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01-11-2016

Chinese State-Run Dry Bulk Company Succumbs to Bankruptcy

Zosco has been declared bankrupt by Hangzhou Intermediate People’s Court. Chi
01-11-2016

3 Mins Daily Market Report

Oil prices edged higher from one-month lows in early trading in Asia on Tuesday after OPEC agreed on a long-term strategy that was seen as an indication the cartel was reaching a consensus on managing production. But the gains were limited as the market was weighed down by further indications of record output from the group, a sign the glut that has kept a lid on prices is not draining away as fast as the oil bulls would like. U.S. West Texas Intermediate (WTI) futures were up 9 cents at $
31-10-2016

3 Mins Daily Market Report

Oil prices extended declines on Monday after non-OPEC producers made no specific commitment to join OPEC in limiting oil output levels to prop up prices - a stance that suggested they wanted OPEC to solve its differences first. Officials and experts from OPEC countries and non-OPEC nations including Azerbaijan, Brazil, Kazakhstan, Mexico, Oman and Russia met for consultations in Vienna on Saturday and only agreed to meet again in November before a scheduled regular OPEC meeting on Nov. 30, th
28-10-2016

3 Mins Daily Market Report

Oil prices dipped early on Friday, weighed down by lingering doubts over whether OPEC can coordinate a crude production cut big enough to rein in oversupply that has dogged markets for two years. International Brent crude oil futures were trading at $50.39 per barrel at 0033 GMT, down 8 cents from their last close. U.S. West Texas Intermediate (WTI) crude was down 5 cents at $49.67 a barrel. Traders said there were significant doubts that the Organization of the Petroleum Exporting Coun
27-10-2016

3 Mins Daily Market Report

Oil prices were below $50 per barrel on Thursday on doubts OPEC will be able to bring together its members and Russia to organize a coordinated crude production cut. International Brent crude oil futures made a push above $50 per barrel early on Thursday, but had dipped back to $49.91 by 0034 GMT, 7 cents below their last closing price. WTI futures were trading at $49.17 per barrel, down 1 cent from their previous settlement. Traders said Brent was struggling to break above $50 over dou
26-10-2016

3 Mins Daily Market Report

Oil prices fell on Wednesday, pulled down by a report of surging U.S. crude inventories, rising output in Nigeria and squabbling among producers about a planned output cut, which together re-ignited concerns over a global supply glut. U.S. West Texas Intermediate crude oil futures were trading at $49.34 per barrel at 0012 GMT, down 62 cents, or 1.24 percent, from their last settlement. International Brent crude futures were down 53 cents, or 1.04 percent, at $50.26 a barrel. Official fu
25-10-2016

Singapore Becomes Newest IEA Association Country

Singapore has become the latest IEA Association country. Singapore's Ministry
25-10-2016

3 Mins Daily Market Report

U.S. oil dropped on Monday, after Iraq said it wanted to be exempt from any production freeze deal by the Organization of the Petroleum Exporting Countries. U.S. crude futures for December delivery were down 0.90% at $50.40 a barrel. On the ICE Futures Exchange in London, the December Brent contract declined 0.50% to trade at $51.52 a barrel. The Organization of the Petroleum Exporting Countries is set to hold a meeting on November 30 to further discuss the details of a global output fr
24-10-2016

52 Maritime Players Issue Joint Call for IMO Action on Shipping Emissions

A group of 52 maritime players has issued a joint letter to IMO to take action to reduce shipping emissions.
24-10-2016

Kirby Pays $250,00 Toward Bunker Spill Clean Up on Canadian West Coast

Kirby has paid $250,000 for clean up costs to the Heiltsuk Nation after the company's tug grounded late last week.
24-10-2016

3 Mins Daily Market Report

Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and as U.S. drillers stepped up work. International Brent crude oil futures were trading at $51.61 per barrel at 0051 GMT, down 17 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures were down 20 cents at $50.56 a barrel. Traders said the price falls were a result of comments from Iraq, which said it wanted to be exe
21-10-2016

New Software Launched to Digitalise Delivery Paperwork for the Bunkering Industry

Jeff Mildner, co-founder, Vortex Development Group U.S. and Canada-based Vort
21-10-2016

3 Mins Daily Market Report

Oil prices were stable on Friday, weighed down by a stronger dollar but supported by signs fuel markets are balancing after two years of oversupply. The dollar rose to its highest level since March against a basket of other leading currencies on Thursday, potentially crimping demand as fuel becomes more expensive for countries using other currencies. U.S. West Texas Intermediate (WTI) crude was trading at $50.62 a barrel at 0050 GMT, 1 cent below its last settlement. International Brent
20-10-2016

3 Mins Daily Market Report

Oil prices dipped on Thursday on profit taking after markets rallied the previous day due to a draw in U.S. stocks and an expectation of an OPEC-led cut in production. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $51.44 per barrel at 0122 GMT, down 16 cents from their last close. International Brent crude futures were trading at $52.64 per barrel, down 3 cents. Traders said that the price dips were a result of profit taking following a rally the previous day, whi
19-10-2016

3 Mins Daily Market Report

Oil prices rose early on Wednesday, pushed up by a report of a fall in U.S. crude inventories and an OPEC statement saying a planned production cut was achievable, although analysts warned that Chinese economic data could erode the bullish momentum. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $50.81 per barrel at 0011 GMT, up 52 cents, or 1 percent, from their last settlement. International Brent crude futures were at $52.14 a barrel, up 46 cents, or 0.9 percent.
18-10-2016

Rickmers Maritime Warns of Winding Up Risk at Key Vote on Restructuring Plan

Rickmers Maritime bond holders have been told the trust could face winding up if they vote against the proposed plan
18-10-2016

3 Mins Daily Market Report

Oil prices rose early on Tuesday as some analysts said markets might not be quite as oversupplied as suggested by many, with global inventories rising less than expected ahead of the high-demand winter heating season in the northern hemisphere. A drop in the dollar away from seven-month highs the previous day also supported crude, as a lower greenback makes fuel purchases cheaper for countries using other currencies domestically. Brent crude futures were trading at $51.77 per barrel at 003
17-10-2016

Missouri River Bunker Spill Clean Up Complete: USCG

USCG) says clean up operations for a bunker spill fuel that occurred near Kansas City, Missouri were completed on Tuesday.
17-10-2016

DYNAMARINe's EMP Approved for Use Under EU MRV Requirements

DYNAMARINe's EMP has been certified as MRV-ready. DYNAMARINe has announced th
17-10-2016

3 Mins Daily Market Report

Oil prices fell early on Monday, pulled down by a rising rig count in the United States, a strong dollar and record OPEC-output which comes amid slowing global economic growth that could erode fuel demand. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $50.16 per barrel at 0115, down 19 cents from their last settlement. Traders said that WTI was pulled down by another rise in U.S. oil drilling activity. A closely watched report on Friday by oil services provider Ba
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