Freight

Feb 20 - New Bunker Supply Operation Eyes Emerging Prospects for Black Sea Bunker Market
"We have big plans to further develop bunker supply in Ukraine and the region," the PMG spokesperson tells Ship & Bunker.

 Feb 20 - Cockett Announces Raft of Additions to Global Commercial Teams
19 staff added in various locations including Singapore, Rotterdam, U.A.E., and the UK.

Feb 20 - NSI Launches Quarterly 2020 Market Overview Report
"Our aim is not to sit on the fence but to give our clear opinion on the major challenges the market faces," says NSI's Paul Hardy.

Feb 20 - IMO2020: Refined Product Already Feeling Impact, Seminar Hears
Platts analysts elucidate on market developments in lead up to global sulfur cap change.

Feb 19 - All aboard for hedge funds as trade tide lifts shipping
(Reuters)
Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are transported by sea and global shipping sectors, including dry bulk, are on course for a recovery this year after a near-decade long crisis, ratings agency S&P said in a report last week. The IMF has forecast GDP growth at 3.9 percent for 2018 and 2019 versus 3.7 percent last year, which analysts say is boosting sentiment for shipping.
As a result, many hedge funds are loading hundreds of millions of dollars into the sector, putting behind them losses suffered in 2013 when, based on forecasts of improved world economic growth, they piled in to shipping debt and equity. That strategy hit the rocks for many investors when the shipping companies they had put their faith in over-ordered new vessels and saw their shares fall by as much as 80 percent.
“They all came in too early,” Tor Svelland, chief investment officer at hedge fund Svelland Capital, said, adding that the market is different this time around as capacity is shrinking.
“It looks like the new building market will not be able to ‘kill’ the positive demand story. This is a dream scenario.”
- SHIPPING FORECAST
This time round it is not only shipping stocks, but also freight forward agreements (FFA), which allow investors to take positions on freight rates at a point in the future, that are more widely used to get into what is still a niche sector. For Demetris Polemis, a portfolio manager at $250 million Guernsey based hedge fund Paralos Fund, the tide is turning and with less chance of a shipping glut there are now “some interesting opportunities for investors”. Another new feature are exchange traded funds which U.S. filings show are being set up to focus on shipping investments. These would allow hedge funds and retail investors to access FFAs, Polemis said.
“A lot of people have been talking about shipping recently. Last year, a few funds were setting up bespoke products,” said a London-based hedge fund investor.
One example is Tufton Ocean, a hedge fund and private equity firm, which started a long-only strategy run solely for a U.S.-based investor in January. The wave of new money is clear from data last week which showed that hedge funds bet at least $675 million on shipping stocks in the fourth quarter of 2017. Hedge fund participation in 14 of the top shipping stocks reached 29 percent in the fourth quarter, up from 23 percent in the previous three months, data from U.S. Securities and Exchange Commission filings compiled by Symmetric showed. And activists, who buy up shares in undervalued companies and agitate for change to drive up the share price, have also been increasingly moving into shipping stocks. Activist hedge funds made public demands of five shipping companies in the 12 months to Jan. 31, the highest number of campaigns in more than five years, with three in the previous year and two between Feb. 1, 2013 and Jan. 31, 2014, according to research group Activist Insight.
- UNCHARTED WATERS
Duncan Dunn, senior director with leading FFA broker SSY Futures Ltd, said a number of investment funds started betting on dry bulk FFAs when the sector downturn started to bite at the end of 2008. He said there had been an increase in the estimated underlying transaction value of dry bulk FFAs to $16.5 billion in 2017 from around $9 billion in 2016 and hopes that the underlying value could reach $24 billion if both volume and values grow by 20 percent this year.
“Last year’s improvement in time charter rates was such that not only will there be more hedging opportunity for dry FFA traders, but also a compelling case for renewed investment.”
Elsewhere, the London-run Baltic Exchange, founded in 1744, is creating the possibility of its globally tracked main sea freight index, which gauges the cost of shipping dry bulk commodities including iron ore, grain and coal, becoming a tradeable instrument. The Baltic is also looking into launching a freight index for LNG (liquefied natural gas), creating further scope for trading plays. Such developments are likely to be a boost for those who caution against stocks as a way of gaining shipping exposure. Nicholas Tsevdos, managing director of Ocean Way Navigation, a London-based shipping investor and asset manager, said shipping stocks are a particularly poor way in.
“This is due to the exorbitant combined G&A (general and administrative expenses) and management fees, which on average are around three times the market standard,” Tsevdos said, adding that the correlation between underlying asset values and the share price is often not as expected.
“You can watch a company achieve a phenomenal price for a vessel or fleet sale, and watch the stock tank as the market views it as a retraction,” Tsevdos said.
Others, such as Jens Rohweder, managing partner with German-based investment and asset manager Notos Group, say some markets such as dry bulk, which accounts for an estimated 18 percent of the world’s cargo fleet, may already be past their peak, leading him to prefer counter-cyclical investments such as LPG (liquefied petroleum gas) stocks.
“This will be the third time round for them (hedge funds), let’s hope they get the timing right,” one shipping industry source said.

Feb 16 - Resurgence of containership orders (Alphaliner)
- A flurry of new ship orders have been announced in the past week as carriers and owners return to the shipyards to add to the depleting containership pipe­ line. Additional vessel orders, ranging from for feeder-sized tonnage to ships of 14,000 and even 22,000 teu, are still being finalised. These could eventually push the orderbook-to-fleet ratio to above 15 %.
- Within the past week, Evergreen has concluded orders for eight 12,000 teu ships with Samsung Heavy Industries of Korea , while also signing long term charter deals with Shoei Kisen, the lmabari Group's ship financing arm, for an additional twelve units of 11,850 teu, to be built in Japan at lmabari-controlled yards. To be delivered in 2020 and 2021, these ships add to Evergr een's exist­ ing orderbook which already included eleven 'Megamax' ULCS of 20,150 teu, and 17 units of 2,800 - 2,900 teu, all scheduled for delivery in 2018 and 2019.
- Further to this, Yang Ming on 13 February announced that its board of directors approved plans for a newbuilding program of 20 containerships. This comprises ten vessels of 11,000 teu, to be chartered from third-party owners, and ten units of 2,800 teu, which will be contracted in the name of the company itself or through a subsidiary. So far, Yang Ming has not named any shipyards or de­ livery dates for the planned new vessels yet. The new orders will add to the car­ rier's orderbook of five 14,000 teu ships from Japan's lmabari Group, whose deliveries are due in 2019.

Feb 15 - Truckers in Argentina lift strike, freeing grain exports Truckers in Argentina ended a strike that had stalled grain exports and agreed to meet with transportation authorities later this month to resolve their differences, the government said on Saturday.Nearly 100 cargo ships were waiting on Friday to load soy and corn from Argentina's main agro-export hub of Rosario, more than a week into a truck owners strike that had brought exports to a near halt. Click here to read full stories.

Feb 15 - Hedge funds hook shipping stocks grappling for recovery
Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet at least $675 million on signs of renewed buoyancy in the industry.Hedge funds made initial forays into shipping stocks in the third quarter of 2017, but significantly stepped up their bets in the final three months of the year, U.S. Securities and Exchange Commission filings compiled by Symmetric show. Click here to read full stories.

Feb 15 - Rail fight threatens coal giants' Australian exports
Australia's top coal hauler, Aurizon Holdings Ltd, is on course for a showdown with the world's biggest coal exporters after a regulator capped the revenue it can charge at A$1 billion ($783 million) less than the company sought.BHP Billiton, Glencore, Anglo American, Peabody Energy and others face cuts of nearly a tenth of their coal export volumes from Queensland state, the country's biggest coal exporter, after Aurizon said the tough revenue cap would cut throughput on its network. Click here to read full stories.

Feb 15 - The Baltic Exchange's main sea freight index fell for a fourth straight session as demand for capesize vessels remained muted amid a week-long break in China. Click here to read full stories.

Feb 14 - Louisiana port runs tests with supertanker for U.S. crude exports

The Louisiana Offshore Oil Port (LOOP), the largest privately owned crude terminal in the United States, said on Tuesday it had started to test loading and unloading of a supertanker, bringing it closer to being able to export crude oil. LOOP said last year its U.S. Gulf Coast facility would have the capacity to load Very Large Crude Carriers (VLCCs), the largest oil tankers which can ship some 2 million barrels of oil, by early 2018. Click here to read full stories.

Feb 12 - The Bunker Industry: What's Changing, and What Could be Destined to Stay the Same
It's a genuine fear I hold for the shipping and bunker markets that collectively we have failed or chosen not to learn certain lessons, Paul Hardy writes for Ship & Bunker.

Feb 12 - IMO2020: Green Groups Welcome Move to Close HFO Enforcement "Loophole"
A ban can better ensure no one can simply switch to noncompliant fuel when they are out of sight of the authorities, says T&E's Faig Abbasov.

Feb 12 - Two More Players Exit the Singapore Bunker Market
The number of physical bunker suppliers in Singapore drops to 52.

Feb 12 - Bunker Tanker Runs Aground in Malta
Incident involving the 595-tonne Hephaestus is understood to have caused by severe weather in the region.

Feb 12 - Singapore Arrests 11 More Over Suspected Illegal MGO Sales
The arrests follow what Police said was a tip-off over an illegal sale of 200 mt of MGO, and bring the total number of arrests to 22. 

Feb 08 - Coal buyers spooked by Indonesia's new shipping rules - Assoc 

Buyers of Indonesian coal are holding back orders of the fuel after the government issued new shipping rules for coal and crude palm oil that would restrict exports to Indonesian vessels, an industry association said on Thursday.Jakarta issued rules in October requiring coal and palm oil exporters to use Indonesian-flagged vessels and Indonesian insurance companies, to boost the role of the archipelago's shipping industry in its export market. Click here to read full stories.

Feb 08 - Cold snap propels China's pre-Lunar New Year commodity binge 

China's oil imports hit a record high in January and other key commodity shipments jumped, buoyed by freezing winter weather and stockpiling ahead of Lunar New Year celebrations later this month.The boost came as China's overall imports surged by 36.9 percent year-on-year last month, according to General Administration of Customs data, while exports were up 11.1 percent, both growing much more than expected. Click here to read full stories.

Feb 08 - Noble Group says proposed deals to sell four ships fall through 

Crisis-wracked commodity trader Noble Group said on Friday said proposed agreements to sell four dry bulk carrier vessels have fallen through after the buyers failed to get approval from their boards for the deals by Thursday.Noble estimated it would have received net proceeds of about $30 million if the vessels had been sold, after repayment of mortgages associated with the ships and other costs. Click here to read full stories.

Feb 08 - Argentine truckers strike affects grains shipping - port chamber 

A strike by Argentine truck owners aimed at forcing an increase in hauling rates has halted grains unloading at some of the country's terminals, Guillermo Wade, manager of the Chamber of Port and Maritime Activities, said on Wednesday. Argentina is the world's top exporter of soymeal livestock feed and its No. 3 supplier of corn and raw soybeans. Wade said the trucking strike stopped some loading of cargo ships ready to transport grains from the country's main Parana River transport hub of Rosario. Click here to read full stories.

Feb 07 - Two More Players Exit the Singapore Bunker Market
The number of physical bunker suppliers in Singapore drops to 52.

Feb 07 - OceanConnect Marine Hires 3 New Bunker Traders in Singapore to Initiate Korean Supply Position
Joon Kim, Daniel Park, and Danny Han have all joined OCM's Asia team effective immediately.

Feb 07 - MPA: No Plans to Reduce Number of Bunker Suppliers in Singapore
"The number of bunker suppliers in Singapore are determined by market forces," MPA spokesperson tells Ship & Bunker.

Feb 06 - Bunker Holding Consolidates its Global Physical Supply Units Under "Bunker One" Brand
"Bunker One will also become the platform from which we will expand our world-wide physical presence," says Peter Zachariassen, Global Director Physical, Bunker One.

Feb 06 - IMO Secretary-General Lim on IMO2020: There is No Turning Back!
Ensuring consistent implementation of the 0.50% requirement is a key item on the agenda of this week's sub-committee meeting, says IMO.

Feb 06 - Singapore: VPS MFM Quick-Screen Data Shows 28% of Bunker Deliveries in 2017 Failed to Comply with TR48
CMA CGM and Veritas Petroleum Services Successful Collaboration in Monitoring Marine Fuel Delivery via Mass Flow Meter.

Feb 06 - Critical Investors Less Than Impressed with Aegean Management Response
Aegean management tells Ship & Bunker it is "considering its response" to investor group.

Feb 05 - The Port of Corpus Christi
says it will be ready to receive very large crude carriers (VLCCs) by 2021 if the federal government approves a $60M funding request to dredge the port's channel. The Texas port handles 60% of US crude exports and six energy CEOs wrote a letter to President Donald Trump asking for the funding. Some $50B of energy projects are currently underway in South Texas that "rely on the Corpus Christi ship channel to move our products," the CEOs said. VLCCs are the industry's largest crude carriers and a must for major oil terminals looking to grow their business.

Feb 02 - Blockchain and container shipping (Alphaliner)
-  A number of blockchain initiatives involving container shipping have been launched since 2017, but the actual application ofthis new technology remains limited. While several potential blockchain applications have been identified, none of these products have been released so far.
- 300cubits, a start-up company established in July 2017, aims to be the first to roll out an actual blockchain application for the container shipping market with a booking deposit system that is scheduled to be launched on 15 June 2018. The system aims to use blockchain technology and a dedicated crypta currency to address the problem of cargo 'no-shows' and 'rollovers' that it claims are the key challenges in the container shipping industry.
- The company plans to distribute its own crypto-currency, named 'TEU to kens', to industry participants as the first step in getting stakeholders to adopt the new system. The 'TEU tokens ' will be given out to the industry participants at no cost starting on 1 February 2018.
- The container shipping industry has been slow in adopting new technology and widespread scepticism remains about the viability of such initiatives. We took the opportunity to discuss with 300cubit's co-founder, Johnson Leung (JL), about the challenges that the industry faces and how it aims to overcome the resistance to the adoption of its new system.

Feb 01 - Baltic sea index to become tradable after benchmark changes

Changes to the Baltic Exchange’s main sea freight index has created the possibility of it becoming a tradable instrument for the first time, industry officials said on Thursday. With about 90 percent of traded goods by volume transported by sea, non-specialist investors want a way capitalise on a recovery in shipping as it emerges from a near-decade long downturn due in part to a glut of vessels ordered. Baltic Index Council Chair Stefan Albertijn said commodities and financial markets had shown interest in trading the Baltic dry index or BDI, which gauges the cost of shipping dry bulk commodities including iron ore, cement, grain and coal. Click here to read full stories.

Feb 01 - G3 Canada grain terminal to open ahead of schedule in 2019 

Canada's biggest grain terminal on a throughput basis plans to open at Port Metro Vancouver in 2019, nearly one year ahead of schedule, the chief executive of grain handler G3 Canada Limited said on Friday. The terminal, capable of handling 8 million tonnes of crops annually on the north shore of Burrard Inlet, will be the first new grain facility in 50 years at the port, Canada's busiest. Click here to read full stories.

Feb 01 - Coal firms plead to courts, Trump for West Coast export terminals 

The ailing U.S. coal industry is ramping up its political and legal offensive to win approval for West Coast export terminals that could provide a lifeline to lucrative Asia markets. Coal producers filed two recent lawsuits against governments in Washington state and California challenging local decisions to block port projects on environmental grounds. Click here to read full stories.

Feb 01 - Northern China port area calls blue alert for sea ice 

A unit of China's State Oceanic Administration (SOA) on Friday issued a blue alert for sea ice in a key port area in the north of the country, potentially disrupting commodities shipments, as temperatures in the region plummet. Sea ice in the Liaodong Bay, the northern arm of China's Bohai Sea, now extends 67 nautical miles (124 km) from the shoreline, the North China Sea Marine Forecasting Center said in an 0700 GMT alert. Ice also extends 18 nautical miles out in the northern part of the Yellow Sea, the Center said. Click here to read full stories.

Feb 01 - Guinea's GDM ships first bauxite ore 

Guinean bauxite mining company La Guineenne des Mines (GDM) shipped the first ore from its project in the western Boke region on Thursday and will target exports of 2 to 4 million tonnes this year, its chief executive said. The first cargo of 174,000 tonnes of the aluminium ore was loaded onto ships operated by Singapore's Winning Shipping and Chinese firm Shadong Weiqiao at the port of Dapilon. Click here to read full stories.

Feb 01 - Union at Colombia's Cerrejon votes to strike, mine seeks deal 

The largest union at Colombia's top thermal coal mine Cerrejon has voted to strike following failed salary and benefit negotiations with the company, the union said on Monday. Cerrejon accounts for 37 percent of Colombia's coal output, the world's fifth-largest exporter of the mineral, and a strike is likely to affect exports. The stoppage could begin within three days, the union said. Click here to read full stories.

Feb 01 - Strike halts activity at Cargill's Argentina soy plants, ports

Activity was halted at three of agricultural trader Cargill Inc's soy processing plants and ports in Argentina on Wednesday after workers went on strike to protest layoffs of around 40 employees, a union representative said. Sergio Diaz of the SOEAR oilseed crushers union told Reuters the strike was affecting two of Cargill's plants in the grains export hub of Rosario and one in Bahia Blanca. Click here to read full stories.

Jan 29 - Fratelli Cosulich: Bunkering in Singapore Improved by MFM
A year after MFM became compulsory for all players, Timothy Cosulich tells Ship & Bunker that his company's sales volume has grown.

Jan 29 - BP Singapore Fuel Oil Storage Lease Not Renewed: Reports
Oil major no longer operates landed fuel oil storage at the Southeast Asian oil products hub.

Jan 29 - Sea Bunkering International Acquisition by Kaeline a "Perfect Fit"
"The jigsaw pieces fit together very nicely," SBI Managing Director Dave Gregory tells Ship & Bunker.

Jan 26 - Opinion: Scrubbers Are Not the Perfect Solution - for the Arctic or Anywhere
Dr Sian Prior is lead advisor to Clean Arctic Alliance, who is campaigning for a ban on the use and carriage of Heavy Fuel Oil in the Arctic.

Jan 26 - Maersk Line Backs "Unprecedented" Call for Ban on High-Sulfur Bunker Fuel
Ban is best way to secure simple and robust enforcement of IMO 2020 regs, says Maersk Line CEO Søren Toft.

Jan 26 - BP Singapore Fuel Oil Storage Lease Not Renewed: Reports
Oil major no longer operates landed fuel oil storage at the Southeast Asian oil products hub.

Jan 25 - India opens new ports for used steel imports 

India has increased the number of ports that can handle imports of non-prime steel to a total of six, with the addition of three new ports, the ministry of commerce and industry said.A ministry notification dated Jan 18. and made public on Saturday implies all types of steel can be imported through the new ports. The is set to encourage foreign purchases of non-prime category steel. Click here to read full stories.

Jan 25 - China's CSSC listed businesses to get capital injections for shipyards 

China State Shipbuilding Corporation's listed units CSSC Holdings and CSSC Offshore & Marine, plan to bring in major investors to inject about 10.2 billion yuan ($1.6 billion) of capital into four shipyards.China's shipyards have been suffering from a prolonged downturn in the shipping industry and both companies said the planned capital increases were part of the government's wider "supply-side structural reform policy". Click here to read full stories.

Jan 25 - Cameroon cocoa exports down 9.5 pct amid port congestion

Cameroon cocoa bean exports were down 9.5 percent by Dec. 17 compared to the same period of last season, official data showed on Monday, as exporters complained of a bottleneck at the main port.Cameroon - the world's fifth biggest cocoa producer - had exported 133,000 tonnes of beans according to the most recent available figures, down from 147,000 tonnes last season. Click here to read full stories.

Jan 25 - DP World and India's NIIF to invest up to $3 bln in transport, logistics 

Dubai-based ports operator DP World and India's National Investment and Infrastructure Fund (NIIF), a quasi sovereign wealth fund, said on Monday they had created a fund to invest up to $3 billion of equity in the transport and logistics sectors in India.The money will target acquiring assets and developing projects in sea and river ports, freight corridors, special economic zones, inland container terminals, and logistics infrastructure such as cold storage, the two organisations said. Click here to read full stories.

Jan 25 - Hapag-Lloyd sees shipping transport demand up, more mergers in 2018 

German shipping group Hapag-Lloyd sees demand for transport growing 4 percent in 2018 and expects more shipping firms to merge in the year, the chief executive said.CEO Chief Executive Rolf Habben Jansen also said Hapag-Lloyd, which merged with its Arab peer UASC, could achieve 85 to 90 percent of targeted annual savings from the deal of $435 million this year and 100 percent from 2019. Click here to read full stories.

Jan 25 - BP Singapore Fuel Oil Storage Lease Not Renewed: Reports
Oil major no longer operates landed fuel oil storage at the Southeast Asian oil products hub.

Jan 25 - Sea Bunkering International Acquisition by Kaeline a "Perfect Fit"
"The jigsaw pieces fit together very nicely," SBI Managing Director Dave Gregory.

Jan 25 - Status Quo in Shipping Regulations Not an Option, says New Research Network
"In the absence of clear international standards, policy fragmentation is occurring at regional and domestic levels, causing confusion and investment uncertainty," UBC's Jane Lister.

Jan 18 - Australia's Port Hedland reopens as Cyclone Joyce dissipates 

Australia's Port Hedland iron ore terminal reopened on Saturday afternoon after a cyclone bearing down on the continent's far northwest dissipated, the port's operator said on Saturday evening. Cyclone Joyce, a Category 1 storm, had weakened to a tropical low and was expected to weaken further, the Pilbara Ports Authority said on its website. Click here to read full stories.

Jan 18 - Argentina slashes port docking costs in boost to grains sector 

Argentina has set a maximum rate paid for port docking and undocking services, the government said in its official gazette on Tuesday, a change the Transportation Ministry said would slash docking costs by up to 40 percent. The move, previously reported by Reuters, comes as President Mauricio Macri seeks to lower the cost of exporting food from the world's No. 3 soy and corn exporter and the leading shipper of soybean livestock feed. Maximum rates will decline between 20 and 40 percent under the new rules. Click here to read full stories.

Jan 18 - Hapag-Lloyd sees shipping transport demand up, more mergers in 2018 

German shipping group Hapag-Lloyd sees demand for transport growing 4 percent in 2018 and expects more shipping firms to merge in the year, the chief executive said. CEO Chief Executive Rolf Habben Jansen also said Hapag-Lloyd, which merged with its Arab peer UASC, could achieve 85 to 90 percent of targeted annual savings from the deal of $435 million this year and 100 percent from 2019. Click here to read full stories.

Jan 18 - Top 20 Bunker Supplier Aegean Completes Last Delivery in Singapore, Exists the Market as a Physical Player
Aegean says it will retain a presence in Singapore with a team of five.

Jan 18 - Arrested Bunker Tanker Put to Auction in Singapore
The 4,000 DWT UE Star was arrested on November 24, 2017.

Jan 18 - Petrobras adds five bunker fuel barges at three Brazilian ports (BunkerWorld)
Petrobras has put into service five new double-hull marine fuel barges at the Brazilian ports of Vitoria, Praia Mole and Tubarao.

Jan 18 - Bunker trader Christoffer Ahlqvist joins ScanOcean AB (BunkerWorld)
ScanOcean AB has appointed Christoffer Ahlqvist as head of trading, the company said Wednesday.

Jan 17 - Malta, Piraeus bunker premiums to Med HSFO hit six-week highs (BunkerWorld)
Bunker fuel premiums in the Mediterranean to high sulfur fuel oil rose at the ports of Piraeus, Greece, and Malta on Tuesday due to a bearish fuel oil market.

Jan 17 - Bunker Prices at Their Highest in Over 3 Years, Up 175% in 2 Years
Ship & Bunker's Global 20 Ports Average indicates IFO380 is priced at just under $400/mt, having risen from a low of $144.50/mt on January 20, 2016.

Jan 17 - Sanchi Sinking: Bunker Spill Fears Compound Worst Oil Ship Disaster in Decades
"A large heavy fuel spill into the waters of China's largest fishery would compound the tragedy," Sue Libenson, Senior Arctic Program Officer, Pacific Environment, tells Ship & Bunker.

Jan 17 - Argentina slashes port docking costs in boost to grains sector

Argentina has set a maximum rate paid for port docking and undocking services, the government said in its official gazette on Tuesday, a change the Transportation Ministry said would slash docking costs by up to 40 percent. The move, previously reported by Reuters, comes as President Mauricio Macri seeks to lower the cost of exporting food from the world's No. 3 soy and corn exporter and the leading shipper of soybean livestock feed. Maximum rates will decline between 20 and 40 percent under the new rules. Click here to read full stories.

Jan 15 - Sentek Marine Named Singapore's Biggest Bunker Supplier by Volume in 2017
Chemoil, having held the top spot on MPAs ranking for the previous two years, drops to third.

Jan 15 - PRESS RELEASE: NSI Teams Up With Ship & Bunker to Launch New Benchmark Bunker Buying Service
"It is clear that large lifters and smaller buyers alike are all looking to improve their bunker buying process, particularly as 2020 approaches," says NSI's Paul Hardy.

Jan 15 - BunkerEx Introduces New Credit Service for Bunker Buyers
"Credit is the single biggest hurdle stopping buyers dealing directly with suppliers achieving a lower price," BunkerEx Co-Founder and CEO Ishaan Hemnani tells Ship & Bunker.

Jan 15 - Oil Tech Firm IUT On-Track for Commercial HFO Desulphurization Unit by mid 2018
"There is no chemical reason for us not to achieve very high levels of desulfurization with heavy feed stocks," IUT's Engineering team lead, Dr. Pedro Pereira, tells Ship & Bunker.

Jan 12 - Australia's weather bureau drops Port Hedland warning as Cyclone Joyce nears land

Australia's weather bureau has cut the forecast strength of a cyclone bearing down on the continent's far northwest on Friday and dropped its warning for high winds at iron ore terminal Port Hedland. Cyclone Joyce, a Category 1 storm, is holding just off the beaches of Pilbara iron ore belt, prompting the overnight closure of the world's biggest iron ore export terminal at Port Hedland, 1,700 km (1,050 miles) north of Perth, as a safety precaution. Click here to read full stories.

Jan 11 - Industry Insight: Viability of Scrubbers for Different Type of Vessels
"All these arguments for and against scrubbers will have to be viewed afresh in view of the new technology and pricing of horizontal scrubbers," Dr Vis writes for Ship & Bunker.

Jan 11 - Singapore: Investigation into Stolen Fuel from Shell Refinery Prompts Arrests
Alleged offences took place at Pulau Bukom refinery

Jan 11 - LR Bunker Tips: Safety First – Moving Between Vessel and Barge
"Being a surveyor is one of those jobs that regardless of how many safety systems and equipment are in place, you are still at high risk of injury," Chris Bieda, Service Delivery, Lloyd's Register GMT, writes for Ship & Bunker.

Jan 11 - Ukraine sea port grain export capacity rose to 68 mln T in 2017

Ukraine's Black Sea port grain export capacity rose to 68 million tonnes per year at the end of 2017, while port storage facilities stood at around 3.4 million tonnes, trade magazine Ukraine's Ports said on Wednesday. Export loading capacity was expanded by 1.75 million tonnes in 2017, the magazine said. Click here to read full stories.

Jan 11 - Australia's Port Hedland clearing out ships as Cyclone Joyce intensifies 

Australia's Port Hedland iron ore terminal was clearing all vessels from its harbour on Thursday as a tropical cyclone intensified off the western Australian coast, Pilbara Ports Authority said. The port's biggest user, global mining giant BHP, said it was monitoring the progress of the storm, known as Cyclone Joyce, amid forecasts it will reach Category 3 strength by early Friday morning, packing wind gusts of 165-224 kilometres per hour. Click here to read full stories.

Jan 09 - Choices Will Have to be Made on Where HSFO Supply Continues After 2020: Total
"Right now it would seem likely there will be some rationalization of supply, especially outside of the big hubs," Managing Director Olivier Jouny tells Ship & Bunker.

Jan 09 - Industry Insight: Analysing the BIMCO Bunker Contract
Even if suppliers don't agree to the BIMCO contract, it's content can be very useful to highlight where the risk lies for ship owners and operators, writes BunkerEx CEO Ishaan Hemnani.

Jan 09 - Hydrogen and Fuel Cell Technology Could Serve as Bunker Fuel for Ships
Orkney-based project up-and-running but large-scale investment required

Jan 09 - Brightoil Appoints New Global Bunker Director
"We are delighted to welcome Ronnie to the team," a spokesperson for Brightoil tells Ship & Bunker.

Jan 04 - Shippers benefit as China laps up Brazilian iron ore

U.S. dry bulk shippers are set to post strong revenue growth in the next two years thanks to soaring Chinese demand for high-grade iron ore from Brazil and Australia. To combat severe winter smog, China has slashed iron ore output, pushing steel mills in the world's second biggest economy to import more high-grade ore. Click here to read full stories.

Jan 04 - Asian coal prices hit late 2016 high amid huge shipping congestion

Asian benchmark thermal coal prices have pushed to their highest levels since 2016, fuelled by demand in China and loading delays in Indonesia that have ramped up shipping congestion outside major coal ports. Spot cargo prices for Australian Newcastle coal have risen nearly 15 percent from lows in late November after China loosened import restrictions to help meet a winter fuel shortage. Click here to read full stories.

Jan 04 - China Harbour Engineering to invest $1 bln in Sri Lanka's Port City - minister

A consortium led by state-run China Harbour Engineering Company Ltd will invest $1 billion to build three 60-storey office towers on reclaimed land of the Port City development in Sri Lanka's capital, a government minister said on Tuesday. The $1.4 billion development of Port City, a project of China Communication Construction Company (CCCC), the parent company of CHEC, began in late 2016 as part of Beijing's ambitious plans to create a modern-day "Silk Road" across Asia. Click here to read full stories.

Jan 04 - Company sues Washington state for blocking coal exports to Asia

A company that plans to build a coal export terminal in the Pacific Northwest to ship western U.S. coal to Asian markets sued the state of Washington on Wednesday for blocking construction last year. Lighthouse Resources Inc filed a lawsuit in federal court against Washington Governor Jay Inslee and two state regulators for allegedly violating the U.S. Constitution's commerce clause by denying permits to allow the company to ship coal mined in Wyoming, Montana and other western states through its proposed Millennium Bulk Terminal to clients in Japan and South Korea. Click here to read full stories.

Jan 04 - Argentine port blast kills one, injures others - China's COFCO

An explosion at a grains terminal in Argentina owned by China's COFCO International on Wednesday killed one employee, injured others and affected shipping activities from one of the world's top food suppliers, the conglomerate said. The cause of the blast is not yet known but it could have an outsized impact on the flow of food exports from Argentina as unions representing grains inspectors and crushing workers said they would go on strike on Thursday to demand better safety conditions. Click here to read full stories.

Jan 04 - China's Nov coal imports from Australia slip on port congestion

Chinese imports of coal from key supplier Australia slipped in November from a year ago, customs data showed, hit by heavy traffic congestion in Australian ports. Shipments from Australia fell 0.3 percent in November from the same month a year ago to 5.59 million tonnes, data from the General Administration of Customs showed on Tuesday. That compared with October's 5.61 million tonnes. Click here to read full stories.

Jan 04 - Bunker Consumption Failing to Keep Pace With Rising Demand for Shipping
ICCT says from 2013 to 2015 bunker consumption rose 2.4% compared to a 7% increase in demand for shipping transport work.

Jan 04 - Aegean Shareholder Group Presses Ahead with Board Nomination Plans
"There's tremendous value in Aegean's network, which we believe is also particularly well placed to take advantage of ... IMO 2020," Tyler Baron tells Ship & Bunker.

Jan 04 - LNG Shipping Market Will be Short of Capacity by 2020: GasLog
The LNG carrier owner/operator has placed a dual-fuel newbuild order it expects to deliver into a strong LNG shipping market in the third quarter of 2019.

Jan 03 - Brazil's Vale to retain control of port, receive $1.15 bln in Mosaic deal 

Vale will conclude the sale of a fertilizer unit to the Mosaic Company with adjustments on Jan. 8, the Brazilian miner said in a securities filing on Tuesday. Vale said it will retain control of the TIPLAM port terminal, an asset which was originally included in the deal, and will receive $1.15 billion plus 34.2 million shares in Mosaic Co, equivalent to 8.9 percent of its total share capital, when the deal closes. Click here to read full stories.

Jan 03 - Industry Insight: The New Bunker Fuel Regulations - Some Thoughts
"Unless a solution is found, every year there will be a further accumulation of 200 million MT of HFO," Viswa Lab's Dr. R. Vis writes for Ship & Bunker.

Jan 03 - IMO 2020 Not the End of the Story, Global Sulfur Cap Will Eventually Fall Further Down: Total
"We may first see ECA zones enlarged, or new zones introduced, but eventually there will be a stricter sulfur content limit on marine fuel," Managing Director Olivier Jouny tells Ship & Bunker.

Jan 03 - Quadrise Combustion Boiler Trial Project in Saudi Arabia Edges Closer to Production
The trial is expected to commence early in 2018, once all the agreements are finalised.

Jan 03 - Irish Continental Group Opts for Scrubbers on Bunker-Saving Newbuild
The vessel is set to become the largest cruise ferry in the world in terms of vehicle capacity, says the company.

Jan 03 - 240 Vessels Now Fitted With Scrubbers, and That Number is Set to Accelerate: Clarksons
Around 5% of newbuild contracts in 2017 were for scrubber-equipped vessels.

Jan 02 - Shippers benefit as China laps up Brazilian iron ore 

U.S. dry bulk shippers are set to post strong revenue growth in the next two years thanks to soaring Chinese demand for high-grade iron ore from Brazil and Australia. To combat severe winter smog, China has slashed iron ore output, pushing steel mills in the world's second biggest economy to import more high-grade ore. Click here to read full stories.

Jan 02 - COFCO says second person dies following Argentina port blast 

A second person has died following Wednesday's explosion at a grains terminal owned by China's COFCO International in Argentina's Rosario grains shipping hub, the company said in a statement on Friday. COFCO said the employee had been hospitalized in critical condition following the blast and died Friday morning. Click here to read full stories.

Dec 29 - Industry Insight: Fresh Thinking in the LNG Transfer Zone Easing Infrastructure Concerns
While availability of the fuel is not an issue, the infrastructure required for getting LNG bunkers onto ships is proving to be a limiting factor for the industry, Vincent Lagarrigue, Director, Trelleborg Oil and Marine, writes for Ship & Bunker.

Dec 29 - Wilhelmsen: Scrubber Retrofit a Good Option
With attractive return on older ships

Dec 29 - Aegean: No Director Nominations Received from Shareholder Group
Aegean "evaluating shareholders' letter".

Dec 29 - Interview: Total Gives Further Details on CMA CGM LNG Bunkering Plans
"This is being seen very much as a partnership and that is also reflected in the long term agreement," TMFGS Managing Director, Olivier Jouny, tells Ship & Bunker.

Dec 29 - Despite Latest Signs of Geopolitical Risk, Analysts Believe Oil Supply Discipline Will Support Crude Prices in 2018
Meanwhile, Venezuela ready to launch cryptocurrency as a solution to its all but collapsed economy.

Dec 21 - Eastern Russian port of Nakhodka chokes on coal

The far eastern Russian port of Nakhodka on the Sea of Japan is swathed in coal dust. It blankets the streets, clogs the air and is blamed by some for a rise in respiratory diseases among the city's 150,000 residents. Yet despite pledges this year by Russia President Vladimir Putin to tackle coal pollution in ports such as Nakhodka and Murmansk thousands of kilometres away near Finland, port workers and local officials don't expect any change soon. Click here to read full stories.

Dec 21 - Cheap as ships: Second-hand ship sales reach 10-year high 

Sales of second-hand ships reached a 10-year high on cautious optimism that one of the shipping industry's worst ever downturns is nearing an end. An increase in cargo demand has helped revive confidence this year in a sector that is starting to emerge from a 10-year slump fueled by owners splurging on thousands of new ships. Click here to read full stories.

Dec 21 - Ship broker SSY acquires Denmark's Bidsted & Co amid sector recovery 

Leading British-based ship broker Simpson Spence Young (SSY) has acquired smaller Danish peer Bidsted & Co, the companies said, in the latest shake-up by players looking for growth as the industry heads for recovery. After a nearly decade-long downturn, caused in part by too many vessels available, segments of the global shipping industry are looking towards better times as ship ordering slows. Click here to read full stories.

Dec 21 - Supramax Bulk Carrier Arrested in Singapore
The 53,400 DWT KSL Deyang was detailed following action taken by local law firm Joseph Tan Jude Benny LLP.

Dec 21 - Aegean to Commence Physical Supply Operations on the Kiel Canal
"The addition of Kiel operations enhances our flexibility throughout the German and Southern Scandinavian Baltic Sea ports," says Aegean's President, Jonathan Mcilroy.

Dec 21 - Scorpio Tankers to Delay Scrubber Decision
As uncertainty over availability and future price make wait-and-see its preferred option.

Dec 21 - Soybeans stealing corn's thunder at Brazil ports - Braun 

November through January is typically the least active period for Brazilian soybean exports, but that quiet time has lately been getting louder - and possibly at the expense of the United States. Record-large crops were harvested earlier this year in Brazil, the No. 1 and No. 2 soybean and corn supplier, respectively, though fewer total shipments are scheduled within the next month or so than was the case two years ago. Click here to read full stories.

Dec 21 - Cargill submits environmental studies for $212 mln Brazil port project 

The Brazilian unit of U.S. grains trader Cargill Inc has submitted environmental impact studies to authorities in the state of Pará with the goal of building a new river port facility, the company said in a statement on Wednesday. The company would look to invest 700 million reais ($212 million) in the project, a press representative said. Click here to read full stories.

Dec 21 - Ships in a bottleneck: China, Australia ports clogged as coal, iron ore demand soars 

More than 300 large dry cargo ships are having to wait outside Chinese and Australian ports in a maritime traffic jam that spotlights bottlenecks in China's huge and global commodity supply chain as demand peaks this winter. With some vessels waiting to load coal and iron ore outside Australian ports for over a month, key charter rates have jumped to their highest in more than three years. Placed end-to-end, the total delayed fleet would stretch more than 40 miles, enough to span the English Channel from Dover to Calais and back. Click here to read full stories.

Dec 19 - More Old Oil Tankers Bound for Demolition, Forecasts Frontline CEO
Spot rates for VLCCs and Suezmax vessels are currently below Frontline's cash break-even level.

Dec 19 - UK Shipping Fuel Consumption 250% Higher Than Previous Estimates
The report's finding are based on a revised modelling methodology used to estimate the emissions of shipping for the UK's NAEI.

Dec 19 - One Third of Shipping Will Eventually Opt for Scrubbers for IMO2020 Compliance: Foreship
While initial uptake will be much lower, Foreship says oil company expectations are that up to 30 percent of commercial shipping will return to the use of high sulfur fuel oil by 2030.

Dec 19 - New Player Enters Florida Bunker Supply Market
"We are not simply just delivering bunkers to the market. We want to re-shape the way vessels receive dockside bunkers," says Tethys' CEO Robert Finnegan.

Dec 19 - Bio-Fuel Plant to Be Built in Norway
Aims to produce renewable crude oil and renewable marine oil

Dec 14 - Petro Inspect Opens New Office in Piraeus
"It was only a matter of time when we tapped into this country's great shipping resources," owner and founder Kaivan H. Chinoy tells Ship & Bunker.

Dec 14 - Bunkering in 2020 Looking Distinctly Blurry, Says Analyst
After attending conference where opinions were many and different

Dec 14 - Monthly Bunker Sales up in Singapore
Year-on-year and month-on-month rises recorded

Dec 11 - This Is What Bunker Traders Do Good
The best traders are adept at pooling volume and achieving economies of scale for their purchases, Paul Hardy, NSI, writes for Ship & Bunker.

Dec 11 - Total Marine Fuels Considering "Super-Sized" LNG Bunker Tanker: Reports
Move comes as part of CMA CGM gas supply deal.

Dec 11 - Crude Up After Pipeline Shut Down
Bunker prices were firmer in the primary ports.

Dec 08 - Industry Insight: The Shipping and Bunker Industries' Resistance to Change
"'Resistance to change' is the action taken by individuals and groups when they perceive that a change that is occurring is a threat to them," Apurva Mali, Trading Manager, Ennero writes for Ship & Bunker.

Dec 08 - Keeping up with the Latest ISO 8217 Specifications
Over 99% of ISO 8217:2005 deliveries actually comply with ISO:8217 2010 standards, BunkerEx CEO Ishaan Hemnani writes for Ship & Bunker.

Dec 08 - Brazilian miner Vale sells two ships to Bocomm for $178 mln 

Brazilian miner Vale SA concluded on Thursday the sale of two ships to Shanghai's Bank of Communications Finance Leasing Co Ltd (Bocomm) for $178 million. In a regulatory filing, Vale said the sale concludes the divestiture of its fleet of 19 very large ore carriers, known as VLOCs, as part of an effort to strengthen its balance sheet and refocus on core assets. Click here to read full stories.

Dec 07 - China's SITC aims to buy logistics firms in Southeast Asia in 2018 - CEO 

Chinese shipping conglomerate SITC International Holdings Co Ltd is looking for logistic companies to buy in Thailand, Vietnam, Philippines, Malaysia and Indonesia, the company's CEO said on Wednesday. "We're focusing on ... those (targets) that are connected to our business," SITC's Yang Xianyang told Reuters in an interview, adding that none of the talks are in final stages. Click here to read full stories.

Dec 07 - Iran opens $1 bln extension at closest port to Indian Ocean 

Iran opened on Sunday a $1 billion extension of its southeastern Chabahar port which Tehran hopes will help the country become a key transit route to land-locked Afghanistan and Central Asia, competing with a nearby Pakistani port. President Hassan Rouhani inaugurated the expansion, carried out with an investment of $1 billion including $235 million from India, which has more than tripled the port's capacity to 8.5 million tonnes a year, state television reported. Click here to read full stories.

Dec 07 - Total to supply LNG fuel for CMA CGM's future container ships 

Total will supply liquefied natural gas (LNG) to CMA CGM to fuel the container shipping group's future very large vessels, the French companies said on Monday. CMA CGM had said last month it would use LNG to power the nine extra-large vessels it has on order, a first such move in a shipping industry grappling with how to comply with tougher rules on emissions.  Click here to read full stories.

Dec 07 - Russia will boost transport subsidies to speed grain exports in 2018 

Russia will spend 2 billion roubles ($34 million) in grain transportation subsidies to help to speed exports in 2018, the Deputy Agriculture Minister said on Thursday. Already among the world's largest wheat exporters, Russia is trying to step up a gear after this year's record crop, which is keeping its grain storage, railway transport and export infrastructure working at maximum capacity. Click here to read full stories.

Dec 07 - Port Hedland China iron ore exports flat in Nov at 35.2 mln/T - Pilbara Ports 

Iron ore shipments to China from Australia's Port Hedland terminal were flat at 35.2 million tonnes in November compared with October, port data released on Wednesday showed. Total November iron ore shipments from the world's biggest export terminal for the steelmaking raw material were also flat at 41 million tonnes, according to the Pilbara Ports Authority. Click here to read full stories.

Dec 07 - Dubai's DP World raises stake in Brazilian port to 100 pct 

Dubai ports operator DP World said on Monday it had completed the purchase of an additional 66.67 percent stake in Empresa Brasileira de Terminais Portuários (Embraport), Brazil's largest private multi-modal port terminal. DP World purchased the stake from Odebrecht Transport (OTP), the parent company of which has been selling assets since being caught up in one of Brazil's biggest corruption scandals. Click here to read full stories.

Dec 06 - New Player Propeller Fuels Launches into UK Bunker Market
"Key to our plans today are to establish a bunker supply platform that is ready for 2020," partner Robert Thompson tells Ship & Bunker.

Dec 06 - The World is Changing. Where Does the Bunker Industry Stand?
"Will we remain a simple commercial part of this game or makers of new markets?" Mustafa Muhtaroglu, Founder, Energy Petrol writes for Ship & Bunker.

Dec 06 - Small Tanker Arrested in Singapore
Ship believed to carry oil products

Dec 05 - MPA Proposes Voluntary Bunker Consumption Data Collection Scheme
To ensure smooth transition to mandatory scheme from 2019

Dec 05 - Total Inks Ten-Year Deal to Supply CMA CGM Newbuilds with LNG Bunkers
The long term deal is at significant volume.

Dec 05 - Fear Over U.S. Taking Advantage of OPEC Extension Prompts Crude Price Dip
However, predictions of a U.S. drawdown caused prices to escalate in Asian trade early Tuesday.

Dec 05 - Post-2020 Bunker Price Uncertainty Preys on Shipping Industry
Hedging one approach but market unknowns loom large

Dec 05 - Wooden dams and river jams: U.S. strains to ship record grains 

America's worst traffic jam this fall occurred on the Ohio River, where a line of about 50 miles of boats hauling grains and other products turned into a waterborne parking lot, as ship captains waited for the river to reopen. Such delays are worsening on the nation's waterways, which are critical to commerce for the United States, the largest grain exporter in the world. Of the country's $40 billion in annual grain and soybean exports, about 60 percent is moved by barges on rivers, including the Ohio. Click here to read full stories.

Dec 05 - Indian oil refiners issue tanker tenders aimed at boosting domestic shipping 

Two of India's state-owned oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies, tender documents reviewed by Reuters showed, which would boost domestic shipping firms battered by slumping tanker rates. India's Ministry of Shipping asked the refiners to issue long-term crude import tenders on a pilot basis and include a right of first refusal for Indian shipping lines, a government source familiar with the matter said on Monday. Click here to read full stories.

Nov 30 - S.Korea's Pan Ocean wins $1.8 bln deal to ship iron ore for Brazil's Vale

South Korean shipper Pan Ocean said on Thursday that it had won a 1.98 trillion won ($1.82 billion) contract to transport iron ore over a period of 27 years for Brazilian mining giant Vale. Pan Ocean said in a filing with the Korea Stock Exchange that the contract with Vale involved shipping iron ore from Brazil to China from 2020 to 2047. Click here to read full stories.

Nov 30 - Shipping group CMA CGM powers ahead, founder retires 

Shipping company CMA CGM reported another quarterly rise in sales and profit on Friday, helped by improving freight rates after a prolonged sector downturn that sparked large-scale consolidation.  French-based CMA CGM, the world's third-largest container shipping group, posted a third-quarter net profit of $323 million, up from $219 million in the previous quarter and a $268 million loss a year earlier. Click here to read full stories.

Nov 30 - Noble Group to sell four ships to cut debt 

Struggling commodity trader Noble Group Ltd said on Wednesday it would sell four dry bulk carrier vessels for about $95 million, as it looks to cut debt to keep its business running. Net proceeds from the disposal, following repayment of bank loans associated with the ships and other costs, will amount to about $30 million, the company said in a statement. Click here to read full stories.

Nov 30 - Extra port capacity to boost Russia's grain exports in 5 years - minister 

The expansion of grain export capacity at Russian ports will boost the country's grain shipments by 30 million tonnes annually from 2022, Agriculture Minister Alexander Tkachev was quoted as saying on Tuesday. Russia is one of the world's largest wheat exporters and its total grain exports are expected to hit a record 45 million tonnes in the 2017/18 marketing year, which began on July 1, but limited infrastructure has put a brake on further growth, analysts say.  Click here to read full stories.

Nov 30 - China to subsidise grain transportation and storage facilities 

China plans to subsidise grain transportation and storage facilities in the latest push by Beijing to modernise the world's largest agriculture sector. Beijing will subsidise projects upgrading or building facilities to load and receive grains along main railways and ports for major waterways including the Yangtze and Pearl rivers, a document issued by China's National Development and ReformCommission (NDRC) said on Friday. Click here to read full stories.

Nov 30 - UK shipping firm Clarkson reports cyber attack 

British shipping services provider Clarkson Plc on Wednesday said it was the victim of a cyber security hack and warned that the person or persons behind the attack may release some data shortly. The company's disclosure, while a relatively rare event in Britain, follows a series of high-profile hacks in corporate America. Click here to read full stories.

Nov 30 - Embracing Tech, Digitalization, Transparency All Key to Success in Singapore Bunker Market, Says New Physical Supplier
"We are aiming for above average market growth," CNC Petroleum's Chief Executive Officer, Sean Chua, tells Ship & Bunker.

Nov 30 - Successfully Benchmarking Your Bunker Buying
Every company adopts a different approach ranging from "I don't mind who you use as long as it's x under the market" to highly structured approaches, Paul Hardy writes for Ship & Bunker.

Nov 30 - Know Your Counter Party: Australia Bunkering
High prices mean Australia has always been a "top-up" country for bunkers, but there are almost never any quality or quantity issues, Nick Bond tells Ship & Bunker.

Nov 29 - Noble Group to sell four ships to cut debt 

Struggling commodity trader Noble Group Ltd said on Wednesday it would sell four dry bulk carrier vessels for about $95 million, as it looks to cut debt to keep its business running. Net proceeds from the disposal, following repayment of bank loans associated with the ships and other costs, will amount to about $30 million, the company said in a statement. Click here to read full stories.

Nov 28 - Bunker Tanker Arrested in Singapore
UE Star was detailed following action taken by local law firm Haridass Ho & Partners.

Nov 28 - Peninsula Gets Capital Boost from Banks
New players join syndicates adding to company's coffers.

Nov 28 - All Products Now Meet ISO 8217:2017 Specs, Says ExxonMobil Marine Fuels
Updated standard includes revisions addressing curent industry trends 

Nov 23 - Germany's top banks step up efforts to offload toxic shipping debt 

Top national lenders Deutsche Bank and Commerzbank are stepping up efforts to offload distressed shipping loans, finance sources said, as the German banking system grapples with $100 billion in toxic debt from the sector. While the shipping sector is showing signs of recovery after a near-decade long downturn, it is still struggling with an excess of ships and sluggish growth in global trade, which has led to some shipping companies going to the wall. Click here to read full stories.

Nov 23 - France to push LNG as shipping fuel - PM 

France will support the uptake of liquefied natural gas (LNG) as a cleaner fuel for ships by encouraging ports to develop the necessary infrastructure, its prime minister said on Tuesday. LNG has been promoted as an alternative to fuel oil for a shipping sector facing tougher emissions standards from 2020, and French-based container shipping giant CMA CGM said this month it would be the first to use LNG to power giant container ships. Click here to read full stories.

Nov 23 - Kenya's Mombasa port traffic up 10 pct in Jan-Sept 

Kenya's main port, Mombasa, handled 10.6 percent more cargo in the first nine months of this year, helped by an expansion of its handling capacity and a new railway system, the port’s management said on Monday. Activity in east Africa's biggest port is considered a measure of economic activity for the region. Mombasa handles imports such as fuel for Uganda, Burundi, Rwanda, South Sudan and eastern Democratic Republic of Congo. Click here to read full stories.

Nov 23 - Bunker One: A New Direction for Bunker Trading or a Natural Step Towards the Inevitable?
Industry veteran Steve Leonard and 2020 Marine Energy's Adrian Tolson give Ship & Bunker their views on the latest venture from Bunker Holding.

Nov 23 - New Bunker Trading Outfit Sets Sights on Middle East Regional Market
Dubai-based Ennero tells Ship & Bunker that performance and innovation are its guiding principles.

Nov 23 - Good Time to Hedge Bunker Fuel Costs in Run up to 2020, Says FIS
High/low sulfur spread widens as it moves towards 2020 

Nov 22 - Baltic Dry Index to be revamped. Handysize Time Charter average to be removed ( Lloydslist )
THE Baltic Dry Index, seen as the most credible indicator of the future health of the entire dry bulk shipping market, is to undergo a makeover in the new year.
The Baltic Exchange plans to completely remove the handysize time charter average from the BDI and increase the weighting for the rest of the segments from January 2.
The Baltic Exchange has been undertaking a review of all its dry indices and assessments in terms of route description, individual weightings and the balance between the Atlantic and Pacific basins to make sure its benchmarks accurately reflect shifts in the global fleet and cargo movements.

Nov 21 - IMO 2020: No Fuel Choice Will Avoid Inevitable Requirement to Install Scrubbers, Says EGCSA
A study finds the use of low sulfur fuels within ECAs has resulted in more toxic emissions for certain populations.

Nov 21 - The Importance of Experience and the Changing Dynamics of the Bunker Market
Where we have lost ground over time is our overall understanding of the market, Paul Hardy writes for Ship & Bunker.

Nov 21 - AISSOT Hails Historic Crude Oil Transportation from Iraq
AISSOT also says its new bunkering operations has now bunkered more than 50 vessels.

Nov 21 - LR Bunker Tips: Portable Electronic Thermometer (PET)
"A temperature discrepancy of just 1-2 deg C can cause a large discrepancy in the bunker delivery quantity," Chris Bieda, Service Delivery, Lloyd's Register GMT, writes for Ship & Bunker.

Nov 17 - Bunker Holding's Bunker One to Streamline Services to Top Tier Clients
New company based in London and Singapore, BH tells Ship & Bunker.

Nov 17 - Bunker Industry Must Ensure Supply of High Sulfur Fuel Oil Bunkers Continues Beyond 2020: IMO
Writing for Ship & Bunker earlier this week, NSI's Paul Hardy suggested limited demand could make keeping barges as designated HSFO tricky.

Nov 17 - Singapore's New Concurrent Bunkering Service Saving Tankers Time and Money: BW Group
"Whether more terminals will jump on this bandwagon in allowing more tankers to bunker at terminals, only time will tell," Sean Warr, Bunker procurement, BW Group, tells Ship & Bunker.

Nov 17 - Fire hits Freeport Indonesia port facility in Papua

A fire broke out at the main port used by copper miner Freeport-McMoRan Inc in Papua, Indonesia, on Thursday night, the company said. The fire occurred at the Amamapare port in a plant where copper concentrate from the giant Grasberg copper mine is processed before loading onto vessels for shipping. Click here to read full stories.

Nov 16 - Ships will be "unseaworthy" if miss sulphur emission rule - IMO 

Ships which do not meet cuts to the amount of sulphur they can burn in their engines risk being declared "unseaworthy", the International Maritime Organization (IMO) said on Thursday.Shippers and refiner are not sure how they will comply with rules finalised last year which require ships worldwide to cut sulphur emissions from 3.5 to 0.5 percent by 2020.  Click here to read full stories.

Nov 16 - Black Sea wheat shipments to India threatened by import tax hike

India's decision to raise its wheat and peas import tax will reduce the flow of wheat shipments from the main Black Sea producers Ukraine and Russia and has already hit the Russian market for peas, traders and analysts said.India has doubled its import tax on wheat to 20 percent on Wednesday, as the world's second biggest producer tries to rein in imports to support local prices. Click here to read full stories.

Nov 16 - China's Jisco set to ship first Jamaican alumina cargo - chairman 

China's state-owned Jiuquan Iron & Steel Group (Jisco) will this month ship the first cargo of alumina from its Alpart refinery in Jamaica to China, the company's chairman said on Thursday, outlining plans to build a second alumina plant at the site.The cargo will depart Jamaica on Nov. 23, said Jisco chairman Chen Chunming, addressing participants at the China Aluminium Week conference in Fuzhou. Click here to read full stories.

Nov 16 - Argentina says to reduce cost of docking services in Rosario ports

Argentina's government will cut the cost of docking services in the ports of Rosario, the country's main agricultural hub, by 30 percent when it implements a maximum rate for entry and exit guide services in December, an official told Reuters on Wednesday. The official decision is part of President Mauricio Macri's crusade to lower the costs of producing and exporting grains to boost economic growth in the world's No. 3 soy and corn exporter. Click here to read full stories.

Nov 16 - There Will Be No Delay to January 1, 2020 Start Date for New 0.50% Global Sulfur Cap: IMO
Some industry participants believe that, like the recent two-year extension for compliance with the Ballast Water Management Convention, a delay to IMO 2020 is possible.

Nov 16 - Singapore's New Concurrent Bunkering Service Saving Tankers Time and Money: BW Group
"Whether more terminals will jump on this bandwagon in allowing more tankers to bunker at terminals, only time will tell," Sean Warr, Bunker procurement, BW Group, tells Ship & Bunker.

Nov 16 - Bunker Industry Must Ensure Supply of High Sulfur Fuel Oil Bunkers Continues Beyond 2020: IMO
Writing for Ship & Bunker earlier this week, NSI's Paul Hardy suggested limited demand could make keeping barges as designated HSFO tricky.

Nov 16 - What Is the Role of the Bunker Broker in the Internet Age?
"The challenge today is no longer a lack of information but rather sorting the signal from the noise," Oil Front's Danny Soos writes for Ship & Bunker.

Nov 14 - IMO 2020: Barging, Not Bunker Pricing or Product Avails, Will Make or Break the Case for Scrubbers
"The fuel might be sourcable but keeping barges as designated HSFO with only limited demand for supply maybe more tricky," Paul Hardy writes for Ship & Bunker.

Nov 14 - Singapore Sees Fewer Calls for Bunkers in October, but Overall Volume Remains Flat at 4 Million mt
October also saw the lowest sales volume of 500 cSt material since February 2016.

Nov 14 - New Physical Bunker Supplier in Singapore
There are currently 55 licenced bunker suppliers in Singapore.

Nov 10 - New Malaysian Player Commences First Bunker Operation, Eyes Worldwide Expansion
There is much potential for the physical supplier in a "very fragmented and unregulated" Malaysian bunker market, Director Richard Ho tells Ship & Bunker.

Nov 10 - Citibank Again Warns OPEC Supporters to Brace for Disappointment in Vienna
Meanwhile, Goldman Sachs sees prices falling after OPEC's meeting later this month.

Nov 09 -
Russia aims to boost grain export capacity by 50 pct

Russia, one of the world's largest wheat exporters, aims to increase its grain export capacity by 50 percent to 7.5 million tonnes a month within three years, Russian First Deputy Agriculture Minister said on Thursday. Russia's grain exports are expected to hit a record 45 million tonnes this 2017/18 marketing year, which started on July 1, but limited infrastructure has put a brake on further expansion, analysts have said.  Click here to read full stories.

Nov 09 - Shipping firm CMA CGM chooses LNG to power new vessels

Container shipping giant CMA CGM said on Tuesday that it would use liquified natural gas (LNG) to power nine extra-large vessels it has ordered, in a first for an industry grappling with how to comply with tougher rules on emissions. LNG has been promoted as an alternative to bunker fuel oil for shipping lines facing a 2020 deadline to meet new international standards on sulphur emissions. Click here to read full stories.

Nov 09 - Australia's Port Hedland China iron ore exports fall 4.1 pct in Oct

Iron ore shipments to China from Australia's Port Hedland terminal fell 4.1 percent to 35.2 million tonnes in October from 36.7 million tonnes in September, port data released on Thursday showed. Overall, October iron ore shipments from the world's biggest export terminal for the steelmaking raw material dipped to 41 million tonnes from 43.4 million tonnes in September, according to the Pilbara Ports Authority. Click here to read full stories.

Nov 09 - EU regulators clear Belgian tax measures for shipping companies

EU competition authorities approved on Monday Belgian tax measures for the shipping industry after the country pledged to open the scheme to all ships flying a European flag. The European Commission said the measures would ensure higher social, environmental and safety standards in Europe. Click here to read full stories.

Nov 10 - New Malaysian Player Commences First Bunker Operation, Eyes Worldwide Expansion
There is much potential for the physical supplier in a "very fragmented and unregulated" Malaysian bunker market, Director Richard Ho tells Ship & Bunker.

Nov 10 - Citibank Again Warns OPEC Supporters to Brace for Disappointment in Vienna
Meanwhile, Goldman Sachs sees prices falling after OPEC's meeting later this month.

Nov 09 -
Rising Ohio River halts shipping near Paducah, Kentucky

Rising water on the Ohio River forced the U.S. Army Corps of Engineers to close locks and dam 52 in Paducah, Kentucky, on Tuesday, halting commodity shipping on the busiest stretch of the U.S. river system for at least the third time in two months, industry sources said. Twenty-two towboats hauling more than 200 barges loaded with commodities such as grain, fertilizer, coal and steel were stalled at the nearly 90-year-old locks and dam,according to U.S. Army Corps of Engineers data. Click here to read full stories.

Nov 09 - Transocean's Exit from Singapore to Have Limited Market Impact:
Company not commenting on situation it tells Ship & Bunker

Nov 09 - OPEC Unlikely to Announce Prolonged Cutback Extension Later This Month: Citigroup
Many factors, including growing demand in China, may prompt OPEC to rethink its strategy.

Nov 07 - Mass Saudi Arrests Cause Oil to Surge to Two Year High and Predictions that the Next Stop is $70
But John Kilduff says higher prices will merely galvanize more U.S. production.

Nov 07 - The Bunker Industry: Are We Really That Bad?
"In order to judge this rationally we must look and compare the bunker industry with other large turnover small margin industries," Paul Hardy, NSI, writes for Ship & Bunker.

Nov 07 - Singapore: MPA Revokes Bunker Supply Licence of Top 10 Supplier Transocean Oil
MPA checks in March and April this year showed "falsifications of records and discrepancies in the stock movement logbooks" on Transocean's bunker tankers.

Nov 02 - Back from the abyss: South Korea's shipbuilders begin ascent to growth

Sparks light up the night-shift at giant shipyards on Korea's southeast coast, as welders and fitters at some of the world's biggest marine engineers forge next-generation container ships, oil rigs and even ice-breaking tankers in a bid to clamber out of a global industry abyss. Sunk by drastic cuts in orders from customers hit by the 2008 financial crisis, South Korea's shipping landscape has been littered with bankruptcies and billion-dollar losses. But some, like Busan's DSME, are adding innovation to craftsmanship to tap new demand for nimbler ships and offshore energy platforms. Click here to read full stories.

Nov 02 - COSCO Shipping plans $2 bln share sale to build ships

COSCO Shipping Holdings said on Monday it would raise 12.9 billion yuan ($2 billion) through a share sale to build new ships as it returned to profit for the first nine months of the year. The Chinese shipping giant reported a profit of 2.7 billion yuan for the nine months to September, after making a loss of 9.2 billion yuan over the same period last year. Click here to read full stories.

Nov 02 - Cargo ship with 10 crew sinks in Black Sea, coast guard reports

A Turkish cargo ship with 10 crew on board sank in the Black Sea near the Asian side of Istanbul early on Wednesday morning, according to the coast guard. The cause was still unclear. The ship, Bilal Bal, was carrying cast iron from Turkey's northwestern province of Bursa to the northern province of Zonguldak, the Dogan news agency reported. Click here to read full stories.

Nov 02 - Aegean to Exit Singapore Bunker Market as a Physical Supplier
"All deliveries and contracts that we have booked with clients' vessels, cargo providers and barge contractors will be fulfilled," says Aegean President Jonathan Mcilroy.

Nov 02 - Generous Bunker Credit Terms Could Become a Thing of the past Come 2020
"A trader with deep pockets providing extended terms to customers will win more business than the trader who needs to keep a close eye on his cash flow," Bomin's Paul Millar tells Ship & Bunker.

Nov 02 - WFS: Intermediaries Have Much to Offer the Bunker Market
Ship owners and bunker traders can enjoy very successful direct relationships - in the right circumstances

Oct 27 - The Real Difference Between a Broker and a Trader
"As a former trader I was struck by the fact that my value was directly correlated to how tightly I held onto the proprietary information I had," Paul Hardy writes for Ship & Bunker.

Oct 27 - Traders Ignore Troubling U.S. inventory Buildups and Propel Crude to Multi-Month Highs
However, their ability to ignore bad news may be tested within 24 hours by Venezuela's debt payback issue.

Oct 27 - Shipping companies may adopt LNG as fuel faster than expected on carbon regulations - BSM

The shipping industry may adopt liquefied natural gas (LNG) as a fuel faster than expected because of stricter environmental regulations that target carbon dioxide emission, according to an executive at maritime agency Bernhard Schulte Shipmanagement (BSM). The Energy Efficiency Design Index (EEDI) regulation enacted by the International Maritime Organization (IMO) in 2013 will require newly built ships to emit less carbon dioxide (CO2) and that will drive shippers to move toward LNG as a fuel when placing orders for new vessels, said Angus Campbell, corporate director energy projects at BSM. Click here to read full stories.

Oct 27 - Southeast Asia, India turn to coal for power, imports expected to jump

Southeast Asia and India are set to pick up the slack and drive global coal demand through 2040 as China cuts use of the fossil fuel to fight pollution, forecasts from the International Energy Agency and Wood Mackenzie show. India and Southeast Asia will account for the bulk of increased coal use in the decades ahead as they rely on one of the cheapest sources of power to supply electricity, although pollution concerns have delayed some projects. Click here to read full stories.

Oct 26 - Aramco IPO and Other Factors Will Cap Crude at $60/bbl "For Many Years into the Future"
Few analysts think oil will stay anywhere but range bound due to a host of circumstances.

Oct 26 - Ravi Prakash Launches New India-Based Bunker & Lubes Company
"Spectra Fuels' approach to the bunkering needs of our customers is consultative and collaborative rather than pure selling," Prakash tells Ship & Bunker.

Oct 26 - Saudis Talk Up Demand as Even Big Oil Eyes the End of the Crude Era
About $6.2 billion has been spent by the majors to date in acquiring stakes of green energy firms.

Oct 26 - Sinanju Marine Services Makes First Concurrent Bunkering Operation at Singapore
"Safety is of utmost importance to us," SMS's Desmond Chong told Ship & Bunker.

Oct 26 - Spot Brazilian coffee supplies tighten on shipping cuts -importers

Supplies of prompt Brazilian coffee have tightened in the United States and Europe as importers say some shipping companies are cutting container availability from the world's biggest grower. Brazilian coffee exporters warned importers that some shippers are reducing container capacity by up to 20 percent to northern Europe, while U.S. importers said they are facing tightened availability in November and December.

Oct 24 - OceanConnect Marine Launches New Hong Kong Office with Former Bomin Traders
"We are excited to broaden the company's horizons in the Asia region, and we look forward to rocking the world!," says OCM's Susanna Lai.

Oct 24 - LR Bunker Tips: Flowmeters
"A flowmeter should be treated as a another useful tool to use in the transfer of bunkers," Chris Bieda, Service Delivery, Lloyd's Register GMT, writes for Ship & Bunker.

Oct 24 - Arrest Warrant for Italian Bunker Executive over Alleged Link to Libyan Fuel Smuggling Probe
Company taken by surprise by move

Oct 24 - Sohar Bunkering Hub Plans Rest on Solid Foundations
The port's management explains to Ship & Bunker how and why that ambition will become a reality.

Oct 20 - Peninsula Petroleum to Launch New Physical Bunker Supply Operation in Los Angeles & Long Beach
"The move should be seen in a wider context: Peninsula Petroleum provides global solutions to both our clients and supply partners," CEO John Bassadone tells Ship & Bunker.

Oct 20 - India's Bunker Suppliers Need More Than Small Mercies
"If it follows California's path, Indian bunkering may never reach the potential that has long been envisioned," Adrian Tolson writes for Ship & Bunker.

Oct 20 - Gunvor Predicts Wide High/Low Sulfur Price Spread Post-2020
Biggest spec change ever, says CEO Torbjorn Tornqvist

Oct 20 - OPEC Chief Says No Demand Peak in Sight for Crude as U.S. Approaches All-Time High Output
Norway also says crude will dominate the energy market for "decades" to come.

Oct 20 - China's Huanghua port will cut coal, boost LNG, crude volumes - official 

Huanghua port in Hebei province will cut the amount of coal it handles and boost volumes of crude oil and liquified natural gas (LNG), an official for the city of Cangzhou where the port is located said on Thursday. The city will speed up construction of 300,000-tonne crude oil terminal and 160,000 cubic metre terminal at Huanghua, he said.  Click here to read full stories.

Oct 20 - China to take 70 percent stake in strategic port in Myanmar - official 

China has agreed take a 70 percent stake in a strategically important sea port in Myanmar, at the lower end of a proposed range amid local concerns about Beijing's growing economic clout in the country, a senior government official said. Oo Maung, vice chairman of a government-led committee overseeing the project, said Myanmar had pushed for a bigger slice of the roughly $7.2 billion deep sea port, in western Rakhine state, in negotiations with a consortium led by China's CITIC Group. Agreement was reached in September, he said. Click here to read full stories.

Oct 19 - The case of the missing crew members (AlphaBulk)
Ryanair announced a few weeks ago the cancellation of 18,000 flights on 34 routes affecting 400,000 passengers! This came just a few days after Ryanair had announced a first wave of cancellations affecting 315,000 passengers. So that’s nearly three-quarters of a million passengers who were notified at short notice that their flight had been cancelled between then and early 2018!
- What is the reason? A simple shortage of crew! Those of you who visit London regularly, and are brave enough to use the Tube and/or the train system, will have heard a similar excuse among the myriad deployed for why your train is running late or is cancelled: a lack of drivers!
(The other famous excuses being: a lack of trains, the wrong kind of snow, a lack of radio equipment, signal failure, leaves on the track, rain, a points breakage…)
- Of course we don’t have leaves on the track or point breaks but if you believe some reports in shipping, we do have a shortage of seafarers and this issue is making the headline at regular intervals:  
- In its 2005 report “Manpower 2005 update”, Bimco and the International  Shipping Federation (ISF) predicted a 6% shortage of seagoing officers in 2015.  
- IMO declared 2010 as the Year of the Seafarer. Following this, in 2011 Deloitte produced a report addressing “a growing concern that many companies in the shipping industry face – the ability to recruit and retain sufficient numbers of skilled seafarers to staff and operate their vessels”. Will shipping have the same problems with crew shortages  as the airline industry?

Oct 19 - COFCO delays $20 mln port hub in southern Brazil

A division of Chinese commodity trader COFCO has delayed completion of a $20 million port hub in southern Brazil, three sources told Reuters, as it struggles to reorganize operations after merging its Nidera BV and Noble Agri businesses. The transshipment hub on the bank of the Sinos river, which is still under construction, is expected to move 850,000 tonnes of grains per year - from trucks to barges bound for Rio Grande for export, and receive imported wheat shipped through that port. Click here to read full stories.

Oct 19 - Panamax Freight Rates At Highs On US Grain Exports (Dow Jones)
Freight rates for medium-size Panamax, dry bulk hit their highest level in more than three years on bumper US Gulf grain shipments and not enough capacity to move them. "We have shippers booking in advance as they expect rates to move even higher," a Singapore broker said. Panamaxes are booked at around $13,250, the highest since the early months of 2014. JP Morgan said sailings are backed by record third quarter Chinese soybean imports from North and South America and brokers said freight rates could further climb over the next four months.

Oct 18 - LR Bunker Tips: Lets Talk About Sampling
Taking representative samples ensure you have a full idea of the quality of the fuel you are planning to burn on your vessel, Chris Bieda, Service Delivery, Lloyd's Register GMT, writes for Ship & Bunker.

Oct 18 - World Fuel Services Appoints New Chief Operating Officer
Jeff Smith, formerly of IBM, has been appointed Executive Vice President and COO of the company to accelerate WFS' digital transformation.

Oct 18 - 2020 Compliance: IMO to Discuss Heavy Fuel Oil Carriage Ban
Sub-committee meets in February to tackle the issue

Oct 16 - JPMorgan Sees Brent at $47 in 2018, Others See Prices Falling to $10 Within 8 Years
Once more, Trump is viewed as the heavy for getting tough on Iran and potentially triggering the price drop.

Oct 16 - Oil Traders See Refining Opportunities in Post-2020 Bunker Market
Scrubber take up too limited but storage, blending view positively.

Oct 13 - 2020: The New Golden Age of Broking?
"2020 ushers in a new dawn of three tier products and multiple tier pricing. For the buyer this creates a three fold problem," Paul Hardy writes for Ship & Bunker.

Oct 13 - IEA Sees a Balanced Oil Market in 2018 Despite Rising Output
However, it stresses that OPEC will have to adhere closely to its cutbacks for the balance to be achieved.

Oct 13 - U.N. bans four ships over N.Korea coal, U.S. delays four more 

The United Nations Security Council has banned four ships from ports globally for carrying coal from North Korea, including one vessel that also had ammunition, but the United States postponed a bid to blacklist four others pending further investigation.The vessels are the first to be designated under stepped-up sanctions imposed on North Korea by the 15-member council in August and September over Pyongyang's sixth and largest nuclear test and two long-range ballistic missile launches. Click here to read full stories.

Oct 13 - Russia setting up direct shipping line to Syria - TASS 

Russia is setting up a direct shipping line to Syria and wants its companies to help build an economic recovery in the war-torn Middle Eastern country, the TASS news agency quoted Russian Deputy Prime Minister Dmitry Rogozin as saying on Tuesday.The report did not specify what a direct shipping line would entail, but any increase in agricultural and other supplies from Russia or help in reviving exports would be a boost for Syrian President Bashar al-Assad. Click here to read full stories.

Oct 13 - Gunvor to grow shipping, targets ventures with partners 

One of the world's largest oil traders, Gunvor Group, plans to grow via ventures and could acquire stakes in businesses such as shipping or refining with partners, its founder Torbjorn Tornqvist told Reuters.Such ventures would be an alternative way of accessing capital as opposed to a sale of stakes in the company, in which Tornqvist still owns around 64 percent with the rest belonging to some 200 employees. Click here to read full stories.

Oct 12 - South Africa's Durban Port remains closed after severe storm

South Africa's largest port remains closed on Wednesday after vessel movements were suspended when a severe storm lashed the coastal region resulting in at least eight deaths in the province, a port official said. The Durban Port manager Moshe Motlohi told Reuters it was still too early to assess the extent or costs of damages to sub-Saharan Africa's largest port, which is a key transit point for commodities such as maize. Click here to read full stories.

Oct 12 - Physical Suppliers Need to Step Up Now to Address Real Uncertainty Over 2020: Bomin
"Owners and operators really need our energy and knowhow to help them navigate this fundamental transition within the industry," Jan Christensen, Global Head of Bunker Operations, tells Ship & Bunker.

Oct 12 - Lukoil CEO Says Oil Cutbacks Should End if Oil Hits $60, But Most See Lower Prices in 2018
U.S. producers doubt prices will reach $70 until the next decade.

Oct 10 - Number of Accredited Bunker Suppliers in Singapore Falls to 55
The drop follows the exit of Uni Petroleum Pte Ltd who decided not renew its bunker supplier licence, the company has confirmed to Ship & Bunker.

Oct 10 - Singapore: 50% Port Dues Concession for Double Hulled Bunker Tankers to End
Bunker tankers with keel laid date before January 1, 2018 will continue to receive the 50% port dues concession until they reach 5 years of age.

Oct 10 - Singapore Floating Oil Storage Declines Coincide with Saudi's Aramco Making Deepest Cuts Yet for Market Stability
The kingdom says it is leading by example in advance of OPEC's November summit to discuss cutback extensions.

Oct 10 - Market Flat as Traders Shrug off More OPEC Talk That Its Crude Cutbacks Are Working
Meanwhile, OPEC's September figures show an increase in production.

Oct 06 - Disintermediation and What Technology Can NOT Do for the Bunker Industry
"To buy bunkers wholly online is to buy a book without knowing the title or if the last page has been removed. This is why we need human interaction," Paul Hardy writes for Ship & Bunker.

Oct 06 - Vitol Sees Shale Pressuring Prices in 2018, but Russia and Saudis Claim to Welcome More U.S. Production
Both parties believe the market can absorb any additional output.

Oct 06 - Glencore-led Australian coal port eyes $3 bln debt rejig -sources 

Mining giant Glencore and its partners are proposing to repay part of $3 billion owed on the world's most expensive coal terminal, two lenders familiar with the matter said, in a bid to stave off a rapidly approaching deadline for full repayment. If the refinancing fails to go ahead by next September, loan terms require Glencore and four remaining partners in Wiggins Island Coal Export Terminal (WICET) on Australia's east coast to pay off the full amount over the following decade. Click here to read full stories.

Oct 05 - Soaring river freight hits farmers as grain prices slide 

U.S. farmers are running out of options for their just-harvested corn and soybeans as delays on the Mississippi River, the main conduit for crops to export markets, cause shipping backlogs, while grain storage on the river's banks is filling up.Low river levels and back-ups at ageing locks have slowed navigation on the Mississippi and its tributaries and driven the cost of hauling Midwestern crops to Gulf Coast export terminals to near-record highs. Click here to read full stories.

Oct 05 - Native title deal opens way for Australia's Port Hedland expansion 

A native title agreement between a remote Aboriginal tribe and an Australian state government has opened the way to expand the world's largest iron ore export terminal.The Port Hedland terminal, located on the north-western coast of the state of Western Australia is the main port through which iron ore travels from the Pilbara district to China. Click here to read full stories.

Oct 05 - Argentina ports open bids for dockworker contracts in defeat for union 

Argentina's port industry group has invited six organizations to compete for dockworker contracts at the Rosario grains export hub, as the government seeks to cut costs in the heavily unionized sector, the group's leader told Reuters on Friday.President Mauricio Macri's government this week forced the United Port Workers' Union to open up loading and unloading contracts to competitive bidding, part of his broader effort to confront the country's powerful unions and lower business costs. Click here to read full stories.

Oct 05 - Trump orders shipping restrictions lifted for storm-hit Puerto Rico 

U.S. President Donald Trump lifted restrictions on foreign shipping on Thursday to help get fuel and supplies to Puerto Rico as the U.S. territory reels from the devastation of Hurricane Maria, the White House said.Trump, at the request of Puerto Rican Governor Ricardo Rossello, "has authorized the Jones Act be waived for Puerto Rico. It will go into effect immediately," White House spokeswoman Sarah Sanders said in a Twitter post. Click here to read full stories.

Oct 05 - S.Africa's Transnet to spend additional $6 billion on ports, railways over three years 

South Africa's state-owned freight logistics group Transnet will invest an additional 84 billion rand ($6 billion) over the next three years to increase capacity at ports and railway lines, the Department of Public Enterprises (DPE) said on Wednesday.However, Transnet does not expect to meet a target of 330 million tonnes of freight rail by the end of the 2018/19 financial year, due to a domestic and global economic downturn, the DPE's latest annual report tabled in parliament showed. Click here to read full stories.

Oct 05 - Shipbrokerage: how many divisions ? (AlphaBulk)
- BHP Billiton have not yet celebrated booking the freight for their 100th iron ore cargo on the internet but they will shortly be doing so. They have also booked for the first time the freight for a coal cargo on their e-portal. Many other initiatives are underway, so suddenly there is a sombre mood percolating through the rank and file in ship brokerage. Is a massive “cull” on its way?
- But before we try to assess what could be the impact in terms of the reduction of bums on seats in brokerage firms due to e-fixing, let us try to establish the contours of this ship brokerage industry. Although there are a number of associations around the world and even a federation of these associations, there are no studies available on the total number of companies active worldwide in ship brokerage, nor on the number of staff these companies employ. So somebody had to resort to good old research, going through the web to populate a spreadsheet with names and numbers.  
- As however there is no international association with a members list, once the main well-known firms were listed we took the view that, like in most human activities, the Pareto law, the famous 20/80 or 80/20 law, was a good proxy. Thus, we extrapolated from our core of well-known companies, and the information they give on their websites, to gauge the full extent of the ship brokerage industry.  
- Simply put, in order to arrive at our overall figure we posited that the number of brokerage companies we were able to list was only 20% of the total number of companies but that this 20% portion of the number of companies is employing 80% of the staff.

Oct 05 - Disintermediation and What Technology Can NOT Do for the Bunker Industry
"To buy bunkers wholly online is to buy a book without knowing the title or if the last page has been removed. This is why we need human interaction," Paul Hardy writes for Ship & Bunker.

Oct 05 - Russia Emerging as "Preeminent Energy Super Power": Croft
The former Soviet Union is doing so amid geopolitical tension gripping other oil producing nations.

Oct 05 - Brightoil Logs Request to Suspend Trading on Hong Kong Exchange After Delay in Annual Results Report
The news came as the company's board informed shareholders that Brightoil was be unable to publish its results announcement by September 30, 2017.

Oct 03 - Crude Prices Plummet Due to Rising OPEC Output, but Citigroup Insists Rally Will Continue
Meanwhile, events in Turkey and Nigeria suggest that further market turbulence lies ahead.

Oct 03 - Aegean Moves to Optimise Los Angeles / Long Beach Operations
Rumours that the supplier is considering exiting the West Coast market are untrue, Keith Richardson tells Ship & Bunker.

Oct 03 - Soaring river freight hits farmers as grain prices slide 

U.S. farmers are running out of options for their just-harvested corn and soybeans as delays on the Mississippi River, the main conduit for crops to export markets, cause shipping backlogs, while grain storage on the river's banks is filling up. Low river levels and back-ups at ageing locks have slowed navigation on the Mississippi and its tributaries and driven the cost of hauling Midwestern crops to Gulf Coast export terminals to near-record highs. Click here to read full stories.

Oct 02 - Ship Arrested in Singapore over Weekend
Vessel understood to belong to Taiwanese interests

Oct 02 - Viking Cruises Unveils Plan for Zero-Emission, Hydrogen-Powered Cruise Ship
The plans were unveiled the Norwegian Maritime Authority's Safety at Sea Conference in Haugesund by Serge Fossati, Viking Cruises' project manager.

Oct 02 - BIMCO: Shipping Can't Afford to Be Another Kodak
Papagiannopoulos warns the industry to not follow in the footsteps of Eastman Kodak, who "failed to grasp the significance of a technological transition that threatened its business," Steve Leonard writes for Ship & Bunker.