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Tests Suggest Panama Canal Lock Leaks Fixed

The expansion of the Panama Canal has been plagued with delays and disputes between contractor and operator.  

Iran Loads First Europe-Bound Crude Shipments

Iran was reported to have loaded an initial 4 million barrels in Europe-bound crude shipments on the weekend.

January Sees Huge Spike in Dry Bulk Scrapping

Dry bulker demolition sales are reported to have reached 4.6 million DWT in January, a year on year increase of 84 percent.

OPEC Willingness to Talk Cuts Either "Poppycock" or Evidence That "Hell Froze Over"

Analysts warn that the current oil price rebound is based on false hope Despi

UK Court Sanctions Shell, BG Mega-Merger

BG has confirmed that the High Court of Justice of England and Wales has sanctioned the so-called "mega-merger" of Shell and BG.

Shipping Corporation of India Supported by Low Bunker Prices

SCI is said to have retained significant cost savings its third quarter, in part due to low bunker prices.

Singapore-Registered Vessel Safmarine Kuramo Released After Hijacking

The 2,500 teu vessel Safmarine Kuramo was journeying from Pointe Noire, Congo to Port Onne, Nigeria.

IEA: OPEC Turning Up The Taps in 2016 Despite Demand Reduction

The International Energy Agency (IEA) in its latest Oil Market Report for February says global oil demand is forecast "to ease back considerably" this year to 1.2 million barrels per day (bpd) compared to the five year high of 1

Paris Climate Target "Impossible" Without Shipping Emissions Reductions, Say NGOs

Seas At Risk and T&E have called emissions from shipping, along with aviation, the "elephant in the room" in international climate talks.

Gard Alert on Revised Nigerian "Letter of Comfort"

The Nigerian state oil company had banned 113 tankers from territorial waters in a presumed anti-corruption drive. 

Over 26% of Singapore Bunker Tankers Now Fitted with MPA Approved Mass Flow Metering System

An ExxonMobil accredited mass flow metering system Data released by the Marit

Bunker Prices to Stay Under Pressure: Opportunity to Cut Crude Production has been Missed

Goldman Sachs says any reduction strategy undertaken by OPEC would be undermined by the time necessary to enact cuts.

Bahrain and Saudi Arabia Ports Ban Iranian Flagged Vessels

GAC says that Bahrain and Saudi Arabia have issued notice that "no dealings are to be undertaken with Iranian flagged vessels until further notice."

Port of Los Angeles Failing to Enforce Shore Power Rules

An audit has found that the Port of Los Angeles' TraPac terminal has failed to meet a number of the city's air quality improvement measures.

"Plenty of Signs" OPEC's High Output Strategy is Working

John Higgins, chief markets economist for Capital Economics, says there are “plenty of signs” OPEC's strategy is working

Attacks Against Fuel Tankers in SE Asia Dropped in 2015, Says IMB

A decline in attacks against small fuel tankers along SE Asian coasts is said to be a "key factor" in a recent overall global reduction in piracy and armed robbery at sea.

Diana Shipping Buys Bulkers at "Distressed" Prices

Diana Shipping says it has purchased three Panamax dry bulk vessels for a "distressed" collective price of $39.8 million.

P&I Limbo Risks Highlighted as Glencore Loads Iranian Fuel Oil

Glencore's charter of the Green Warrior to load fuel at Bandar Mahshahr port signals the return of Iranian crude to the international market.

Think Bunker Prices Have Hit Bottom? New Report Says US Shale Producers Can Prosper With Oil at Sub $30/bbl Prices

The average well in DeWitt County's Eagle Ford formation can be profitable even if crude drops to $22.52 per barrel

Rotterdam ULSFO Bunker Sales Expected to Hit Almost 1 Million MT in 2016

Combined sales of ULSFO and distillates are said to account for about a quarter of total bunkers sold at Rotterdam in 2015.
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