Panama Posts 23% Jump in Annual Bunker Sales
In 2015 the Atlantic coast, with the port of Cristobal, saw greater bunker volume growth than the Atlantic coast.
Baltic Dry Index Starts Week on a Positive Note as Dry Bulk Scrapping Escalates
While most of the vessels being scrapped are said to be 20 years or older, a number of young ships are also being sent for demolition.
Moody's: Benefit of Falling Bunker Prices for Box Carriers Will Fade in 2016, Global Shipping Outlook Changed to Negative
The tanker industry should be stable, but the container and dry bulks markets will continue to suffer, according to bond rater.
Creditors of Singapore Dry Bulk Owner Press for Auction of Arrested Vessel
Creditors of Mercator Lines are said to be pressing for the judicial auction of an arrested vessel, the 74,000 DWT MV Garv Prem
Sources: Bunkering Halted at Novorossiysk Due to Bad Weather
Vessels are said to have canceled bunkering operations at Novorossiisk in preparation for anticipated poor weather conditions Thursday.
LNG Bunkers Facing an Uncertain Future in Asia
Peter Hall, chief executive, International Bunker Industry Association, said low fuel oil prices mean there was no incentive to switch to LNG
Bunker Price Volatility, Uncertainly Set to Continue
Some analysts think an oil price recovery is crucial, while others say new lows are required to end the oil glut.
Obama's Drilling Ban Meaningless for Producers Now, But Could Tee Up Price Jumps in Future Years
Obama announced the drilling ban on Tuesday (file photo)
Critics of U.S. Pres
Nigeria Will "Make the Necessary Sacrifices" to Remain Part of OPEC
Nigeria's President, Muhammadu Buhari, says that the country will "make the necessary sacrifices" to remain a member of OPEC.
Kirby Purchases Tanker Barge Fleet from Seacor for $88 Million
The $88 million purchase includes 27 inland 30,000 barrel tank barges, 13 inland towboats, one 30,000 barrel tank barge, and one newbuild towboat.
Port of Rotterdam Hails Cleanest Sea-Going Vessel Ever to Call at the Port
The Island Condor is a platform supply vessel built in 2014 owned and operated by Island Offshore, a privately-owned company providing services for the offshore oil industry.
Rolls-Royce Signs $6.5m LNG Propulsion System Deal
An artist's rendering of the new LNG-powered cargo vessel being built by NSK with a Rolls Royce propulsion system.
Brent Breaks $40/bbl, But Glut Warnings Persist
Analysts think an improved attitude towards risk assets overall is the real reason for the oil rally.
Nigeria: Expect a "Dramatic Price Movement" - Oil Output Talks Reportedly Set for March 20
Emmanuel Kachikwu, minister of state for petroleum resources for Nigeria
Global Stockpiles Will Take until 2021 to Clear, Stymying True Market Recovery
One analysts says that even if supply and demand are balanced, the market may prove to be indifferent.
Bunker Shortage at Russian Port of Novorossiisk
Severe bunker supply troubles at the Port of Novorossiisk could last for weeks to come, market sources say.
Weather Impedes Clean Up of Thai Bunker Spill
The Ocean Dream, which had been left abandoned since March 2014 by its Chinese owner, is reported to have now sunk.
Dry Bulk Player Pacific Basin Open to Acquisitions
Will PacBasin find opportunity in the currently cratered dry bulk markets?
Container Carriers Need "Deeper Capacity Cuts," Says Drewry
Drewry says "carriers will need to intensify their capacity management tactics in 2016" if there is to be hope that rates will rebound.
Navios Maritime on Dry Bulk: As Difficult a Market as Ever Existed in Shipping
The CEO of Navios Maritime has never experienced as difficult a shipping market.