February, 2017
Date Headline Image
Tue14Feb
CFO Ira M. Birns says restructuring efforts within its marine segment are now "95 percent complete."
World Fuel Services Posts Full Year 2016 Bunker Volumes of 31.4 Million MT
Tue14Feb
Bunker prices were firmer in the primary ports.
Oil Benchmarks Edge Up
Tue14Feb
Wessels Reederei's MV Wes Amelie is set to be converted to dual fuel propulsion in May.
Container Feeder Ship to Receive Conversion for LNG-Propulsion
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
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
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
Mon13Feb
Some critics are now skeptical that production cuts will deliver higher oil prices.
Oil Prices Start the Week Soft
Mon13Feb
The agreement will support the goal of reducing EQUATE's CO2 emissions per container transported with Maersk Line by 15 percent from 2017 to 2020.
EQUATE and Maersk Line Pen Agreement to Slash Shipping Emissions