February, 2016
Date Headline Image
Thu11Feb
Khalid Hashim, CEO of PSL, has issued a warning that a wave of bankruptcies in dry bulk shipping could be seen as banks roll back loan policies.
Dry Bulk Bankruptcy Wave Approaching, Warns Precious Shipping CEO, as BDI Falls to 290
Thu11Feb
"The most striking feature of this market, relative to past cycles, is the lack of a supply response," says head of commodities research Jeff Currie.
Goldman Sachs: No Surprise if Oil Drops into the Teens
Thu11Feb
Turkey is joining a growing number of nations in the use of technology to ensure maritime regulatory compliance.
Drones to Monitor Vessel Emissions in the Bosphorus Strait
Thu11Feb
The IMO says a tonnage verification process has been completed, providing official confirmation that the required tonnage criteria still not been met.
IMO Tonnage Verification for BWM Convention Confirms More Ratifications Needed
Thu11Feb
Royston says the increased demand has been spurred by international oil companies' growing insistence that fuel monitoring systems be fitted on OCVs.
Demand for Fuel Monitoring Systems Unaffected by Low Oil Price, Says Royston
Thu11Feb
US-based dry bulk operator Eagle Bulk Shipping has until February 23, 2016 to find alternative financing.
Eagle Bulk Granted More Time to Rearrange its Troubled Financials
Thu11Feb
Finnish power plant manufacturer currently building 61 engines for Japanese gas-powered ships.
Wärtsilä Engines Powering Japanese Shipping Industry Into the "Gas Age"
Thu11Feb
The agency repeats an earlier prediction that global demand will be scaled back to 1.2 million bpd this year.
IEA: OPEC Turning Up The Taps in 2016 Despite Demand Reduction
Thu11Feb
A Nigerian Navy operation freed the crew of the box ship within a day.
Singapore-Registered Vessel Safmarine Kuramo Released After Hijacking
Thu11Feb
Three buyers, unrelated to Mercator, each paid SGD 1 ($0.72) under the deal.
Mercator Sells Singapore-Based Dry Bulk Carrier Subsidiary for Three Dollars