February, 2017
Date Headline Image
Tue14Feb
K Line has obtained certification from SBTi, and has set its interim target to reduce CO2 emissions by 10 percent for 2019.
K Line CO2 Reduction Targets Certified as "Scientifically Consistent" with Paris Agreement
Tue14Feb
Moody's has also upgraded HMM's credit rating from D to BB, moving the company from a "default" rating to "stable."
Updated: HMM Expected to Receive $633 Million in State-Backed Financing
Tue14Feb
Dan-Bunkering served a warrant of arrest on PDZ Holdings' vessel PDZ Mewah last month.
PDZ Declares "Strong Arguable Case" After Vessel Arrested on Bunker Claim
Tue14Feb
The industry has had three years to prepare for the change, which now takes effect from February 15, 2017.
Turkey Mandates Refineries and Oil Terminals to Use Mass Flow Meters
Tue14Feb
A UK Government report has found that one of the vessels' hull shapes, designed to reduce wind resistance, caused "relative motion illusion."
MAIB: Bunker Saving Vessel Design Led to Ship Collision
Tue14Feb
Meanwhile, U.S. shale builds contribute to speculators cutting net long positions on Brent.
Fear of Drastic Market Downturn Resurfaces in Wake of OPEC Non-Member Cutback Compliance Said to Be Only 48 Percent
Tue14Feb
But OPEC's forecast is still less than its numbers for 2016.
OPEC Raises 2017 Oil Demand Growth Forecast as U.S. Shale Production Expected to Jump Again in March
Tue14Feb
Traffic reached an all time high of 83,740 transits, marking a 3.4 percent increase.
2016 Marks New High for Vessel Traffic in Malacca and Singapore Straits
Tue14Feb
The Baltic Dry Index lost 14 points to land at 688 on Monday.
Baltic Dry Index Falls Below 700 Mark as Index Cool Down Continues
Tue14Feb
"We can look forward to bringing in some key commercial people over the next 12 months," Chief Commercial Officer Daniel Rose tells Ship & Bunker.
"Exciting Times" Ahead for OceanConnect Marine in 2017: Rose