Freight

Aug 17 - Another vessel carrying U.S. soybeans docks at China's Dalian port 

A vessel carrying U.S. soybeans was moored in China's Dalian port after sitting off coast since July 24, according to shipping data on Thomson Reuters Eikon on Thursday. The ship, the Star Jennifer, entered the Dalian port Thursday afternoon. Click here to read full stories.

Aug 16 - China unloads U.S. soybean cargo amid public worries about cost of trade war

A vessel carrying U.S. soybeans was unloading its cargo worth at least $23 million at the Chinese port of Dalian on Monday, becoming one of the first shipments to incur hefty new import duties as the trade row deepens between Beijing and Washington. The docking of the vessel after five weeks anchored off China's coast ended long-running speculation over the fate of the cargo, which had captured public attention.  Click here to read full stories.

Aug 16 - Bank of East Asia, China Merchants Port to be dropped from Hang Seng Index

Bank of East Asia Ltd and China Merchants Port Holdings Co Ltd will be removed from Hong Kong's benchmark Hang Seng Index, the index compiler said on Friday. They will be replaced by Shenzhou International Group Holdings Ltd and Sino Biopharmaceutical Ltd, Hang Seng Indexes Company said after a quarterly review of the index components. Click here to read full stories.

Aug 16 - China coal output hits lowest in years, but heatwave boosts power generation

China's coal output fell 2 percent in July to its lowest in years as Beijing's crackdown on polluting industries crimped mining in the world's top consumer of the fuel, driving import demand as hot weather boosted thermal power generation. The country produced 281.5 million tonnes of coal in July, down 2 percent from the same month last year and the lowest since September 2016, the National Bureau of Statistics said on Tuesday. Click here to read full stories.

Aug 16 - More ships adding scrubbers to their smokestacks to support fuel oil usage in 2020 - JBC 

An increase in the number of ships adding cleaning systems to their smokestacks will mean vessels will continue to burn a sizable amount of fuel oil once new sulphur regulations for the fuel go into effect, Vienna-based consultancy JBC Energy said on Tuesday. Ships installed with exhaust gas cleaning systems, known as scrubbers, are expected to burn 600,000 barrels per day (bpd) of high-sulphur fuel oil (HSFO) in 2020 when the new rules from the International Maritime Organization (IMO) start, JBC said. Click here to read full stories.

Aug 16 - New fuel rules push shipowners to go green with LNG

Tough new rules on marine fuel are forcing shipowners to explore liquefied natural gas as a cleaner alternative and ports such as Gibraltar are preparing to offer upgraded refuelling facilities in the shipping industry's biggest shake-up in decades. From 2020, International Maritime Organization rules will ban ships from using fuels with a sulphur content above 0.5 percent, compared with 3.5 percent now, unless they are equipped to clean up sulphur emissions. This will be enforced by fines levied by the IMO's member states. Click here to read full stories

Aug 10 - U.S. coal cargoes heading for China as Beijing takes aim with new tariffs 

At least four cargoes of U.S. coal worth $30 million are headed to China as Beijing prepares to hit imports with hefty 25-percent tariffs, threatening a niche supply of the fuel even as China's appetite for foreign coal shows no sign of abating. The vessels, carrying a combined 335,000 tonnes of coal, are the only confirmed cargoes in transit from the United States to China, and are scheduled to land in time to avoid the new duties. Click here to read full stories.

Aug 09 - Maersk cuts 2018 profit forecast, but eyes market recovery 

A.P. Moller-Maersk cut its 2018 earnings forecast on Tuesday due to higher fuel prices, although the downgrade was smaller than some analysts had feared, prompting shares in the world's biggest container shipping company to rise. The container shipping industry has suffered from low freight rates amid a global oversupply of vessels, while Maersk and rivals have warned a global trade war could hit business. Click here to read full stories.

Aug 09 - Ships reduce cargoes amid water drop in Argentina's Parana River

Large grain transport ships using Argentine's port hub of Rosario have had to reduce their cargo by between 3,200 and 4,300 tonnes because of an unusually low water level in the Parana River, the Rosario grains exchange said on Tuesday. The Parana River is used to transport approximately 80 percent of Argentina's agricultural and agroindustrial exports to international markets, but a drought at its origin in southern Brazil has seen its level drop by up to half a metre. Click here to read full stories.

Aug 09 - China's July soybean imports fall as pre-tariff buying ebbs 

China's soybean imports fell in July versus June, customs data showed on Wednesday, as processors slowed purchases after building up record inventory in preparation for the hefty import tariffs on U.S. shipments introduced last month. China, the world's largest soy buyer, imported 8.01 million tonnes of soybeans in July, down 8 percent from 8.70 million tonnes in June, figures from the General Administration of Customs of China showed. Click here to read full stories.

Aug 09 - China July coal imports highest in years as heatwave fuels demand

China increased its coal imports in July by 14 percent to their highest in 4-1/2 years, official data showed on Wednesday, as rising temperatures boosted demand for coal-fired power to run air conditioners in the world's top buyer of the fuel. Arrivals came in at 29.01 million tonnes last month, the General Administration of Customs said. That is the highest since January 2014.  Click here to read full stories.

Aug 09 - Australia's Port Hedland iron ore shipments to China fall nearly 20 pct in July 

Iron ore shipments to China from Australia's Port Hedland terminal fell nearly 20 percent in July from a month earlier, port data released on Wednesday showed. Iron ore shipments to China from the world's biggest iron ore port totalled 32.38 million tonnes in July, down from June's 39.69 million tonnes, according to the Pilbara Ports Authority. Click here to read full stories.

Aug 08 - Ships reduce cargoes amid water drop in Argentina's Parana River

Large grain transport ships using Argentine's port hub of Rosario have had to reduce their cargo by between 3,200 and 4,300 tonnes because of an unusually low water level in the Parana River, the Rosario grains exchange said on Tuesday. The Parana River is used to transport approximately 80 percent of Argentina's agricultural and agroindustrial exports to international markets, but a drought at its origin in southern Brazil has seen its level drop by up to half a metre. Click here to read full stories.

Aug 02 - Contaminated marine fuels clog ship engines in Singapore hub -surveyor 

Contaminated marine fuel that clogs and damages ship engines has been found in Singapore, the world's largest ship refuelling hub, according to sources and an alert sent to clients by a marine fuel surveying company. Singapore-based marine fuel surveyor and consulting firm Maritec Pte Ltd warned clients this week that six samples of ship fuel sold in Singapore had "resulted in severe sludging at centrifuges, clogged pipelines, overwhelmed fuel filters". Click here to read full stories.

Aug 02 - Myanmar scales back Chinese-backed port project due to debt fears 

Myanmar has scaled back plans for a Chinese-backed port on its western coast, sharply reducing the cost of the project after concerns it could leave the Southeast Asian nation heavily indebted, a top government official and an advisor told Reuters. The initial $7.3 billion price tag on the Kyauk Pyu deepwater port, on the western tip of Myanmar's conflict-torn Rakhine state, set off alarm bells due to reports of troubled Chinese-backed projects in Sri Lanka and Pakistan, the official and the advisor said. Click here to read full stories.

Aug 02 - China urges U.S. to "calm down" in trade dispute, says its tactics will not work 

China on Thursday urged the United States to "calm down" and return to reason after the Trump administration sought to ratchet up pressure for trade concessions by proposing a higher 25-percent tariff on $200 billion worth of Chinese imports. U.S. Trade Representative Robert Lighthizer said on Wednesday that President Donald Trump directed the increase from a previously proposed 10 percent duty because China has refused to meet U.S. demands and has imposed retaliatory tariffs on U.S. goods. Click here to read full stories.

Jul 26 - China's stricter rules on shipping emissions a boon for IMO 2020 compliance - Woodmac 

Tighter rules on shipping emissions around China's coastlines from the start of next year is a clear sign the world's No. 2 economy will strive for 100 percent compliance when the global sulphur emissions cap starts in 2020, consultants Wood Mackenzie said on Tuesday. On July 9, China's Ministry of Transport announced it would extend its emission control areas (ECAs) to include the country's entire coastline from 2019. Click here to read full stories.

Jul 26 - Long drought puts pressure on Dutch shipping sector 

The longest drought in decades is drying out rivers in the usually wet Netherlands, hitting cargo traffic and threatening a shortage of bulk supplies ranging from hops for beer brewers to cement for the construction sector. The summer of 2018 looks set to overtake 1976 as the driest one on record in the Netherlands, with almost no rain for two months and currently not expected until well into August. Click here to read full stories.

Jul 26 - New Brazil freight policy will harm grains trade, boost costs - Cargill 

Food processor and commodities trader Cargill Inc said on Tuesday a new Brazilian road freight policy would have a major impact on grains trading, driving up costs in the world's biggest soy producer. Paulo Sousa, Cargill's head of grains and food processing in Latin America, said the new freight rules would hamper forward sales of grain and reduce transportation efficiency in Brazil. Click here to read full stories.

Jul 26 - COFCO says Brazil needs more logistics investments 

Brazil could compete better in global agriculture markets if it invested more to improve infrastructure and move grains more efficiently, an executive at COFCO International, the Chinese commodities trader, said on Monday. Eduardo Gradiz Filho, head of grains and oilseeds for COFCO in the country, said during an agribusiness conference that Brazil still relies too much on road transport. Shipping soybeans from Brazil's center-west to port costs up to 30 percent of the price of the oilseed, which is higher than in rival nations, he said. Click here to read full stories.

Jul 26 - Top EU court tells lower tribunal to review EU ruling on Spanish ship aid scheme 

Europe's top court told a lower tribunal on Wednesday to re-examine EU regulators' ruling against a Spanish ship finance scheme, a judgment that could strengthen the EU's hand in a crackdown on corporate tax avoidance.The European Commission blocked the scheme in 2013, saying that it gave a selective advantage to companies in breach of the European Union's state aid rules. Click here to read full stories.

Jul 26 - UK ship insurer London Club setting up Cyprus office over Brexit 

British ship insurer London P&I Club is setting up a new subsidiary in Cyprus to ensure continued access to trade in the European Union in case Britain loses single market access, the group told Reuters on Friday. Britain dominates the global marine insurance market and losing access to specialist Protection and Indemnity (P&I) clubs could weaken its multi-billion pound shipping services sector. Click here to read full stories.

Jul 19 - Vitol invests in coal-to-oil venture as UN shipping fuel rules loom 

Energy trader Vitol and coal miner Peabody Energy are partnering with start-up Arq to turn coal waste into a low-sulphur oil product that could be an alternative fuel for shippers as new U.N. pollution rules loom, the companies said in a statement. Global oil and shipping companies are looking at any and all options to avoid becoming a casualty of the major market dislocations that the new standards will create when they come into effect in 2020. Click here to read full stories.

Jul 19 - Vale iron ore output up as rail network helps against trucker strike 

Brazil's Vale SA on Monday reported second-quarter iron ore and pellet production that was a record for an April-to-June period, using a vast rail network to get around the effects of a trucker strike that rattled the country's economy in May. Vale's 2,000 kilometers (1,240 miles) of railways helped protect the world's top iron ore producer from the nationwide protest over diesel prices, getting goods to port and delivering key inputs to mines and processing plants. Click here to read full stories.

Jul 19 - Low water still hinders Rhine and Danube river shipping in Germany 

Water levels on the Rhine and Danube in Germany remain low after recent dry weather and cargo vessels cannot sail fully loaded on some sections of the rivers, traders said on Monday. The Rhine is too shallow for normal sailings from Cologne to south Germany, traders said. All of the German section of the Danube is too shallow for full loads, they said. Click here to read full stories.

Jul 19 - Israel's Zim to cooperate with Maersk, MSC on Asia-U.S. trade 

Israel's Zim Integrated Shipping Services said on Thursday it will cooperate with Maersk Line and Mediterranean Shipping Co (MSC) on the Asia-U.S. East Coast trade, providing a boost to Zim's Pacific services. Starting in September the companies will operate together five loops between Asia and the U.S. East Coast. Zim will operate one loop and the other four will be operated by Maersk and MSC, which are the members of the 2M Alliance. Click here to read full stories.

Jul 18 - Brazil freight price concerns may limit growth of soybean area

The imposition of minimum freight prices by the Brazilian government, which in practice raises logistics costs for farmers, may limit the growth of the country's soybean area in the next harvest, consultancy INTL FCStone said on Tuesday. Before a truckers' strike in May that led to the introduction of government-set prices, the consultancy expected Brazil's soybean area to grow by 5 percent, driven by demand from China, analyst Ana Luiza Lodi said during an event in São Paulo. Click here to read full stories.

Jul 17 - Brazil transport costs hurt fertilizer demand, soy area growth 

Higher transportation costs in Brazil following a truckers' strike that crippled the country's logistics will hurt fertilizer demand this year and may slow the growth in soy acreage in the next season, analysts said on Tuesday. Brazilian demand for fertilizer will fall this year for the first time since 2015 due to disruptions caused by the strike and increased transportation costs after the government agreed to set minimum freight prices in a deal to end the demonstrations, according to INTL FCStone analyst Fábio Rezende. Click here to read full stories.

Jul 16 - China's imports to U.S. ports start peaking early amid tariff threat 

Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products. Retailers such as Walmart Inc and Amazon.com face uncertainty due to U.S. President Donald Trump's threat to impose more tariffs on Chinese goods, and the jump in imports from the country was likely because of "pre-emptive buying in anticipation of the tariffs", said Ben Hackett, founder of international maritime consultancy Hackett Associates. Click here to read full stories.

Jul 12 - Cargo vessels de-listed from ship registries after Crimea grain trades 

At least two countries have struck cargo vessels off their registries in recent weeks after the ships were involved in transporting grains from Crimea to Syria, maritime officials told Reuters.Crimea has been under Western sanctions since it was annexed from Ukraine by Russia in 2014 and has been frozen out of many export markets. That leaves Syria, which has also been targeted by sanctions, as an ideal trading partner for Crimea, given that the latter is open to receiving goods such as olive oil in exchange for wheat. Click here to read full stories.

Jul 12 - Confusion as China ports delay U.S. cargoes, disrupting trade 

Some major Chinese ports delayed clearing goods from the United States on Friday, four sources said, potentially disrupting imports worth billions of dollars as the world's top two economies head towards an outright trade war.News of the hold-ups came as Washington imposed tariffs on $34 billion of Chinese imports from 0401 GMT on Friday. Click here to read full stories.

Jul 12 - French shipping firm CMA CGM ends Iran ops due to U.S. sanctions threat 

French shipping group CMA CGM has decided to pull out of Iran following the Trump administration's decision to renew sanctions on companies operating in the country, its chief executive said on Saturday.Some other big shipping companies like A.P. Moller-Maersk have already said they would halt business ahead of a reimposition of sanctions following the United States' decision to pull out of the 2015 Iran nuclear accord. Click here to read full stories.

Jul 12 - Hapag-Lloyd CEO says cutting costs as fuel prices rise 

German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to slash full year earnings forecasts last month, its chief executive told shareholders on Tuesday."Major cost positions have risen more than initially expected and are pressuring operating margins," CEO Rolf Habben Jansen said in Hamburg. Click here to read full stories.

Jul 11 - Australia's Port Hedland iron ore shipments to China rise 7 pct in June 

Iron ore shipments to China from Australia's Port Hedland terminal rose 7 percent to 39.69 million tonnes in June from a month earlier, port data released on Tuesday showed. Total June iron ore shipments from the world's biggest export terminal for the steelmaking raw material totalled 47.29 million tonnes, compared with 44.97 million tonnes in May, according to the Pilbara Ports Authority. Click here to read full stories.

Jul 06 - France's Tereos signs sugar transport, warehouse deal with Brazil's VLI 

Tereos signed a 30-year deal for Brazilian logistic firm VLI to transport 1 million tonnes a year of the French producer's raw sugar, and the two companies also agreed to invest in two new warehouses in Brazil's Sao Paulo state, they said. The deal gives Tereos, the world's second-largest sugar maker, a rail link to the port from its inland production centre in the world's top sugar producer and exporter Brazil. Click here to read full stories.

Jul 06 - Final countdown: last U.S. soybean cargo heads for China before tariff jump 

A cargo of soybeans from the United States bought by China's state grain stockpiler will arrive in China next Thursday, the last delivery before stiff import tariffs threaten supplies from one of China's top suppliers, according to shipping data and two sources familiar with the matter. The Peak Pegasus carrying 70,000 tonnes of the oilseed is scheduled to land at the port of Dalian at 4 p.m. (0800 GMT) on July 5 - just ahead of when the new higher tariffs take effect on July 6, according to Eikon shipping data. Click here to read full stories.

Jul 06 - Trump's tariffs could hit 15 pct Los Angeles port business - executive

Tariffs on U.S. imports of Chinese goods imposed by the Trump administration could hit up to 15 percent of goods moving through the Port of Los Angeles once they go into effect, the port's executive director Gene Seroka told Reuters on Wednesday. Seroka said in a telephone interview that according to his data, imports from China coming through U.S. ports have slowed over the last two months and are down 3.8 percent in April and 8.7 percent in May. Click here to read full stories.

Jul 06 - Takeover target Atlas says Australia port rights hinge on state ruling

Port rights at the heart of a takeover tussle for Atlas Iron could be worth nothing to a successful buyer unless the Western Australian state government changes its policy on those rights, the small iron ore miner cautioned on Wednesday. The comments came after world no.4 iron ore miner Fortescue Metals Group raised questions about a A$390 million ($286 million) takeover bid for Atlas from a unit of billionaire Gina Rinehart's Hancock Prospecting. Click here to read full stories.

Jul 06 - Vessel carrying U.S. coal to China switches destination to Singapore - Eikon data

A vessel carrying a shipment of coal from the United States switched its destination to Singapore on Wednesday afternoon from China, according to ship tracking data, amid an escalating trade row between the world's top two economies. The cargo was loaded on the Navios Taurus in Mobile, Alabama, on May 28 and had been due to arrive in China on July 18, but is now due to land in Singapore on July 13, Thomson Reuters Eikon data shows. Click here to read full stories.

Jul 02 - Libya's NOC warns of impact of oil port shutdown

Libya's National Oil Corporation (NOC) said on Sunday that a port blockade by eastern authorities could result in losses estimated at 850,000 barrels per day (bpd) of crude oil and daily revenue of $67.4 million. Operations at the ports were blocked after the eastern-based Libyan National Army (LNA) announced last Monday that it would no longer let the Tripoli-based NOC export from them. Click here to read full stories.

Jun 28 - Marine shipping sector eyes LNG to meet clean fuel rules 

With new global emissions standards looming, the marine shipping industry is increasingly looking at liquefied natural gas as alternative to high-sulfur bunker fuel, shipping and energy executives said at a global gas summit this week. Already used to fuel ferry fleets and cruise ships, LNG is gaining traction among freight and cargo shippers, despite a reluctance by the entrenched industry to make major changes. The stakes are high: the global shipping fleet now consumes about 4 million barrels per day of high sulfur fuel oil. Click here to read full stories.

Jun 21 - Brazil freight impasse lingers as court fails to broker compromise

A Brazilian Supreme Court hearing ended with no consensus on the adoption of minimum freight prices and whether such prices should be dictated by the government, Justice Luiz Fux said on Wednesday. Minimum freight prices, introduced by decree after an 11-day truckers' strike last month that snarled the country's roads, was imposed by the government as one of the measures to end the stoppage. Click here to read full stories.

Jun 18 - Second fire shrinks storage capacity amid fighting at Libyan oil ports

Libya's National Oil Corporation (NOC) said storage capacity at Ras Lanuf port had been cut by 400,000 barrels after a second crude oil tank was set on fire amid fighting between rival factions for control of two key export terminals. The NOC warned that the blaze that broke out at storage tank No. 2 early on Sunday could spread to three further tanks, which would "stop exports from Ras Lanuf port completely". Click here to read full stories. 

Jun 18 - Australia's Port Kembla reopens after cargo ship blaze

A fire in the hold of a bulker ship on Monday briefly closed Australia's Port Kembla, the second-largest coal export port in New South Wales state, stopping shipping for eight hours. The port was shut soon after the blaze began before dawn on the MV Iron Chieftain as it unloaded dolomite, a mineral used in steelmaking which was destined for BlueScope Steel Ltd's nearby blast furnace. No injuries were reported. Click here to read full stories.

Jan 15 - Number of ships waiting to load soy in Brazil jumps 60 pct 

The number of ships waiting to berth at Brazilian ports to load soybeans and its byproducts is currently almost 60 percent larger than in the same period last year, according to data from shipping agency Williams compiled by Reuters. At the same time, the amount of ships that are berthed and currently loading is 42 percent smaller than seen at this time last year. Click here to read full stories.

Jan 14 - Australia's Port Hedland iron ore shipments to China rise 2.4 pct in May

Iron ore shipments to China from Australia's Port Hedland terminal in May rose 2.4 percent from a month earlier to 37 million tonnes, port data released on Monday showed. Iron ore shipments to China in April stood at 36.1 million tonnes. Click here to read full stories.

Jan 14 - Euronext adds delivery point in Dunkirk for its maize futures 

Euronext said on Tuesday it would add the Sica Nord-Cereales silo in the northern French port of Dunkirk as a new delivery point for its maize (corn) futures contract from November 2019 onwards. "Following a market study and in accordance with the opinion of the Expert Committee, Euronext will make available an additional storage capacity in the delivery point of Dunkirk from the November 2019 delivery month onwards, with the listing of the Sica Nord-Cereales storage facility," it said in a statement. Click here to read full stories.

Jan 14 - Brazil truck freight talks lag, lead to shipping delays

Talks on new prices for truck freight in Brazil, following a nationwide truckers strike in May, have yet to be concluded and the lack of a deal is hurting goods transportation, Brazil's Agriculture Minister Blairo Maggi said on Tuesday. Maggi told reporters in Brasilia that at least 60 ships in all Brazilian ports are facing loading delays because of reduced trucker movement from areas such as Brazil's center-west grain belt to southern ports. Click here to read full stories.

Jan 14 - Germany's HSH Nordbank says aims to buy shipping loans from other banks

Germany's HSH Nordbank, once the world's biggest ship financier, aims to buy shipping loans from other banks and make new investments in the industry as it emerges from years of turmoil, a top bank official said. The bank's regional government owners are selling the lender to buyout groups Cerberus Capital Management and J.C. Flowers, with investors GoldenTree, Centaurus Capital and Austrian bank BAWAG also taking stakes. Click here to read full stories.

Jan 14 - Australia's Atlas Iron says has been told does not have rights to some shipping berths

Australian iron ore miner Atlas Iron on Thursday said the government had notified it that its North West Infrastructure (NWI) joint venture does not have priority rights to develop some shipping berths at a key port in the country. But it said in a statement that it considered the notice from the nation's transport minister to be "contrary" to the previous policy of the regional government, adding that it was "considering" its position. Click here to read full stories.

Jun 13 - Brazil truck freight talks lag, lead to shipping delays 

Talks on new prices for truck freight in Brazil, following a nationwide truckers strike in May, have yet to be concluded and the lack of a deal is hurting goods transportation, Brazil's Agriculture Minister Blairo Maggi said on Tuesday. Maggi told reporters in Brasilia that at least 60 ships in all Brazilian ports are facing loading delays because of reduced trucker movement from areas such as Brazil's center-west grain belt to southern ports. Click here to read full stories.

Jun 07 - Most global grain traders face losing access to major terminals in Russia's Novo 

Most major international grain houses have not been included in a draft list of exporters who will work with the two largest grain terminals in Russia's Black Sea port of Novorossiisk in the new marketing season, sources familiar with the matter said. Competition for access to grain export infrastructure has intensified in Russia as its ports are running at maximum capacity after it harvested a record crop in 2017 and prospects for 2018 are also bright. Click here to read full stories.

Jun 06 - As Trump talks of trade losses, China is a win for U.S. East Coast ports 

For America's fastest growing East Coast ports, trade with China equals billions of dollars of investment and thousands of well-paid jobs in the heart of Trump country and not, as the president portrays it, the death knell for America's middle class. At Atlantic ports in the southern United States, harbor channels are being deepened to handle bigger ships moving through a widened Panama Canal; cranes are being heightened to unpack the larger stacks of containers; new ship berths and expanded rail hubs are opening the door wider for the imported goods demanded by American consumers and businesses. Click here to read full stories.

Jun 04 - China's COSCO to build $2 bln shipping port in Peru - ambassador

China's COSCO Shipping Holdings Co Ltd will build and operate a $2 billion port on Peru's Pacific coast, part of $10 billion upcoming Chinese investments in the copper-producing nation, China's ambassador to Peru announced on Friday. The proposed port in Chancay, a town 58 km (36 miles) north of the Peruvian capital Lima, was last under the control of Peruvian miner Volcan.  Volcan said in its earnings statement last month that it was seeking a strategic partner on the Chancay project, and did not immediately respond to requests for comment on Friday. Click here to read full stories.

Jun 04 - Abandon ship: oil tanker scrappage to hit multi-year high as earnings sink

The shipping industry will this year scrap the largest number of oil tankers in over half-a-decade, driven by weak earnings, firm prices for scrap steel and the need to prepare fleets for strict new environmental regulations. The surge in scrapping underscores how the sector is grappling with one of its worst-ever crises, hit hard after rates for transporting oil plunged to multi-year lows in the wake of excess tanker supply and tepid demand as OPEC production cuts bite. Click here to read full stories.

Jun 01 - Brazil commodities exports still lag as truckers protest unwinds 

Brazilian commodities exporters were scrambling to resume operations after striking truckers protesting high fuel prices slowly returned to work in Latin America's largest economy.Terminal operators at Santos port said on Wednesday that truckers had not yet resumed loading and unloading goods after the movement started to unwind following an agreement to cut fuel taxes and lower diesel prices at the pump. Click here to read full stories.

Jun 01 - Canadian Pacific reaches tentative agreement with striking workers 

Canadian Pacific Railway Ltd said a strike by more than 3,000 workers over employment terms ended on Wednesday after the railroad operator reached tentative agreements with labor union Teamsters.About a quarter of Canadian Pacific workers staged a walk-out on Tuesday night, throwing industries dependent on its transportation into disarray. Click here to read full stories.

Jun 01 - U.S. alarmed by strike on Turkish ship delivering wheat to Yemen 

The United States said on Friday it was "alarmed" by a Houthi missile strike on a Turkish vessel carrying wheat to Yemen this month and urged the Shi'ite group to work with the United Nations to alleviate Yemenis suffering.The Turkish-flagged Ince Inebolu bulk carrier was damaged by an explosion on May 10, 70 miles (110 km) off the Red Sea port of Salif where it was due to deliver a 50,000 ton cargo of Russian wheat.  Click here to read full stories.

Jun 01 - Over 3,000 Canadian Pacific workers go on strike 

More than 3,000 locomotive engineers and conductors at Canadian Pacific Railway went on strike on Tuesday night, labor union Teamsters Canada said in a statement.Talks between the union and Canada's second-largest railroad are ongoing and Teamsters is working with federal mediators to reach a negotiated agreement, the statement said, adding that commuter train services will not be affected. Click here to read full stories.

Jun 01 - Former OW Bunker manager sentenced to 18-month jail term 

A Danish court on Wednesday sentenced the former manager of OW Bunker's Singapore subsidiary to 18 months in prison after he was found guilty of granting credit outside his mandate, contributing to the bankruptcy of the marine fuel oil supplier.The 2014 bankruptcy of OW Bunker, then the world's leading supplier of marine fuel oil with a 7 percent market share, sent shockwaves through the global shipping industry and left investors and business partners scrambling to cover their losses. Click here to read full stories.

May 28 - U.S. alarmed by strike on Turkish ship delivering wheat to Yemen

The United States said on Friday it was "alarmed" by a Houthi missile strike on a Turkish vessel carrying wheat to Yemen this month and urged the Shi'ite group to work with the United Nations to alleviate Yemenis suffering. The Turkish-flagged Ince Inebolu bulk carrier was damaged by an explosion on May 10, 70 miles (110 km) off the Red Sea port of Salif where it was due to deliver a 50,000 ton cargo of Russian wheat. Click here to read full stories.

May 23 - Australia's Santos rejects $10.8 bln Harbour Energy bid, ends talks

Australia's Santos on Tuesday ended talks with Harbour Energy and rejected the U.S.-based firm's $10.8 billion takeover offer, saying it undervalued the oil and gas producer as oil prices surge. The decision shocked analysts and leaves Harbour, which had tabled an increased and final offer this week, sorely disappointed, after increasing its proposed bid five times in nine months following a steep rise in global crude oil prices. Click here to read full stories.

May 17 - Japan buys 3 vessels of sorghum amid China-U.S. trade spat - sources 

Japanese buyers have bought between 150,000 and 180,000 tonnes of U.S. sorghum carried by three vessels previously bound for China amid a trade spat between Beijing and Washington, five industry sources with knowledge of the deals told Reuters.The cargoes were among roughly two dozen bought by China but left stranded after Beijing announced last month it would hit U.S. imports with a 178.6 percent deposit on the value of sorghum shipments, amid escalating trade tensions. Click here to read full stories.

May 17 - New rules on ship emissions herald sea change for oil market 

New rules coming into force from 2020 to curb pollution produced by the world's ships are worrying everyone from OPEC oil producers to bunker fuel sellers and shipping companies.The regulations will slash emissions of sulphur, which is blamed for causing respiratory diseases and is a component of acid rain that damages vegetation and wildlife. Click here to read full stories.

May 17 - U.S., China launch trade talks to avert tariff war, economic damage 

The United States and China launch a second round of trade talks on Thursday to try to avert a damaging tariff war, with the Trump administration demanding a $200 billion cut in China's U.S. trade surplus and greater protections for intellectual property.U.S. President Donald Trump has threatened to impose up to $150 billion in punitive tariffs to combat what he says is Beijing's misappropriation of U.S. technology through joint venture requirements and other policies. Beijing has threatened equal retaliation, including tariffs on some of its largest U.S. imports, including aircraft, soybeans and autos. Click here to read full stories.

May 17 - Fifth U.S. sorghum vessel heads to Spain - Eikon data 

The RB Eden vessel carrying 70,000 tonnes of U.S. sorghum is heading to the Spanish port of Cartagena, Thomson Reuters Eikon ship-tracking data showed, in what will be a fifth cargo of U.S. sorghum to be diverted from China to Spain. The ship had sailed towards the Spanish Canary Islands after turning around in the Indian Ocean. Having circled off the coast of Tenerife, it changed destination late on Monday to Cartagena in southern Spain, a regular import terminal for livestock feed grain, Eikon data showed. Click here to read full stories.

May 15 - Steep New York cocoa premium drives demand for African shipments - traders

Cocoa dealers are snapping up West African beans for import to the United States, according to trade sources, as they seek to profit from the steepest premium for the chocolate ingredient in over 40 years in the New York market. A jump in U.S. cocoa imports from West Africa would narrow that rare premium, which has been widening since late 2017 when a large volume of old or low-quality cocoa supply from Cameroon hit the European market. Click here to read full stories.

May 14 - Explosion damages vessel carrying wheat to Yemen 

An explosion has damaged a Turkish vessel carrying wheat to Yemen's Houthi-controlled port of Saleef, with varying accounts attributing the incident on Thursday to an unexplained blast aboard the ship or a possible missile strike. A naval ship of a Saudi-led military coalition received a call from the captain of the vessel, the Ince Inebolu, who reported an opening had appeared in the middle of the ship on the left side, a spokesman for the alliance said. Click here to read full stories.

May 14 - U.S. sorghum reaches Spain as traders divert more ships from China 

A rare cargo of U.S. sorghum has arrived in Spain and will be followed by several more, shipping data showed, a sign that Spain's livestock industry is set to become one of the new homes for U.S. sorghum hit by Chinese anti-dumping tariffs. Exporters have been scrambling to divert hundreds of thousands of tonnes of U.S. sorghum bound for China after Beijing announced hefty anti-dumping deposits on the grain in mid-April, part of a simmering trade dispute between the world's two largest economies. Click here to read full stories. 

May 14 - Diesel tankers turn to New York after stocks drop

Tankers carrying diesel from Asia and Europe, including a giant 200,000 tonne cargo, are sailing towards New York where fuel supplies have dropped to a three-year low in recent weeks. The very large crude carrier (VLCC) Maran Aphrodite changed its destination on Friday to New York from its previous port of Rotterdam, according to Reuters ship tracking data. Click here to read full stories.

May 11 - Qatar Petroleum to Set up Own Bunker Business
To counter regional trade ban.

May 11 - Ship Arrest in Singapore
But cargo in dispute not vessel.

May 11 - Singapore: More MGO barges expected come 2020
Could outnumber fuel oil barges, industry sources say.

May 11 - Vessels carrying U.S. sorghum to China switch destinations to Japan, S.Korea - Eikon data

Three ships carrying livestock feed grain, sorghum, from the U.S. to China switched their destinations on Thursday to Japan and South Korea, according to Thomson Reuters Eikon ship tracking data, after Beijing hit imports with hefty anti-dumping deposits. The cargoes are among roughly two dozen bought by China but left stranded after Beijing announced last month it would hit U.S. imports with a 178.6 percent deposit on the value of sorghum shipments. Click here to read full stories.

May 10 - Ship runs aground causing delays on Argentina's Parana near Rosario 

Around 60 ships faced delays on Friday near Argentina's grains hub of Rosario after a vessel on the Parana River ran aground and blocked passage downriver towards the Atlantic Ocean, the head of Argentina's Chamber of Port and Maritime Activity said. The cargo ship, contracted by Glencore  and en route to Australia, was stranded on Thursday about 85 kilometers (53 miles) south of Rosario on the Rio Parana, the country's principal commercial waterway. Click here to read full stories.

May 10 - Abu Dhabi Ports signs 30-year deal with MSC to build terminal

Abu Dhabi Ports has signed a 30-year concession agreement with Mediterranean Shipping Company (MSC) to build a new container terminal at its Khalifa Port. Abu Dhabi, the capital of the United Arab Emirates (UAE), has spent billions developing the port, which opened in 2012, as part of ongoing efforts to diversify its oil-rich economy. Click here to read full stories.

May 10 - Australia's Port Hedland China iron ore exports rise 3 pct in April

Iron ore shipments to China from Australia's Port Hedland terminal in April rose 3.3 percent from a month earlier to 36.15 million tonnes, port data released on Monday showed. Iron ore shipments to China in March stood at 35 million tonnes. Click here to read full stories.

May 10 - Striking dockers shut down Israel's Haifa and Ashdod ports

Striking workers shut down Israel's two main ports, leaving dozens of cargo ships stranded on Thursday in protest against the creation of competing foreign-run docks. At least 17 ships were waiting to unload at Ashdod port, with another 14 lined up to come in. Ten were held up at Haifa port, with more ships due to come, spokesmen for the ports said. Click here to read full stories.

May 07 - Shipping unclogged in Argentina grains hub after vessel ran aground 

Grains shipping on Argentina's Parana River was returning to normal on Saturday after a ship ran aground on Friday, causing delays, the head of Argentina's Chamber of Port and Maritime Activity said. The cargo ship Pilatus Venture, contracted by Glencore and en route to Australia, was stranded on Thursday about 85 km (53 miles) south of Rosario on the Rio Parana, the country's principal commercial waterway. Click here to read full stories.

May 03 - Ship carrying U.S. sorghum to China switches route to South Korea - Eikon data 

A vessel carrying 58,503 tonnes of sorghum from the United States switched its destination from China to South Korea early on Thursday, according to Thomson Reuters Eikon ship tracking data. The Peak Pegasus loaded U.S. sorghum from trader ADM's Corpus Christi grain elevator in Texas and departed on April 3 for Nansha in southern China, according to U.S. Department of Agriculture data. Click here to read full stories.

May 03 - Sri Lanka's China-backed Port City sees up to $4 bln investment interest 

A Chinese-backed real estate project near Sri Lanka’s main port is in discussion with investors for up to $4 billion in investments in its first phase, the developer said on Wednesday. Work on the $1.4 billion Port City project by China Communication Construction Company (CCCC) started in 2016 as part of Beijing’s ambitious plans to create a modern-day “Silk Road” linking Asia to the Middle East and Europe. Click here to read full stories.

May 03 - Ethiopia to take stake in Port of Djibouti, its trade gateway - state media 

Ethiopia will take a stake in the Port of Djibouti, its main gateway for trade, under a deal reached between the two countries, state media outlets said on Tuesday. Djibouti had been seeking investors for its port since it terminated Dubai's state-owned DP World's concession to run the port two months ago, citing a failure to resolve a six-year contractual dispute. Click here to read full stories.

Apr 26 - Shipping's Baltic Exchange turns to grains, gas and even air freight 

The Baltic Exchange, owned by Singapore Exchange, plans to launch new indexes for grains, gas and potentially air freight in its biggest shake-up for more than a decade, according to executives and two sources familiar with the matter. The London-run company operates the world's leading shipping freight index, which tracks rates for vessels transporting dry bulk commodities including iron ore and coal. It is looking to diversify its business after a near decade-long shipping downturn hit trading volumes and profitability. Click here to read full stories.

Apr 26 - Sulphur scrubbers "no silver bullet" for shipping industry - Wartsila 

Shipping industry hopes that so-called sulphur scrubbers are a quick-fix solution to compliance with drastic emissions reduction demanded by 2020 are somewhat misguided, one of the world's biggest manufacturers of the equipment told Reuters. The International Maritime Organization's (IMO) cut to the amount of sulphur the world's fleet can emit will have massive implications for shippers, oil refiners and even crude oil producers. Click here to read full stories.

Apr 26 - Ship firm Oldendorff halting Guyana operation due to Rusal crisis 

German shipping group Oldendorff Carriers is stopping its business in Guyana, the company said on Friday, after the United States blacklisted Russian aluminium producer Rusal, which has a plant in the South American country. The United States on April 6 imposed sanctions against Russian entities and individuals to punish Moscow for its alleged meddling in the 2016 U.S. election and what the U.S. Treasury Department dubbed other "malign activity". Click here to read full stories.

Apr 26 - Singapore awards $1.1 bln contract for second phase of mega-port project 

Singapore on Wednesday announced a $1.1 billion plan to expand and modernise its port, the world's second-biggest, but which is in fierce competition with several Chinese harbours including Shanghai, Shenzhen and Guangzhou. The Maritime and Port Authority of Singapore (MPA) said it has awarded a project worth S$1.46 billion ($1.10 billion) for the second phase of its Tuas Terminal port development to a joint venture of firms, including Korea's Hyundai Engineering and Construction. Click here to read full stories.

Apr 26 - Cargo ship collides with dock in Argentine grains hub Rosario

A cargo ship collided with a dock on the Parana River in Argentina's grains hub of Rosario on Wednesday, causing a slowdown of activity at terminal 6 in the port of General San Martín and raising soymeal prices. "The southern pier of terminal 6 is operational, with difficulties on the barge docks due to the blockage caused by the ship that generated the accident," said Guillermo Wade, manager of Argentina's Chamber of Port and Maritime Activity. Click here to read full stories.

Apr 23 - Panama Canal to carry 30 mln T of LNG by 2020 as global demand grows 

The Panama Canal may carry five times as much liquefied natural gas (LNG) in 2020 as it did last year as production of the fuel expands in the United States and Asian import demand rises, the head of the canal's governing agency told Reuters. LNG volumes traversing the Canal could hit 30 million tonnes a year before the end of 2020, said Jorge Quijano, who leads the Panama Canal Authority, up from 6 million tonnes last year. Click here to read full stories.

Apr 20 - China to set up Hainan free trade zone by 2020, port by 2025 - Xinhua 

China aims to establish a free trade zone in Hainan by 2020 and will encourage multinationals to set up their international and regional headquarters there, as part of plans to open up the province's economy to foreign investors.The guidance, published on the government's official website, was jointly issued by the ruling Communist Party and State Council. It comes after President Xi Jinping announced on Friday that the country would grant foreign firms greater economic freedom in the southernmost province.

Apr 19 - China building new grain port on Russian border – Xinhua

China started construction this month on a grain transportation port in Fuyuan city in northeast Heilongjiang Province, state media said on Wednesday. The port will handle growing amounts of grain produced in Russia by Chinese enterprises and imported into the domestic market, Xinhua reported. Click here to read full stories.

Apr 19 - Egypt to run ports 24 hours to cut costly delays

Egypt will keep ports running for 24 hours a day, up from 16 currently, to cut "long waiting times" for shipments, Transportation Minister Hesham Arafat said on Wednesday as the country tackles an issue that has cost it millions of dollars. Grain traders over the last year have added hefty premiums on shipments headed to Egypt, the world's largest wheat buyer, partly as a result of soaring demurrage fees - costs borne by suppliers if they fail to unload their ships on time. Click here to read full stories.

Apr 19 - Huge disruptions coming with 2020 low-sulphur shipping rule - IEA  

The shipping industry and oil refineries are not doing enough to prepare for new rules cutting the amount of sulphur that vessels can emit from 2020, according to the head of the International Energy Agency's (IEA) oil industry and market division. The new rules drastically cut the amount of sulphur that the world's ships can emit, from 3.5 percent currently to just 0.5 percent. Ships that install "scrubbers" that remove sulphur as the fuel is burned can continue to use higher sulphur fuels, but the rest of the world's fleet will need to purchase lower sulphur fuel in order to comply. Click here to read full stories.

Apr 12 - Shipping fuel costs to spike 25 pct in 2020 on sulphur cap - WoodMac 

Global shipping fuel costs are likely to rise by a quarter, or $24 billion, in 2020 when new rules limiting sulphur kick in, consultants Wood Mackenzie said on Wednesday. The ballooning costs will come as the change in regulations forces a portion of the world's fleet to switch to lower sulphur, but higher cost, fuels such as marine gasoil (MGO) and ultralow sulphur fuel oil. Click here to read full stories.

Apr 12 - U.N. shipping agency under pressure to tackle growing CO2 emissions 

The United Nations' shipping agency is under pressure this week to agree on a plan to cut carbon emissions from the sector, following years of slow progress, but the strategy could fall well short of what is required to limit global warming. The shipping sector, along with aviation, avoided specific emissions cut targets in a global climate pact agreed at the end of 2015, which aims to limit a global average rise in temperature to "well below" 2 degrees Celsius from 2020. Click here to read full stories.

Apr 12 - Argentina books largest U.S. soybean imports in 20 years, USDA says 

Argentina has booked its largest import purchase of U.S. soybeans in 20 years, the U.S. Department of Agriculture said, amid a drought that has cut production in the world's No. 3 soybean exporter and top supplier of soymeal and soyoil. The USDA on Tuesday confirmed the private sales of 120,000 tonnes of U.S. soybeans to Argentina for shipment in the 2018/19 marketing year, which begins on Sept. 1. Click here to read full stories.

Apr 12 - Chinese firm to invest $800 mln on Sri Lanka Port City underground road 

China Communication Construction Company (CCCC) will invest $800 million to build an underground road network to Sri Lanka's Port City, a $1.4 billion project built on reclaimed land, a government minister said. The plan, for which an agreement has already been signed, is expected to reduce traffic congestion on the existing route once the Port City - part of Beijing's ambitious plan to create a modern-day "Silk Road" across Asia - starts operating. Click here to read full stories.

Apr 12 - Denmark's DFDS agrees to buy Turkish shipper U.N. Ro-Ro in $1.2 bln deal 

Danish shipping and logistics company DFDS  has agreed to buy Turkish freight shipping operator U.N. Ro-Ro from Turkish private equity firms Actera Group and Esas Holdings for 950 million euros ($1.17 billion) on a debt-free basis. It marks a change of course for the Turkish company, which had planned an initial public offering for up to 57.7 percent of the company, a draft prospectus showed last month. Click here to read full stories.

Apr 12 - The Future of Bunker Fuel: More Expensive, More Complicated, More Problems, More Options
"The time to decide is here, and there is no easy choice," says Michael T. McNamara, Managing Director, Americas, VPS.

Apr 12 - Singapore: VPS Issues Bunker Alert for Excessive Aluminium, Silicon
For fuel deliveries made in first week of April.

Apr 12 - Spectre of Europe Taking Independent Action on Shipping GHG Regulations Moves Closer
MEP Jytte Guteland says such action will be taken if the strategy adopted at this week's MEPC72 is deemed "too lame.

"Apr 10 - Singapore to Get Its First LNG-Powered Bunker Tanker
Ordered by local player Sinanju Tankers and Japanese partner.

Apr 10 - Drewry IMO2020 Survey: Only 66% of Shipowners Believe 0.50% Sulfur Cap Will Be Enforced as Planned from 2020
Respondents also echoed the widely held belief that using low sulfur fuel would be the compliance method of choice for the majority of vessels.

Apr 10 - 6 Ways for Shippers to Reduce Bunker Costs
Slow steaming, use of an intermediary, and reducing the risk of claims should all be part of the equation, writes BunkerEx CEO Ishaan Hemnani. 

Apr 05 - U.N. blacklists dozens of ships, companies over N.Korea smuggling

The United Nations Security Council blacklisted dozens of ships and shipping companies on Friday over oil and coal smuggling by North Korea, boosting pressure on Pyongyang as leader Kim Jong Un plans to meet with his South Korean and U.S. counterparts. The council's North Korea sanctions committee acted on a request by the United States, designating 21 shipping companies -- including five based in China -- 15 North Korean ships, 12 non-North Korean ships and a Taiwanese man. Click here to read full stories.

Apr 05 - COSCO Shipping's takeover of OOCL to complete by end-June - vice chairman

COSCO Shipping's planned acquisition of Orient Overseas Container Line (OOCL) is on track to be completed by the end of June, the company's vice chairman Huang Xiaowen said on Tuesday. COSCO is still answering questions from the Committee on Foreign Investment in the United States on the deal, and is also awaiting a number of domestic approvals, Huang told a press conference in Shanghai. Click here to read full stories.

Apr 05 - China's COSCO Shipping says demand to remain buoyant in 2018

COSCO Shipping Holdings Co Ltd said it expects further growth in container shipping demand thanks to a continued recovery in global trade, after reporting it had swung to a net profit of 2.7 billion yuan ($429.42 million) for 2017. COSCO's optimism, which comes after Hong Kong peer Orient Overseas International Ltd (OOII) reported a profitable year, indicates that a recovery in the global container shipping industry could be here to stay. Click here to read full stories.

Apr 05 - China's Luoyan port bans coal imports temporarily from April 1 - government notice

The eastern Chinese province of Fujian has temporarily banned foreign coal imports into the small port of Luoyan from April 1, according to a government notice reviewed by Reuters, the latest move to curb imports of the fuel. The notice, issued by the city of Fuzhou in Fujian where the port is located, said the ban is aimed at curbing coal imports, but it did not give a reason. Click here to read full stories.

Apr 04 - Indonesia to postpone new coal, palm oil shipping rules to 2020 

Indonesia will delay until 2020 trade rules requiring exporters of coal and crude palm oil to use only Indonesian-flagged vessels, government officials said, putting off efforts to develop local shipping and save foreign exchange reserves. The decision to postpone the rules by two years may come as a relief to the coal, palm oil and shipping industries, which had raised concerns over the availability of local vessels. Indonesia is the world's biggest exporter of thermal coal and the top producer of palm oil. Click here to read full stories.

Apr 04 - Argentina modifies soybean export tax timing in boost to shippers 

Argentina will apply export taxes on soybeans and soy products on the shipment date, rather than the date a deal closes, the Agricultural Ministry said in a decree published in the country's official gazette on Tuesday. The change will allow exporters to pay lower tax rates, since the government has announced plans to cut the rate by 0.5 percentage points per month through December 2019. The export tax rate is currently 28 percent for soybeans and 26 percent for soybean meal and soybean oil. Click here to read full stories.

Apr 03 - Shipping Industry Unprepared for IMO2020, say Commodity Traders
There is still plenty of uncertainly over how ships will comply.

Apr 03 - StormGeo Reminds on Bunker, Emissions Savings Potential of Weather Routing
Company says it helped tanker achieve almost $14,000 in bunker savings on a single voyage.

Apr 03 - New Offices and Staff Appointments as GP Global Expands European and Asia Pacific Bunkering Operations
Move involves appointment of five senior traders alongside the establishment of a new office in Hull, UK and a new branch office in Seoul, South Korea.

Apr 03 - Bunker Spill and Fire in Indonesian Waters
Police are investigating the cause of both the spill and the fire.

Mar 30 - Soufflet takes up Black Sea grain challenge with export facility

Soufflet, one of the biggest exporters of French grain, said a port facility it is launching on the Atlantic coast will help narrow the gap with cheaper, higher-quality Black Sea origins in growing export markets in Africa and the Middle East.The 32 million euro ($40 million) storage and loading site at La Rochelle will allow Soufflet to raise its grain export capacity at the port by a third and to sort supplies more carefully to satisfy overseas millers, Jean-Francois Lepy, head of its trading division, said on Monday. Click here to read full stories.

Mar 30 - Hapag-Lloyd sees calmer waters for shipping industry 

Demand for shipping is growing and could outpace the supply of new vessels next year, helping to boost profits at Hapag-Lloyd as it also reaps the benefits of a recent merger, the German company said on Wednesday.The shipping industry has been in the doldrums for years as a slump in trade following the global financial crisis coincided with the delivery of scores of new vessels ordered earlier. Click here to read full stories.

Mar 30 - Arctic Ocean ice near record low for winter, boost for shipping

Winter sea ice on the Arctic Ocean covered the second smallest area on record this year, part of a thaw that is opening the region to shipping and oil exploration and may be disrupting weather far to the south, scientists said on Friday.The extent of floating ice likely reached an annual maximum of 14.5 million square kilometers (5.6 million square miles) on March 17, fractionally bigger than a record set in 2017, the U.S. National Snow and Ice Data Center (NSIDC) said. Click here to read full stories.

Mar 30 - Brazil's VLI adds rail capacity as farmers harvest record soy crop 

Brazilian logistics company VLI SA has increased capacity of its Ferrovia Norte-Sul railway, a 720-km (447 miles) line linking the central state of Tocantins to the northern port of Itaqui, to serve farmers now harvesting this year's summer crop.The company said it invested 160 million reais ($48.5 million) to buy 240 train cars, raising the number of units by almost 10 percent as producers start collecting soybeans in Matopiba, Brazil's new agricultural frontier in the North/Northeast region. Click here to read full stories.

Mar 29 - DP World wins 30-year Congo port concession 

DP World said on Sunday it had won a 30-year management and development concession for a greenfield, multi-purpose port in the Democratic Republic of the Congo (DRC).The Dubai-owned port operator will set up joint venture with the Central African country's government to manage and invest in the Atlantic Coast's Port of Banana, it said in a bourse statement. Click here to read full stories.

Mar 29 - China's Caofeidian port launches new rail freight link to Mongolia 

The port of Caofeidian in northern China's Hebei province has launched a new dedicated rail freight link to the Mongolian capital of Ulaanbaatar, the local government said on Tuesday, part of efforts to boost its international presence.The government of Tangshan, which administers the port, held a ceremony to mark the official launch of the rail link on Monday. The first train is set to deliver 51 containers of electrical appliances, furniture and raw materials to Mongolia via the border crossing at Erenhot, it said in an announcement. Click here to read full stories.

Mar 29 - Sudan, Qatar to sign $4 bln deal to manage Red Sea port - ministry 

Sudan and Qatar will sign a $4 billion agreement to jointly develop the Red Sea port of Suakin off Sudan's coast, Sudanese media quoted Transport Minister Makawi Mohamed Awad as saying.Awad made the announcement during a visit by Qatari officials to Suakin on Sunday, the reports said. Click here to read full stories.

Mar 28 - Bollore to invest 400 mln euros in Ivory Coast port terminal

French industrial conglomerate Bollore aims to invest 400 million euros ($496.28 million) from next year to build a second container terminal at Ivory Coast's main port of Abidjan, the deputy CEO of its transport and logistics division told Reuters. Philippe Labonne, deputy CEO of Bollore Transport and Logistics, spoke on the sidelines of an African CEO conference in Ivory Coast's commercial capital late on Monday. Click here to read full stories.

Mar 22 - Brazilian grain producers explore increased use of Panama Canal 

Brazilian farmers in top soy state Mato Grosso signed a memorandum of understanding with the Panama Canal Authority to evaluate ways to cut transportation costs and boost Brazilian grain volumes using the waterway, the authority's chief administrator said. The canal's administration is looking to increase its participation in rising Brazilian grain exports, since a large part of grain trade expansion in Brazil is via new terminals in the northern part of the country, which are closer to the canal. Click here to read full stories.

Mar 22 - DP World to build and manage Congolese deepwater port

Dubai ports operator DP World will build and manage a new deepwater port on Democratic Republic of Congo's Atlantic coast, the country's transport minister said on Wednesday. Congo has long looked to develop a port along its less than 50 km (30 miles) of coastline to handle larger vessels than those that can reach its existing shallow ports up the Congo River. Click here to read full stories.

Mar 22 - Brazil set to auction seven more port licenses, source says

Brazil will announce on Monday that it will auction seven additional port operating licenses as part of its privatization efforts, a government source told Reuters on Monday. The licenses relate to port terminals in the northeastern states of Paraíba and Pernambuco as well as in the state of São Paulo in southeast Brazil, the source said, requesting anonymity because the auctions have not yet been made public. Click here to read full stories.

Mar 22 - Bolivia's Morales in The Hague to petition World Court over Chile sea access

Bolivian President Evo Morales arrived in The Hague on Monday for the opening of hearings at the World Court, where his land-locked Latin American country is seeking to force Chile to grant it access to the Pacific Ocean. Bolivia has asked the court, formally known as the International Court of Justice, to order Chile to enter negotiations on the issue, over which it filed the suit in 2013. Click here to read full stories.

Mar 21 - IMO2020: Scrubber Users Advised to Secure Their HSFO Supply
HSFO demand likely to be lower than original IMO estimates putting further pressure on the post 2020 supply chain.

Mar 21 - "Raging" Fuel Oil Storage Fire in Singapore
Some 128 personal and 31 firefighting and support vehicles involved.

Mar 21 - Singapore: BW Group Releases New Informational Video on MFM Bunkering
"BW supports the mass flow meters bunkering system and looks forward to its implementation world-wide," says Billy Chiu, BW Group Senior Vice President.

Mar 21 - Shipping Companies Starting to Feel the Benefits Digital Bunker Buying: BunkerEx
Benefits of going digital not just about price, says CEO Ishaan Hemnani.

Mar 15 - Head of China's Maike hopes for LME metals warehousing in Shanghai free port

The head of Maike Group, China's biggest privately held metals trader, said he would propose at this year's parliament session to allow warehouses registered to the London Metal Exchange (LME) to be set up in Shanghai's planned free-trade port. Placing the LME warehouses, where metal can be stored for delivery into contracts on the exchange, in Shanghai would reduce costs for traders in China, the world's biggest base metal consumer. Currently, Chinese traders must ship metal to sites across Asia to fulfil the contracts. Click here to read full stories.

Mar 15 - U.S. fund manager Breakwave to launch first ETF for shipping futures

U.S.-based fund manager Breakwave Advisors is launching the first exchange-traded fund (ETF) focusing on freight futures, reflecting growing investor interest in shipping as it emerges from a near-decade long crisis, a regulatory filing showed. Around 90 percent of traded goods by volume are transported by sea and global shipping sectors - such as dry bulk - are on course for a recovery this year, according to investors and analysts, prompting speculators to look for ways to trade. Click here to read full stories.

Mar 15 - Violent protests in Guinea, disrupt some bauxite shipments 

Opposition supporters in Guinea protested and erected barricades in the capital Conakry and the mining towns of Boke and Kamsar on Tuesday, disrupting some shipments of the aluminium ore bauxite, a Reuters witness and industry officials said. The unrest sparked by a row over local elections held in February has paralysed much of Conakry since protests erupted on Monday. Demonstrations spread to Boke on Tuesday, where police responded with teargas and clubs, a resident said. Click here to read full stories.

Mar 15 - IMO 2020 Rule: Shipowners' Perspective
An estimated 51,000 commercial ships were registered around the world in 2016.

Mar 15 - Shippers "Playing Chicken" over IMO2020 with 30% Noncompliance Expected: Wood Mackenzie
But BP believes noncompliance will be closer to 9%.

Mar 15 - IMO2020 Switchover Dates and the Effect on Demand, Storage and Liquidity
The market is poised as a perfect place for a large trading house to make money offering volume and liquidity in return for reductions in price from the supplier, writes NSI's Paul Hardy.

Mar 15 - Bunker One Launches New Physical Supply Location
"Maritime activity in the Eastern Mediterranean has been characterized by continuous growth," the supplier says.

Mar 15 - COSCO Eyeing Use of Methanol Bunkers
Shipping giant says its a key step to move toward new clean transportation fuels.

Mar 08 - U.S. fund manager Breakwave to launch first ETF for shipping futures 

U.S.-based fund manager Breakwave Advisors is launching the first exchange-traded fund (ETF) focusing on freight futures, reflecting growing investor interest in shipping as it emerges from a near-decade long crisis, a regulatory filing showed. Around 90 percent of traded goods by volume are transported by sea and global shipping sectors - such as dry bulk - are on course for a recovery this year, according to investors and analysts, prompting speculators to look for ways to trade. Click here to read full stories.

Mar 08 - Australia's Port Hedland iron ore exports to China fall 10 pct in Feb 

Iron ore shipments to China from Australia's Port Hedland terminal fell nearly 10 percent in February to 31.3 million tonnes, down from 34.7 million tonnes a month earlier, port data released on Thursday showed. Overall August iron ore shipments from the world's biggest export terminal for the steelmaking raw material fell to 38.5 million tonnes in February from 41.1 million tonnes in January, according to the Pilbara Ports Authority. Click here to read full stories.

Mar 06 - Bunker One: More Transparency in Singapore Means More Pressure on Margins
Banks and cargo suppliers have naturally turned even more conservative on credit, says Bunker One's Peter Zachariassen.

Mar 06 - IMO2020: Distillate Demand Spike Will Be Short Lived, Says IEA
Demand for HSFO bunkers predicted to fall some 60% in 2020 and will not recover.

Mar 06 - Chemical Tanker Held in Singapore
Reasons behind detention remain unclear.

Mar 02 - IP Week: What we Learned About IMO2020 Bunker Fuels and the Shifting Mood Towards Collaboration
The challenge of 2020 seems to have galvanised the market to collaborate and look for solutions, Paul Hardy write for Ship & Bunker.

Mar 02 - IMO 2020 Rule: Overview & Background
IMO is moving forward with a marked reduction in the global maximum sulfur content of marine fuel on January 1, 2020.

Mar 02 - World Fuel Services Launches New Physical Bunker Supply Location
"World Fuel Services continue to invest in selective physical supply locations," says Joe Gowen, SVP Global Marine Supply.

Mar 02 - Singapore Ship Arrests Hit New Low After Falling 70% in 5 Years
Warrants for arrest show a similar trend.

Mar 01 - Indonesia puts new shipping rules on hold as coal buyers wait

Indonesia has postponed indefinitely the application of new rules that would limit shipments of coal and palm oil exports to only national shipping companies, a Coordinating Economic Ministry official said on Tuesday. Indonesia is the world's biggest exporter of thermal coal and top producer of palm oil, but presently most of its exports of these commodities use foreign vessels. Click here to read full stories.

Mar 01 - Bunge's coveted Argentina plants lure ADM takeover approach

On the banks of the Parana River, machines hum 24 hours a day in Argentina's grain ports, churning out soy-based animal feed and shooting it straight into the hulls of ships bound for buyers worldwide. The wind stirs up fine meal dust, creating a protein-filled haze. Rosario is the biggest soy-crushing hub in the Americas, where 22 plants process 157,500 tonnes of soybeans per day into soyoil and feed that fattens livestock in markets from the United Kingdom to Indonesia. Click here to read full stories.

Mar 01 - Traffic at Ivory Coast's main port up 4 pct in 2017

Traffic at Ivory Coast's main port of Abidjan rose by about 4 percent in 2017, propelled by rising commodity production and increased imports due to strong economic growth, port authorities said on Monday. The port of Abidjan is the main exit point for exports of cocoa beans, of which Ivory Coast is the world's top producer, and other commodities. It also handles most of the goods entering and exiting land-locked Mali, Burkina Faso and Niger. Click here to read full stories.

Mar 01 - Greece temporarily shuts Corinth canal for ships after rockfall 

Greece on Monday closed the Corinth canal after a rockfall that followed heavy rain, temporarily blocking a transit route used mainly by commercial ships and pleasure yachts. The 6.4-km canal serves about 11,000 ships a year, offering a short transit from southern Italy to the Eastern Mediterranean and the Black Sea, saving mariners a 700-km (434-mile) journey around the Peloponnese Peninsula. But its 21.5-metre (64-foot) width means it is not a key waterway for ocean-going vessels. Click here to read full stories.

Mar 01 - French grain groups Cap Seine, Interface eye export boost in merger

French agricultural cooperatives Cap Seine and Interface Cereales have agreed to merge in a deal they hope will boost grain exports through the northern port of Rouen. The merger, which will be put to the cooperatives' farmer members by the end of the year, will create a combined group handling 2.4 million tonnes of grain per year and with annual sales of 1.2 billion euros ($1.5 billion), Cap Seine and Interface Cereales said in a joint statement on Friday. Click here to read full stories.

Mar 01 - IMO 2020 Rule: Overview & Background
IMO is moving forward with a marked reduction in the global maximum sulfur content of marine fuel on January 1, 2020.

Mar 01 - IMO2020: Fuel Oil Price Crunch Could Come Sooner Than You Think, Says Analyst
Price readjustment will start happening in 2019, Rhidoy Rashid tells Ship & Bunker.

Mar 01 - Singapore: Fratelli Cosulich Buys Former Universal Energy Bunker Tanker
UE Sapphire has been renamed Patrizia Cosulich.

Feb 26 - Cargill: Role for Scrubbers to Meet IMO2020 Sulfur Cap
Commodity trader's head of shipping says units likely to be installed on portion of world's fleet.

Feb 26 - Distillates Will Not Dominate Post 2020 Bunker Market: ExxonMobil
"There's going to be a lot of blending, and there's still going to be a lot of residual fuel oil," says ExxonMobil's marine marketing manager, Iain White.

Feb 26 - World Fuel Services Sold 26.5 Million MT of Bunkers in 2017
WFS says it has witnessed "growing weakness" in maritime markets over the last year.

Feb 26 - IMO2020: Exxon, BP See Future for Low Sulfur Residual Fuel
0.5% fuel oil could account for over half of market over longer term.

Feb 22 - Grain movements at northern Brazil ports jumped 80 pct in 2017 

The amount of soy and corn moved through Brazil's new port terminals in the country's north reached 51.2 million tonnes in 2017, 80 percent more than a year earlier, as traders increase shipments through the terminals that are closer to export destinations. According to annual statistics released late on Thursday by Brazilian government agency Antaq, northern ports such as Barcarena, Itaqui and Santarém are quickly expanding their share of grains transportation compared to traditional export routes such as Santos and Paranaguá in the South. Click here to read full stories.

Feb 22 - Rotterdam Port CEO "preparing for the worst" with Brexit 

The Port of Rotterdam is bracing for a British exit from the European Union without any deal on customs, and looking at measures such as hiring 100 extra customs agents and dozens of fresh produce inspectors. CEO Allard Castelein said he had had two meetings in the past week with "policy makers, the cabinet, the government and supporting officials about the consequences" of a so-called "hard" Brexit, which would move Britain away from EU rules. Click here to read full stories.

Feb 22 - Goldman Sachs and Macquarie seen as front runner in HES Terminals sale -sources 

A consortium of infrastructure funds at Goldman Sachs and Macquarie is seen as the front runner in the sale of European bulk port terminal operator HES International, worth around 2 billion euros ($2.5 billion), industry sources said.Morgan Stanley is mandated to sell the asset, two sources, whose organisations had considered bidding for it, said. They added that the expectation Goldman Sachs and Macquarie would win put off some prospective bidders. Click here to read full stories.

Feb 21 - Argentine truckers block capital streets to protest Macri reforms 

Argentine truck drivers paralyzed parts of Buenos Aires, throwing up road blocks in some of the city's busiest downtown neighborhoods, in a protest on Wednesday against President Mauricio Macri's market-friendly economic policies.The protest was seen as a test of the president's ability to keep pushing legislation in Latin America's No. 3 economy after a violent outcry over pension reforms he got through Congress late last year.  Click here to read full stories.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Feb 01 - Guinea's GDM ships first bauxite ore 

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

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

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

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

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

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

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

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

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

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

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

Jan 25 - India opens new ports for used steel imports 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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