Freight

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.

Sep 29 - Still too early to call an end to containership over-supply
(AlphaLiner)
- The supply overhang of surplus containerships is not going to end soon, with weaker demand in the fourth quarter and a steady stream of new vessel deliveries expected to push idle vessel capacity to 0.8 Mteu by the end of the year. A further 1.6 Mteu of new ships are due to be delivered in 2018, and in the absence of a significant surge in scrapping, the overall capacity increase is unlikely to be absorbed by the end of 2018.
- Based on AlphalinerÂ’s current projections, the idle containership fleet will only be eliminated in the third quarter of 2019, taking over 10 years to fully clear out the supply overhang that has plagued the container shipping market since 2009.
- A potential wave of new orders, stimulated by the announcements over the past two weeks of a total of 20 ships of 22,000 teu contracted by CMA CGM and MSC with deliveries starting from H2 2019, could further extend the supply overhang. These new ships would bring the latest technologies aimed at reducing the energy consumption bills when the new low sulphur fuel rules are implemented in 2020, triggering a cascading that would make redundant smaller, older ships.

Sep 29 - Trump lifts foreign shipping restrictions for storm-hit Puerto Rico

U.S. President Donald Trumptemporarily 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. 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.

Sep 29 - Ivory coast cocoa port arrivals hit record 2 mln tonnes for season

Cocoa arrivals at Ivory Coast ports had hit around 2 million tonnes by September 24 since the start of the season on Oct. 1, the largest cocoa harvest ever seen in the world's top grower, exporters estimated on Monday. The figure was up by about a third from about 1.5 million tonnes in the same period of the previous season and breaks a world record for a single year's harvest from any cocoa exporting country. Click here to read full stories.

Sep 29 - Washington state denies key permit for U.S.-Asia coal export terminal

Washington state on Tuesday rejected a key permit needed for a proposed terminal to export coal to Asia, another blow to companies eager to sell Wyoming and Montana coal to Asian markets and to the Trump administration's policy of global energy dominance. Washington's Department of Ecology rejected a water quality permit for the Millennium Coal Terminal, one of several permits sought by the company to build what would be the largest coal export terminal in the United States. Click here to read full stories.

Sep 28 - Monjasa Emerges as Only Bunker Industry Finalist in Two Upcoming Maritime Award Events
"Both the bunker and shipping industries currently face increasing regulations and our efforts within this field target our customers and business partners," Monjasa tells Ship & Bunker.

Sep 28 - Scrubber Orders Rising but Big Uptake Some Way Off: Analyst
Peak interest in the technology came in the run up to 2015, and owners are now in "wait-and-see" mode, IHS analyst Krispen Atkinson tells Ship & Bunker

Sep 28 - Shell Sets Sights on More LNG Bunker Tankers
Third ship could be a conversion of an existing LNG/LPG carrier

Sep 28 - Dry Bulk Market : Is this finally the end of the tunnel?
(AlphaBulk)
- The dry bulk market has now convincingly risen from the dreadful lows of Q1 2016, to the extent that we now have a clear upward trend. This is shown in the main graph above using a 4th degree polynomial trend line formula (black line).
- Zooming in on the period since January 2016 offers an even more convincing view of the current market recovery, especially in the Capesize segment, as shown in the inset graph with the trend in the TC average for both the Capesize and Panamax segments.
And that is all but natural as the world dry bulk seaborne trade has continued to grow year-on-year since the collapse after the financial crisis in 2009, which we can clearly see in the graph right below which rebases trade at 100 in 2008.
- On the same graph, which also rebases the fleet at 100 in 2008, we can also see that the two-digit annual fleet growth has finally been reined in.
- So, the important thing to note about the graph right is that the two lines are not diverging any more. However, conversely neither are the two lines converging, which could be a potential sign of another incoming train.

Sep 26 - Sinking of Greek Bunker Tanker Draws Accusations of Sabotage, Illegal Bunkering Practices
The Greek Minister of Shipping comes under further pressure, while Maritime workers' union PEMEN wants the owner of oil spilled from Agia Zoni II to be named after vessel owner Theodoros Kountouris says he did not pay for it.

Sep 26 - Crude Prices Surge, but Analysts Warn that Oil Approaching $60 May Spur a New Wave of Overproduction
Meanwhile, other experts say a widening WTI//Brent spread is sending mixed signals about the true supply/demand status.

Sep 26 - South Korea Moves to Build Largest LNG-Powered Ships in the World
MOF and cooperating parties are set to sign a agreement on Tuesday to start the pilot project.

Sep 26 - Baltic Dry Index Breaks Above 1500 for the First Time in Over Three Years
The Baltic Dry Index gained 32 points today to reach 1502 - the first time the index has been above 1500 since April 24, 2014.

Sep 25 - Three Reasons Why We Need to Embrace Technology in Bunkering Now

"Today if you order a $15 pizza online you will get more information about its delivery than you will if you order a $1.5 Million bunker stem," Oilfront's Danny Soos writes for Ship & Bunker.

Sep 22 - Mixed Signals About Extension Talks Come in Advance of Friday OPEC Meeting
However, the cartel will reportedly consider export tracking to assess compliance.

Sep 22 - OPEC Unease Keeps Crude Prices Flat Despite Further Signs of Declining Inventories
The fear now is that rising prices will inspire less OPEC cutback compliance.

Sep 21 - CMA CGM sees calmer waters for container shipping, looks landwards 

The global container-shipping sector is in its strongest position in years thanks to sweeping consolidation and stronger economic growth, leaving it well placed to withstand competition from trains on major Asia-Europe routes, France's CMA CGM said. Container lines, which transport everything from televisions to fresh fruit and dominate global freight volumes, are emerging from a severe downturn that culminated in last year's collapse of South Korea's Hanjin Shipping. Click here to read full stories.

Sep 21 - CMA CGM confirms order for giant ships as market upturn lifts profits 

CMA CGM, the world's third-largest container shipping firm, said it expected operating profits to improve further in the second half as the market continues to recover, and confirmed an order for nine giant vessels. The announcements by French-based CMA CGM underlined a recovery in the industry this year after a prolonged downturn that sparked a series of consolidation deals. Click here to read full stories.

Sep 21 - Hong Kong port looks to ride out container shipping turmoil 

Hong Kong's port expects a slight rise in container shipping volumes this year despite continuing global turmoil in the sector. The global container industry, which transports everything from bananas to iPhones, is showing signs of better returns after a near-decade long slump. Click here to read full stories.

Sep 21 - Trefoil Reenters ULSFO Market in ARA
The move is intend to fulfill the current demand with an eye on future growth of demand for ULSFO towards and in 2020, Marco Bats tells Ship & Bunker.

Sep 20 - Sulfur Cheats: Can Monitoring the Emissions of the Entire Global Fleet Ever be Possible? This Company Says "Yes"
"Mandating this type of technology should be straightforward as something similar already exists within the aviation field," Green Sea Guard managing director Anita Bradshaw tells Ship & Bunker.

Sep 19 - OPEC Faced With Potential Producer Split and Calls for Managing Exports, Not Production
But it seems the cartel is more interested in maintaining status quo than policy reform.

Sep 19 - Shipping Industry Downturn Helping Singapore at Regional Rivals' Expense
Malaysian ports had benefited from a cheaper ringgit but consoldation and cost-cutting among box lines has taken the edge off that advantage

Sep 18 - New Iraqi Bunker Service to Commence from September 20
"AISSOT will also provide Agency and other services for 'bunker-only' call vessels at Iraqi Ports," the new supplier tells Ship & Bunker.

Sep 18 - New Tax Prompts Big Slump in India Bunker Sales
Reports indicate volumes have fallen by as much as 90% as local players tell Ship & Bunker efforts continue to get the new 18% tax rate reduced.

Sep 18 - Brightoil "Ready for the Long Haul" with Online Bunker Procurement, Launches Latest Phase of Its E-Bunkering Platform
New FFP feature that allows buyers to lock in prices for up to nine months is a "game changer", e-commerce director Kelvin Low tells Ship & Bunker.

Sep 15 - Shipowners Fear 2020 Bunker Price Spike and "Outrageous" LSFO Premiums
One estimate puts potential premium on LSFO in 2020 at $400/mt

Sep 15 - Hydrogen Projects JV Officially Launched
"The Scandinavian market is ready for hydrogen and fuel cell technology, especially the maritime industry," said Tomas Tronstad of Hyon.

Sep 15 - Port Hedland iron ore exports to China up 11 pct in August - Pilbara Ports 

Iron ore shipments to China from Australia's Port Hedland terminal rose 11 percent to 35.7 million tonnes from 32.03 million tonnes in July, port data released on Friday showed.Overall August iron ore shipments from the world's biggest export terminal for the steelmaking raw material increased to 42.8 million tonnes from 37.9 million tonnes in July, according to the Pilbara Ports Authority. Click here to read full stories.

Sep 14 - Prepare for over a Decade of Combined Environmental Regulatory Burden, Peninsula Petroleum Warns
"Shipping firms need to look beyond the very real challenges of SOX regulation and consider the likely NOX / Greenhouse / Particulate regulations on the way," says Peninsula Petroleum's Will Bathurst.

Sep 14 - Industry Insight: Ballast Water - A Challenge Not a Reprieve
"The IMO has thrown down the gauntlet to the industry, to prepare in the next two years for what they hadn't managed to ready themselves for in the previous 13," De Nora's Don Stephen writes for Ship & Bunker.

Sep 13 - An Eighth of Total 2020 Bunker Demand from Non-Compliance: Argus
The figures suggest a sizeable number of users will consider ignoring the 2020 sulfur cap and be prepared to continue burning heavy fuel oil.

Sep 13 - 0.5% Sulfur Fuel Oil Most Likely Choice for Bunker Buyers in the Americas: Argus
But some markets are poorly positioned as they are short on distillates

Sep 12 - 2020: Time for Shipping Companies to Consider a New Fuel Procurement Strategy
"As we approach 2020 the one certainty is the fuel procurement process will become far more complicated, and Shipping companies will consider ways to outsource this function," Steve Leonard writes for Ship & Bunker.

Sep 12 - Saudis, Venezuela Push for Supply Cuts Extension as Iran Brags About Boosting Production
The Islamic republic claims it will pump as much as 4.5 million bpd within five year.

Sep 12 - 2020 "Unprecedented" Change for Bunker Industry: White
"Potential supply disruption can be expected in some ports," says Iain White, global marketing manager for marine fuels at ExxonMobil

Sep 11 - OilFront: New Technology-Focused Bunker Broker Concept Launches in the UK
"I believe the time is absolutely right for technology to extend - not replace - what the modern broker can do," Head of Bunkering Neil Lamerton tells Ship & Bunker.

Sep 11 - Bomin Group Launch New Brand Identity
"The launch of our new brand identity is a visual statement of Bomin's commitment to evolving in line with the shipping industry," says Thomas Roller, Managing Director, Bomin Group.

Sep 08 - Use of HFO "Impractical" for Unmanned Ships, Says Academic
"Unmanned ships would need to operate using a more refined fuel such as marine-grade diesel oil," says head of maritime technology at Liverpool John Moores University.

Sep 08 - Panama Bunker Sales Jump 4.3% in July
But the number of stems fell 22% to 393 compared to the 425 operations performed in July 2016.

Sep 07 - China's Guangzhou port says coal imports operating normally after storage halt 

Guangzhou port, the largest coal transport hub in southern China, said on Thursday that coal imports were operating normally after typhoon weather had caused a backlog that left storage facilities temporarily unable to accept new cargoes."Coal imports operations are operating normally," Guangzhou Port Co said in a filing to the Shanghai Exchange on Thursday. Click here to read full stories.

Sep 07 - South Africa's Transnet carries record volume of coal to main export terminal 

South Africa's Transnet carried a record 7.46 million tonnes of coal to the Richards Bay Coal Terminal (RBCT) in August, compared with a previous monthly high of 6.9 million tonnes, the freight utility said on Thursday.Coal exports through South Africa's main coal export terminal fell 3.7 percent to 72.6 million tonnes last year. RBCT said in January it aims to raise exports to 77 million tonnes in 2017. Click here to read full stories.

Sep 07 - China ramps up role in Brazilian transport infrastructure 

Chinese companies signed commitments on Friday to finance and build railways and ports that will help Brazil export iron ore and soybeans, the two main commodities it sells to China, during a state visit by Brazilian President Michel Temer.China Communication Construction Co Ltd agreed to finance the expansion of the Amazon basin port of Itaqui in the state of Maranhão, Brazilian Transport Minister Maurício Quintella told reporters in Beijing. He gave no further details. Click here to read full stories.

Sep 07 - China Merchants buys control of Brazil's most profitable port 

China Merchants Port Holdings Co Ltd agreed to buy 90 percent of TCP Participações SA, Brazil's most profitable port terminal, for about 2.9 billion reais ($924 million), a sign of growing interest in assets across Latin America's No. 1 economy.China Merchants said in a statement on Monday that it bought the stake from an investment vehicle led by Advent International Corp and other partners including Soifer, Pattac Empreendimentos SA and Grup Maritim TCB SL. The remaining 10 percent stake in TCP will be held by Soifer, Pattac and another partner. Click here to read full stories.

Sep 07 - Qatar says new port will help circumvent Arab sanctions 

Qatar inaugurated a new $7.4 billion port along its Gulf coast on Tuesday that officials said would become a regional transport hub and help shield its economy against sanctions enforced by neighbouring Arab states.The Hamad port, 40km south of Doha, is one of the largest such facilities in the Middle East. Click here to read full stories.

Sep 07 - Delays to U.S. wheat exports set to persist in Harvey-hit Texas 

Disruptions and delays to U.S. wheat exports from Texas as a result of Hurricane Harvey will persist for days more, trade experts said on Tuesday, after shipments were wiped out last week by flooded railroad tracks and closed ports.The storm came ashore on Aug. 25 and became the most powerful hurricane to hit Texas in more than half a century, closing export terminals that handle around a quarter of U.S. wheat shipments.  Click here to read full stories.

Sep 07 - EY teams up with Maersk, Microsoft on blockchain-based marine insurance 

Consultancy EY, data security firm Guardtime, Microsoft and ship operator Maersk have joined to build a blockchain-based marine insurance platform that will be the first real-world use of the nascent technology in the shipping industry.EY and Guardtime said the platform had already been built and would be deployed in January, when A.P. Moller-Maersk, which was part of a 20-week trial of the new platform, would start using it for some areas of its business, along with insurers MS Amlin and XL Catlin. Click here to read full stories.

Sep 07 - Iron ore exports to China from Australia's Port Hedland drop 12 pct in July 

Iron ore shipments to China from Australia's Port Hedland terminal dropped 12 percent to 32.03 million tonnes in July from 36.6 million tonnes in June, port data released on Tuesday showed.Overall iron ore shipments from the world's biggest export terminal for the steelmaking raw material dipped to 37.9 million tonnes from 43.1 million tonnes in June, according to the Pilbara Ports Authority. Click here to read full stories.

Sep 07 - LNG Uptake to Remain Slow in Decade Following 2020 Sulfur Cap Implementation: Cockett
But the Group remains in "direct engagement" with various initiatives on LNG bunkering practices, Cockett CEO Cem Saral tells Ship & Bunker.

Sep 07 - Bomin Group Launch New Brand Identity
"The launch of our new brand identity is a visual statement of Bomin's commitment to evolving in line with the shipping industry," says Thomas Roller, Managing Director, Bomin Group.

Sep 07 - Group Regional FSP Lead Asia (Fixed Spot Price / Fixed Price Agreements) (Bunker Holding Group, Singapore)
Salling Search has been appointed by Bunker Holding Group to search for a new Group Regional FSP Lead Asia to be based in their Singapore office.

Sep 07 - While OPEC Dithers, France Moves to End Oil Output Entirely by 2040
This despite a forecast that oil and gas will still play a key role until at least 2050.

Sep 07 - China's Guangzhou port storage facilities unable to accept new coal cargoes - official 

China's Guangzhou port, the largest coal transport hub in southern China, said on Thursday that its storage facilities are currently unable to accept new coal cargoes. Bad weather in recent weeks has led to a backlog of cargoes, a Guangzhou Port Co official told Reuters, with storage facilities almost full. "We've had three typhoons since the end of August and lots of rains in recent weeks," said the official, who declined to be identified by name pending a statement to the Shanghai Stock Exchange. Click here to read full stories.

Sep 04 - Cockett Sees 2020 as "Great Opportunity" to Extend Growing Market Share
"We project a significant increase in relative marine fuel prices. This will result in market players requiring increased working capital, with a commensurate increase in counterparty and credit risk," CEO Cem Saral tells Ship & Bunker.

Sep 04 - This Is How the Bunker Industry Should Be Thinking for 2020
"The three largest traders have the most to gain with 2020, and have been gifted an opportunity for which they need to step up their game and do so now," writes Steve Leonard.

Sep 04 - Fujairah and Singapore Seeing "Healthy" Bunker Demand
Fujairah's stock of heavy distillates and residues totalled 10.787 million barrels on August 28, up 76,000 barrels or 0.7% on the week.

Aug 31 - U.S. Coast Guard reopens some Texas ports with restrictions

The United States Coast Guard on Wednesday said the ports of Houston, Texas City, Galveston and Freeport have been reopened with restrictions on vessel traffic after they were closed due to storm Harvey. However, the section of the upper Houston ship channel from Morgan's Point inbound to the turning basin would remain closed until weather conditions improve, the Coast Guard said in a statement, adding that all vessel traffic is limited to daylight hours. Click here to read full stories.

Aug 31 - China's war on smog shakes up ports; Tianjin loses, rivals benefit

China's war on smog is shaking up the country's busiest ports, which handle billions of tonnes of cargo a year, forcing Tianjin to overhaul its business as northern rivals snare a greater share of vast coal and iron ore shipments, results show. Tianjin Port Development Holdings Ltd said late on Tuesday it would move to expand its containerised volumes following a big drop in coal and steel cargoes after a ban earlier this year on using trucks at the port to transport coal, part of Beijing's battle with pollution. Click here to read full stories.

Aug 31 - China's COSCO Shipping books first-half profit of $288 mln

China's COSCO Shipping Holdings Co Ltd reported a first-half profit on Wednesday and forecast that improved demand in the container shipping market would continue for the rest of the year. China's largest shipping group, which last month offered to buy a Hong Kong peer to become the world's third-largest container liner, said January-June net profit was 1.86 billion yuan ($288.32 million).  Click here to read full stories.

Aug 31 - Vessel breaks in two off Turkey's northwest coast

A dry cargo vessel broke in two in the Black Sea off Turkey's northwest coast, television images showed early on Sunday, while the 11-man crew was rescued. Mongolian flag carrying Leonardo, a 114-meter-long dry cargo ship, started buckling and broke in two while on anchor off Istanbul's Kilyos coast. Click here to read full stories.

Aug 31 - Top 3 Ranked Singapore Bunker Supplier Universal Energy to Lose Licences Over Cappuccino Bunkers
Universal Energy Pte Ltd also accumulated demerit points for stoppages during bunkering operations, says MPA.

Aug 31 - Panoil Petroleum To Lose Singapore Bunker Supplier Licence
The move comes after MPA earlier this month revoked Panoil Petroleum's bunker craft operator licence.

Aug 30 - This Is How the Bunker Industry Should Be Thinking for 2020
"The three largest traders have the most to gain with 2020, and have been gifted an opportunity for which they need to step up their game and do so now," writes Steve Leonard.

Aug 30 - Oil Demand is "Absolutely Soaring" and Analysts Foresee More Market Angst Ahead
Problems with Venezuela could explode in October, they warn.

Aug 30 - China's war on smog forces Tianjin Port to overhaul business 

One of China's top ports is moving to expand its containerised volumes following a big drop in coal and steel cargoes after a ban earlier this year on using trucks at the port to transport coal, part of Beijing's war on smog. Tianjin Port Development Holdings Ltd said late on Tuesday that coal handling in the first half fell by 24 percent and steel throughput was down by 27 percent, while metal ore handling also decreased. Click here to read full stories.

Aug 29 - New "Hybrid" Bunker Broker Concept Launches in London With Online Bunker Buying Platform and a Focus on Transparency
"Bunker buyers are unknowingly paying margins and hidden fees of an average $5.00/mt," Bunker Ex Co-Founder and CEO Ishaan Hemnani tells Ship & Bunker.

Aug 29 - Bomin Closes Hong Kong Office, Moves Focus For Asian Hub to Singapore
Bomin says the office closure in Hong Kong will see those customers served through Bomin's regional hub in Singapore instead.

Aug 29 - Crude Could Drop to $32 by December With Substantial Upside Only After 2019: Analysts
U.S. shale is again cited as the chief driver of market conditions.

Aug 28 - Industry Insight: Understanding the Need for Mass Flow Meter Fuel Delivery Monitoring
"VPS MFM Quick-Screen data has shown a number of deliveries failing to comply with TR48," writes VPS' Steve Bee.

Aug 28 - NYK Looking to Test Remote Controlled Box Ship in 2019
The news is the latest sign bunker-saving autonomous vessels are close to becoming a reality.

Aug 28 - LNG Bunker Infrastructure Gets a Boost in Northern Norway
CRYO Shipping has received EUR 1 million in grants and is "working to commercialize a unique concept that can supply LNG to land-based industry as well as bunkering ships."

Aug 25 - Bunker Sales Decline in Russian Far East Market Has Levelled Off: Results of the Half-Year 1H 2017
The decline has slowed, but Far East bunker sales are half of 2014 levels.

Aug 25 - Fujairah Sees Improved Bunker Demand
Pakistan State Oil has seven cargoes of 180 CST high-sulfur fuel oil of 65,000 mt each tendered for August loading from Fujairah.

Aug 24 - South Africa's Grindrod plans to spin off shipping business

Grindrod, the South Africa-listed freight logistics and shipping services firm, is planning to separate and list its shipping business in order to unlock its value, the company said on Wednesday. Grindrod, which also has a financial services business, has held the view for many years that the value of its shipping services was not fairly reflected in its share price. Click here to read full stories.

Aug 24 - Threat of price war clouds horizon for Maersk shipping business

A.P. Moller-Maersk has been fortified by the $7.5 billion sale of its oil and gas business to France's Total, but the company's main sea freight business faces the threat of a new price war in a consolidating industry. Maersk, the world's biggest container shipping company, has shifted its focus this year from preserving market share to higher margins, a strategy that was helped by a recovery in freight rates. Click here to read full stories.

Aug 24 - Brazil's grain exports from northern ports rise to 24 pct

Brazilian grain farmers are relying on northern ports more than ever to ship a bumper grain crop to global export markets, according to the Agriculture Ministry on Thursday. Whereas Santos is still the main port in Brazil, the so-called Northern Arch ports accounted for almost 24 percent of the country's soybeans and corn exports in the first seven months of the year, the ministry said referring to Itacoatiara, Itaqui, Santarém, Barcarena and Salvador.  Click here to read full stories.

Aug 24 - Mongolia working to clear backlog of coal trucks at China border - foreign ministry

Mongolia is working to clear up delays at the Chinese border that have disrupted trade and created a traffic jam of coal trucks stretching more than 100 km (62 miles), the country's foreign ministry said during a press briefing on Wednesday. The landlocked northeast Asian country has become one of China's biggest coal suppliers this year following a ban on imports from North Korea and restrictions on deliveries to some smaller Chinese ports. Click here to read full stories.

Aug 23 - MPA & IBM Move Forward on AI Project to Detect Illegal Bunkering, Improve Maritime Operations
The pilot trial for three of seven modules of the system have been completed, with the bunkering module set to be rolled out by January 2018.

Aug 23 - CMA CGM Eyes LNG Bunkers to Power World's Biggest Boxships
The French carrier is reported to be considering building the 22,000 TEU capacity vessels as either dual-fuel capable or with the LNG Ready notation.

Aug 22 - ECA Fuel Oil First for Houston: GCC to Offer 0.10% ULSFO from September 1
"It is a fuel oil product, not a distillate, and is sourced from our partners in Europe," Managing Director Mark VandeVoorde tells Ship & Bunker.

Aug 22 - World Fuel Services New Owner of Former Panoil Petroleum Bunker Tankers
The tankers include the 8,828 DWT Athenia, the 3,384 DWT Jubilee, the 800 DWT Megalodon, and the 8,839 DWT Metis.

Aug 22 - UK P&I Warns Vessel Operators to Check Tank Integrity Prior to Bunkering
The warning comes following an incident involving a newbuild cargo vessel that was bunkered with 500 mt of HFO.

Aug 18 - Maersk upbeat on shipping outlook, faces hefty cyber attack bill 

Denmark's A.P. Moller Maersk gave an upbeat outlook for container shipping on Wednesday, lifting its shares by as much as 4.5 percent as investors looked beyond one-off second-quarter charges and a costly cyber attack on its operations. Maersk has been hit by low oil prices at its energy arm and sliding prices in its shipping business in recent years due to lacklustre global trade and a glut of available ships for hire. Click here to read full stories.

Aug 18 - India's Cochin Shipyard makes strong market debut after $225 mln IP

India's Cochin Shipyard Ltd  shares rose more than 20 percent on their trading debut on Friday after a $225 million initial public offering, as investors bet on strong growth prospects for the state-run company buoyed by a flagship government programme and push to localise defence manufacturing. The stock was trading at 514 rupees by 0600 GMT, 19 percent higher than its IPO issue price of 432 rupees, having risen to a high of 528.15 rupees. Retail investors were issued shares at a discounted price of 411 rupees. Click here to read full stories.

Aug 18 - China's soybean crushers get reprieve as port chaos starts to clear

Chaos that swept China's soybean market in recent weeks as lossmaking crushers flipped cargoes and closed plants appears to have eased by Friday, allaying fears of widespread contract defaults like those that shook the world's top consumer in 2014. Three ships carrying soybeans that had been sitting anchored off the major port of Rizhao for weeks left the region, crush margins were positive for only the second time since February, and traders said they had not heard of other resales. Click here to read full stories.

Aug 18 - Colombia's Grupo Argos sells port company to Goldman for $136 mln

Colombian holding company Grupo Argos has sold its 50 percent stake in a port operator to an investment fund administered by Goldman Sachs for about $136 million, Grupo Argos said in a statement on Monday. Compania de Puertos Asociados S.A., called Compas, moves principally coal and cement through its ports in the Andean country.  Click here to read full stories.

Aug 18 - India's Dhamra port shut after worker deaths spark violence

An east Indian port stopped operations on Tuesday after violence erupted inside the complex following the death of three workers who were killed when a heap of coal collapsed on top of them, a spokesman for the port operator said. Three workers were also injured in the incident at Dhamra port in Odisha state. Click here to read full stories.

Aug 18 - Industry Pressure is Making People Think Harder and Focus More on Knowing Their Counterparty: Glander International Bunkering
The situation is helping stronger players and offsetting the trend of some bunker buyers to go as direct as possible, CEO Carsten Ladekjaer tells Ship & Bunker.

Aug 18 - Monjasa Adds New Bunker Traders and Trainees Across Denmark, Cyprus, and Singapore
Monjasa has hired four new Bunker Traders and four new Bunker Trader Trainees.

Aug 16 - Increased Financial Pressure From 2020 Will Benefit Large Bunker Traders: Glander International Bunkering
"I find it hard to believe that the banks, who to a large extent are trying to retreat from the shipping sector, will be eager to fill in a future widened financial gap in the industry to cover fuel costs," GIB CEO Carsten Ladekjaer tells Ship & Bunker.

Aug 16 - We Have to Change Everything in the Bunker Industry and We Have to Do It Very Fast: Muhtaroglu
The Energy Petrol CEO's call comes as part of his candidacy for Vice Chairman and Chairman of IBIA.

Aug 16 - MPA Revokes Panoil Petroleum's Bunker Craft Operator Licence
The licences of five Panoil bunker tankers were suspended in March for irregularities in piping fixtures associated with the vessels' MFM setup.

Aug 16 - Political Pressure Means Shipping Must Act on Reducing Emissions Regardless of the Actual Environmental Benefits: Ship Efficiency Expert
A failure by the IMO to act on emissions will increasingly hurt shipping companies' ability to secure the funding they need for growth, Ship efficiency expert Nikos Petrakakos tells Ship & Bunker.

Aug 14 - Genoil in Advanced Discussions With Physical Suppliers, Shipowners to Produce 2020 Compliant Bunkers With "All the Same Qualities" as Today's HFO
By removing only sulfur, it removes all doubts in relation to technical make-up and compatibility with ships' engines, Genoil COO Bruce Abbott tells Ship & Bunker.

Aug 14 - Aegean Reduces Singapore Headcount by 15, Barges by Two
The supplier has also laid up barges in a number of other markets including Fujairah.

Aug 14 - Tanker Arrested in Singapore Over Unpaid Bunkers Slated for Sale
The tanker Captain Silver was arrested in Singapore last week on behalf of Glander International Bunkering for an outstanding $50,000 bunker bill.

Aug 11 - Push for Kra Canal Receives New Life from Retired Thai Generals
A group of retired generals has come together to form the Thai Canal Association for Study and Development.

Aug 10 - China soybean crushers suspend operations amid high soymeal stocks - news portal 

Soybean crushers in China's Shandong province have suspended some operations due to port delays that are holding up import cargoes of the oilseed, and amid pressure from high soymeal stocks, industry portal Cofeed reported on Thursday.The cuts, though short term and with some plants already restarted, boosted soymeal prices and crushing margins, easing pressure on the market from a growing glut of meal. Click here to read full stories.

Aug 10 - Brazil's Vale sells two large ore carriers for $178 mln 

Brazilian mining company Vale SA on Wednesday said it has sold two ships with a capacity to carry 400,000 tonnes of iron ore each for a total of $178 million.The company said it received the payment on August 8 and that it is in talks to sell two remaining ships of the same class (VLOC, very large ore carriers). Vale did not reveal the name of the buying company. Click here to read full stories.

Aug 10 - France's long-planned Seine-Nord canal will depend on funding - minister 

A project to build a canal to link Paris with major harbours of northern Europe will depend on lining up the necessary funds, the French government said on Wednesday, without saying if it believed the finance could be found.France has long planned to build the waterway dubbed the Seine-Nord canal to allow large barges to sail from Paris to the harbours of Antwerp and Rotterdam, reducing truck traffic on its motorways. Click here to read full stories.

Aug 10 - Shipping traffic suspended in Turkey's Bosphorus - safety agency 

Traffic in the Bosphorus Strait, an important international shipping lane for oil and grain, was suspended on Thursday morning, data from Turkey's coastal safety agency showed.The suspension started at 8:45 a.m. (0545 GMT), the agency said, without giving a reason. It was due to end at 6:00 p.m. (1500 GMT). Click here to read full stories.

Aug 10 - Truck drivers protest in Brazil may delay grain loading - industry group 

Brazil grains exporters group Anec on Thursday said it will send an official communication to foreign buyers saying that protests by truck drivers in the country might delay grain loading operations at Brazilian ports. Anec's director Sergio Mendes said rotests against high diesel prices have impacted the flow of grains particularly in Mato Grosso, Brazil's top producing state. The demonstrations entered a third day on Thursday and have spread to other states such as Rio Grande do Sul and Paraná, local media reported. Click here to read full stories.

Aug 10 - China July soybean imports hit highest on record as ports clear logjams 

China's July soybean imports surged 30 percent to their highest level on records back to 2010, according to Reuters calculations based on customs data, as ports in the world's top oilseed consumer rushed to clear a months-long backlog of cargoes.July imports hit 10.08 million tonnes, topping the earlier highest level set in May at 9.59 million tonnes, and were up 31 percent from 7.69 million tonnes in June. Click here to read full stories.

Aug 10 - Iron ore exports to China from Australia's Port Hedland drop 12 pct in July 

Iron ore shipments to China from Australia's Port Hedland terminal dropped 12 percent to 32.03 million tonnes in July from 36.6 million tonnes in June, port data released on Tuesday showed.Overall iron ore shipments from the world's biggest export terminal for the steelmaking raw material dipped to 37.9 million tonnes from 43.1 million tonnes in June, according to the Pilbara Ports Authority. Click here to read full stories.

Aug 10 - Crude Up Due to Inventory Drawdowns, But OPEC Efficacy is Required for Bigger Gains: Analyst
They also warn that the drawdowns are a result of a summer driving season nearing its completion.

 Aug 10 - Kassinger Comments on Shipping GHGs Draws Praise and Criticism
"Time for the U.N. to back off of the GHG money grab," said one reader, while Carbon War Room said the gravity of shipping's contribution of GHG emissions had been misrepresented.

Aug 10 - Gulf Petrol Supplies Eyes Growth, Expands Trading Team in Fujairah
The company is also targeting bunker sales growth of up to 20 percent, Gaurav Dwivedi GM- Trading tells Ship & Bunker.

Aug 09 - IMO Has Made 2020 Compliance Unnecessarily Complicated: Inatech
"I still think there's still time to say, from January 1, 2020, let's just not sell bunkers with more than 0.50% sulfur," Alok Sharma, Global Head of Sales, Inatech, tells Ship & Bunker.

Aug 09 - 2020 Sulfur Cap on Bunkers is Not Enough, NGO Suggests
Friends of the Earth's Pete Christian, argues that the tightening sulfur cap on bunkers set for 2020 is "still many times more than Euro 6 standards for cars."

Aug 09 - Promises of Better Compliance at OPEC Summit Met By Crude Losses and Muted Analytical Response
Others note that the end of the driving season will spell further trouble for the cartel.

Aug 09 - Venezuela's Demise Could Save the Crude Market - And OPEC, Says Croft
The RBC spokeswoman also thinks conflict-plagued Libya could also alleviate the global glut.

Aug 08 - OPEC Discuss Oil Deal Cheaters, but Experts Doubt Any Substantive Outcomes
They also doubt the meeting will sway prices one way or another.

Aug 08 - KPI Bridge Oil Appoints New Bunker & Lubricant Trader in Singapore
Brenda Lim, who has more than six years experience in the industry, has worked as a Bunker Trader for the past three years.

Aug 08 - New Bunkering Operations to Commence in Iraq
Bunkering and other activities to be conducted by AISSOT, a joint-venture company of Iraqi Oil Tankers Company (IOTC) and Arab Maritime Petroleum Transport Company (AMPTC).

Aug 07 - Singapore Arrests 12 in 2 Separate Cases of Suspected Illegal Bunker Activity
"PCG will spare no efforts and continue to step up enforcement against such offenders," says Singapore's Police Coast Guard.

Aug 07 - Product Tanker Rearrested in Singapore
Bravely Sincerity was formerly known as Golden Dynasty.

Aug 07 - Six LNG Bunker Vessels Will Be in Operation by End of 2017
"These vessels are key to scaling-up demand for LNG as a marine fuel and delivering fuel in a way that is 'normal' for shipowners," says SEA/LNG.

Aug 04 - Oil Majors Making More Money at $50 Oil Than $100, and Deep-Sea Drillers Aiming to Get in on the Action
BP, Royal Dutch Shell, and Transocean are among many companies that view $50 oil as the "magic" number.

Aug 04 - More Bunker Vessels Approved for Mass Flow Meter Use in Singapore
There are now 137 bunkering vessels with approved MFMs in Singapore, of a total 213 licensed vessels.

Aug 04 - China's Xiamen port to tighten shipping controls ahead of BRICS summit 

Xiamen in southern China will ramp up controls on shipping at its port ahead of a multilateral summit to be held in the city in early September.Xiamen is gearing up to hold the meeting of so-called BRICS nations that include Brazil, Russia, India and South Africa as well as China, in the three days up to Sept. 5. Click here to read full stories.

Aug 04 - Italian minister warns of rigid response to French shipyard move 

Paris and Rome should be able to resolve their differences over the sale of a disputed shipyard, Italy's industry minister said on Wednesday, but he hinted that French investors might yet be hurt because of the row.The comments from Industry Minister Carlo Calenda could spell trouble in particular for French media group Vivendi, which has taken control of Italy's main telecom provider Telecom Italia (TIM). Click here to read full stories.

Aug 04 - Mississippi reopens near St. Louis after barge collision 

The Mississippi River reopened to vessel traffic on Tuesday following a barge collision just north of St. Louis that forced the closure of the river for about 14 hours, the U.S. Coast Guard said.The river reopened to vessel traffic at about 2:30 p.m. CDT (1900 GMT), Coast Guard spokesman Dana Schmitt said. Click here to read full stories.

Aug 04 - U.S. West Coast dockworkers ratify contract extension with shippers 

Dockworkers at 29 ports in California, Oregon and Washington are expected to ratify a three-year extension of their contract with shipping companies, union officials said on Friday, likely ensuring labor peace on the West Coast waterfront until at least 2022.Early returns from ballots cast by members of the International Longshore Workers Union (ILWU) showed 67 percent of the rank-and-file voting in favor of the contract extension, the union said in a statement. Click here to read full stories.

Aug 03 - Product Tanker Rearrested in Singapore
Bravely Sincerity was formerly known as Golden Dynasty.

Aug 03 - Vessels Detailed After Suspected Illegal Ship-to-Ship Transfer
The alleged offence took place 6.5 nautical miles south of Labuan.

Aug 03 - Spill During Bunkering in Malta
Initial indications are that the spill originated from feeder vessel Leonie P.

Aug 03 - Flurry of vessels booked from Mideast to Europe after Dutch refinery outage 

Oil traders are rushing to secure vessels to ship refined fuel from the Middle East to Europe after a Dutch refinery outage made the route profitable, pushing freight rates to multi-month highs, traders and shipbrokers said on Thursday. At least 10 long-range tankers able to carry 55,000 to 75,000 tonnes of jet fuel and diesel have been provisionally booked to head to Europe, with at least four of them taken by Royal Dutch Shell, two shipbrokers said. Click here to read full stories.

Aug 01 - Marine Industry Will Ultimately Acknowledge and Use Scrubbers for 2020: Quadrise
The comments came alongside news that company received the Interim Inspection Report provided by Wartsila from Maersk as part of the now cancelled marine trial of its MSAR emulsion bunker fuel.

Aug 01 - FOBAS Alert: Off-Specification Sulphur Results for ECA Fuels at Antwerp
Any ships receiving fuels that are confirmed noncompliant fuels should immediately issue a letter of protest to the relevant fuel supplier, flag administration and port authority.

Aug 01 - World Fuel Services Bunker Sales Dip Again on Reduced Asia Activity
The 6.8 million mt sold in 2Q 2017 matched 1Q sales, but were down around 18% compared to the period last year.

Aug 01 - London's Baltic Exchange to close ship futures platform Baltex 

The Baltic Exchange will close its freight derivatives platform Baltex at the end of the year after a review, the London-run business said on Monday. Baltex was launched by the centuries-old Baltic Exchange in June 2011 as the first central electronic marketplace for freight forward agreements (FFA), which allow investors to take positions on freight rates at a point in the future. Click here to read full stories.

Jul 28 - Oil Prices: Forget Lower for Longer, Shell Says Get Set for "Lower Forever"
The oil giant believes peak demand for crude will occur by the late 2020s.

Jul 27 - EU tells Belgium, France to end tax exemptions for ports

The European Commission told Belgium and France on Thursday to end corporate tax exemptions they granted to their ports to avoid distortions of competition and said it was looking into taxation issues at other ports in Europe. The Commission, which oversees competition policy in the 28-nation EU, said the two countries had until the end of 2017 to remove the exemptions. However, because the exemptions were in place before Belgium and France joined the EU, the Commission said it could not ask the two to recover aid already granted. Click here to read full stories.

Jul 27 - France to nationalise STX shipyard if Italy snubs ownership deal

The French state said on Wednesday it would nationalise the STX France shipyard if Italy does not accept its offer to split STX's capital equally, putting down a marker on the limits of economic liberalism under new President Emmanuel Macron. The threat raises the stakes in a standoff over the shipyard's fate, the only one in France with facilities large enough to build aircraft carriers. Click here to read full stories.

Jul 27 - Sri Lanka's cabinet "clears port deal" with China firm after concerns addressed

Sri Lanka's cabinet cleared a revised agreement for its Chinese-built southern port of Hambantota on Tuesday, the government said, after terms of the first pact sparked widespread public anger in the island nation. The port, close to the world's busiest shipping lanes, has been mired in controversy ever since state-run China Merchants Port Holdings, which built it for $1.5 billion, signed an agreement taking an 80 percent stake. Click here to read full stories.

 Jul 27 - IMO Looks to Address 2020 Bunker Quality Issues, Says Operators Should Prepare for More Complex On-Board Fuel Handling: IBIA
MEPC 71 is also noted to have given support for a proposal to develop guidance to address the quality of 0.50 percent sulfur fuel blends.

Jul 27 - Producers Who "Used to Make Money at $25 Oil" Ignore Gloomy Outlook for Brent in 2018
Exploration and production spending is expected to increase "modestly" next year.

Jul 26 - Refiners' Inaction Over 2020 Will Create an Opportunity for Big Traders: KBC
"There will not be an additional 4 million barrels per day of MGO available to meet demand in 2020, but there doesn't need to be," Stephen George, Chief Economist at energy consultancy KBC tells Ship & Bunker.

Jul 26 - 2020 Sulfur Cap Will See More Contract Bunker Business, Spur Shift to Smarter Bunker Buying: Inatech
"If your entire bunker buying process hinges on the negotiating decisions of a few people, you're not taking it seriously," said Sharma.

Jul 26 - "Don't Do Me Like That" – IMO Bunker Rules to Provide Major Challenges to Anode Coke Markets
Turner Mason and Cascade Resources, having analyzed this market some 20 months ago in consort with AZ China, concluded at that time a looming major deficit in this critical raw material, necessary for the production of primary aluminum.

Jul 26 - Samskip to Acquire Nor Lines
The transaction includes terminal activities in Norway, warehousing, and haulage services.

Jul 26 - Oil Faces "Mission Impossible" With Sub $60/bbl Prices Through 2020, Demand Peak by 2024
Libya, Nigeria, and U.S. shale are again cited as the stumbling blocks to OPEC's attempt at a market rebalance.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Jul 13 - Dutch competition watchdog investigates possible shipping fuel cartel 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Jul 06 - Global shipping feels fallout from Maersk cyber attack

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Jun 22 - Djibouti opens new port for Ethiopia potash exports

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

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

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

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

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

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

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

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

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

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

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

Jun 20 - Argentine grain ships halted when replacement workers quit 

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

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

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

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

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

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

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

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

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

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

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

Jun 16 - Djibouti opens new port for Ethiopia potash exports

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

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

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

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

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

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

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

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

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

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

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

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

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

Jun 15 - Baltic Exchange exploring new freight indexes for grains 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Jun 08 - Dockers strike disrupts Spanish ports and trade routes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

May 25 - Colombia protest holding back cargo from Buenaventura port

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

May 18 - CYBER ATTACK .WNCRY continue

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

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

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

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

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

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

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

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

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

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

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

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

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

May 16 - Alert CYBER ATTACK .WNCRY

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

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

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

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

May 15 - Cameroon docker strike blocks coffee and cocoa exports 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

May 05 - New port capacity reduces Ukraine grain export costs

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

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

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

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

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

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

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

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

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