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December, 2016
Date Headline Image
Fri30Dec
Rickmers Bondholders Reject Debt Restructuring Proposal
The proposal would have seen the restructuring of S$100 million 8.45 percent notes.
Fri30Dec
Bunker Prices at Major Bunkering Hubs Double in 2016
The jump comes despite the underlying Brent crude price have risen just 52 percent over the year.
Fri30Dec
Oil in 2016 Posted Best Showings Since 2009; But Storm Clouds Loom in the New Year
Despite end-of-year jubilation over 2016, critics now wonder if OPEC will cause a reversal of fortunes in 2017.
Fri30Dec
Skangas Signs Deal for First Small-Scale LNG Reload at Klaipeda LNG Terminal
Skangas says it sees the move as a "natural next step" to support the development of the small-scale market in Northern Europe, including bunkering.
Fri30Dec
Jamaican Spills Linked to Bunkering Operations in Kingston Harbour
NEPA says that, of the three spills that occurred from November 24 to 26, two have been linked to bunkering activities.
Fri30Dec
China LNG Announces New LOI to Support LNG Bunkering in Pearl River Delta
The LOI addresses investments for the construction of LNG refuelling docks, LNG refuelling stations, and LNG storage at Chu Kong Shipping terminals.
Fri30Dec
Bulls Forecast 2017 As "One of the Best Oil Years," Cooler Heads See Crude Capped at $60
Amid further predictions of oil hitting $100/bbl, a new Reuters poll pegs oil in a more conservative $60 neighbourhood.
Thu29Dec
Crude Benchmarks Soft After Another Quiet Day
Bunker prices have been relatively stable today.
Thu29Dec
Hanjin Reports U.S. Assets Fall Significantly Short of Liabilities
The company's U.S. assets are noted to total more than $124 million, while liabilities are reported to amount to $340 million.
Thu29Dec
Debunkering Underway for Grounded Vessel in Greece
Crews are reported to have removed 4,600 litres bunkers from one of the fuel tanks of the grounded vessel, Cabrera.
Thu29Dec
Port of Amsterdam "Recalibrates" Shore Power Pricing Policy
"Shore power contributes to a cleaner, greener port and the Port is seeking to expand this facility substantially," says the port.
Thu29Dec
Neste to Supply Low Sulfur Bunkers to Eckerö Line Vessel
The agreement is noted to cover the supply of low sulfur bunkers to Eckerö Line's M/S Finlandia throughout 2017.
Thu29Dec
Prospect of Lower Demand and OPEC Cheating Doesn't Deter Predictions of $100 Oil
Tim Pickering points out that oil doesn't like to "stay stuck" for very long.
Thu29Dec
Venezuela Vows To Slash Production, Create 10 Years Of Market Stability
Venezuelan president Nicolas Maduro says he will achieve his stability goal but didn't explain how.
Wed28Dec
Oil Markets Quiet, but Heading Towards Year End on an Upwards Trend
There are hopes though that with the new year oil benchmarks will soften as they seem overheated from December's rally.
Wed28Dec
ECA Bunker Firm Neste to Buy Former Biodiesel Plant
Previously, conventional FAME biodiesel was produced at Sluiskil," the company says.
Wed28Dec
ReCAAP: No Tanker Hijackings for Oil Cargo Theft in November, Total of Three Since January
Instances of piracy and armed robbery against ships in Asia saw a 60 percent decrease in November 2016 compared to the same month of 2015.
Wed28Dec
Debunkering of Grounded Cargo Ship Prevented by Bad Weather
Cabrera ran aground on the Greek island of Andros early Saturday morning.
Wed28Dec
Crude Creeps up as Libya and Nigeria Announce Output Increases
Analysts debate whether we're headed for a further price rally or a stall.
Wed28Dec
"Bargain hunting" China May Slow Glut Reduction If OPEC Cutbacks Boost Prices Further: ClipperData
Analysts also cite U.S. shale as potentially ruining the effect of the cutbacks.