Global Risk Management Adds Two to Denmark Trading Team
Michael Korsager Nielsen (l) will take on the role of Senior Trader, while Nicholas Foo (r) will fulfill the role of Trader.
China: Bunkering Suspended, No Re-Open Date Set for Closed Fuel Oil Terminals at Tianjin
Last week's two explosions mean that all chemical, oil and liquefied petroleum gas terminals have been closed, along with bunkering operations.
Deltamarin Introduces "the Future Container Feeder Design"
Deltamarin has introduced the first vessel of its series, the A.Delta2300, claiming fuel efficient design and increased cargo capacity.
Maersk Line: 2015 Q2 Net Profit Down 7.3% Year-on-Year
Despite a weaker 2015 Q2 year-on-year and a challenging market, Maersk Line promises to retain their lead position in the global box market.
ECA Loophole May Provide a Competitive Advantage for Some UK Ports
Welsh ports may see an increase in shipping traffic, as the Irish Sea is not covered by new ECA regulations.
Malaysia Calls for Anti Piracy, Hijacking Strategies to be Revisited
Datuk Seri Hishammuddin Hussein, Malaysia’s defence minister, has suggested that anti-hijacking and anti-piracy efforts should be reassessed.
Bunker Pirates Steal 3,500 mt of Bunkers from Singaporean Tanker
Roughly $700,000 worth of marine fuel oil (MFO) had been aboard.
Gazprom Neft Marine Bunker: Retail Sales up 3% in First Half of 2015
Gazprom Neft Marine Bunker says that marine fuel retail sales for the first six months of 2015 are up 3 percent year-on-year.
ARA Fuel Oil Inventories Rise Up 20%
ARA stocks were reportedly standing at 48.64 million barrels the week ending August 6.
Sri Lanka's Colombo Port Sees Increase in Vessel Traffic, Cargo Tonnage
Container handling at the port also increased during the first half of 2015.
Crude Futures Continue to Fall
Crude futures continued falling today following yesterdays momentum.
Oil analysts have vehemently stated that last weeks rise in U.S gasoline stock proved more important than a 4.4 million barrel draw of crude oil.
The current market state is creeping closer to breaking 2015 lows and it shouldn't be a surprise if and when it does.
Brent contracts for September delivery settled at $49.52 per barrel after hitting 6 month lows earlier in the trading day
Production of Tallink LNG Fast Ferry Begins
Tallink's LNG ferry is being built by Meyer Turku Oy.
Production of AS Talli
ARA Fuel Oil Stock Rises to 23% Above Five-Year-Average
Stock is up to 840,000 barrels as of last week.
Fuel oil stock in the Amsterd
Drewry: China's Economic Slowdown Will Translate to Demand Loss in Container Market
Drewry says the China's economic slowdown, which has a "huge bearing" on world port throughput, will likewise affect the container freight market.
W\u00e4rtsil\u00e4 To Provide Engine for World's First LNG Dual-Fuel Dredger
The vessel is being built for Belgium's DEME Group.
Teekay Tankers to Aquire 12 Suezmax Tankers
Teekay Tankers announced that it has agreed to acquire 12 Suezmax tankers from Principal Maritime Tankers, a $662 million deal.
Singapore Bunker Supplier Tankoil Declared Bankrupt, "Milestone" Hailed for OW Bunker Proceedings
Trustees of DOT have been working to have Tankoil declared bankrupt since last year.
China Fuel Oil Demand Jumps Almost 25% in June
Platts says China's apparent oil demand reached reached 11.25 million bpd.
Crude Futures Soft Despite Larger than Expected Draw on U.S. Inventories
Today EIA information showed that U.S crude inventories fell by 4.4 million barrels last week when crude analysts were only expecting a 1.7 million barrel draw.
Although the residual stocks fell heavily, distillate inventories rose significantly in the U.S. Brent contracts for September delivery were in the red most of the day but ended up curbing all the losses by the end of the trading day.
Brent settled at $49.59 per barrel down $0.40 cents.
Tugboat Collision with U.S. Fuel Terminal Pier Causes 1,000 Gallon Oil Spill
A tugboat reportedly collided with a Bayonne fuel terminal pier, resulting in the spill of 1,000 gallons of oil.