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22-03-2016

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.
22-03-2016

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.
21-03-2016

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. 
21-03-2016

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
18-03-2016

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.
18-03-2016

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
16-03-2016

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.
16-03-2016

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
10-03-2016

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.
10-03-2016

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.
09-03-2016

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.
09-03-2016

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. 
08-03-2016

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.
04-03-2016

Nigeria: Expect a "Dramatic Price Movement" - Oil Output Talks Reportedly Set for March 20

Emmanuel Kachikwu, minister of state for petroleum resources for Nigeria A "d
03-03-2016

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.
03-03-2016

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.
01-03-2016

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.
01-03-2016

Dry Bulk Player Pacific Basin Open to Acquisitions

Will PacBasin find opportunity in the currently cratered dry bulk markets?  D
01-03-2016

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.
29-02-2016

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. 
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