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
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.


- 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
  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'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.