China Approves Another Shipping Merger
Sinotrans & CSC Holdings will become a wholly owed subsidiary of China Merchants Group, no longer directly controlled by the SASA.
Iran Will "Oppose" Any Bid to Stabilize Oil Market Due to Saudi Conflict
Ayatollah Ali Khamenei, has predicted "divine vengeance" for the execution
Iran: "We Will Adjust Our Output To The Global Market's Demand"
Mohsen Qamsari says "the amount of exports highly depends on the future condition of the market."
Low Gas, Crude Prices Slowing Investment in Asian LNG Bunkering: Read Smith
Low gas prices in Asia are slowing investment.
Despite liquefied natural gas
Gibraltar Reports Increased Bunkering Activity in 2015
GPA the total number of ships calling at the port for bunkers and the quantity of fuel delivered both grew during 2015.
The Gibraltar Port Authority (GPA) Friday in an emailed press release announced that its annual performance review shows that the total number of ships calling at the port for bunkers and the quantity of fuel delivered both grew during 2015.
"Whilst early days, this trend reinforces Gibraltar's position as the Mediterrane
More Bad News for Dry Bulk: Baltic Dry Index Falls to ANOTHER Record Low of 415
The dry bulk sector's key benchmark has been at a fresh record low on five of the six reporting days of the year so far.
Panama Canal Construction Consortium Facing Criminal Investigation
GUPC is facing an investigation after a criminal complaint was filed against it relating to cost overrun claims
As Crude Prices Plummet, OPEC Members Yet Again Disagree on Need to Hold an Emergency Meeting
Suhail bin Mohammed al-Mazroui says the OPEC strategy is working.
For the sec
Sri Lanka Seeking Strong Player to Sell Bunkers at Hambantota
SLPA Chairman Dhammika Ranatunga says the new bunker supplier 'has to be a strong player with competitive pricing."
Singapore Grants Extra 10% Port Dues Discount for Containerships
The MPA has announced that, as of January 15, container vessels at the Port of Singapore will be eligible for an extra 10% discount on port dues.
Rotterdam Throughput Grows by 4.9% in 2015 to Reach Record Level
A throughput growth of 4.9% at the Port of Rotterdam is said to be "almost entirely attributable" to the increase in crude oil and oil product transport.
Saudi Arabia's Oil Strategy Causing "The Worst Internal Crisis" in OPEC's History
John Defterios, emerging markets editor for CNN Money, says OPEC is "deeply divided" into 2 camps.
Baltic Dry Index Falls to Fresh Record Low of 369, Panamax Rates Fall Under $3,000
On Monday, average spot TC rates fell to $2,730 per day for capesizes, $2,999 per day for Panamax, and $4,060 per day for Supramax.
USCG Issues Additional LNG Bunkering Guidance After Witnessing "Release of LNG and/or Near Misses"
The U.S. Coast Guard has released additional guidance on LNG bunkering operations through two separately issued field notices.
OPEC Predicts Increased Oil Demand in 2016 While Analysts Anticipate Further Price Reductions
OPEC also says 2016 is the year in which "the rebalancing process starts."
Malta Says it is Falling Short of its Potential in Mediterranean Bunker Market
The Maltese government is said to be reviewing the country's oil bunkering regulations in hopes of increasing it presence in the bunkering sector.
Oil Demand Growth Stymied by Warm Weather and Lousy Global Economics: IEA
IEA says OPEC crude output in December slowed by 90,000 barrels per day
Panama Plans Accession to BWM and Hong Kong Conventions
Panama has announced that it has begun the process of accession for both the Ballast Water Management and Hong Kong Conventions.
Dry Bulk Index Falls to Another Historic Low of 355, But Demand is Not The Problem, Says Analyst
The Dry Bulk Index has now been at a record low for the last 13 consecutive trading days, and fallen every day so far in 2016.
Russia May Undertake Run Cuts on Falling Fuel Oil Prices: Reports
With fuel oil netbacks at some Russian refineries now estimated to be in negative territory, and with no end in sight for chronically low crude prices, traders believe Russia may soon undertake run cuts, according to reports.