APAC News

Dry Bulk Has "Minimal" Room for Further Decline, Says Sinotrans, as Bunker Costs Cushion Widening Loss

The significant drop in bunker prices was said to have helped offset to a "certain extent" the negative impacts of market downturn.

16 Mar 2016

India Eyes Singapore, Colombo with Eastern Bunkering Hub

It is reported that the Chennai Port is currently supplying bunker fuel via a barge that is berthed at five nautical miles from the port.

15 Mar 2016

Low Bunker Prices Helps Intra-Asia Player Post Profit in 2015 Despite Tough Markets

SITC reported lower revenues from box rates, but the decline in bunker prices helped the company post a profit in 2015.

15 Mar 2016

Aging Essar Shipping Bulk Carrier Rearrested in Singapore

The capesize was also arrested in Singapore in January 2016, and January 2015.

15 Mar 2016

Singapore Sets More Bunker Sales Records

The world's biggest bunkering port posts its best ever February total, and the highest ever total for the first two months of the year.

15 Mar 2016

Hanjin and HMM Can Overcome Crises Without Additional Funding: KSA

But the government needs to extend the maturity of $570 million in bonds, and swap $1 billion of debts for equity.

14 Mar 2016

Two Killed During Bunker Spill Mitigation Efforts After Boxship Runs Aground

The TS Taipei ran aground on Thursday, resulting in a bunker spill from a breach in one of the vessel's tanks.

14 Mar 2016

ReCAAP: No Asia Tanker Hijackings for the Purpose of Oil Cargo Theft Since September 2015

The organisation says that piracy and armed robbery against ships in Asian waters continued its decline in February 2016.

11 Mar 2016

New Vietnamese Port Eyes Bunker Traffic

An inauguration ceremony was held Tuesday for Vietnam's new international seaport at Cam Ranh Bay.

11 Mar 2016

Minimal Impact on Japan Bunker Market from Refinery Shutdown

Work on the Cosmo Sakaide Oil Terminal will not have a significant impact on Japanese Fuel Oil prices: Report.

10 Mar 2016

New Physical Supply Operation for Chemoil in Australia

Supplier's bunkering operations to commence next month in Port Kembla, and "subject to final approvals,"Newcastle and Eden.

10 Mar 2016

Daiichi Chuo Announces Financial Support for Reorganisation Efforts

The Japan-based dry bulk carrier says it has as entered into investment agreements with its main creditors, including 14 vessel owners and shipyards.

10 Mar 2016

HMM Merger with Hanjin Would Boost Chances of Survival: Drewry

Drewry paper suggests a merger between South Korean carrier Hanjin Shipping and HMM a distinct possibility.

9 Mar 2016

SK Shipping Under Investigation as Rumours of Alleged Tax Evasion Swirl

SK Shipping has confirmed that an investigation is underway, but notes that it is a regular tax audit with which the company is cooperating fully.

9 Mar 2016

Bunker Barge Catches Fire Off China's Dalian Anchorage

The vessel is said to have been loaded with 600 tonnes of diesel and 40 tonnes of fuel oil at the time the fire started.

9 Mar 2016

Singapore: MPA Announces Mandatory Mass Flow Meter Training Courses

Attendance will be mandatory for all in-service bunker cargo officers and bunker surveyors.

7 Mar 2016

2020 Global Sulfur Cap: Market is "Psychologically" Ready, Refining is Not

The industry needs more time to make "wise decisions," delegates at the Asian Refinery Summit in Singapore were told this week.

4 Mar 2016

Bulk Carrier Arrested in Singapore

The arrest took place on Monday February 29, 2016 at 8pm local time.

3 Mar 2016

MXB Reports "Biggest Bunker Call Only" Stem at Kochi

The stem "was personally monitored and executed with seamless coordination of MXB with their JV partner BPCL," a spokesperson tells Ship & Bunker.

2 Mar 2016

Dry Bulk Player Pacific Basin Open to Acquisitions

Acquisition opportunities will be carefully considered despite dry bulk's "weakest year since 1985."

1 Mar 2016