APAC News

Brightoil Issues $100 Million in Convertible Bonds

Proceeds will be used to fund the construction of oil storage and supporting facilities in Zhoushan, among other activities.

17 Dec 2015

China Signals Oil Prices are Too Low

The nation's decision to halt fuel price cuts gives oil a price floor of $38.

17 Dec 2015

ExxonMobil Launch First Independently Accredited MFM System for Bunkering in Hong Kong

The mass flow metering system, accredited by Lloyd's Register, is said to enable "significant" time and cost savings during bunkering.

16 Dec 2015

Update: Tanker Arrested in Singapore

M/T Nautilus Pioneer is owned by Vietnam-based Prime Shipping.

15 Dec 2015

Singapore Posts Another Huge Month of Bunker Sales, 2015 Now Almost Certain to be Biggest Year Ever

For 2015 Singapore has a very real chance of being close to, if not exceeding, the 45 million mt mark.

15 Dec 2015

Bunker Prices Set to Remain Under Pressure as IEA Notes First Signs of a Slowdown in Global Oil Demand

IEA predicts that global inventories will build until at least late 2016, but at a much slower pace than what occurred in 2015.

14 Dec 2015

Fitch Ratings: Low Bunker Prices Insufficient for Recovery, 2016 Shipping Outlook Revised to Negative

Fitch Ratings has revised its 2016 outlook for shipping to negative from stable on lower freight rates resulting from emerging markets weakness.

14 Dec 2015

Ship's Captain Arrested Over Black Market Bunker Scam

Mumbai police say they have arrested Shamshul Bakhri, the Indonesian captain of cargo ship Kresh Jade, and the seventh person arrested in the case.

14 Dec 2015

Cosco, China Shipping Merger Approved, Will Create Fourth Largest Box Carrier

Details of the merger released Friday show the deal to be far more ambitious than some had thought.

14 Dec 2015

New Trader for Dan-Bunkering in Singapore

Ravish Chada's appointment was effective November 1, 2015.

14 Dec 2015

Bright Future for Bunkering at Indian Ports, Say Market Players

Bunkering and marine lubricants market in India needs better infrastructure and more pricing certainty to thrive, participants at a major conference said.

11 Dec 2015

ReCAPP: Piracy, Armed Robbery in Asian Waters Down for Third Straight Month

ReCAPP report shows no reported incidents of piracy or tanker hijackings for the purpose of bunker theft during November, and a decline in armed robbery.

11 Dec 2015

Cosco, China Shipping Merger Gets Beijing Approval

Official announcement and details of the merger could be revealed before the end of this week.

11 Dec 2015

Over 21% of Singapore Bunker Tankers Now Fitted with MPA Approved Mass Flow Meters

A total of 48 bunker tankers, of Singapore's current total of 225 approved vessels overall, now have officially approved MFM systems.

11 Dec 2015

Another Bulk Carrier Arrested in Singapore

Alianca Sky was arrested in Singapore last Thursday.

10 Dec 2015

Update: China to Implement ECAs From 2019, At-Berth Regs from 2017

The Emissions Control Areas will cover all ships operating in the Pearl River Delta, Yangtze River Delta, and the Yellow and Bohai Seas by 2019.

9 Dec 2015

Singapore, O3 Alliance Figure Prominently in CMA CGM's NOL Acquisition Plans

CMA CGM wants APL to join the O3 Alliance and a Singapore regional head office to be opened under the deal.

8 Dec 2015

Lower Newbuilding Prices Failing To Entice Dry Bulk Buyers: BIMCO

Despite the lowest newbuilding prices for dry bulk ships since 2003, BIMCO says owners are holding off expanding their fleets.

7 Dec 2015

Adani Bunkering Reports Conclusion of "Major" Bunker Deal

The 4,500 mt stem is said to be the largest deal recorded on the Indian Sub-Continent for bunkering along the outer road.

4 Dec 2015

China Shipping Reports Bunker Savings, Commitment to "Green" Operations

Slow-steaming, vessel scrapping, and cold-ironing are some CSG strategies.

4 Dec 2015