February, 2017
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While coming into the Singapore market would be "very difficult," for those already invested in know how and the right people, "it makes sense to be here," Fratelli Cosulich CEO Timothy Cosulich tells Ship & Bunker.
Singapore Is a Good Bunker Market to Be in for the Right Players: Cosulich
Salvage operations are reported to have been hampered by rough weather.
Oil Pollution Spotted After Tanker Runs Aground off Japan
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
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
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
It is reported that during travel, one of the two rudder plates has fallen off of the recently launched solar powered ferry.
Launch of Zero Emissions Ferry Marred by Suspected Sabotage
The New Zealand Shipping Federation suggests that carbon charges to local shipping companies can be as much as $250,000 per ship each year.
Shipowners Say New Zealand Carbon Tax Puts Local Shippers at Disadvantage
Some had speculated mandatory MFMs would cause bunker prices in the port to rise, driving volumes elsewhere.
No Drop in Singapore Bunker Volumes from Mandatory MFMs as MPA Reports Record Sales
Four non-compliance cases were identified, with owners and masters of the OGVs found fined within a range of $5,000 to $15,000.
Hong Kong Conducts 166 Surprise Vessel Inspections for ECA Reg Compliance
Gradual implementation of ECA regulations is said to have given shipowners time to respond.
China's ECAs Has Had Minimal Impact on Vessel Operators: Market Sources