaí terminal operated by mining and steel firm Companhia Siderúrgica Nacional has been halted since Saturday due to an accident, sources and the Itaguaí Port Authority told Reuters on Wednesday. Four to five Capesize bulk carriers that were waiting to load iron ore at the terminal are being put back into the charter market, said a German shipping source, due to the impossibility to load the product in Brazil. CSN confirmed the accident but had no immediate information regarding Itaguaí operations. Click here to read full stories.

Apr 20 - Brazil eyes privatizing Vitoria port - government sources 

Brazil's government will study a plan to privatize the port of Vitoria as part of a program of concessions aimed at closing a federal budget gap and drawing private investment in infrastructure, two government sources said on Monday. Last year, about 6 million tonnes of goods passed through the port in the state of Espirito Santo, down about 3 percent from a year earlier, according to port operator Codesa. Click here to read full stories.

Apr 20 - Paraguayan corn shipment headed for U.S. port - source 

A shipment of Paraguayan corn was due to arrive next month at the U.S. port of Wilmington, North Carolina, a U.S. grains trader said on Wednesday. The vessel Nord Bering was moored at the Brazilian port of Paranagua, according to Thomson Reuters Eikon data. It was scheduled to arrive in Wilmington by May 20, according to the port website. Click here to read full stories.

Apr 20 - Launch of new alliances boosts vessel demand (AlphaLiner)
  The launch of the new carrier alliances on the east-west trades on 1 April 2017 has boosted demand for vessels and the final tally of containership tonnage, to be deployed on the revamped Asia-Europe, Transpacific and Transatlantic routes, is to increase by 5% (by teu capacity) and 4% (by vessel count) compared to March, based on figures compiled by Alphaliner.
  Compared against the peak season deployment of summer 2016, total vessel capacity planned for this summer will be 2% higher. At the same time, the number of deployed ships is set to fall as carriers continue upgrading services to larger vessel sizes.  
  The tonnage removed as a result of Hanjin Shipping’s withdrawal from the eastwest trades in September 2016 will be fully restored with the new services launched on 1 April by the 2M+HMM, OCEAN Alliance and THE Alliance, as well as various independent carriers including newcomer SM Line who kicked off its new transpacific service last week.  
  A total of 913 ships are to be utilised on the three E-W routes from April, compared to 879 ships in March 2017 and 938 ships in August 2016, just before the departure of Hanjin.
  An analysis of the vessel deployment by size range shows significant increases in the 14,000-20,000 teu segment as well as the 5,500-10,000 teu size segment, while the 10,000-13,300 teu sector shrinks together with the smaller 3,000-5,100 teu sector.

Apr 19 - Citi Joins the Oil Bulls as Saudi Oil Exports Drop to 2015 Lows
But Commerzbank warns that the oil price war is far from over.

Apr 19 - VPS Appoints New Group Business Development Manager
Paul Parkinson joins as Group Business Development Manager for Oil Condition Monitoring.

Apr 19 - Merrill Lynch Upbeat on Oil Prices With Predictions of OPEC Cutback Extension and Rising Demand
But despite weekend comments issued by Iran, it is unclear whether the OPEC deal will continue past June.

Apr 18 - Singapore: Mandatory MFMs Bring No Big Change in Number of Licensed Bunker Surveyors
MPA data shows the total number of licensed bunker surveyors in Singapore has decreased to 49 from 51 in January.

Apr 18 - Bullish Predictions for Oil Tempered by Possibility of Near-Term Prices in the Low $40s
Other experts maintain that troubling fundamentals will continue to restrict gains.

Apr 18 - Vessel Aiming Zero Emissions Round the World Voyage is Launched
The vessel is able to generate hydrogen from 130 m2 of solar panels, two wind turbines, a traction kite, and two reversible electric motors.

Apr 18 - Saudis Now Say Too Early to Discuss Cutback Extension As US Shale Predicted to Increase Yet Again
May's output for the U.S. is forecast to have the biggest monthly increase since February 2015.

Apr 18 - Future of Shipping Belongs to Those Who Embrace New Opportunities, Says MPA CEO
Andrew Tan's comments came at a media briefing for Singapore Maritime Week 2017.

Apr 18 - Banned at sea: Venezuela's crude-stained oil tankers 

In the scorching heat of the Caribbean Sea, workers in scuba suits scrub crude oil by hand from the hull of the Caspian Galaxy, a tanker so filthy it can't set sail in international waters.The vessel is among many that are constantly contaminated at two major export terminals where they load crude from Venezuela's state-run oil company, PDVSA. The water here has an oily sheen from leaks in the rusty pipelines under the surface. Click here to read full stories.

Apr 18 - China's Tianjin port cracks down on coal in Beijing's war on smog - notice 

China's Tianjin Port Co Ltd will impose measures to curb the trucking and storage of coal months earlier than expected, as one of the nation's busiest ports complies with government orders in its war on smog, a customer notice shows.By Wednesday, the port will stop receiving coal by truck and by the end of the month it will clear its storage warehouses of the fuel, a notice to customers dated April 16 said. Click here to read full stories.

Apr 17 - Trump's Trade Plans Spell Uncertainty for Mexican Port (Dow Jones)
Latin America's most technologically advanced shipping terminal opened here early this month, with a ceremony attended by heads of state and shipping industry royalty.
     But the ambitious project faces an uncertain future as U.S. President Donald Trump weighs new trade barriers. Major importers such as Wal-Mart Stores Inc., Samsung Electronics Co. and Target Corp. see Lazaro Cardenas as a key link between Asia's factories and Mexico's growing middle class. They also hope to use the port as a backdoor to the U.S., bypassing congested West Coast ports via the "Nafta Railway," a network of track operated by U.S. railroad Kansas City Southern that can shuttle goods as far north as Memphis.
     APM Terminals, a unit of the world's biggest shipping company, A.P. Moller-Maersk, spent five years and $568 million on the new terminal. APM hopes to spend up to $900 million to expand capacity at the terminal to rival the Port of New York and New Jersey by the end of the next decade.
     But what looked like a sure bet five years ago is less certain today. President Trump has threatened to penalize manufacturers that move operations to Mexico and wants to renegotiate the North American Free Trade Agreement. Republicans in Congress have floated a "border-adjusted tax" that would raise the cost of imports.
     Any of these measures could deal a blow to U.S.-Mexico trade, shipping companies and analysts say. Mexico's imports have grown more than 30% since 2010, according to the World Bank, and container volumes are up 60% in the past three years at Lazaro Cardenas' older facilities, according to trade data firm Panjiva. Auto parts make up a big part of those gains.
     "The port is a microcosm of global trade flows," said Christopher Rogers, a research analyst with Panjiva. He added: "it's very exposed to the auto industry."
     Danish conglomerate Maersk, which once touted the new terminal's "near-sourcing benefits," a reference to manufacturers producing goods in Mexico and selling them in the U.S., now says it is focusing more on using the port to import goods for Mexico's consumer market. In an interview this month, Maersk Chief Executive Soren Skou said "the main purpose of the terminal is to be a gateway terminal for the Mexico City market," with cross-border trade secondary.
     "The U.S. administration has made a number of statements that impact our business on the positive side," Mr. Skou said. "Then there are the discussions about trade deals, and some of the rhetoric seems more protectionist...It's really hard for us to judge how this will affect our business."
     APM's terminal unloaded its first ship in February, and the port formally opened with a ceremony in early April attended by Mexico's president Enrique Peya Nieto and Danish Prime Minister Lars Lakke Rasmussen.
     Mexico's government sees developing the port as a priority. In 2013, amid rising drug cartel violence and illegal smuggling, Mr. Peya Nieto deployed thousands of troops to the port and handed over its security to the navy, which still maintains a garrison there.
     At the ceremony earlier this month, he called the terminal "a testimony to how Mexico has been growing, how it has become a trustworthy destination...that is crucial for the transit of goods bound for the important consumer market that is Mexico, and from here to other important consumer markets."
     However, in recent months, Mexico's president has also said the country will pursue trade deals with Vietnam and Japan and work more closely with China.
     "Mexico's path forward is to participate more in world trade, not just to trade with North America," said Walter Kemmsies, an economist who specializes in ports and shipping. "The investment at Lazaro Cardenas makes sense, because it's a gateway to trade with Asia."
     On a stiflingly hot morning in late March, giant cranes lifted hundreds of metal boxes from the container ship Charlotte Maersk amid the soft hum of robotic machinery.
     The new terminal features towering 300-foot-tall ship-to-shore cranes that can span the largest container ships currently plying routes between Asia to North America.
     The cranes can pluck two containers at a time from ships, then deposit them in piles. Robotic stacking cranes that run on electricity -- rather than the usual diesel -- use artificial intelligence to arrange the piles in the most time- and cost-efficient order. Such semi-automated systems are common at port terminals in the Netherlands and Singapore, but have never been used in Latin America.
     The facility is expected to employ about 550 people -- or 250 fewer than a similar-size terminal without automation -- which makes for fewer accidents and lowers container handling costs by 20%, APM says.
     "I've never seen a terminal this technologically advanced," said Miguel Angel Dominguez, a supervisor for cargo operations at the terminal. "It's much safer, much more dynamic, much more mechanized."

Apr 14 - OPEC Cuts Fail to Stop Oil Stocks Rising, but Markets are "Very Close" to Balance, Says IEA
IEA says it is "seeing demand growing fairly steadily."

Apr 13 - Post-Brexit customs checks a "catastrophe" for UK shipping - trade body 

The introduction of physical customs checks following Brexit would be a catastrophe for British ports and shipping and would likely reduce the volume of trade, the head of the sector's UK industry body said on Wednesday. Prime Minister Theresa May has said she wants a customs arrangement with the European Union which allows trade to be "as frictionless as possible", but few expect goods will be able to continue to move as seamlessly as they do within the bloc. Click here to read full stories.

Apr 13 - North Korean ships head home after China orders coal returned 

A fleet of North Korean cargo ships is heading home to the port of Nampo, the majority of it fully laden, after China ordered its trading companies to return coal from the isolated country, shipping data shows. Following repeated missile tests that drew international criticism, China banned all imports of North Korean coal on Feb. 26, cutting off the country's most important export product. Click here to read full stories.

Apr 13 - China March iron ore imports surge to second-highest ever

China's March iron ore imports rose 11 percent from the same month a year earlier to the second-highest monthly amount on record as the world's second-biggest economy ramped up a drive for cheap overseas supply as the cost of domestic output grew. Imports last month were 95.56 million tonnes, according to data from the General Administration of Customs on Thursday - a fraction below the monthly record of 96.27 million tonnes imported in December 2015. Click here to read full stories.

Apr 13 - Barge accidents shut parts of Mississippi, Ohio rivers 

Two separate barge accidents halted navigation on the flood-swollen Mississippi and lower Ohio rivers on Friday, severing the flow of grain from the upper Midwest to export terminals along the Gulf Coast, government officials said. A section of the Mississippi River was closed to navigation on Friday morning after nine grain barges broke free from a tow and struck lock and dam 22 near Saverton, Missouri, north of St. Louis, the U.S. Army Corps of Engineers said. Click here to read full stories.

Apr 13 - Currently "No Incentive" for Movement Toward 2020 Compliance, Says Industry Player
The comments from Paul Nix, General Manager of Terminal Operations at Gulf Petrochem, came at an industry conference in Fujairah earlier this month.

Apr 13 - Support for OPEC Cutback Extension Grows, and Citi Predicts Brent Rebounding to Above $60 As a Result
However, a cautious Kilduff worries that conflict with North Korea could send demand - and prices - plummeting.

Apr 13 - Uniper Provides Boost to ULSFO Exports from Fujairah
Uniper's Fujairah facility is said to have a production capacity of about 300,000 tonnes of ULSFO per month.

Apr 13 - Carriers remain in the red
(AlphaLiner)
  The average operating margins of 13 main container carriers remained negative in the second half of 2016 despite the freight rate improvements that followed the collapse of Hanjin Shipping in late August. The tough operating environment saw only three carriers record positive operating results for the full year 2016, while the remaining ten carriers ended in the red.
  Hyundai Merchant Marine recorded the worst operating results among the main carriers in 2016, with its container shipping business chalking up operating losses of KRW 692 Bn ($595 M) for a full year operating margin of – 18.5%. HMM was forced to undergo a financial restructuring exercise involving a debt-equity swap of KRW 1.1 Tn, extension of the bond maturities of KRW 0.8 Tn and charter rate adjustments of KRW 0.43 Tn, as well as the disposal of various assets. The company said that it will continue to rely on state support, including a government program to acquire and charter back HMM’s ships with the loss from the sale to be recovered by HMM through capital injections by the Korean government.  
  Taiwanese carrier Yang Ming also had to rely on state support after posting operating losses of TWD 15.16 Bn ($470 M) for a negative margin of –13.1% in 2016. The Taiwan government’s National Development Fund took a 6.4% stake in Yang Ming under a recapitalisation program in February 2017 that raised TWD 1.69 Bn $(54 M) from six investors headed by the NDF. The NDF is expected to continue to support Yang Ming’s subsequent capital raising programs. 
 

Apr 12 - Bulker Arrested Over Unpaid OW Bunker Bill Put to Auction
Infinity was arrested in October on outstanding debts from four creditors.

Apr 12 - Uniper Provides Boost to ULSFO Exports from Fujairah
Uniper's Fujairah facility is said to have a production capacity of about 300,000 tonnes of ULSFO per month.

Apr 12 - Aegean Announces Supply of ULSFO Bunkers in All ARA Ports Following "Increased Levels of Demand"
Aegean says that ULSFO fuels are available across the full range of ARA ports with immediate effect.

Apr 12 - LOI Sets DuPont as Preferred Scrubber Supplier for Navios' ShipManagement
The LOI is also said to confirm that Navios and DuPont Clean Technologies will take on a joint feasibility study and techno-economic analysis.

Apr  11 - Bunkernet Conference Discusses 2020, LNG Bunkering, and Suez SC Zone
The sixth Bunkernet Bunker Conference was held on April 6 in Limassol, Cyprus.

Apr  11 - Crude Will Reach the $60s "Within Months", Predicts RBC, but Schork Insists We're Spiraling to the $40s
The forecasts are made as oil climbs again on the strength of another Libyan outage.

Apr 10 - Preparations for 2020 Demand to Be Driven by Bunker Suppliers, Says Port of Gibraltar
However, Bob Sanguinetti, GPA CEO has told Ship & Bunker that the port authority will work closely with the bunker community to prepare ahead of 2020.

Apr 10 - Traders Bet on OPEC Cutback Extension, But U.S. Syrian Bombings Cast Serious Doubt on Cartel Continuing to Curb Output
Meanwhile, Russia again says it's too early to discuss an extension.

Apr 10 - DNV GL Grants AiP to MOL and SHI for Design of LNG-Fuelled Container Vessel
While a LNG bunkering system has not yet been established for the vessels, DNV GL says such a system is expected in the near future.

Apr 07 - Iran Faces "Struggle" to Maintain Exports as its Sea Storage Stocks Dry Up
More trouble for the Islamic republic comes in the form of India halting imports and ongoing tensions with the U.S.

Apr 07 - "No Loud Call" for Mass Flow Meters in Gibraltar: Sanguinetti
"We have very few complaints related to both quantity and quality, both of which we regulate carefully," the port's CEO tells Ship & Bunker.

Apr 07 - Crude Gains "Hard to Justify" in Face of Fundamentals, Warn Experts
But that doesn't mean oil is dead, they add.

Apr 06 - Ports in China have enough iron ore to build 13,000 Eiffel Towers 

With enough iron ore to construct Paris's Eiffel Tower nearly 13,000 times over, China's ports are bursting with stockpiles of the raw material and some of them are demolishing old buildings to create more storage space, trading sources said. China's domestic iron ore production jumped 15.3 percent in January-February as a price rally last year extended into 2017, causing imported ore to pile up at the ports of the world's top buyer. Stockpiles are at their highest in more than a decade and are affecting prices.

Apr 06 - Glencore the fifth coal miner to declare force majeure in cyclone-hit Australia 

Global miner Glencore on Wednesday declared force majeure on coal shipments from the cyclone-hit Bowen Basin in Australia, after the storm damaged railway lines, disrupting delivery to ports. Glencore runs five coal mines in the region and it is the fifth miner to declare force majeure - a clause typically invoked after natural disasters - leaving rivals in the United States to cash in on a surge in prices as Chinese steelmakers scramble for supplies. 

Apr 06 - Freeport awaits permit to end costly Indonesia export ban - execs 

Freeport McMoRan Inc  is awaiting final details on a temporary export permit in Indonesia, which would end a 12-week ban that has cost the world's biggest publicly traded copper company nearly $1 billion in lost revenues, its top executives told Reuters in an interview on Wednesday. "With the short-term arrangement, we'll start ramping production back up to feed our mill 100 percent," said Chief Financial Officer Kathleen Quirk referring to Freeport's Grasberg mine.

Apr 06 - Hard running floodwaters to delay coal rail re-opening in Australia - source 

The reopening of Aurizon Holdings Ltd's Blackwater rail line, a key link between coking coal mines and export ports in cyclone-hit northeast Australia, will be delayed after suffering more water damage than expected, according to a source. The Blackwater line was scheduled to re-open later this week and start replenishing global coking coal supplies after Cyclone Debbie hit the state of Queensland and disrupted haulage operations. The system transported more than 60 million tonnes of coal last year and services mines operated by BHP Billiton, Glencore PLC and Sojitz Corp, among others. 

Apr 06 - Canadian Navy Bunkering Vessel Project Centre of Canadian Authorities' Probe
The CAN $700 million Project Resolve includes the conversion of a commercial vessel to a bunkering ship by Federal Fleet Services.

Apr 06 - More Bearish Forecasts for Crude As Hedge Funds Liquidate their Bullish Positions
Doubts of any real market rebalancing is driving the liquidations.

Apr 06 - DNV GL and DSME Unveil "Innovative" and Efficient LNG Carrier
The ship utilises LNG as its primary fuel, and features direct-coupled, two-stroke dual-fuel main engines and dual-fuel auxiliary engines.

Apr 05 - The Stellar Daisy Loss: Understanding Cargo Liquefaction Risks
It's a known issue with most ore cargoes; the key issue is whether the solid bulk cargo that is to be loaded is liable to liquefaction.

Apr 05 - Petronas Sees $45/bbl Crude in 2017, but Vortexa Data Suggests Market is Changing Faster than Anticipated
Seaborne shipments have dropped 16 percent since the beginning of this year.

Apr 05 - High Oil Price Predictions Abound as US Crude Hits 4-Week High
Tuesday's gains were caused by expected inventory drawdown reports later this week.

Apr 04 - Andurand Forecasts Oil at $70 Later This Year, but Kilduff Maintains that the Low $40s is More Likely
It's unclear whether backwardation will triumph over persistent U.S. output builds.

Apr 04 - Market Ignores Upbeat OPEC Rhetoric as Libyan Output Resumption Sends Prices Down Yet Again
Other developments promise to keep prices in the doldrums for the foreseeable future.

Apr 04 - Firm Takes Legal Action After Customs' Bunker Seizure in the Philippines
Customs is said to have seized 44,000 mt of bunker fuel cargo, which SMC says was without due process.

Apr 04 - "Strong Smell of Fuel" Reported after Bulk Carrier Disappears off Uruguay
The National Navy of Uruguay says an oil slick was found 3,700 km off the country's coast

Apr 04 - Cyclone a Distraction for Aurizon Management
(Dow Jones)
Aurizon's top ranks will be focused on the cleanup and repairs of infrastructure following the mess made last week by Cyclone Debbie. Credit Suisse says the storm could delay management's work on cost-cutting and reviewing the firm's freight business. The investment bank estimates the storm's financial impact to be A$100 million ($76 million) for the rail operator, although it thinks some A$80 million of that will be linked to the Network business and be recoverable under regulated price increases in the years ahead. Still, Credit Suisse trims its price target 2% to A$4.90 and cautions there could be more bad news to come, with a major flood warning issued for a basin that affects Aurizon's Blackwater, Moura and freight lines. Shares fall 1.5% to A$5.12.

Mar 31 - Maritime Leaders Urge Shipping Industry to Prepare Now for Future Challenges, Regulation Changes
Singapore MPA Assistant CEO of Development Tan Beng Tee says the advent of digitalisation will "disrupt the way you do business."

Mar 31 - Crude Prices Continue to Rise as Several Nations Back an Extension to Oil Output Cuts
Bunker prices have also bounced, after starting the week with Ship & Bunker's Global 20 Ports Average price for IFO380 at a 2017 low.

Mar 30 - China to raise coal stocks at major port ahead of railway maintenance

China Railway Corp will increase volumes of coal carried by railway to the Qinhuangdao port and ramp up port stocks ahead of the annual maintenance of a major railway line, the company said. Maintenance of the Datong to Qinhuangdao railway line, which starts in April, adds more concerns of tightening coal supply this year, as prices hit a new record on March 23. Click here to read full stories.

Mar 30 - Australian group lines up China backing for new iron ore rail, port

China State Construction Engineering Corp Ltd  has tentatively agreed to build a new port and rail line for a yet-to-be-approved iron ore mine in Western Australia, according to a memorandum of understanding with privately-owned New Zealand firm BBI Group. The MOU, tied to a A$6 billion ($4.6 billion) mine, rail and port project, was signed on Friday in a ceremony attended by Chinese Premier Li Keqiang and Australian Prime Minister Malcolm Turnbull, BBI Group said in statement. Click here to read full stories.

Mar 30 - Decline of ancient trade route deepens Yemeni food crisis 

Captains of small wooden dhows are carrying food and wares from the United Arab Emirates to war-torn Yemen. But supplies are falling even from this centuries-old Arabian sea route that is one of the last lifelines to a country on the brink of famine. A two-year-old civil war has severely restricted the flow of food into the main Yemeni cargo ports of Hodeidah and Salif on the Red Sea, where all the large grain silos are located. Click here to read full stories.

Mar 30 - Asia's coal markets tighten on Indonesia port probe, Australian cyclone

Port disruptions in Indonesia and a cyclone hitting mines in Australia have tightened Asia's coal markets in March, while demand in China and other key import markets remains strong, lifting prices. Prompt thermal coal cargo prices for export from Australia's Newcastle port have risen by more than 11 percent since March 10, partly reversing a steep decline since last November. Click here to read full stories.

Mar 30 - Malaysia inspects North Korean coal ship for possible U.N. sanctions breach

Malaysia briefly prevented a North Korean ship carrying coal from entering its port in Penang because of a suspected breach of United Nations sanctions, a port worker and Malaysian maritime officials told Reuters on Wednesday. The KUM YA, was carrying 6,300 metric tonnes of anthracite coal, according to a worker at Penang Port who spoke to Reuters on condition of anonymity. It was later allowed to dock, where an inspection team accompanied by an armed escort boarded the ship. Click here to read full stories.

Mar 30 - Philippines allows suspended miners to ship out nickel ore after clampdown

The Philippines' environment ministry has allowed eight suspended nickel ore miners to ship out stockpiles of mined ore, sources told Reuters, temporarily boosting supply from the world's top exporter of the raw metal after a major crackdown. More than half of all mines in the Philippines have been ordered to permanently shut to protect watersheds in an eight-month campaign led by Environment and Natural Resources Secretary Regina Lopez. Click here to read full stories.

Mar 30 - Arrested Suezmax Tanker Put up for Auction in Singapore
The 1997-built Ambassador was arrested on January 19, 2017 following action by Gurbani & Co LLC.

Mar 30 - Recalcitrant OPEC Members Pitch in To Up Oil Production Curbs, But Nigerian Exports Set to Rise in May
It also remains unclear whether the OPEC cutbacks will extend to the end of the year.

Mar 30 - Salvage Industry Not Ready for LNG-Fuelled Ship Casualty, Says Expert
Sylvia Tervoort, Salvage Master at SMIT Salvage, says a LNG-fuelled ship could only be salvaged if it is dry and intact.

Mar 29 - Oil Will Likely Hit the $60s this Year - But Not Before More Short-Term Pain: Analysts
Barclays even suggests that supply and demand is now balanced.

Mar 29 - MOL Takes Delivery of LNG-Ready Behemoth Box Ship
The MOL Triumph is said to be the world's largest container ship.

Mar 29 - Maersk Line and AkzoNobel Partner for Carbon Emission Reductions
AkzoNobel and Maersk Line have signed a strategic sustainability partnership to reduce carbon emissions per container shipped by 10 percent.

Mar 28 - Know Your Counterparty: Bunkernet
Ship & Bunker talks to Nicholas Argyrou, Bunkernet's General Manager, as the company celebrates 10 years in the industry.

Mar 28 - OPEC Statement on Cutback Extension Frustrates Analysts, Causes Further Market Declines
More price drops are anticipated by experts.

Mar 27 - Non-OPEC Cutback Participant Russia Sees Oil at $40/bbl Heading into 2018

But an extension of the output reduction deal may still be part of the country's plans.

Mar 27 - Rotterdam Investigates Bio LNG, Which Compared to Regular LNG "Allows Users to Drastically Reduce CO2 Emission Levels"
"The emitted CO2 is part of a so-called short cycle: CO2 emissions are actually neutralised by the associated CO2 uptake," says the Port Authority.

Mar 24 - Global container volumes recover in 2nd half of 2016 (AlphaLiner)
- Global container volumes grew by an estimated 1.8% in 2016, up from 1.4% in the year 2015. Following a tepid first six months of 2016, port throughput eventually growth rebounded in the second half of the year.
- Particularly the fourth quarter of 2016 saw volume growth soar to 4.0%, compared to a negative growth of –0.6% in the first quarter, based on Alphaliner’s sample of quarterly data collected for the 30 largest container ports in the world.  
Preliminary 2016 throughput data for the Top 100 container ports is in line with global growth estimates, with aggregate volumes at these ports growing by 1.8% last year to reach 555.6 Mteu.  
- Last year’s stronger volume growth was led by several ports that reported double digit gains, including Port Kelang (10.8%), Colombo (10.6%), Manila (11.3%), Piraeus (10.4%*), Mundra (18.7%*), Salalah (29.4%), Inchon (12.6%), Fuzhou (10.0%*), Chittagong (15.9%), Barcelona (14.5%), Bandar Abbas (23.6%) and Cai Mep (35.3%).
- However, these gains were mitigated by volume losses at Dubai (-5.2%), Tanjung Pelepas (-9.2%), Jakarta (-6.5%), Felixstowe (-8.5%*), Santos (-5.7%), Port Said (-11.9%*), Balboa (-8.0%), Ambarli (-9.2%), Durban (-5.4%), Cartagena (10.6%*), Manzanillo (Pan) (-7.3%), Dammam (-9.6%) and Zeebrugge (-10.8%).
(* indicates preliminary estimates)

Mar 24 - Houlder Announces New "Jettyless" LNG Ship to Shore Bunkering Solution
Houlder developed the new small to mid-scale LNG distribution infrastructure with Wärtsilä and Trelleborg.

Mar 23 - S.Korea's Daewoo Shipbuilding to get fresh $2.6 bln bailout

South Korean state banks are preparing a fresh $2.6 billion bailout for floundering Daewoo Shipbuilding & Marine Engineering Co Ltd, which has built up huge losses from offshore projects and risks missing debt repayments. Daewoo, Hyundai Heavy Industries  and Samsung Heavy Industries are South Korea's top shipbuilders - a massive economic force and a source of national pride. But they slipped into the red in 2015 amid a commodities downturn and bleak trade volumes, prompting cost cuts and asset sales. Click here to read full stories.

Mar 23 - Australia's Pilbara Ports closes Dampier due to weather

Pilbara Ports Authority, which operates Australia's largest iron ore export terminal, on Wednesday said it had closed its Dampier port due to bad weather, but the main port of Hedland remained open. The authority said it had activated a cyclone response procedure due to a weak tropical low developing north of Pilbara. All vessels would be cleared from its Dampier port, while Port Hedland and Ashburn remained open for now. Click here to read full stories.

Mar 23 - Indonesia port graft investigation disrupting coal shipments 

Indonesia is cracking down on corruption and widespread graft at some of its top coal export hubs, disrupting shipments to destinations across Asia. Indonesia is the world's top exporter of thermal coal, still the main feedstock for global power generation. Interruptions to coal's output and shipment can impact seaborne prices of the fuel as well as wholesale electricity markets. Click here to read full stories.

Mar 23 - German companies interested in train crossing South America - officials

 Dozens of German companies attended meetings in Bolivia this week to discuss building a coast-to-coast railway through Brazil, Bolivia and Peru that could speed up the export of corn and soybeans to Asia, German and Bolivian officials said on Wednesday. The massive, $10 billion project would involve building a 3,700-kilometer (2,299-miles) rail line across the continent, linking the Atlantic and Pacific oceans, through mountains and jungles. Click here to read full stories.

Mar 23 - At least 10 North Korean ships stranded after China coal ban -report

At least ten North Korean ships have arrived at a Chinese port after being stranded for the past three weeks following the top global coal consumer's ban on imports of the fuel from its isolated neighbour, a report said on Friday. Six North Korean merchant vessels, including Sai Nal 3 and Jin Hung, entered the port of Longkou in China's eastern Shandong province as of Thursday, South Korean news agency Yonhap reported on Friday, citing a Voice of America report. Click here to read full stories.

Mar 23 - Workers at Argentina's agricultural ports hub announce strike 

Workers at Argentina's biggest agricultural port hub, Rosario, have voted to hold a 24-hour strike on March 30 to demand better wages and an end to dismissals, a union leader said Saturday. The stoppage will likely affect the shipment of grains and their by-products from global food supplier Argentina, where companies such as Cargill, Bunge and Louis Dreyfus have their own terminals. Click here to read full stories.

Mar 23 - Fleet of LNG-Fuelled Vessels Hits 200
The 200 mark is reported to have been reached on March 20, when Russia's SCF ordered four 114,000 DWT LNG-powered newbuildings.

Mar 23 - Biggest-Ever Rise in Mega Production Projects Spells Disaster for Efficacy of OPEC Cutbacks
An anticipated 1 million extra barrels per day may flood the world market by 2018.

Mar 22 - P&I Club Warns Vessel Operators to Use Soundings Alongside Singapore MFM Regs
North of England P&I warns it is possible that some quantity of bunkers could be syphoned back into bunker vessel tanks during the process of bunkering.

Mar 22 - US Crude Nears 4 Month Low as Experts Say Prospects of OPEC Extending Production Cuts are Remote at Best
One analysts thinks the crude market will remain at $55 in the New Year.

Mar 22 - ISO 8217:2017 - 6th Edition of the Specifications of Marine Fuels Has Been Published
The Convenor has advised that several changes have been introduced.

Mar 21 - "Ingenious" Americans Will Keep Oil at $50; But Stability is More Important, says SABIC
Either way, nobody sees a price breakout anytime soon.

Mar 21 - OPEC Admits That Cutback Extension is Required, but Market Expresses Non-Faith in the Cartel
A decrease in long positions last week sets a record.

Mar 21 - Fuel Treatment Firm Aderco Launches Singapore Office
The new location is intended to serve as a "mission-critical hub" and boost the company's expansion in the region.

Mar 20 - Illegal Oily Waste Dumping from Tanker Linked to Fujairah Coast Line Pollution
The oil pollution, which was reported last week, is said to have affected two kilometres of Fujairah's coastline.

Mar 20 - Peace Boat Shares Ecoship LNG Bunkering Plans
The organisation has already chosen six ports in which to carry out LNG bunkering and is looking at adding more.

Mar 20 - Workers at Argentina's agricultural ports hub announce 

Workers at Argentina's biggest agricultural port hub, Rosario, have voted to hold a 24-hour strike on March 30 to demand better wages and an end to dismissals, a union leader said Saturday. The stoppage will likely affect the shipment of grains and their by-products from global food supplier Argentina, where companies such as Cargill, Bunge and Louis Dreyfus  have their own terminals. Click here to read full stories.

Mar 17 - Clarence Chang Suspended From Glencore Following Bunker Bribe Charges Relating to Former BP Role: Sources
Glencore has confirmed to Ship & Bunker it is aware of the charges.

Mar 17 - Saudi Energy Boss Flips Flops Yet Again, Says Oil Fundamentals Have Improved
Market thinks otherwise and another day of losses is recorded.

Mar 17 - Stranded Bunker Dispute Vessel Released by Bombay High Court
Union Demeter was arrested in December in Haldia Port on the shipowner's outstanding bunker bills.

Mar 16 - Somali pirates hijack first commercial ship since 2012 

Pirates have hijacked an oil tanker with eight Sri Lankan crew on board, Somali authorities said on Tuesday, the first time a commercial ship has been seized in the region since 2012.Security forces have been sent to free the Aris 13, a regional police official said late on Tuesday."We are determined to rescue the ship and its crew. Our forces have set off to Alula. It is our duty to rescue ships hijacked by pirates and we shall rescue it," Abdirahman Mohamud Hassan, director general of Puntland’s marine police forces, told Reuters by phone. Click here to read full stories.

Mar 16 - Terminal gives timely boost to Brazil's soy, sugar shipping capacity 

A new terminal near completion in Latin America's largest port in Santos, Brazil, is expected to add an extra 20 percent to its grains and sugar capacity, boosting shipping services just as the country produces bumper crops.The 2.2 billion reais ($694 million) Tiplam terminal started operations at a new berth in January and will ramp-up loadings with a second berth at the end of March or early April for a total capacity of 5 million tonnes of grains and 4.5 million tonnes of sugar a year. Click here to read full stories.

Mar 16 - Iran's biggest cargo line looks at London IPO; thwarted so far -sources 

Iran's top cargo shipping company has held meetings in London to discuss a possible listing on the London Stock Exchange, but has so far been thwarted by U.S. sanctions that still scare banks off Iranian business, four Iranian and two Western sources said.Islamic Republic of Iran Shipping Lines (IRISL) was removed from international sanctions blacklists last year and after years of isolation aims to raise funds to modernise its fleet. It has already placed an order for new ships estimated to be worth $626 million. Click here to read full stories.

Mar 16 - N.Korean cargo ship sinks off China, all crew rescued 

A North Korean cargo vessel called Kum San sank off the east coast of China early on March 9 after colliding with a Chinese fuel tanker, which rescued 27 crew members, the Ministry of Transport said in a statement on Monday.The collision took place near the port of Lianyuanhang in Jiangsu province at 4 a.m., the government said in the statement. The boat sank by 6 a.m. This is the second reported sinking of a North Korea cargo ship since January. Click here to read full stories.

Mar 16 - Asia Europe capacity increases could trigger more rate turmoil (AlphaLiner)
- The Asia-Europe trade route might very well to see further rate turmoil this year, as carriers phase additional vessel capacity into the trade. From 1 April, the three new alliances (2M-HMM/HS, OCEAN and THE Alliance) will provide 17 weekly strings between Asia and North Europe, one more than currently offered by the four existing alliances (2M, G6, CKYE and O3).
- Total weekly capacity to North Europe will increase by 9.6%, compared to the services currently offered. The biggest increases are to come from the 2M, which will not only fully upgrade its existing loops to the 18,000-20,000 teu scale, but will also mount a sixth weekly string from April. The 2M carriers’ average capacity on the Asia-North Europe route will thus increase by some 20,000 teu per week, or 23%, from 83,500 teu to 103,000 teu.  
- The 2M’s capacity increase is partly motivated by the extra volumes to be brought by HMM and Hamburg Süd, who will take about 6,000 teu and 4,000 teu respectively of weekly slots on the alliance’s services from 1 April. These slots  account for 12% of the capacity increase, while Maersk and MSC will still see their net weekly capacity increase by some 11%.
- The two other new alliance groups - OCEAN and THE Alliance - will offer six and five weekly strings, respectively, with a combined weekly capacity of 155,000 teu. They will provide the same total number of weekly sailings as that offered currently by the G6 (four strings), CKYE (four strings) and O3 (three strings), while total weekly capacity is increased by about 13,000 teu, or 9% .

Mar 16 - More Good News/Bad News Oil Forecasts But the Upside is Still Only $60 Per Barrel
The negative camp insists there's way too much market optimism.

Mar 16 - Russia Warns of New Price War Due to U.S. Shale Gains as Kuwait Calls for Extension of OPEC Production Cuts
Increasingly, a one year cutback strategy is viewed as a solution to market woes.

Mar 16- New, safer U.S. rail cars gather dust even as ethanol trains grow longer

While crossing a small wooden bridge in northwestern Iowa last Thursday, 20 rail tank cars in a mile-long train transporting ethanol flew off the tracks, sending fireballs into the sky, while thousands of gallons of the biofuel leaked into the creek below. No one was injured, in part because the accident occurred in a sparsely populated area. A similar derailment in the more dense Lac-Mégantic, Quebec, Canada, in 2013 killed 47 people after a train carrying crude oil crashed and exploded. Click here to read full stories.

Mar 15 - A Top 10 Singapore Supplier Has Bunker Tankers Suspended Over Mass Flow Meter Irregularities
Five of the 11 tankers operated by Panoil Petroleum have been suspended due to "irregularities with the piping fixtures."

Mar 15 - Bunker Fuel Oil Sales in Russia Drop by 26% in 2016
The most striking decline in bunker fuel oil sales was in Russian Far East — by 40% to around 3.6 million t.

Mar 15 - Gibsons: No Surprise That Shipowners Are Using "Wait and See Approach" Before Choosing a 2020 Compliance Solution
Refiners, meanwhile, have the headache of deciding on whether to investment in upgrading operations, Gibsons notes.

Mar 15 - Terminal gives timely boost to Brazil's soy, sugar shipping capacity 

A new terminal near completion in Latin America's largest port in Santos, Brazil, is expected to add an extra 20 percent to its grains and sugar capacity, boosting shipping services just as the country produces bumper crops.The 2.2 billion reais ($694 million) Tiplam terminal started operations at a new berth in January and will ramp-up loadings with a second berth at the end of March or early April for a total capacity of 5 million tonnes of grains and 4.5 million tonnes of sugar a year. Click here to read full stories.

Mar 14 - OPEC Extension Could End Market Losses And Propel Oil to $60 Per Barrel: Analyst
Others warn of a return to oil in the $20s.


Mar 14 - Russia Warns of New Price War Due to U.S. Shale Gains as Kuwait Calls for Extension of OPEC Production Cuts
Increasingly, a one year cutback strategy is viewed as a solution to market woes.

Mar 14 - Singapore Breaks More Bunker Records: Posts Highest Ever February Sales Volume, YTD Sales Jump Up 8%
The foundations for a record 50+ million mt year have be laid.

Mar 13 - Emulsion Fuel Economics: Can Quadrise's MSAR Make Commercial Sense for Bunker Buyers and Suppliers?
"One of the inherent benefits of our technology is that it enables a refiner to sell more of their product at crude plus rather than crude minus," Chairman Mike Kirk tells Ship & Bunker.

Mar 13 - Quadrise: Maersk's Suspended MSAR Emulsion Fuel Trial Successful So Far, but Unlikely to Be Resumed Before Q4 2017
Following an unscheduled dry docking, the trial vessel is set to be redeployed and will no longer be able to bunker in Algeciras.

Mar 10 - IBM, Maersk in blockchain tie-up for shipping industry 

IBM IBM.N and Danish transport company Maersk said they were working together to digitize, manage, and track shipping transactions using blockchain technology.The technology, which powers the digital currency bitcoin, enables data sharing across a network of individual computers. It has gained worldwide popularity due to its usefulness in recording and keeping track of assets or transactions across all industries. Click here to read full stories.

Mar 10 - Brazil soy vessels lineup well below last year's despite record crop 

The amount of soybeans to be loaded at Brazilian ports in March and early April is down 40 percent from year-earlier levels, despite a record crop in the country, after hefty shipments earlier this year.Data from shipping agency Williams showed ships were assigned to load 6.26 million tonnes of soybeans at Brazilian ports, down from 10.6 million tonnes a year earlier. Click here to read full stories.

Mar 10 - Heavy rain cuts Port Hedland February iron ore exports to China 

Iron ore shipments to China from Australia's Port Hedland terminal, used by BHP Billiton and Fortescue Metals Group, fell 12 percent in February from the month before due to heavy rain, port data showed on Tuesday.Iron ore exports to China, the top destination from the port, dropped to 30.19 million tonnes in February from 34.49 million tonnes in January, Pilbara Ports Authority said on Tuesday. Click here to read full stories.

Mar 10 - Brazil dry weather frees soybean trucks stuck on key Amazon export route 

Dry weather improved conditions on a rugged Amazon road that serves as the key link between soy fields and northern ports, ending an immense backlog of trucks carrying the beans, the Army said Monday.Rains were heavier than normal for weeks, turning an unpaved section of the BR-163 highway into a swampy mess and leaving thousands of loaded trucks stranded in southern Para state. Click here to read full stories.

Mar 10 - Singapore: Former BP Bunker Boss Charged in $4 Million Bribery Scandal
Clarence Chang Peng Hong, BP's former eastern regional director for marine fuels, faces 47 charges.

Mar 10 - OPEC Won't Extend Oil Cutbacks Due to Shale Growth, but UAE Thinks Cutbacks Can Still Work If Everyone Complies
The UAE is one of several OPEC members currently overproducing under the cutbacks.

Mar 10 - US Crude Falls Under $50/bbl, Analysts See it Heading Lower
Kilduff reiterates that prices could hit $42 by the end of April and go lower after that.

Mar 09 - Curtains fall on Hanjin Shipping as last ship is sold (AlphaLiner)
- The name Hanjin will disappear from the annals of container shipping as the last vessel under carrier’s name, the 5,302 teu HANJIN ROME, was sold in a sheriff’s sale in Singapore on 1 March. The ship, which had been under arrest since 29 August, departed from Singapore on 2 March and is currently on its way to Chittagong for scrapping.
- All of the 97 containerships that were operated by Hanjin Shipping at the time of its filing for receivership on 31 August 2016, with an aggregate capacity of 617,000 teu, have now been sold, returned to their owners or recovered by creditors. This marks the end of Hanjin’s involvement in container shipping, after a 40 year history that begun in 1977.
- Over the course of a chequered career that mirrored the growth of Korea as a global manufacturing and shipbuilding powerhouse, Hanjin climbed to become the world’s third largest container carrier in 1997, following its acquisition of a controlling share in DSR-Senator. Hanjin remained a top 10 carrier for most of its history, although it dropped to position number nine in the global carrier rankings in 2016, in the face of cut-throat competition.
- Hanjin’s sudden departure has left a vacuum in the market and most of its ships were unable to find any gainful employment during the six months period that followed the cessation of regular liner operations. As at 7 March, 48 of the aforementioned 97 ships formerly operated by Hanjin, for a total capacity of 389,300 teu, remain idle.

Mar 09 - 2020 Sulfur Cap for Bunkers Could Be "Final Nail in the Coffin" for Asia Fuel Oil Trading: Analyst
Yaw Yan Chong, Director of Oil Research in Asia at Thomson Reuters, says fuel oil traders will have the task of learning to trade a different product come 2020.

Mar 09 - Crude Prices Plunge 5% as Rumoured OPEC/US Shale Talks Achieve Not "Much of a Consensus"
But the 5 percent drop is attributed mainly to ongoing U.S. shale builds.

Mar 09 - Mandatory MFM's Won't Change Singapore's Position as Top Bunker Port: Analyst

"The consensus among buyers is that even though cost is higher, they know they're getting secure supply," says Reuters' Yaw Yan Chong.

Mar 08 - Saudi Oil Minister Makes About Face, Now Says Oil Inventories Aren't Draining as Quickly as Thought
However, he still believes that up to 5 million bpd in growth from US shale would be acceptable.

Mar 07 - Iraq Set to Lead Massive OPEC Production Increase as Cartel's Secretary General Says 'So Far, so Good' on Oil Deal
Meanwhile, Kilduff doubts Russian cutback commitment or further Saudi participation.

Mar 07 - Market Headed for "Big Trouble" Due to Rising Shale and No Evidence of Positive Impact from OPEC Production Cuts
Investors indicate they believe oil is stuck at $55/bbl.

Mar 07 - Singapore's Sinanju Tankers Embarks on Complimentary Mass Flow Meter Familiarisation Program
Sinanju Tankers says some ship operators and crew are unfamiliar with the MFM bunkering equipment and procedures used in Singapore.

Mar 06 - Vitol to Buy Petrol Ofisi
For 2015 Petrol Ofisi was Turkey's second biggest bunker supplier by volume with 451,671 mt of product sold.

Mar 06 - Baltic Dry Index Breaks Above 900
Clawing back gains lost since January 20, the Baltic Dry Index gained 35 points Friday to reach 939.

Mar 03 - Saudi Arabia Continues to Slash Output, as Iran, Iraq, Angola and Other Players Mitigate Success of OPEC Cutback Initiative
A Forbes analyst suggests the Saudis have no other choice but to keep cutting in the future.

Mar 03 - Crude Prices Drop Over Russian Oil Output Cuts Stalling in Second Month of the OPEC Initiative
Plus, Russia's energy ministry seems cold on the idea of a cutback extension.

Mar 03 - Nigeria Acknowledges U.S. Shale's Growing Clout by Saying OPEC Needs to Lower Costs

Meanwhile, Shale stockpiles climb to record highs.

Mar 02 - Barge glut chokes U.S. shipping sector despite record harvest 

A glut of idled river barges is clogging Mississippi River shorelines from St. Louis to New Orleans, leaving U.S. barge companies that haul grain, coal and other bulk goods counting their losses. Even with record-large exports of corn and soybeans, typically a boon for shippers that haul grain to Gulf Coast export terminals, the collapse of coal shipments to the lowest levels in decades has left the dry bulk barge fleet chasing too little cargo. Click here to read full stories.

Mar 02 - Sulphur cap could cost shippers an extra $60 bln a year from 2020-research

Global bunker fuel costs could rise by up to $60 billion a year from 2020 when a sulphur emissions cap on bunker fuels starts, research by consultancy Wood Mackenzie said on Tuesday. The shipping industry is one of the world's largest sulphur emitters, with sulphuroxide content in heavy fuel oil up to 3,500 times higher than European diesel standards for vehicles. Click here to read full stories.

Mar 02 - Hapag-Lloyd 2016 profit drops on falling freight rates

German container shipping firm Hapag-Lloyd on Tuesday reported a 66 percent year-on-year fall in operating profit for 2016, blaming mainly significantly lower freight rates. Operating profit came to 126 million euros ($133.5 million), while earnings before interest, tax, depreciation and amortisation (EBITDA) were down 27 percent at 607 million, it said in a statement. Click here to read full stories.

Mar 02 - Brexit prompts ship insurers to look at Luxembourg, Cyprus bases

U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU's financial market, industry sources involved say. Britain dominates the global marine insurance market and losing access to specialist Protection and Indemnity (P&I) clubs - marine insurers owned by shipping firms - could further weaken other parts of its multi-billion pound shipping services sector. Several Greek shipowners have already moved operations out of Britain anticipating changes that could remove their favourable "non-domicile" tax status. Click here to read full stories.

Mar 02 - New 2017 Alliance networks take shape - with capacity increases on key routes (AlphaLiner)
  With only one month to go before the launch of brand new networks for the main carriers on the key East-West container routes (from 1 April 2017), full service schedules and vessel deployment details remain incomplete. However, preliminary data collected by Alphaliner shows capacity additions across the board on the main Asia-Europe and Asia-North America routes.
  Capacity gaps resulting from the departure of Hanjin Shipping in September last year will be fully compensated by the new services, with all of the main trades showing capacity increases based on a comparison of total planned capacity in June this year compared to a year ago.
  The most hotly contested route will be the Asia-West Coast North America trade where six independent carriers will be competing against the three rival alliances. A total of 38 weekly services connecting Asia to WCNA are planned, similar to last year, but with total weekly capacity expected to increase by 4.9% year-on-year due to the deployment of larger ships on some of the new services.
  The independent carriers’ share on the Asia-WCNA route is expected to reach 17% with eight weekly services offered including three by HMM, two loops jointly operated by PIL and Wan Hai (together with COSCO) as well as three single loops offered each by Matson, SM Line and Zim. Freight rates on this route could come under significant downward pressure in the next two months as carriers jostle for market share.

Mar 02 - Glander International Bunkering Highlights New Sales Manager Appointment in Geneva
"The role of Sales Manager is a new addition to the office," says GIB.

Mar 02 - Saudi's Oil Exports Slide, Unable to Regain Pricing Power in Asia
This plus OPEC losing market share in Asia cause analysts to wonder if the cutback agreement will be extended.

Mar 02 - Marshall Islands Issues Low Sulfur MGO Fuel Testing Guidance
"Testing for LSMGO compliance is becoming increasingly prevalent in ECA in both the U.S. and EU," notes the RMI Maritime Administrator.

Mar 01 - OPEC Oil Cutback Compliance Rises to 94% But Has Little Effect on Prices
The market once again indicates it has a high level of production cuts priced in.

Mar 01 - Gulf Petrochem Hires New Rotterdam-Based Trader, Eyes Growth for Physical Business

Gulf Petrochem is looking to expand its barge fleet in Europe, add a new physical area, and add another trading office in Europe, all in 2017.

Feb 28 - MPA Grants Tankers Extension Approval Tests for Older MFM Systems
MPA, along with TR48 technical experts, have developed an extension approval test to validate certain MFM systems as an alternative to recalibration.

Feb 28 - Carnival Marks Completion of Scrubber Installation on 60 Vessels
Carnival says the installation schedule for remaining vessels will be forthcoming.

Feb 28 - Continued OPEC Rhetoric Unable to Positively Impact an Oil Market Pummeled by Rising US Production
One analyst suggests market speculators are setting themselves up for a massive disappointment.

Feb 27 - More Predictions of Oil Range Bound at $50-60, With Resurfacing Fears of a Slide to the $30s
Much of the fear is due to U.S. shale and the possible expiration of the OPEC cutback agreement in the spring.

Feb 27 - Record Rising U.S. Oil production Will Continue to Offset OPEC Cutbacks
Analysts portray the situation as a looming "tug of war" between the cartel and the U.S.

Feb 27 - Ambitious CO2 Reduction Objectives Will Only Be Achievable With Alternative Marine Fuels Which Do Not Yet Exist: ICS
ICS says widespread availability of alternative bunkers such as hydrogen or fuel cells is not expected "for at least another 20 or 30 years."

Feb 24 - Non-OPEC Oil Cutback Compliance "at Least 60%", While US Exports Continue at Record Highs
One analysts says OPEC "have to be concerned with U.S. oil producers eating into their market share."

Feb 24 - Barge glut chokes U.S. shipping sector despite record harvest

A glut of idled river barges is clogging Mississippi River shorelines from St. Louis to New Orleans, leaving U.S. barge companies that haul grain, coal and other bulk goods counting their losses. Even with record-large exports of corn and soybeans, typically a boon for shippers that haul grain to Gulf Coast export terminals, the collapse of coal shipments to the lowest levels in decades has left the dry bulk barge fleet chasing too little cargo. Click here to read full stories.

Feb 23 - Mississippi ports eye Cuba, sign agreements in Havana 

The Mississippi ports of Pascagoula and Gulfport signed agreements in Cuba on Monday with an eye to future business and with a Republican U.S. senator from the state looking on, despite concerns President Donald Trump might backtrack on improved relations. Senator Thad Cochran is the only Republican among five U.S. senators and a U.S. representative on a three-day visit to the Communist-run Caribbean island to discuss relations and explore business opportunities. Click here to read full stories.

Feb 23 - Egypt's Suez Canal revenues fall to $395.2 million in January - website 

Egypt's Suez Canal revenues fell to $395.2 million in January from $414.4 million the previous month, according to a government information website. The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency. Egypt has been struggling to revive its economy since a 2011 uprising scared away tourists and foreign investors, key earners of hard currency. Click here to read full stories.

Feb 23 - Spanish dockers call nine-day strike over non-union labour 

Spanish dock workers have called nine days of strikes to protest government plans to allow ports to hire non-unionised labour, El Pais newspaper reported on Tuesday, threatening to disrupt trade for up to three weeks from March 6. Dockers last week called off a planned three-day strike after the government said it would put its reforms on hold and open talks, but the decision to push ahead with a bigger strike came after the government signalled it would not change parts of the plan, El Pais said, citing the CETM union. Click here to read full stories.

Feb 23 - Are Compliance Officers the Next "Must Have" for the Bunker Industry?
"What we are seeing from bunker buyers is they want to make sure they are dealing with a compliant counterparty," Monjasa's Thorstein Andreasen tells Ship & Bunker


Feb 22 -  OPEC: Anything Less Than 100 Percent Compliance in Oil Cutback Deal Is Not Satisfactory
But the key question is how long the deal will be in place, with ABN Amro Bank warning a failure to extend it could send oil back into the $30's.

Feb 22 - Hanjin bankruptcy leaves behind massive debt trail (AlphaLiner)
- Hanjin Shipping’s 40-year history came to an end on 17 February 2017 when the company was officially declared bankrupt by the Seoul Central District Court. A bankruptcy trustee has been appointed to lead the sale of Hanjin's remaining assets to pay off debts, with creditors required to file their claims by 1 May. However, the rate of recovery for unsecured creditors is expected to be close to zero, sine most of Hanjin Shipping’s unencumbered assets are being sold at very low prices.
- According to Hanjin’s last published financial report as at 30 September 2016, total liabilities stood at KRW 6.697 Tn ($6.06 Bn), including borrowings of KRW 4.567 Tn ($4.13 Bn) and trade payables of KRW 2.029 Tn ($1.83 Bn).  
- The company’s total assets were valued at KRW 4.343 Tn ($3.93 Bn) while shareholder’s equity showed a deficit of –KRW 2.354 Tn ($2.13 Bn). Although accounting firm Samil PwC submitted an estimated liquidation value for Hanjin Shipping of about KRW 1.79 Tn ($1.53 Bn) in December last year, the reported asset sales so far have garnered only $157 M, excluding the sale of vessels that have been seized by creditors.

Feb 21 - The Future Now After OW: Assuring "Anni Mirabilis" With Lessons from "Anni Horribilis"
Spiked by OW Bunkers' collapse, the bunkers industry has, since the end of 2014 and into 2015 and 2016, had not just one "annus horribilis," but "anni horribilis," horrible years.

Feb 21 - Bankrupt Owner's Cargo Vessel Detained, 23 Crew Stranded Over Unpaid Bunker Bills
The cargo ship Union Demeter has been detained in Haldia Port since December on outstanding bunker bills.

Feb 20 - Oil Glut and U.S. Shale Worries Cause Market Losses For The Week

Uncertainty over whether OPEC will extend its cutbacks is also weighing heavily on the market.

Feb 20 - Bunker Jobs: Singapore Bunker Trader Opportunity with Major Oil Business
A leading physical supplier of bunker fuel in Singapore and other ports are looking to hire a Bunker Trader to join their Singapore team.

Feb 20 - Saudis Lose South Korea Oil Market Share to Iran as Iraq Accelerates Its Own Export Plans
Iran was the only Middle Eastern producer to see exports rise last month as others complied with the OPEC cutbacks.

Feb 20 - "Interest in LNG as a Marine Fuel Is Growing" Following IMO Sulfur Cap Decision, Says Supplier

"Our decision to enter the LNG bunkering market is part of a long-term strategy," says EVOL LNG's Nick Rea.

Feb 17 - Singapore Is a Good Bunker Market to Be in for the Right Players: Cosulich
While coming into the Singapore market would be "very difficult," for those already invested in know how and the right people, "it makes sense to be here," Fratelli Cosulich CEO Timothy Cosulich tells Ship & Bunker.

Feb 17 - Bunker Brokerage LQM Diversifies Into Bunker Trading

"This is a natural evolution for LQM as we respond to the needs of our customers and the realities of today's bunker market," CEO Marisa Femenia tells Ship & Bunker.

Feb 17 - Hanjin Shipping Succumbs to Bankruptcy Declaration
The company was officially declared bankrupt by a South Korean court today.

Feb 17 - OPEC Goal Is Self-Protection, Not Re-Balancing or $70 Oil: Analyst
Richard Gorry doesn't expect a "true" re-balance to come until "much much later" than this year.

Feb 17 - Argentina's rising grains production strands vessels in river traffic

When a boat carrying soy oil destined for India ran aground on the Parana River near Buenos Aires in late January, ships loaded with most of Argentina's grains exports were blocked for hours. It was the latest accident on one of the world's great food highways, which is straining to carry rising volumes of Argentine agricultural products embarking on the first leg of the journey from the fields of the Pampas to the feeding troughs of cattle, pigs and chickens worldwide. Click here to read full stories.

Feb 17 - Snow, avalanches, rain delay grain movement to U.S. ports

Severe winter weather has slowed rail deliveries of crops to shippers in the U.S. Pacific Northwest, sending freight rates soaring and prompting Asian buyers to seek fill-in loads as they wait for the backlog at ports to clear. Blizzards, avalanches and heavy rain in recent weeks have hit transport of corn, soy and wheat to ports where they head for the lucrative Asian market, adding to the struggles that have plagued U.S. exporters since harvest. Click here to read full stories.

Feb 17 - China "Silk Road" project in Sri Lanka delayed as Beijing toughens stance

China will delay a planned $1.1 billion investment in a port on its modern-day "Silk Road" until Sri Lanka clears legal and political obstacles to a related project, sources familiar with the talks said, piling more pressure on the island nation. Heavily indebted Sri Lanka needs the money, but payment for China's interests in Hambantota port could be held up by several weeks or months, the sources added. Click here to read full stories.

Feb 17 - Shipping industry calls for exemption from EU carbon market reform

The global shipping industry has urged the European Union to drop the sector's inclusion in proposals adopted on Wednesday to reform the bloc's carbon market, saying it risks distorting trade and international efforts to cut the sector's emissions. About 90 percent of world trade is transported by sea, with shipping accounting for an estimated 2.2 percent of global carbon dioxide (CO2) emissions and forecast to rise dramatically unless action is taken. Click here to read full stories.

Feb 17 - Singapore marine fuel sales at record high in January

Sales volumes of marine fuels in Singapore surged to a record 4.46 million tonnes in January, the highest in any month since records began, easing concerns that mass flow meters (MFM) could negatively impact bunkering activity, official data showed. "The (January) numbers imply that ship-owners and operators are even more confident to take bunkers in Singapore now that all deliveries are made using MFM barges," a Singapore-based bunker fuels trader in Singapore said. Click here to read full stories.

Feb 17 - Tangshan Port shares soar on proposed coal clampdown on rival 

Shares of Tangshan Port Group Co Ltd soared 7 percent on Tuesday, to post their biggest daily percentage gain in nine months, as investors bet the small port would benefit from a major clampdown on coal transportation at its larger rival. Shares in the Hebei-based company trading on Shanghai stock exchange jumped to 4.6 yuan ($0.67), their highest since Nov. 15, on Tuesday before ending the session at 4.52 yuan. Click here to read full stories.

Feb 16 - Bunker Brokerage LQM Diversifies Into Bunker Trading
"This is a natural evolution for LQM as we respond to the needs of our customers and the realities of today's bunker market," CEO Marisa Femenia tells Ship & Bunker.

Feb 16 - Djibouti at a Key Point in Its Development as a Regional Bunkering Centre: Port Authority
"The new LNG and oil terminals being built will further cement the nation's role as a major refuelling, bunkering, and transhipment centre," says DPFZA Chairman.


Feb 16 - Carriers pin hope for earnings rebound on more balanced demand and supply outlook (AlphaLiner)
- Maersk Line expects its net earnings to rebound by over $1 Bn from an underlying loss of -$384 M in 2016 to a net profit in 2017. The improvement is based on Maersk’s assessment of a recovery in seaborne container transportation that is expected to increase by 2 to 4%. - Maersk saw an encouraging growth of 4% in global container demand in the fourth quarter of 2016 and it increased own liftings by 12%, in line with its strategy to gain market share. According to Maersk, the container market has seen an inflection point in the late 2016, with demand rising above demand during the fourth quarter, marking the start of a period strengthening earnings for carriers.
- Maersk’s optimistic assessment contrasts with the tentative forecasts by other industry players. Hutchison Ports cautioned that container volume growth in 2017 remains uncertain due to the ’policy stance of the new US administration’ and the ’continued weak consumer sentiment and high unemployment rate’ in Europe that could hinder the pickup of the European trade.  
- Apart from the uncertainty over demand growth, competition among carriers remains intense, ahead of the new Transpacific service contract season, starting on 1 May. Various carriers plan to launch new transpacific services in the next two months, while the 2M will also launch a new high capacity Far EastNorth Europe string in April (see pages 7-9 for details). MOL cautioned that it anticipates freight rates to decline in March and the carrier adjusted earnings projections downward for its fiscal year forecasts through March 2017.

Feb 15 -"Rampant Demand Growth" Helping Prop Up Oil Prices: Energy Aspects
But there are still challenges in the medium term, say other analysts.

Feb 15 - World Fuel Services Posts Full Year 2016 Bunker Volumes of 31.4 Million MT
CFO Ira M. Birns says restructuring efforts within its marine segment are now "95 percent complete."

Feb 14 - "Exciting Times" Ahead for OceanConnect Marine in 2017: Rose
"We can look forward to bringing in some key commercial people over the next 12 months," Chief Commercial Officer Daniel Rose tells Ship & Bunker.

Feb 14 - Baltic Dry Index Falls Below 700 Mark as Index Cool Down Continues

The Baltic Dry Index lost 14 points to land at 688 on Monday.

Feb 14 - 2016 Marks New High for Vessel Traffic in Malacca and Singapore Straits
Traffic reached an all time high of 83,740 transits, marking a 3.4 percent increase.

Feb 13 - Scrubbers Will Only Get More Expensive, Not Cheaper, As 2020 Draws Closer
Shipowners waiting for scrubber prices to fall "will be surprised to find the total opposite when they eventually buy the systems," CROE COO Nick Confuorto tells Ship & Bunker.

Feb 13 - "OPEC Oil Cuts Are Holding, But The Demand is Not There": Analyst
"If [oil] trips to $50 a barrel stops, I think it could really tumble very quickly," says BK Asset Management.

Feb 13 - Longevity of OPEC Deal Questioned as Venezuela Woes Worsen
The cartel and its members are falling under increasing scrutiny from the analytical and business worlds.

Feb 13 - Carnival's US LNG Bunkering Needs Still Under Assessment
Tom Strang, senior vice-president maritime affairs at Carnival, says a number of LNG suppliers have been "coming to the table."

Feb 10 - Sing Fuels Starts Cambodian Bunkering Operations in Anticipation of Traffic from Singapore Bypassing Kra Canal
Sing Fuels will offer 180 CST via truck to ship deliveries, as well as low sulfur MGO of a maximum 0.05 percent sulfur at the Cambodian port of Sihanoukville.

Feb 10 - MFM for Bunkering; EU MID and Singapore TR48: The Facts
Emerson was heavily involved from the beginning with the introduction of MFM in bunkering applications in Europe and later in Singapore.

Feb 09 - Spanish docker strike seen disrupting key export chains 

Key export chains in Spain could face major disruption if a long-running dispute between the government and the country's dock workers extends beyond a planned three-day strike next week, industry sources warned on Thursday. The standstill will take place every other hour on Feb. 20, 22 and 24 at dozens of Spanish ports which employ more than 6,000 stevedores and handle an estimated 500 million tonnes of merchandise a year. Click here to read full stories.

Feb 09 - Port Hedland says weather cuts Jan China iron ore exports

Shipping interruptions caused by stormy weather cut iron ore shipments to China from Australia's Port Hedland terminal in January by 7.8 percent from a month ago, port authorities said on Monday. The port, used by BHP Billiton and Fortescue Metals Group, saw exports to China slip to 34.5 million tonnes from 37.4 million tonnes in December, after a tropical low swept across the Pilbara iron ore district on Jan. 27, triggering an emergency clearing of vessels for just under 18 hours.  Click here to read full stories.

Feb 09 - Hamburg dredging plan for Elbe can proceed, court rules 

Dredging the river Elbe in Hamburg to enable new generations of container ships to reach Germany's largest port can go ahead, the country's top administrative court ruled on Thursday. Green pressure groups had lodged a legal complaint against the plan, arguing the environmental impact of dumping mud and sand on fragile coastal wetlands would be devastating. Click here to read full stories.

Feb 09 - Chaos at Indonesian ports disrupts coal shipping

Road blockages and bad weather in Kalimantan on the Indonesian side of Borneo island are being blamed for a disruption of coal supplies from one of the world's most important export regions. Coal traders and ship operators cited several reasons for the loading delays. Click here to read full stories.

Feb 09 - French wheat, barley exports pick up in December

French exports of wheat and barley picked up in December, supported by shipments to North Africa and the Middle East, although total exports so far this season remained well below the year-earlier level, customs data showed on Tuesday. France has been trying to hold on to export sales this season following its worst wheat harvest in three decades, which could see it overtaken by Romania and Germany as the top EU supplier to the world market. Click here to read full stories.

Feb 09 -Brazil wheat hits export markets after large crop - port data 

Brazil, traditionally one of the world's largest wheat importers, has exported several shipments of the grain recently as a large domestic crop and a government subsidy make the exports competitive abroad, according to data from ports. Brazil exported 338,000 tonnes of wheat in December and January and is expected to ship 244,000 tonnes more during February, according to shipping agency Wilson Sons. China, South Korea and Vietnam are among the main destinations of the grain. Click here to read full stories.

Feb 09 - Shell Inks Another LNG Bunker Supply Deal
"This agreement shows the continued momentum of LNG as a fuel option," said Lauran Wetemans, Shell's General Manager Downstream LNG.

Feb 09 - Statoil Drops Long Term Oil Forecast to $75 Per Barrel
BP meanwhile says oil will stay in the $50s for 2017 - which is a boon to Qatar.

Feb 09 - We Need a Constitution of the Bunker Industry, Says Muhtaroglu
The Industry needs a Code of Ethics that should be part of all bunker sales Terms and Conditions, the Energy Petrol founder tells Ship & Bunker.

Feb 09 - Oil Stuck at $30-$60 Is in Line With Long Term Historical Average: Morgan Stanley
Ruchir Sharma also says that Trump's border-adjusted corporate tax could significantly impact market internals.

Feb 09 - OPEC Does About Face, Suggests Further Oil Cuts Might be Needed
The suggestion was made by Qatar and Iran, the latter of which has exceeded its deemed OPEC production ceiling.

Feb 09 - WSS Urges Ship Operators to Utilise Onboard Bunker Testing
WWS says that while onboard fuel testing provides an obvious solution to fuel quality issues, statistics show that such processes are underutilised.

Feb 09 - HMM Set to Post Losses Through to Mid-2018 While Financial Situation Improves
HMM says it plans to order newbuild vessels to meet new emission regulations once it achieves a turn around to profit.


Feb 09 - A.P. Moller-Maersk halves dividend to weather shipping crisis 

Danish shipping and oil group A.P. Moller-Maersk plunged to an unexpected loss last year, hit by impairments and a weak performance in container shipping, and halved its dividend to try to protect its credit rating. However, the world's biggest container shipping company said on Wednesday it saw signs of improvement in an industry that has suffered for years from a glut of vessels and sluggish global trade, with freight rates rising and business picking up. Click here to read full stories.

Feb 09 - Volume recovery in Far East-Europe and Transpacific trade (AlphaLiner)
- Container volumes on the headhaul Far East-Europe and Far East-North America tradelanes recorded a mild recovery in 2016, based on latest statistics from CTS and PIERS.
- According to CTS data, the Far East-Europe trade reached 15.08 Mteu in 2016, for an increase of 1.2%. This follows a contraction of –3.1% on the trade recorded in 2015, caused mainly by a reduction in Russian demand. More stable volumes to Russia in 2016 have helped to stem the fall in total volumes to Northern Europe (+0.8%), while strong growth in the West Med (3.9%) also helped mitigate flat volume growth in the East Med (+0.2%).
Overall Far East-Europe volumes remain below the peak of 2014, when  a total of 15.39 Mteu was recorded, with Russian volumes still significantly below 2014 levels.  
- The Far East-US trade recorded a stronger 4.3% growth to reach an all-time high of 14.21 Mteu in 2016, based on data provided by PIERS. This marked the seventh consecutive year of positive volume growth on the Transpacific trade.
- Volume growth to the US West Coast and US East Coast was almost equally matched at 3.4% and 3.3%, respectively, with the opening of the new Panama Canal locks in June last year making no significant difference to the cargo split between the US West Coast and East Coast. However, volumes to the US Gulf recorded a 26.6% growth rate, thanks to the introduction of a new Far East-US Gulf ‘TP-18/Lone Star Express’ service by the 2M partners in May last year.

Feb 08 - Hamburg Süd Signs Slot Purchase Agreement with Maersk Line Ahead of Acquisition
The new slot purchase agreement is said to be set to come into effect on April 1, 2017.

Feb 08 - Analysts in the Wake of Oil Falling Yet Again Say $35/bbl in the Near Future is Possible
Everything from huge inventories and weak demand to OPEC cutbacks faltering are cited as the reasons for the potential slide.

Feb 08 - U.S. Still Reluctant to Adopt LNG Bunkers: Industry Sources

U.S. shipowners and suppliers are said to be still weighing the risks and costs associated with developing the supporting LNG infrastructure.

Feb 08 - January Sees Panama Canal Break Monthly Tonnage Record Set in December

In January, the canal set a new monthly tonnage record of 36.1 million PC/UMS with the transit of 1,260 ships.

Feb 08 - Torvald Klaveness Newbuilds to Use ABB's OCTOPUS Software to Save Fuel, Meet Environmental Regs

OCTOPUS gathers information collected by onboard sensors to provide insight on key performance parameters, including fuel efficiency.

Feb 08 - MFM for Bunkering; EU MID and Singapore TR48: The Facts
Emerson was heavily involved from the beginning with the introduction of MFM in bunkering applications in Europe and later in Singapore.


Feb 07 - Vitol Warns of "Very Volatile" Oil Market, Sees Prices Capped at $62/bbl
U.S. president Trump again is cited as the key driver for the predicted tumult.

Feb 07 - Tumbling 2018 Oil Prices Part of a Good News/Bad News Forecast From Bank of America Merrill Lynch

U.S. president Donald Trump is cited as the instigator of a potentially rocky market ahead.

Feb 07 - "Shortest Traversable Period in Recent Years" for Bunker Saving Northern Sea Route

The short season comes despite sea ice in the Arctic Sea falling to a record smallest area during 2016.

Feb 07 - How Does a Bunker Saving Air Lubrication System Work? [VIDEO]
Silverstream have released a new animation demonstrating its air lubrication technology.

Feb 07 - Oil Rig Count Weighs on Crude Oil Prices

Bunker prices were softer in the primary ports.


Feb 06 - Oil Prices Reaching a Fair Level Due to OPEC Cutbacks: Russia
Further cutbacks from private producers may happen sooner than scheduled, says Russian energy minister.

Feb 06 - OPEC Oil Cuts "Encouraging" But Prices Won't Reach the Low to Mid $60s: IEA
Neil Atkinson says finding a sweet spot for prices is essential to cutback proponents

Feb 06 - Kogas Set to Provide KC-1 Containment System for Future LNG Bunkering Newbuild
The tender for the vessel project is said to have been expected to be announced late last year but was delayed so project details could be finalised.

Feb 06 - MPA Renews MOU with DNV GL for R&D and Innovation in Maritime Industry

The MoU extends the cooperation period by 3 years and expands the two parties' cooperation to include autonomous systems and intelligent shipping.

Feb 06 - Kaohsiung Launches Modernised Bunker-Saving Hybrid Electric Ferry

As a result of the retrofit, Ferry Happiness has halved its daily fuel consumption, and is expected to now save more than 25,000 litres of fuel each year.


Feb 06 - Port Hedland says weather cuts Jan China iron ore exports 

Shipping interruptions caused by stormy weather cut iron ore shipments to China from Australia's Port Hedland terminal in January by 7.8 percent from a month ago, port authorities said on Monday. The port, used by BHP Billiton and Fortescue Metals Group,  saw exports to China slip to 34.5 million tonnes from 37.4 million tonnes in December, after a tropical low swept across the Pilbara iron ore district on Jan. 27, triggering an emergency clearing of vessels for just under 18 hours. Click here to read full stories.

Feb 03 - This is Why the Bunker Industry Needs MFMs
MFMs are a way out of a cycle of claims, damaged relationships with ship owners, and an ever-diminishing opportunity to make money, writes Tolson.

Feb 03 - Latest OW Bunker Dispute Case Was Wrongly Decided: ING Lawyer
"There are three main points we disagree with as a matter of law," Bruce G. Paulsen tells Ship & Bunker.

Feb 03 - OPEC Oil Shipment Increases to Asia Raise Questions About Cartel's Ability to Reduce Glut
The cartel's supplies to Asia rose by 7 percent between November and January.

Feb 03 - Crude Falls Again Amid Suggestions That OPEC Cutback Deal Isn't Enough to Revive Market
The unexpected build in U.S. inventories is said to be the main trigger for Thursday's losses.

Feb 03 - Weekly Vessel Scrapping Report: 2017 Week 4

Have you sold bunkers to a recently scrapped vessel? Check here with VesselsValue.com's demolition sales from January 26 – February 1, 2017.

Feb 03 - Rotterdam to Visit Singapore as Port Mulls Mass Flow Meter Use for Bunkering
"Our plans regarding MFM's are still very preliminary," a spokesperson tells Ship & Bunker.

Feb 03 - Liquidation of Colombia Player Petrocosta Ordered, but Operations Under Bunker Partnership With Dan-Bunkering to Continue

Dan-Bunkering said it would continue to be "business as usual" for the physical supply partnership.

Feb 02 - Pakistan's first dry bulk terminal to open in March -CEO 

Pakistan’s first dry bulk terminal will open next month and is expected to handle 3 million tonnes a year of coal imports, rising to 20 million tonnes over the next five years, the port's chief executive said on Thursday. The $285 million Port Muhammad Bin Qasim, which was built with support from the World Bank, will also be used to export cement and clinker, Sharique Siddiqui, chief executive for Pakistan International Bulk Terminal, told Reuters at a coal conference in Cape Town. Click here to read full stories.

Feb 02 - Japan's top shippers trim loss estimates as container units stabilize 

Japan's top three shippers, Nippon Yusen KK (NYK), Mitsui OSK and Kawasaki Kisen Kaisha pared their full-year loss estimates on Tuesday as a downturn in the global container market stabilized and a weakening yen helped bolster earnings as they cut costs. NYK, the biggest of the three by sales, lowered its forecast for an operating loss for the year to March 31 to 17 billion yen ($149.87 million) from an earlier 25.5 billion yen deficit prediction. That compares with a forecast for an average operating loss of 24.2 billion yen from 11 analysts polled by Thomson Reuters. Click here to read full stories.

Feb 02 - Ship operator Toisa files for bankruptcy 

Shipping company Toisa Ltd filed for U.S. Chapter 11 bankruptcy as falling demand for the Bermuda-chartered company's oil-and-gas supply vessels left it running short of cash, according to court documents. Toisa, owned by Greek shipping magnate Gregory Callimanopulos, has a global fleet of 26 offshore oil service vessels, 13 tankers and seven bulk ships, according to documents filed with the U.S. Bankruptcy Court in Manhattan. Click here to read full stories.

Feb 02 - S.Korea court says expects to declare Hanjin Shipping bankrupt on Feb. 17 

A South Korean court said on Thursday it decided to end Hanjin Shipping Co Ltd's court receivership process and expects to declare bankruptcy on February 17 after a two-week period for appeals. The Seoul Central District Court said in a statement that it made the decision as the firm's liquidation value would be worth more than its value as a going concern. Click here to read full stories.

Feb 02 - Australia iron ore ports clearing ahead of cyclone – authority

A tropical low in the Indian Ocean off Australia was forecast on Friday to intensify to cyclone strength within 24 hours, disrupting shipping from the world's biggest iron ore export terminals and threatening offshore production of liquefied natural gas (LNG). The Pilbara Ports Authority said in a statement it had already cleared vessels from outer anchorages at Port Hedland, and vessels within the inner harbour would depart by 0500 GMT. Click here to read full stories.

Feb 01 - BHP launches online freight platform to sink shipping costs 

BHP Billiton has launched an online system under which shippers compete to offer the best price to haul cargoes of commodities such as iron ore and copper to the mining giant's customers. BHP this week allocated its first cargo using the auction-style platform, which it hopes will save money as it bypasses brokers who traditionally help negotiate vessel-hire rates between cargo owners and shippers. Click here to read full stories.

Feb 01 - India wheat imports seen rising to 4.5 mln T -cargo surveyor 

India's wheat imports for 2016/17 are likely to jump to the highest level in a decade at 4.5 million tonnes as the south Asian country raises overseas purchases to calm prices, a cargo surveyor said on Thursday. Wheat imports in the 2016/17 financial year ending March 31 have already reached 2.9 million tonnes, said Siddharth Amin, director of Mumbai-based cargo surveyor Dr. Amin Controllers Pvt, adding that they could climb to 4.5 million tonnes. Click here to read full stories.

Feb 01 - Philippines to shut half of mines, mostly nickel, in environmental clampdown 

The Philippines ordered the closure on Thursday of 23 mines, mainly nickel producers that account for about half of output in the world's top nickel ore supplier, in a government campaign to fight environmental degradation by the industry. Manila also suspended operations at another five mines, including the country's top gold mine operated by Australia's Oceanagold Corp, as Environment and Natural Resources Secretary Regina Lopez vowed to put the public's welfare above mining revenues. Click here to read full stories.

Feb 01 - Brazil soybean export lineup up 97 pct from year ago 

The lineup of vessels expected to load soybeans at Brazilian ports over the next month shows a spike in shipments to around twice the level of a year ago due to a speedy harvest and strong global demand. Port schedules suggest around 4.39 million tonnes of soybean exports in February and early March, 97 percent more than a year ago, according to data from shipping agency Wilson Sons compiled by Reuters on Tuesday. Click here to read full stories.

Feb 01 - Fortescue sees iron ore demand boost as China closes steel mills 

A Chinese crackdown on inefficient steelmaking will support demand for iron ore imports, Australia's Fortescue Metals Group said on Wednesday, maintaining its forecast for record shipments this year amid a rebound in prices. Exports to China by the world no. 4 iron ore miner dipped slightly in the quarter to Dec. 31, quarterly production data showed, but are still on track to meet or beat the high end of its 2016/17 guidance for 165 million to 170 million tonnes. Click here to read full stories.

Feb 01 - Trump trade plans, S. America crops could hurt U.S. farm exports 

U.S. farmers and grain handlers may be stuck with a bigger-than-expected portion of the massive stockpile of corn and soybeans harvested last fall as uncertainty about trade polices under U.S. President Donald Trump threatens to upend exports. Domestic demand tends to be relatively steady from year to year, so the typical escape hatch for an abundance of corn and soybeans is the export market. Overseas buyers turn to countries looking to unload supply gluts, hoping for cheaper prices. Click here to read full stories.

Feb 01 - EU imposes definitive dumping duties on Chinese steel tube imports 

The European Union has imposed definitive anti-dumping duties on Chinese and Taiwanese imports of stainless steel tubes and pipe butt-welding fittings to protect its industry from steel overcapacity. An investigation found Chinese and Taiwanese manufacturers had sold stainless steel tube and pipe butt-welding fittings in Europe at dumped prices, the European Commission said in a notice published in the official journal on Friday. Click here to read full stories.