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.
Rotterdam Low Sulfur Bunker Sales "Almost Tripled" in 2015
Sales of low sulfur gas oil and diesel at the Port of Rotterdam is said to have increased from 0.7 million to 1.8 million m3 in 2015.
Singapore Ship Arrest Activity Falls for a 3rd Consecutive Year [GRAPH]
The number of ships arrested in Singapore has fallen for the third consecutive year, official data provided to Ship & Bunker by the Supreme Court of Singapore shows.
There were a total of 56 vessels arrested in the maritime and bunkering hub during 2015, down from 60 in 2014 and 85 in 2013.
The number is less than half of the 114 arrested in 2012.
2015 saw 70 warrants for arrest filed, a slight increase on the 67 filed last year.
Bunkering Set to be Hit by More Strike Action at Greek Ports
Greek port workers are reported to be set to strike for 48 hours beginning Wednesday at 6 a.m. local time.
TOTE receives 2nd LNG-powered container ship ahead of schedule
Perla Del Caribe is the world's second LNG-powered container ship
Iran Will Win Back its Share of OPEC Production "At All Costs"
Nobakht is an adviser to Iranian President Hassan Rouhani
Iran will win back
Shell Announces Shareholder Approval for BG Acquisition
Shells reported $52 billion acquisition of BG, is expected to spur the creation of the world's biggest trader of LNG.
Weak Rates Prompt Panamax Owners to Commence Scrapping Earlier Than Planned
One expert thinks all Panamax vessels built on or before 2005 will be scrapped "sooner rather than later."
China's Yangtze River Delta ECA to Come into Force This April
Ships at berth at ports within the Yangtze River Delta ECA must use fuel with a sulfur content of less than 0.5 percent beginning April 1, 2016.
Tax Rule Could "Change the Dynamics of Bunkering" on India's Eastern Coast
The state of Andhra Pradesh has reduced the VAT on all coastal and foreign going vessels to 0.5 percent from an earlier rate of 14.5 percent.
IBIA Chairman Accuses IMO of Under-Regulating Bunker Quality
Jens Maul Jørgensen said that the IMO had focused its environmental regulations too much on shipowners and operators.
Bunker Spill After Bulk Carrier Collides with Pier
A bulk carrier is reported to have struck Pier 1 at the Port of Astoria early Friday morning.
Battle Over Gibraltar LNG Bunkering Facility Continues
The GSD has again accused the government of being unclear over its LNG bunkering plans.
China Pollution Reduction Plan Expected to be a Key Driver for LNG Bunkers
The “impetus” for the adoption of LNG as marine fuel in Hong Kong and the Pearl River Delta is said to be in China's future emissions regulations.
Panama Reports Another Month of Year-on-Year Bunker Sales Growth
AMP data indicates 305,000 mt of bunker were sold in the month August.
Busan Bunker Barge Strike Could Mean Supply Shortage, Bunker Price Hike
Barge operators at Busan are reportedly urging colleagues at other ports to consider striking as well.
IMO and Singapore MPA Mull Global Cooperation Network for Maritime Technology
The two organisations said that such sharing technologies would be important to help battle climate change globally.
China's August Fuel Oil Imports up 58.5%
Analysts have suggested that China's fuel oil imports will drop for the remained of the year and in 2016
Danish Port Hails LNG Bunkering First
The Rem Leader became the first ship ever to be bunkered with LNG at the Danish Port of Esbjerg.